Search For "rbi"
RBI releases the Financial Stability Report, June 2022
Updated : 1 hour, 11 min ago IST
New Delhi [India], June 30 (ANI): Reserve Bank of India (RBI) released the 25th issue of the Financial Stability Report (FSR), which reflected the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resi
Read More
Cryptocurrencies are a clear danger, need to guard against any disruption
Updated : 5 hours, 54 min ago IST
Mumbai (Maharashtra) [India], June 30 (ANI): Cryptocurrencies are a clear danger and anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name, RBI Governor Shaktikanta Das has said in the foreword of the Financial Stability Re
Read More
Housing sales in metros decline 15 pc in April-June quarter
Updated : 8 hours, 24 min ago IST
New Delhi [India], June 30 (ANI): In a major fallout of increased property prices and lending rate hikes by the RBI and subsequently by several domestic banks, the top 7 cities in India saw a 15 per cent moderation in housing sales during the second quarter of the current calendar year 2022
Read More
DocBoyz is taking doorstep banking to the next level
Updated : 1 day, 6 hours ago IST
Pune (Maharashtra) [India], June 29 (ANI/PNN): DocBoyz, a Phygital Fintech platform, is taking doorstep banking to the next level through its gamut of services to banks and financial institutions.
Read More
Bank deposit growth moderated year-on-year in March, says RBI
Updated : 1 day, 14 hours ago IST
New Delhi [India], June 29 (ANI): Bank deposit growth has moderated year-on-year to 10.0 per cent in March 2022 as compared with 11.9 per cent a year ago, the Reserve Bank of India data showed.
Read More
RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank
Updated : 2 days, 16 hours ago IST
New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu, for non-adherence or violation of directions issued under various guidelines including Know Your Customer (KYC) Guideli
Read More
India's forex reserves dip by $5.9 billion to $590.59 billion
Updated : 5 days, 14 hours ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): India's foreign exchange (forex) reserves slumped by $5.87 billion to $590.588 billion for the week ended June 17 as foreign portfolio investors pulled money out of the Indian equities amid mounting concerns of global recession, the Reserve Bank o
Read More
RBI imposes monetary penalty on Indian Overseas Bank
Updated : 6 days, 4 hours ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank.
Read More
RBI extends card tokenisation deadline by three months
Updated : 6 days, 4 hours ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) on Friday announced an extension of the deadline for card data storage and tokenisation implementation by another three months to September 30, 2022.
Read More
Inflation expected to remain higher than RBI tolerance level till Dec: Sha
Updated : 6 days, 7 hours ago IST
New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India (RBI) upper tolerance level of 6 per cent till December 2022, RBI Governor Shaktikanta Das has said.
Read More
India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 6 days, 10 hours ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
Read More
RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 6 days, 13 hours ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
Read More
