Reserve Bank of India (RBI)

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

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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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November inflation rises to 15-month high of 4.88%, breaching RBI mid-term ceiling

India's retail inflation in November breached the Reserve Bank of India's medium-term target of 4 percent.

Dec 12, 2017

Morgan Stanley expects India's GDP growth to accelerate to 7.5 percent in 2018

India's private capital spending and demand conditions are gradually recovering after the new tax regime and cash ban had disrupted economic growth for a short term.

Dec 8, 2017

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Small shops will now pay less fee on debit card payments as RBI rejigs merchant discount rate

The new rates will be effective from 1st January 2018.

Dec 7, 2017

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RBI holds repo rate unchanged at 6%, maintains neutral stance

Following the decision, the benchmark repo rate stands at 6 percent, and the reverse repo rate remains unchanged at 5.75 percent and the central bank maintained a neutral policy stance.

Dec 6, 2017

Bitcoin surpasses $12,000: RBI issues warning, says issued no licence to operate virtual currencies

The RBI further stated that "no regulatory approvals, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities."

Dec 6, 2017

GST confusion over: Govt projects economy to grow at 6.75-7.5 percent this year

India's economy expanded 6.3 percent year-on-year in the third quarter of 2017, up from 5.7 percent the previous quarter which was the lowest in the last three years.

Dec 1, 2017

RBI allows banks to rely on provisional ratings for giving further loans to distressed companies

According to a Union finance ministry official, March 31 may be the deadline given to commercial banks to find a solution or initiate bankruptcy proceedings against the borrowers.

Nov 28, 2017

RBI sets March deadline for banks to provision against second list of bad loans

According to rules, banks need to do 50 percent provisioning against secured loans it has provided and 100 percent when it comes to unsecured exposures.

Nov 21, 2017

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