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Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

Bitcoins, other virtual currencies like Ponzi schemes: FinMin

The RBI clarified that it has not given any licence to any entity to operate such schemes or deal with Bitcoin or any...

29 Dec 2017 6:26 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finance Ministry warns investors against virtual currencies

Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes.

29 Dec 2017 12:38 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

'RBI to cut rates 25 bps in April to signal lower lending rates'

Reserve Bank in its fifth bi-monthly review of this fiscal kept repo rate unchanged at 6 per cent.

27 Dec 2017 2:09 PM IST

RBI governor Urjit Patel during press meet in Mumbai. (Photo: PTI)

Low rate may not help in pushing growth: RBI

Targeted intervention for healthy sectors is better, says dy governor.

8 Jun 2017 4:46 AM IST

RBI governor Urjit Patel

Status quo at RBI

The government must get its act together and find ways to get the economy on the growth path.

8 Jun 2017 1:49 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI cuts provisions, risk weights to make home loans cheaper

Amount of money to be set aside for every loan made, has been lowered to 0.25 per cent from the earlier 0.40 per cent.

7 Jun 2017 7:38 PM IST

RBI governor Urjit Patel

Note ban didn't impact growth; need clarity on inflation: RBI

RBI has revised down its estimate on inflation projection to 3.5-4.5 per cent.

7 Jun 2017 6:22 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex rises up by 81 points post RBI's decision

The Reserve Bank maintained status quo on policy rates, resulting in gains for rate-sensitive sectors like banking,...

7 Jun 2017 5:03 PM IST

RBI governor Urjit Patel

Farm loan waivers risk fiscal slippages, inflation: RBI

About 1.07 crore farmers with less than five acres of land would be eligible for it.

7 Jun 2017 4:17 PM IST

RBI governor Urjit patel

RBI keeps key rate unchanged; cuts SLR, lowers GDP projection

RBI cut the economic growth projection to 7.3 per cent for the current fiscal from 7.4 per cent earlier.

7 Jun 2017 3:09 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI keeps repo rate unchanged at 6.25 per cent

Consequently, reverse repo rate remains at 6.0 per cent, MSF rate and bank rate at 6.50 per cent.

7 Jun 2017 2:52 PM IST

RBI governor Urjit Patel

RBI may hold repo rate on below forecasts inflation

Reuters poll showed 56 of 60 analysts expected MPC to keep repo rate unchanged at 6.25 per cent.

7 Jun 2017 9:27 AM IST