Reserve Bank of India

Looking at 'pros and cons' of introduction of digital currency: RBI

Finance minister Nirmala Sitharaman while presenting the Budget 2022-23 had announced that the central bank will launch an Indian digital currency.

May 27, 2022, 17:11 PM IST

Bank fraud cases rise in FY22, private banks report most incidents: RBI Data

The RBI Annual Report 2021-22 pointed out that the private sector banks in India recorded the highest number of frauds in the financial year 2021-22. 

May 27, 2022, 16:33 PM IST

RBI releases Annual Report 2021-22: From inflation to GDP forecast, check 6 important points

The RBI has released the RBI Annual Report 2021-22. 

May 27, 2022, 13:17 PM IST

RBI governor-led board approves Rs 30,307 crore dividend payment to government

The Central Board of Directors of RBI approved the payment of Rs 30,307 crore dividend to the central government. 

May 20, 2022, 17:36 PM IST

Repo rate hike: EMIs may go up, but depositors of THIS segment will benefit, say experts

Amidst murmurs of future RBI repo rate hikes and its impact on common man, experts say that common man still has something to look forward to.

 

May 20, 2022, 12:31 PM IST

How to transfer money using UPI 123PAY via IVR number with your feature phones –Check complete process here

Here's a step-by-step guide to transferring money via 123PAY via the IVR number with your feature phones.

May 19, 2022, 11:55 AM IST

RBI rejects 6 applications for setting up banks

The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines.

May 17, 2022, 17:49 PM IST

RBI not 'behind the curve' in hiking rate to tackle inflation: MPC member Ashima Goyal

The RBI has recently increased repo rate by 40 basis points. 

May 15, 2022, 12:34 PM IST

Got bank note with 786 serial number? You can earn up to Rs 3 lakh by selling it online, here’s how

If you have any note of Rs 1, 5, 10, 20, 50 or 100 or 2000 with serial number 786, you can make lakhs of rupees by selling the currency online. 

May 14, 2022, 11:46 AM IST

RBI restricts withdrawals from THIS bank, 99.84% depositors covered under DICGC scheme

The RBI said the restrictions will remain in force for a period of six months from the close of business on May 13, 2022.  

May 13, 2022, 20:35 PM IST

Bank Holidays in May: Bank branches to remain shut for 3 consecutive days

Check the complete list of bank holidays in May 2022 inside. 

May 13, 2022, 18:32 PM IST

RBI may raise policy rates by 75 bps cumulatively in next 2 reviews: SBI Research

Beyond August, rate actions might be more balanced and judicious and the terminal repo rate is expected to be at 5.15-5.25 per cent by FY23, it said.

May 13, 2022, 15:07 PM IST

Halted UPI payments, crypto trading in India due to informal strain from RBI: Coinbase CEO

Top cryptocurrency exchange Coinbase quit India activities attributable to the "casual strain" from the Reserve Bank of India (RBI). 

May 11, 2022, 13:01 PM IST

FM Sitharaman comments on RBI's sudden repo rate hike, check what she said

For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent.

May 09, 2022, 17:53 PM IST

FM Sitharaman says RBI's rate hike not a surprise, calls it part of synchronised event globally

Finance Minister Nirmala Sitharaman said the recent decision of RBI to hike key policy interest rates is a part of the synchronised event by the central banks globally.

May 08, 2022, 12:25 PM IST

Bank Holidays in May: Banks to remain closed for 3 days next week; check important dates

Banks will remain closed for three days next week. Bank customers should check important dates before stepping out. 

May 08, 2022, 09:13 AM IST

Setback for homebuyers! HDFC Bank hikes home loan interest rates, check details

HDFC Bank has raised its retail prime lending rate on home loans by 30 basis points with effect from May 9.

May 07, 2022, 14:38 PM IST

RBI imposes penalty on Daimler Financial Services India, KKR India Financial Services

The RBI imposed a penalty of Rs 5 lakh each on Daimler Financial Services India and KKR India Financial Services for non-compliance with directions related to 'monitoring of frauds in NBFCs'.

May 06, 2022, 20:12 PM IST

Taken home, car loan? Your EMIs could soon increase as 2 big banks hike lending rates, check details

A change in benchmark lending rates pushes banks to tweak their interest rates on home, car, and other loans. 

May 06, 2022, 13:33 PM IST

RBI's sudden repo rate hike! Here are 4 major areas that will affect the common man

RBI took sudden decision to increase the repo rates by 40 bps to 4.40 percent, a move that will raise borrowing costs for corporates and individuals .

May 05, 2022, 12:06 PM IST