The gross domestic product grew 0.4 per cent in October-December compared with the same period a year earlier, data released by the National Statistics Office on Friday (February 26) showed. That compared with revised contractions of 7.3 per cent in July-September and 24.4 per cent in April-June.Feb 26, 2021, 21:16 PM IST
Yet another bank on RBI restriction, depositors can’t withdraw more than Rs 50,000 of total balance across all accounts
Considering the bank's present liquidity position, a sum not exceeding Rs 50,000 of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but bank is allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions.Feb 26, 2021, 17:12 PM IST
A total of 53 posts are to be filled through this recruitment process. Interested and eligible candidates can apply via official website rbi.org.in. The application process for these posts is starting from February 23 and will continue till March 10, 2021.Feb 20, 2021, 11:43 AM IST
The Supreme Court on Friday (February 19) said the present state of affairs on management of bank lockers is inadequate and muddled, and there is no uniformity in rules as it directed the RBI to lay down regulations, within six months, for steps necessary for banks on this issue.Feb 19, 2021, 22:30 PM IST
Reserve Bank of India's rap video warning against banking frauds is the coolest thing you will watch today --Here's the video
"A little caution takes care of a lot of trouble. Never respond to requests to share PIN, OTP or bank account details. Block your card if stolen, lost or compromised," Reserve Bank of India (RBI) has tweeted.
RBI has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country.
Feb 19, 2021, 12:33 PM IST
The Reserve Bank also added that it may consider modifications of the directions depending upon circumstances. The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. The bank will continue to undertake banking business with restrictions till its financial position improves.Feb 12, 2021, 11:55 AM IST
This is the first monetary policy announcement after the presentation of the Union Budget 2021-22. The Reserve Bank's rate-setting Monetary Policy Committee (MPC) began its meeting on Wednesday. The MPC kept the key benchmark rate unchanged in its last three reviews.Feb 05, 2021, 16:37 PM IST
RBI Monetary Policy: No respite to home and auto loan borrowers; RBI keeps interest unchanged at 4%, maintains accommodative stance
This is the first monetary policy announcement after the presentation of the Union Budget 2021-22. The Reserve Bank's rate-setting Monetary Policy Committee (MPC) began its meeting on Wednesday. The six-member MPC headed by RBI Governor Shaktikanta Das has started its deliberations. After the three-day meeting, resolution of the MPC was announced today (February 5).Feb 05, 2021, 10:11 AM IST
Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. The inflation target has to be reviewed by end-March 2021.
The MPC kept the key benchmark rate unchanged in its last three reviews.Feb 05, 2021, 08:24 AM IST
A soiled currency note means a note which has become dirty due to normal wear and tear. This also includes a two piece note pasted together wherein both the pieces presented belong to the same note and form the entire note with no essential feature missing. These notes should be accepted over bank counters in payment of government dues and for credit to accounts of the public maintained with banks.Feb 03, 2021, 17:54 PM IST
The value of the bond is based on the simple average closing price published by India Bullion and Jewellers Association Ltd (IBJA) for gold of 999 purity of the last three business days of the week preceding the subscription period (January 27-29, 2020).Feb 01, 2021, 14:21 PM IST
Sovereign Gold Bond Scheme 2020-21 - Series XI will be open for subscription from February 01 to February 05, 2021."The nominal value of the bond...Works out to Rs 4,912," the RBI said.
Here’s all you need to know about your eligibility, how to apply for the Sovereign Gold Bond Scheme.Jan 31, 2021, 15:28 PM IST
Interested candidates should go through the notification carefully to check the opening and closing date of registration, eligibility criteria, and other facts related to the selection process. The candidates need to fill and submit their application forms available on the RBI's official website.Jan 25, 2021, 18:42 PM IST
The Sovereign Gold Bond Scheme 2020-21 series X, which opened for subscription on Monday (January 11, 2020), closes today (Friday, January 15).Jan 15, 2021, 15:32 PM IST
The Reserve Bank of India said, "Recent spurt and popularity of online lending platforms/mobile lending apps (‘digital lending’) has raised certain serious concerns which have wider systemic implications."As per the Terms of Reference (ToR) for the WG, it has been asked to evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities, and "identify risks posed by unregulated digital lending to financial stability, regulated entities and consumers".Jan 13, 2021, 20:56 PM IST
RBI cancels licence of yet another bank: Do you have account in this bank? Know what happens to your money
RBI has said that more than 99 percent of the depositors of the bank will get full repayment of their deposits from DICGC.Jan 12, 2021, 14:01 PM IST
The Sovereign Gold Bond Scheme 2020-21 series X opened for subscription on Monday (January 11, 2020), and closes on Friday (January 15, 2021).Jan 11, 2021, 09:52 AM IST
While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above.Jan 01, 2021, 18:26 PM IST
SBI introducing Positive Pay System from January 1: Know what it is and how it make Cheque payment secure
The concept of Positive Pay involves a process of reconfirming key details of large value cheques.Dec 30, 2020, 12:33 PM IST
The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the interest payment dates.Dec 28, 2020, 10:16 AM IST