Reserve Bank of India (RBI)

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Is RBI planning to launch its own cryptocurrency code-named Lakshmi?

If introduced, Lakshmi would run on an implementation of the blockchain technology, which is the backbone of digital currencies like bitcoins.

Apr 6, 2018

RBI monetary policy review: Repo rate unchanged at 6 percent

The Reserve Bank of India on Thursday kept its key lending rate, the repo rate, unchanged at 6 percent.

Apr 5, 2018

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Banks may be charging a flat fee for SMS alerts -- illegally

The uniform billing by some of the lenders for SMS alerts is against the Reserve Bank of India's advisory.

Apr 5, 2018

No respite for borrowers as RBI links base rate with MCLR

The move comes at a time when the interest rates are poised to rise after nearly four years easing cycle, according to market experts.

Apr 4, 2018

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What jobs growth? Employment rate actually fell under Modi govt

The employment rate in India shrank by 0.1 percent in the financial year 2015-16 and by 0.2 percent in 2014-15.

Mar 29, 2018

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UPI winning the race: India's homegrown payment system beats Visa, Mastercard

The interface is regulated by the RBI and works by instantly transferring funds between two bank accounts on a mobile platform.

Mar 26, 2018

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New record in outbound remittances: Know how much money Indians send abroad

According to Reserve Bank of India data, outbound remittances by individual residents reached $1.2 billion in January 2018.

Mar 26, 2018

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Indian economy enjoying Goldilocks moment: Are we going the U.S. way?

The latest economic data showed that factories increased production faster while retail inflation eased for the second straight month in February.

Mar 13, 2018

PNB fraud: All state-run banks exposed to Rs 12,000 crore scam

In the light of the Punjab National Bank scam, the Reserve Bank of India has started a special audit of public sector banks.

Mar 12, 2018

RBI slaps Rs 5 crore penalty on Airtel Payments Bank

The decision has been taken as Airtel Payments Bank violated the 'Operating Guidelines' and directions issued by RBI on Know Your Customer norms.

Mar 10, 2018

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Did your mobile wallet stop working? Here is how you can reactivate it by complying with RBI's KYC rules

RBI has made KYC details mandatory for Prepaid Payment Instruments (PPIs), including digital wallets, in order to eliminate money laundering and fraud.

Mar 1, 2018

India's central bank keeps repo rates unchanged at 6%, highlights inflation risks

The Reserve Bank of India also kept the reverse repo rate unchanged at 5.75 percent.

Feb 7, 2018

All Rs 10 coins valid: Here's what RBI said

All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank India (RBI) said.

Jan 17, 2018

Will Aadhaar linking deadline get an extension? UIDAI to hold talks with RBI, Trai

The current deadline to link Aadhaar number with essential services is March 31 which might extend again.

Jan 16, 2018

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Banks likely to sell bad loans to ARCs in bidders' absence

Banks and ARCs, both share a similar opinion that finding potential bidders for the accounts in the second list released by the central bank might be very difficult due to the glut of the stressed assets.

Jan 9, 2018

RBI issues new Rs 10 notes: All you need to know

The new denomination has motif of Sun Temple, Konark on the reverse, depicting the country's cultural heritage.

Jan 5, 2018

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RBI will not allow deadline extension for second list of loan defaulters

The RBI also declined to accept any other demand including the process related to settle the matter and restructure outside the court.

Dec 29, 2017

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At Rs 9.5 lakh crore, bad loans post India at fifth among nations with high NPA problem

India's non-performing assets (NPAs) are one of the highest in the group of 'high-NPA' nations. Only four European nations have higher stressed assets.

Dec 28, 2017

RBI worried over risks to inflation, fiscal uncertainty; don't expect rate cut in near future

The monetary policy committee (MPC) members are concerned about rising crude oil prices, fiscal slippage for the ongoing financial year and rising inflationary expectations of households.

Dec 21, 2017

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WPI inflation reaches 8-month high of 3.93% in November on mounting food prices

It is the highest wholesale inflation since March.

Dec 14, 2017

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