The central bank also reduced the cash reserve ratio of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year
27 Mar 2020 11:46 AM
The agency is probing money-laundering and lending practices that pushed the bank to the edge
08 Mar 2020 9:27 AM
In April 2018, RBI gave entities it regulated 3 months to snap all banking relationships with individuals dealing in virtual currency.
04 Mar 2020 11:41 AM
His comments come against the backdrop of concerns over growth of the economy, which has registered a spike in inflation
15 Feb 2020 2:14 PM
At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.
11 Feb 2020 11:15 AM
There will be no restriction on the maximum amount of bidding by individual bidders.
08 Feb 2020 12:38 PM
The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.
07 Feb 2020 11:11 AM
Next meeting of the MPC scheduled during March 31, April 1 and 3, 2020.
06 Feb 2020 1:04 PM
The governor said the continuity in policy from last pause should not be read as a pointer to future actions.
06 Feb 2020 12:50 PM
RBI further said that the actual inflation outcome for Q2 at 5.8 per cent overshot projections by 70 bps.
06 Feb 2020 12:36 PM
The survey, tabled in Parliament last month, estimated the GDP growth during FY21 at 6-6.5 per cent.
06 Feb 2020 12:32 PM
In the last MPC meet benchmark interest rate was cut by 0.25 per cent to 5.15 pc from 5.40 pc amid low inflation, faltering economic growth.
06 Feb 2020 11:54 AM
A notice was issued to the private lender to show cause as to why penalty should not be imposed for non-compliance with the direction.
30 Jan 2020 1:54 PM
The central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19.
27 Jan 2020 1:10 PM
The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.
23 Jan 2020 1:14 PM
The country's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal as compared to 6.8 per cent in 2018-19.
20 Jan 2020 12:01 PM
Economists said the MPC may watch for a possible reversal in food prices to see how inflation pans out in coming months.
15 Jan 2020 10:09 AM
Patra will serve as the deputy governor for three years from the time of his appointment.
14 Jan 2020 12:11 PM
The RBI bought USD 7.46 billion and sold USD 530 million in the market in November.
13 Jan 2020 12:30 PM
Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government
11 Jan 2020 10:57 AM