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This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by NBFC Bajaj Finance with its customers. (Photo: ANI)

RBI imposes monetary penalty of Rs 10 million on Bajaj Finance

The order is dated Jan 3 and penalty has been imposed in the exercise of powers vested in RBI under relevant provisions...

15 Jan 2019 2:52 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI accountable to government, says reserves panel chairman

Government is urgently seeking extra funds to finance populist measures like financial aid to farmers.

10 Jan 2019 5:07 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Lanka's Central Bank gets USD 400 million swap from RBI

The total loan was expected to have been disbursed with a seventh tranche by mid-2019.

10 Jan 2019 11:39 AM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI issues card payments tokenisation guidelines

Based on risk perception, card issuers may decide whether to allow cards issued by them to be registered by a token...

9 Jan 2019 10:28 AM IST

Infosys co-founder and former CEO Nandan Nilekani. (Photo: PTI)

Former UIDAI chief Nandan Nilekani to head RBI panel on digital...

RBI appointed Nandan Nilekani as the chairman of High-Level Committee on Deepening of Digital Payments in the country.

8 Jan 2019 4:22 PM IST

The protesting farmers had ended their march at Kisan Ghat in Delhi early on Wednesday after the police, which had stopped them on the citys border, allowed their entry. (Photo: PTI/File)

Generalised farm loan waiver impacts credit culture: RBI Governor

Earlier this year, the coalition government in Karnataka also announced a farm loan waiver.

7 Jan 2019 4:01 PM IST

Shaktikanta Das

Will take steps if there is liquidity shortage: RBI Governor

Banks have been asked to look at the viability of individual proposals for loan restructuring of MSMEs.

7 Jan 2019 2:13 PM IST

Economic Affairs Secretary Shaktikanta Das

RBI expected to pay govt up to USD 5.8 billion interim dividend:...

The government and RBI have now appointed a panel to look into the issue around the sharing of the RBI's reserves.

7 Jan 2019 1:38 PM IST

People in many states are complaining of cash crunch at ATMs. (Photo: ANI | Twitter)

Digital transactions not universal': RBI told to fix dry ATM issue

The Standing Committee on Finance has also asked banks to install an adequate number of ATMs.

6 Jan 2019 11:39 AM IST

The notice comes just days after Law and IT Minister Ravi Shankar Prasad warned the social media giant Facebook of stringent action for any attempt to influence polls through data theft. (Photo: PTI/File)

Working with RBI to probe fraud cases of below Rs 1L', says govt

A Financial Data Protection bill has been drafted that aims to address issues related to data theft, including social...

4 Jan 2019 4:38 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Finance Ministry, RBI to take up dividend, surplus

While govt wants a big pie of surplus, some feel RBI needs a large corpus to maintain credibility.

4 Jan 2019 10:25 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI vs Govt in 2018: A 'husband-wife' relation that turned stormy

The differences came out in the open when Deputy Governor Acharya, in a hard-hitting speech in October.

1 Jan 2019 10:52 AM IST