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RBI to SC: Freedom given for different treatment for aviation, automobile, roads

New Delhi, Oct 10 (IANS) Citing Kamath Committee recommendations, the Reserve Bank of India (RBI) h…

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3 mins read

Lakshmi Vilas Bank under moratorium— RBI caps maximum deposit or withdrawal at ₹25,000

The Centre issued the moratorium notification under Section 45 (2) of the Banking Regulation Act…

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2 mins read

RBI issues guidelines for Ind AS implementation by NBFCs, ARCs

"The RBI expects the board of directors to approve sound methodologies for computation of expected…

PTI   


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Nearly 200 high-paying officer-level jobs have opened up at the Reserve Bank of India

The Reserve Bank of India (RBI) has put out an official notification for recruitment of Officers in…

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1 min read

Cabinet approves reconstruction scheme for Yes Bank as proposed by RBI

Sitharaman said the scheme has been approved with the objective of protecting the interest of depo…

PTI   


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4 mins read

Yes Bank placed under moratorium; RBI supersedes board

"The Reserve Bank came to the conclusion that in the absence of a credible revival plan, and in pu…

PTI   


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3 mins read

RBI Governor advocates for a legally-backed 'resolution corporation' to deal with stressed financial firms

However, after a year, the government decided to withdraw the bill as there were concerns raise…

PTI   


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1 min read

As interest rates decline, government plans withdraw 7.75% Savings Taxable Bonds scheme

The government has decided to withdraw 7.75 per cent Savings (Taxable) Bonds scheme from the close …

PTI   


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1 min read

RBI launches new prepaid payment instrument for digital transactions

Mumbai, Dec 24 () The Reserve Bank on Tuesday introduced a new semi-closed prepaid payment instrume…

PTI   


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1 min read

RBI extends interest subsidy scheme for exporters till March 31, 2021

"The exporters have to borrow for longer period and therefore reduction in interest rate by 5 per …

PTI   


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Over 99 pc depositors of CKP Bank will get full payment: RBI

The RBI action on the bank had come over seven months after it placed the city-based Punjab and Mah…

PTI   


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Debit and Credit card rules revised: Everything you need to know

With the new rules, the RBI aims to reduce the likelihood of fraud on unsuspecting users by enab…

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2 mins read

Yes Bank mobile and net banking down after RBI limits withdrawals to ₹50,000

In a busy day for Yes Bank, withdrawals were capped at ₹50,000 in the evening today, March 5, by …

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4 mins read

Not prudent to go for forced waiver of interest, risking financial viability of banks: RBI to SC

"It is submitted that the regulatory dispensations permitted by the Reserve Bank of India vide the…

PTI   


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1 min read

RBI revises exposure limits for urban cooperative banks to single, group borrowers

"On a review, it has been decided that the prudential exposure limits for UCBs for a single borrow…

PTI   


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SC issues notice to Centre, RBI on plea against interest on loans during moratorium

The plea, filed by Agra resident Gajendra Sharma, has sought a direction to declare the portion of …

PTI   


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1 min read

Help for the visually impaired: How to use MANI to identify denomination of currency notes

The MANI app has some pre-defined vibration alerts to help users identify currency denominatio…

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1 min read

RBI caps lending on P2P platforms at Rs 50 lakh

Mumbai, Dec 23 () To protect consumers interest, the Reserve Bank on Monday said that on a peer-to-…

PTI   


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RBI proposes new prepaid card for transactions up to Rs 10,000

Mumbai, Dec 5 () The Reserve Bank on Thursday proposed to introduce a prepaid payment instrument (P…

PTI