Search For "reserve bank of india"
RBI imposed restrictions on Mastercard from onboarding new custome
Updated : 1 week, 5 days ago IST
New Delhi [India], July 14 (ANI): Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers (debit, credit or prepaid) onto its network from July 22 for non-compliance with 'directions on Storage of Payment System Data'.
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Benefit from the renewal facility offered by Bajaj Finance Online
Updated : 2 weeks ago IST
Pune (Maharashtra) [India], July 12 (ANI/NewsVoir): The Reserve Bank of India (RBI) on Friday, July 2, made some noteworthy changes regarding the interest on the amount left unclaimed with the bank after a term deposit (TD)/Fixed Deposit (FD) matures. According to the new rules if a customer
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'We are in process to setup small finance bank which will take ove
Updated : 2 weeks ago IST
New Delhi [India], July 12 (ANI): The Reserve Bank of India on Monday said it has given "in-principle" approval to one Centrum Financial Services Ltd (CFSL) to set up a small finance bank (SFB), which will take over the beleaguered Punjab and Maharashtra Cooperative Bank (PMC Bank) very s
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RBI issues advisory to banks emphasising need for preparedness for
Updated : 2 weeks, 4 days ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) on Thursday issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from the London Interbank Offered Rate (LIBOR).
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RBI imposes penalties on SBI, 13 banks for violation of rules
Updated : 2 weeks, 4 days ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules.
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RBI to conduct Rs 20,000 crore bond purchase on July 8
Updated : 2 weeks, 6 days ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8.
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India's current account balance records deficit of USD 8.1 billion
Updated : 3 weeks, 5 days ago IST
New Delhi [India], June 30 (ANI): India's current account balance (CAB) recorded a deficit of USD 8.1 billion for the fourth quarter of the financial year 2020-21, which is 1 per cent of the Gross Domestic Product (GDP), according to data released by Reserve Bank of India on Wednesday.
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S&P lowers India FY22 GDP growth forecast to 9.5 pc
Updated : 1 month ago IST
Singapore, June 24 (ANI): S&P Global Ratings on Thursday revised its GDP growth forecast for India to 9.5 per cent for the fiscal year ending March 31, 2022 due to a severe Covid-19 pandemic wave.
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Raghuram Rajan, Esther Duflo to advice TN government to reverse st
Updated : 1 month ago IST
Chennai (Tamil Nadu) [India], June 21 (ANI): The Tamil Nadu government is planning to constitute an 'Economic Advisory Council' to the Chief Minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advice the state on h
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Reliance Home Finance takes up resolution plan approved by lenders
Updated : 1 month ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The board of directors at Reliance Home Finance (RHF) on Monday took note of a resolution plan approved by lenders under the Reserve Bank of India's (RBI's) prudential framework for resolution of stressed assets.
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Real GDP growth likely to be 8.7 pc in FY22: Motilal Oswal
Updated : 1 month, 1 week ago IST
Mumbai (Maharashtra) [India], June 19 (ANI): Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier.
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RBI gives nod to Centrum Financial Services for small finance bank
Updated : 1 month, 1 week ago IST
Mumbai (Maharashtra) [India], June 18 (ANI): The Reserve Bank of India (RBI) on Friday decided to grant in-principle approval to Centrum Financial Services Ltd to set up a small finance bank.
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