Articles about Reserve Bank Of India (RBI)

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.

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.

The Reserve Bank of India on Friday kept the benchmark repo rate unchanged at 4% for the 11th time in a row.

Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions.

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.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4%.

The Centre said Monday that it has no proposal to recognize Bitcoin as a currency in the country.

The central government will table a bill to ban cryptocurrencies in the upcoming Winter Session of Parliament.

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.

Prime Minister Narendra Modi on Saturday chaired a key meeting on the cryptocurrency sector.

The Indian government has reappointed Shaktikanta Das as the Governor of the Reserve Bank of India (RBI) for a period of three years.

Several new banking and other rules will come into effect from October 1.

If you use your credit/debit cards or mobile wallets for recurring auto-payments, an important change is coming next month.

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.

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.

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.

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.

All important banking transactions such as salary, pension, and Equated Monthly Installment (EMI) payments will take place 24X7 from August 1.

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.

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.

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.

The Monetary Policy Committee (MPC) of the Reserve Bank of India today kept the repo rate unchanged at 4 percent and maintained its accommodative stance for as long as necessary to sustain growth.

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.

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).

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.

After leaving Indians with no choice but to embrace digital transactions, the government is poised to ban cryptocurrencies.

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.

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.

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.

The unfortunate demise of three people in Telangana, allegedly due to harassment of loan sharks, led police to unearth a multi-crore scam.

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%.

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.

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.

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.

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.

Union Finance Minister Nirmala Sitharaman on Thursday announced a fresh economic stimulus to spur economic growth and boost demand.

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).

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.

Former Finance Secretary Subhash Chandra Garg on Saturday blamed Finance Minister Nirmala Sitharaman for his sudden transfer from the Ministry.

RBI Governor Shaktikanta Das on Friday announced Monetary Policy Committee's decisions and spoke about the revival of the coronavirus-battered Indian economy.