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RBI panel moots centralised bill payment system

RBI panel moots centralised bill payment system

Last Updated: Wednesday, April 23, 2014, 23:28

The RBI has sought comments on the Report of the GIRO Advisory Group till May 25.

10-15% cards used only for online transactions: RBI report

10-15% cards used only for online transactions: RBI report

Last Updated: Wednesday, April 23, 2014, 18:35

Of the 369 million debit and credit cards in the country, 10-15 percent are used only for online transactions, the Reserve Bank said.

RBI stops banks from extending ECBs for repaying rupee loans

RBI stops banks from extending ECBs for repaying rupee loans

Last Updated: Tuesday, April 22, 2014, 22:52

The Reserve Bank of India Tuesday disallowed overseas branches of domestic banks from extending external commercial borrowings (ECBs) to manufacturing and infrastructure companies for repaying rupee loans.

RBI asks bank boards to review BCs operations, payments

RBI asks bank boards to review BCs operations, payments

Last Updated: Tuesday, April 22, 2014, 22:51

To scale up the business correspondent model, the boards of banks must review the operations of BCs at least once every six months and position of their payment of remuneration, RBI said Tuesday.

RBI panel suggests FRA to deal with failing institutions

RBI panel suggests FRA to deal with failing institutions

Last Updated: Tuesday, April 22, 2014, 21:34

An RBI working group has recommended setting up a Financial Resolution Authority (FRA) to effectively deal with failing financial institutions and ensure overall stability in the system.

RBI for two-stage verification for online transactions

RBI for two-stage verification for online transactions

Last Updated: Tuesday, April 22, 2014, 21:30

Worried over rising number of frauds in online banking, the RBI has suggested that banks introduce two-stage authentication to ensure security of transactions.

RBI allows FIIs to buy further shares in South Indian Bank

Last Updated: Monday, April 21, 2014, 23:55

Further, RBI said all the approvals received against the said scrip are duly cancelled.

RBI likely to be in pause mode till Dec: BofA-ML

Last Updated: Monday, April 21, 2014, 22:17

The RBI's target is to ease retail inflation, as measured by the Consumer Price Index, to 8 percent by January 2015 and 6 percent by January 2016.

RBI ED Gopalakrishna takes VRS, joins as director CAFRAL

Last Updated: Monday, April 21, 2014, 16:14

Reserve Bank executive director G Gopalakrishna has voluntarily retired from the service and joined as director of Centre for Advanced Financial Research and Learning (CAFRAL).

India's forex reserves rise to $309.44 bn

Last Updated: Saturday, April 19, 2014, 19:13

There was a sharp jump in foreign currency assets.

India's forex reserves zoom $2.79 bn to $309.44 bn

Last Updated: Friday, April 18, 2014, 22:47

India's forex reserves jumped on the back of a healthy rise in currency assets.

Credit growth slips to 13.8%; deposits up 15%

Last Updated: Thursday, April 17, 2014, 21:13

Bank deposits grew at 14.98 percent year-on-year to Rs 79,31,104 crore as on April 4, better than credit growth, according to RBI data.