News WrapGet Handpicked Stories from our editors directly to your mailbox

Reserve Bank of India

Nandan Nilekani-led panel on digital payments submits report to RBI

In January, the Reserve Bank of India had set up the five-member panel on deepening digital payments with a view to encouraging digitisation of payments and enhance financial inclusion through digitisation.

May 18, 2019, 18:03 PM IST

RBI needs to go for larger rate cut in June: SBI report

The RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews. The central bank is slated to announce its next bi-monthly policy decision on June 6.

May 15, 2019, 14:18 PM IST

Former RBI Deputy Guv R Gandhi appointed additional director on Yes Bank board

The appointment is for a period of two years with effect from May 14, 2019 to May 13, 2021 or till further orders, whichever is earlier, Yes Bank said in a filing to stock exchanges.

May 15, 2019, 14:13 PM IST

RBI proposes mobile app to help visually impaired to identify currency notes

At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Government of India.

May 13, 2019, 11:27 AM IST

RBI withdraws circular asking banks to declare exposure to IL&FS

Last week, the National Company Law Appellate Tribunal (NCLAT) had allowed banks to declare their defaulting accounts of Infrastructure Leasing & Financial Services (IL&FS) and its group companies as non-performing assets.

May 10, 2019, 12:30 PM IST

RBI likely to cut interest rate again in June; no cut thereafter

In a report on the forecast for global monetary policy actions and resulting economic impact, the London-based global information provider said RBI is likely to tighten its monetary policy stance in early-to-mid 2020.

May 08, 2019, 16:29 PM IST

SC directs RBI to disclose information on bank inspection report under RTI

The bench said it would have taken a serious view to the refusal of RBI to part with information under RTI.

Apr 26, 2019, 11:20 AM IST

Stressed assets resolution: RBI mulls giving up to 60 days additional time for repayments

Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and would be released soon, they added.

Apr 26, 2019, 09:21 AM IST

RBI approves proposal of HDFC for holding 9.9% stake in Bandhan Bank

Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.

Apr 24, 2019, 09:58 AM IST

Slowdown in global growth, trade to hit emerging market economies: RBI Governor Shaktikanta Das

The RBI Governor made this remark while addressing an event `Governor Talks` on the sidelines of International Monetary Fund-World Bank Spring Meetings.

Apr 13, 2019, 18:02 PM IST

RBI issues norms for banks to set up currency chests

Earlier, a RBI appointed committee had recommended that the apex bank should encourage banks to open large currency chests with modern facilities and Chest Balance Limit (CBL) of at least Rs 1,000 crore.

Apr 09, 2019, 10:09 AM IST

Zee Breaking: RBI cuts repo rate by 25 base points to 6% from 6.25%

Zee Breaking: The RBI has reduced the reverse repo rate to 6.0 per cent from 6.25%. Watch full video to know more.

Apr 04, 2019, 12:34 PM IST

RBI tweaks NPA divergence disclosure norms

RBI further said disclosure has also to be made if the additional gross NPAs identified by RBI exceed 15 percent of the published incremental gross NPAs for the reference period.

Apr 02, 2019, 10:50 AM IST

RBI likely to cut repo rate by 25 bps: Goldman Sachs

The monetary policy committee is scheduled to meet from April 2 to 4.

Mar 28, 2019, 10:47 AM IST

RBI buys USD 5 bn through forex swap auction

The RBI said it received USD 16.31 billion in bids for the auction for which the cut-off was set at 776 paise.

Mar 27, 2019, 11:31 AM IST

Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, RBI said.

Mar 27, 2019, 11:18 AM IST

RBI seeks modification of NCLAT order in ILFS case

A two-member NCLAT bench, headed by Justice S J Mukhopadhaya, has said that it would hear the RBI on the issue.

Mar 19, 2019, 18:02 PM IST

Bandhan Bank gets RBI nod for acquiring Gruh Finance

Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over in January by Kolkata-based Bandhan Bank in a share-swap deal.

Mar 18, 2019, 10:27 AM IST

RBI relaxes norms for trade credit

For others, the limit is up to USD 50 million or equivalent per import transaction.

Mar 14, 2019, 12:41 PM IST

RBI to inject liquidity worth $5 bn into system on March 26

The banks would be exempted from the ISDA requirements for the purpose of these swaps.

Mar 14, 2019, 12:38 PM IST