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Reserve Bank of India (RBI)

RBI panel on MSME suggests Rs 15,000 cr fund to support industry

The contribution of the sector in the economy is currently constrained due to several challenges affecting growth in the...

26 Jun 2019 4:33 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

Govt, RBI closely monitoring rupee exchange rate: Sitharaman

Rupee has depreciated from Rs 60.50 to a dollar in 2013-14 to Rs 69.74 to a dollar in April-December of 2018-19.

25 Jun 2019 8:01 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.

Govt likely to use Rs 3 trillion RBI windfall to pay regular bills

Market expectations suggest Rs 3 lakh crore distributed staggered over years.

25 Jun 2019 5:02 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 launches CMS for filing online complaints against banks, NBFCs

The RBI also plans to introduce a dedicated Interactive Voice Response (IVR) system for tracking the status of...

24 Jun 2019 8:37 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Jalan panel on RBI's capital size again defers report submission till...

The ECF panel will meet again in July and will submit the report post Budget.

24 Jun 2019 7:39 PM IST

Viral Acharya. (Photo: YouTube screengrab)

Early exit of Acharya from RBI not to roil markets: SBI report

In his resignation, he expressed inability to continue beyond July 23, 2019, the RBI said.

24 Jun 2019 7:24 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 panel defers reserves report for fourth time

The panel will submit the report after the federal budget in July, the official said.

24 Jun 2019 1:22 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI deputy governor Viral Acharya resigns citing personal...

Viral Acharya would return to a teaching position at Stern School of Business, as per a news report.

24 Jun 2019 9:13 AM IST

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar.

Forex trading platform for retail participants ready for rollout on...

RBI said no transaction charges will be levied by CCIL on transactions of customers if transactions do not exceed USD...

20 Jun 2019 7:55 PM IST

The card, which will be issued by Goldman Sachs Group Inc and will use the Mastercard Inc network, will come with new features in the Apple Wallet to help users track their spending with a breakdown of monthly purchasing.

India to review data storage rules that irked US tech firms

The decision to review the rules comes at a time when trade tensions between India and United States have risen.

19 Jun 2019 12:22 PM IST

RBI fines HDFC Bank Rs 1 crore for violation of KYC norms

The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of...

19 Jun 2019 9:25 AM IST

Building a robust data protection framework will achieve the dual purpose of privacy and innovation besides strengthening Indias position as a global tech leader, said Minister of Commerce and Industry, Piyush Goyal. (Photo: ANI)

India to address concerns on e-commerce data storage requirements

Each and every concern of the industry will be addressed, the ministerPiyush Goyal said while referring to the data...

18 Jun 2019 1:59 PM IST