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RBI

'Singapore most favoured destination to invest for Indian companies'

'Singapore most favoured destination to invest for Indian companies'

Indian firms' total direct overseas investment increased by 32 percent to USD 2.49 billion in December, with Singapore emerging as the top destination.

RBI says doesn't know exact number of scrapped notes

RBI says doesn't know exact number of scrapped notes

More than 72 days after demonetisation, the Reserve Bank of India (RBI) has said it still does not know the "exact number" of junked currency notes that were in circulation and it is still "reconciling" the number of notes that were deposited back.

Working to reduce transaction cost on online payments: RBI to PAC

Working to reduce transaction cost on online payments: RBI to PAC

RBI on Friday informed a parliamentary panel that it is working on a mechanism to bring down transaction cost on online payments even as the meeting was stalled for a while as BJP members protested Chairman K V Thomas' statement on demonetisation.

Bank employees threaten nation-wide strike on Feb 7

Bank employees threaten nation-wide strike on Feb 7

A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation period and safeguarding the autonomy of the Reserve Bank of India.

RBI imposes Rs 75 lakh penalty on Bombay Mercantile Co-op Bank for violations of KYC norms

RBI imposes Rs 75 lakh penalty on Bombay Mercantile Co-op Bank for violations of KYC norms

Bombay Mercantile Co-operative Bank was imposed with a penalty of Rs 75 lakh by the Reserve Bank of India on Thursday for violations of norms related to KYC and anti-money laundering.

Bank deposits up 0.64% in January 6 fortnight

Bank deposits up 0.64% in January 6 fortnight

According to the data released by the Reserve Bank of India, deposits in banks jumped by 0.64 percent in the fortnight to January 6 after falling in the previous 14 days.

In first address, Urjit Patel asks staff to guard RBI reputation

In first address, Urjit Patel asks staff to guard RBI reputation

RBI Governor Urjit Patel has told colleagues that any effort to belittle the reputation of the central bank deserves "zero tolerance" and asked them to guard the integrity of the institution.

Manmohan Singh comes to rescue of RBI Guv, says he should not be put to odd questions

Manmohan Singh comes to rescue of RBI Guv, says he should not be put to odd questions

During the hearing, Manmohan Singh said that the central bank and the RBI Governor's position as an institution should be respected.

Demonetisation: RBI Governor Urjit Patel to brief parliamentary panel on Wednesday

Demonetisation: RBI Governor Urjit Patel to brief parliamentary panel on Wednesday

RBI Governor Urjit Patel will on Wednesday meet the parliamentary panel and brief them about the demonetisation move taken up by the Modi government.

RBI hikes the limit of cash withdrawal from ATM

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Good news for small traders: Withdrawal limit from current accounts doubled to Rs 1 lakh per week

Good news for small traders: Withdrawal limit from current accounts doubled to Rs 1 lakh per week

In a major boost for small traders, the Reserve Bank of India (RBI) on Monday hiked the withdrawal limit from current accounts to Rs 1 lakh per week, double from the existing Rs 50,000.

RBI hikes ATM withdrawal limit to Rs 10,000 per day; no change in weekly withdrawal limit

RBI hikes ATM withdrawal limit to Rs 10,000 per day; no change in weekly withdrawal limit

In a major relief for the common man post the demonetisation move, the Reserve Bank of India on Monday raised the cash withdrawal limits from ATM to Rs 10,000 per days from the existing Rs 4,500.

Govt respects RBI's autonomy and independence: Finance Ministry

Govt respects RBI's autonomy and independence: Finance Ministry

A day after the employee unions of the Reserve Bank of India expressed their resentment against alleged interference of the government in the central bank`s affairs, the Finance Ministry on Saturday said that it fully respects its autonomy.

Forex kitty down $1.14 billion to $359 billion

Forex kitty down $1.14 billion to $359 billion

A huge fall in gold reserves led to a USD 1.14 billion dip in the country's forex reserves to USD 359.155 billion for the week ended January 7, the Reserve Bank said on Friday.

Loans to be cheaper as Axis Bank cuts MCLR by up to 0.70%

Loans to be cheaper as Axis Bank cuts MCLR by up to 0.70%

Loans will soon be cheaper as country's third largest private sector lender Axis Bank on Friday cut its interest offering by up to 0.70 per cent. The latest rate cut is being seen as a move following similar moves by all the major players in the system due to high liquidity post demonetisation.

RBI may cut repo rate by 0.25% in February: HSBC report

RBI may cut repo rate by 0.25% in February: HSBC report

With uncertanity over implementation of GST, rising crude oil prices and the challenging 4 percent CPI in medium term, Reserve Bank may cut repo rate for the final time by a 25 basis points in the February policy, says a report.

 

Reports on the options for cheap home loans

Reports on the options for cheap home loans. Watch this special segment and get to know more here.

Low inflation must for meaningful interest rate regime: Urjit Patel

Low inflation must for meaningful interest rate regime: Urjit Patel

RBI Governor Urjit Patel on Wednesday made a strong case for keeping inflation low on durable basis saying it is "essential prerequisite" for meaningful interest rate structure to increase investments for better growth.

RBI continuing to press ahead for smooth transmission of monetary policy: Urjit Patel

RBI continuing to press ahead for smooth transmission of monetary policy: Urjit Patel

RBI Governor Urjit Patel on Wednesday said that the central bank will continue to press ahead for a more fluid and smooth transmission of monetary policy.

 

RBI to go for 0.25% rate cut in 2017: Citigroup

RBI to go for 0.25% rate cut in 2017: Citigroup

The Reserve Bank of India is expected to go for only a 25 bps rate cut this year and the likelihood of an easing in April is more than in February, says a Citigroup report.