RBI

RBI directs Visa, MasterCard to store data in India

India requires stringent data storage rules so that it can better access data and conduct investigations when the need arises.

Jun 27, 2019

RBI launches new complaints portal; here is how you can air banking grievances

The public can use the portal to lodge complaints related to any RBI regulated banks or firms

Jun 25, 2019

RBI deputy governor Viral Acharya resigns; 'Poor man's Rajan' to return to US

Viral Acharya, who was fondly called 'the poor man's, Raghuram Rajan', had made strong calls for RBI's independence.

Jun 24, 2019

Facebook CEO Mark Zuckerberg at F8 conference

Why is Facebook going back on plans to launch crypto Libra in India?

Facebook's crypto is not designed to be a closed system and is meant for transactions in the external economy, which concerns RBI.

Jun 20, 2019

RBI to raise cap for easy loans under Mudra to Rs 20 lakh; will it increase bad debt?

The Pradhan Mantri Mudra Yojana (PPMY) was launched by Prime Minister Narendra Modi with an aim to provide easy loans to non-corporate, non-farm small and micro-enterprises.

Jun 19, 2019

UCO Bank names Yash Birla as wilful defaulter; here's why RBI won't approve additional funds

UCO Bank also revealed the names of seven wilful defaulters who have total unpaid dues of Rs 740 crore. The names include Mehul Choksi, Manoj Jayaswal and Abhishek Jayaswal.

Jun 17, 2019

India has 597 ATMs less in 2019 than 2017: RBI report

India also has one of the lowest ratios of ATM cash withdrawal relative to cash in circulation, revealed the report titled "Benchmarking India's Payment Systems".

Jun 8, 2019

Relief for lenders as RBI relaxes stressed asset guidelines

A circular issued in February last year required banks to initiate a resolution process as soon as a default took place.

Jun 8, 2019

Reactions | Here's what economists take from RBI's monetary policy statement

There were varying pre-estimations by economists, bankers, corporate owners and traders on their expectations from the monetary policy committee.

Jun 6, 2019

RTGS, NEFT transaction charges scrapped; RBI directs banks to pass on benefits

As far as charges on transactions are concerned, there will be more good news for customers as the RBI declared that it was setting up a panel to review charges imposed by banks on ATM withdrawals.

Jun 6, 2019

BJP 2.0 and markets: Investors with long-term view to reap great returns

After BJP's triumph in the Lok Sabha elections 2019, the market has given initial reaction to the political outcome and it may last for another couple of days.

May 27, 2019

Be more transparent: Supreme Court raps RBI in final warning

The court also ordered the bank to withdraw its non-disclosure policy, which is in violation of its 2015 judgment.

Apr 26, 2019

New RBI governor Shaktikanta Das. Photo: Reuters

RBI to remain watchful on growth, financial stability: Shaktikanta Das

The Reserve Bank of India (RBI) will remain vigilant and strive to revive growth in Asia's third-largest economy, as well as pushing to maintain macroeconomic, financial and price stability, its governor said in a speech on Friday.

Apr 13, 2019

Banks may resist RBI pressure to cut lending rate despite repo rate reduction

Bankers believe reducing the interest rate on advances without cutting rates on deposit will affect banks' ability to lend more unless SLR or CRR is eased.

Feb 19, 2019

RBI malware warning: Refrain from installing 'AnyDesk' mobile app or else risk losing bank balance

RBI has warned major banks to alert their customers about the massive security flaw in AnyDesk app that can syphon-off their hard-earned savings.

Feb 18, 2019

Yes Bank shares zoom nearly 30% on clean score in RBI's divergence report

Investors who took huge risk after the drubbing the Yes Bank stock got in the recent past were in for a surprise on Thursday.

Feb 14, 2019

Dovish RBI policy to help poll-bound Modi government: Key points

By loosening liquidity and softening the outlook, the reserve bank has administered the right medicine foe the government's election year pangs.

Feb 7, 2019

Kochhar denies guilt after ICICI Bank fires her with retrospective effect

The core of the allegations against Kochhar is that a part of the 'dirty loan' went to a company run by her husband Deepak Kochhar.

Jan 31, 2019

Cobrapost expose says DHFL involved in Rs 31,000 crore loan scam

The scam was carried out by getting loans sanctioned and then sending money to shell companies related to DHFL stakeholders.

Jan 30, 2019

Banks sell bad debt at fire sale prices; it isn't good news for Modi

This development is bad news for Prime Minister Narendra Modi, who is keen to get banks lending more to stimulate the economy and create more jobs ahead of an election due by May this year.

Jan 28, 2019

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RBI