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Reserve Bank of India (RBI) News

Reserve Bank of India (RBI)

20 Feb 2021

Deccan Urban Co-op Bank: RBI puts Rs 1,000 withdrawal limit for next 6 months

The Deccan Urban Co-operative Bank Ltd has been prohibited from making any fresh investments The Karnataka-based co-operative bank customers can not withdraw more than Rs. 1,000 from their savings account The Reserve Bank of India will think of modifications in the orders as per the conditions.

21 Mar 2020

COVID-19: Odisha Govt requests RBI to ensure availability of sufficient cash

Special Secretary-cum DIF, Government of Odisha, wrote a letter to Regional Director RBI in this regard.

20 Jan 2020

Budget 2020 may push back fiscal deficit MTFP target

As per the medium-term fiscal policy cum fiscal policy strategy statement tabled in Parliament, the government is aiming to contain the fiscal deficit at 3.4 per cent in the current as well as the next fiscal, and then bring it down to 3 per cent in 2020-21.

Reserve Bank of India (RBI)

10 Jan 2020

Indian government to seek RBI dividend boost as revenue drops

The fresh call comes just months after the RBI approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government, including 1.48 trillion rupees for the current fiscal year.

08 Jan 2020

RBI focus on financial stability regulations framework: Guv Shaktikanta Das

Das said in his remarks at the Third Suresh Tendulkar Memorial Lecture, hosted by the central bank.

Reserve Bank of India (RBI)

06 Jan 2020

RBI allows banks to trade in forex outside market hours

Dealers hailed the move as a step in the right direction to help traders hedge their bets on the domestic front.

Reserve Bank of India (RBI)

02 Aug 2017

RBI cuts key rate by 0.25%; to lower home, auto EMIs

In line with record low retail inflation, the RBI Governor headed Monetary Policy Committee (MPC) cut policy repo rate by 25 basis points to 6 percent and the reverse repo by similar proportion to 5.75 percent.

Reserve Bank of India (RBI)

30 Jul 2017

No steps taken for launching Sharia-compliant mutual funds in India: RBI

The RBI had in February last year sent a copy of the IDG report to the Finance Ministry.

Reserve Bank of India (RBI)

28 Jul 2017

Low inflation to encourage RBI to cut rates next week

Inflation eased to its slowest pace in more than five years in June.

Union Finance Minister Arun Jaitley

24 Jul 2017

Arun Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sabha

Moving on fast-track, the RBI had in June identified 12 large loan defaulters who account for 25 percent of the total bad loans in the banking sector.

22 Jul 2017

Money flow into financial savings increased post note ban: Viral Acharya

However, the Harvard professor said it will take years to judge the full impact of India`s demonetisation move in accelerating electronic payments and the larger picture is that the government has done much to promote financial inclusion.

17 Jul 2017

Bad loans: SC gives RBI a week to reply on expert panel report

The apex court had in November last year observed that the disclosure of names of big loan defaulters who owe Rs 500 crore and more to banks, would not lead "anywhere" as the important issue was to address "root cause" of accumulation of the non-performing assets (NPAs).

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