Articles about Reserve Bank Of India (RBI)
06 May 2022Business
Indian consumers are likely to bear face an extra burden on their pockets as the country's FMCG giant Hindustan Unilever (HUL) raised product prices by up to 15% across categories, CNBC-TV18 reported on Friday.
06 May 2022Business
Apple users in India will no longer be able to use credit or debit cards to pay for subscriptions and app purchases. The change comes as a result of the Reserve Bank of India's (RBI) new auto-debit rules.
08 Apr 2022Business
The Reserve Bank of India on Friday kept the benchmark repo rate unchanged at 4% for the 11th time in a row.
11 Feb 2022Business
Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions.
10 Feb 2022Business
The Reserve Bank of India (RBI) kept the repo rate unchanged at 4% for the 10th time in a row in its monetary policy review meeting on Thursday.
29 Nov 2021Business
The Centre said Monday that it has no proposal to recognize Bitcoin as a currency in the country.
23 Nov 2021India
The central government will table a bill to ban cryptocurrencies in the upcoming Winter Session of Parliament.
16 Nov 2021India
The Centre's investigation into the Pandora Papers revelations is gathering pace with the Income Tax Department sending notices to most Indians named in the exposé.
14 Nov 2021Business
Prime Minister Narendra Modi on Saturday chaired a key meeting on the cryptocurrency sector.
29 Oct 2021Business
The Indian government has reappointed Shaktikanta Das as the Governor of the Reserve Bank of India (RBI) for a period of three years.
27 Sep 2021Business
Several new banking and other rules will come into effect from October 1.
23 Sep 2021Business
If you use your credit/debit cards or mobile wallets for recurring auto-payments, an important change is coming next month.
14 Sep 2021Business
India and Singapore will link their respective fast payment systems - Unified Payments Interface (UPI) and PayNow - to enable users to make instant, low-cost fund transfers on a reciprocal basis, the Reserve Bank said on Tuesday.
06 Aug 2021Business
Reserve Bank Governor Shaktikanta Das on Friday made a strong case for continued fiscal, monetary and sectoral support to nurture the "nascent and hesitant" economic recovery while retaining the growth projection for the current fiscal at 9.5 percent.
28 Jul 2021Business
The Indian government on Wednesday cleared amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961, thus providing a big relief to the customers of failed or stressed banks.
26 Jul 2021Business
The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of the COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday.
25 Jul 2021India
All important banking transactions such as salary, pension, and Equated Monthly Installment (EMI) payments will take place 24X7 from August 1.
15 Jul 2021Business
In a major supervisory action, the Reserve Bank of India on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, debit, and prepaid cards from July 22 for its failure to comply with data storage norms.
29 Jun 2021India
The country's largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts.
04 Jun 2021Business
The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 4 percent in an attempt to "support growth and keep inflation within the target" amid India's COVID-19 crisis.
10 Feb 2021Business
The amount of money that the top 100 wilful defaulters owe banks increased in FY20, as compared to a year earlier. The defaulters owe Rs. 84,632 crore to lenders, up from FY19's figure of Rs. 80,344 crore.
05 Feb 2021Business
Benchmark indices made history on Friday, just before Reserve Bank of India (RBI) Governor Shakitkanta Das announced the decisions of the Monetary Policy Committee (MPC).
05 Feb 2021Business
Reserve Bank of India (RBI) has decided to leave key rates unchanged, Governor Shaktikanta Das said on Friday, in his first address after the Union Budget was presented on Monday.
30 Jan 2021Business
After leaving Indians with no choice but to embrace digital transactions, the government is poised to ban cryptocurrencies.
02 Jan 2021India
The Enforcement Directorate (ED) on Friday attached properties worth Rs. 72 crore of Pravin Raut, in connection to the PMC Bank scam. As per the agency, his wife Madhuri gave Rs. 55 lakh to Varsha Raut, the wife of Shiv Sena leader Sanjay Raut.
28 Dec 2020India
In connection to the Punjab and Maharashtra Co-operative (PMC) Bank money laundering case, the Enforcement Directorate (ED) has issued summons to Varsha Raut, the wife of Shiv Sena's firebrand leader Sanjay Raut.
24 Dec 2020Business
The Indian economy, which was dealt a heavy blow by the coronavirus pandemic, is recovering faster than expected and could also register a minor positive growth in the third quarter of the current fiscal year, the Reserve Bank of India (RBI) said.
24 Dec 2020India
The unfortunate demise of three people in Telangana, allegedly due to harassment of loan sharks, led police to unearth a multi-crore scam.
04 Dec 2020Business
On Friday, the Reserve Bank of India revised the real GDP growth projection for 2020-21 to -7.5%, after initially predicting that it would be -9.5%.
26 Nov 2020Business
RBI Governor Shaktikanta Das is happy with the way the Indian economy is performing. On Thursday, he said that the pick-up in recovery has been stronger than expected.
25 Nov 2020Business
The Union Cabinet on Wednesday approved the amalgamation of the crisis-hit Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL), the Indian arm of Singapore's DBS Bank.
17 Nov 2020Business
The Centre on Tuesday placed Tamil Nadu-based private sector lender Lakshmi Vilas Bank (LVB) under a moratorium for a period of one month, the Ministry of Finance said.
13 Nov 2020Business
Reliance Industries will be investing $50 million (approximately Rs. 373 crore) in Breakthrough Energy Ventures, a firm established by billionaire philanthropist Bill Gates in 2015 to battle climate change.
12 Nov 2020India
Union Finance Minister Nirmala Sitharaman on Thursday announced a fresh economic stimulus to spur economic growth and boost demand.
12 Nov 2020Business
India likely entered into a technical recession for the first time in its history at the end of the first half of 2020-21, according to the Reserve Bank of India (RBI).
09 Nov 2020Business
Four years after the demonetization move was announced, not much has changed in terms of cash available in the Indian system. On the fortnight ending October 23, 2020, notes worth a staggering Rs. 26.19 lakh crore remained with the public, despite the government pushing for digital transactions.
31 Oct 2020India
Former Finance Secretary Subhash Chandra Garg on Saturday blamed Finance Minister Nirmala Sitharaman for his sudden transfer from the Ministry.
09 Oct 2020Business
RBI Governor Shaktikanta Das on Friday announced Monetary Policy Committee's decisions and spoke about the revival of the coronavirus-battered Indian economy.