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Punjab and Maharashtra Cooperative (PMC) account holders protest outside the Bombay high court in Mumbai on Tuesday. (Photo: Asian Age)

Relaxing withdrawal limits: RBI to Bombay HC

The crisis at the bank is attributed to the loans allocated to realty firm the Housing Development Infrastructure Ltd...

20 Nov 2019 1:53 AM IST

The Reserve Bank of India (RBI) has mandated banks not to charge savings account holders for NEFT with effect from January 2020.

No NEFT charges from January

The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to...

9 Nov 2019 3:39 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI raises limit for borrowing from microfinance institutions

The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

8 Nov 2019 8:28 PM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

No levying of charges on NEFT payment from January: RBI to banks

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

8 Nov 2019 5:26 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Withdrawal limit for PMC Bank depositors raised to Rs 50,000

With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire...

5 Nov 2019 6:30 PM IST

Reserve Bank of India (RBI)

RBI revamps departments for effective supervision, regulation of...

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified...

2 Nov 2019 12:27 PM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

RBI rejigs internal setup to monitor banks better

The development follows the RBI's central board decision to create separate supervisory and regulatory cadre.

2 Nov 2019 1:29 AM IST

Reserve Bank of India (RBI)

Bad loans to rise in 2020, says RBI

The gross non-performing assets (GNPA) ratio may increase to 9.9 per cent by September 2020 from 9.3 per cent.

28 Dec 2019 2:29 AM IST

Reserve Bank of India

MPC minutes hint at rate cut in February

Green shoots seen, capex cycle may be turning up.

20 Dec 2019 1:31 AM IST

Onions may not be a staple , at less than one per cent of Indias total food production, or about 800 grams a month per person per month on average, but the bulb is not inessential.

High onion prices figured prominently in RBI MPC meeting, minutes show

The six-member MPC had kept the repo rate unchanged on December 5 despite moderation in economic growth and easing...

19 Dec 2019 7:37 PM IST

Shaktikanta Das

RBI saw slowdown, acted ahead of time by cutting interest rates from...

In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.

16 Dec 2019 11:52 AM IST

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.

Forex reserves soar to touch all-time high of USD 453 billion

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644...

14 Dec 2019 11:06 AM IST