Articles about Reserve Bank Of India (RBI)
04 Jun 2021
RBI keeps repo rate at 4%, cuts GDP growth projection
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.
07 Apr 2021
RBI MPC keeps repo rate unchanged at 4%
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.
10 Feb 2021
Top 100 wilful defaulters owe Rs. 84,632 crore to banks
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 2021
Sensex breaches the 51,000-mark; Nifty surges past 15,000
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 2021
Repo rate untouched, 10.5% GDP growth predicted in 2021-22
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 2021
Government attempts to ban Bitcoin again; Considers digitizing the rupee
After leaving Indians with no choice but to embrace digital transactions, the government is poised to ban cryptocurrencies.
02 Jan 2021
PMC Bank: Money trail leading to Sanjay Raut's wife unearthed
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 2020
PMC Bank scam: Sanjay Raut's wife summoned by Enforcement Directorate
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 2020
RBI says Indian economy recovering faster than expected
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 2020
Harassed by loan sharks, debtors commit suicide, unearthing multi-crore scam
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 2020
RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged
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 2020
RBI Governor Shaktikanta Das happy with Indian economy's recovery
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 2020
Cabinet clears crisis-hit Lakshmi Vilas Bank's merger with DBS Bank
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 2020
Lakshmi Vilas Bank under moratorium; withdrawals capped at Rs. 25,000
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 2020
RIL to invest $50mn in Bill Gates-owned Breakthrough Energy Ventures
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 2020
'Atmanirbhar' stimulus: Employment, income-tax relief for home-buyers, boost for vaccine
Union Finance Minister Nirmala Sitharaman on Thursday announced a fresh economic stimulus to spur economic growth and boost demand.
12 Nov 2020
In a first, India enters technical recession, says RBI
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 2020
Four years after demonetization, cash in system at all-time high
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 2020
Nirmala Sitharaman wanted me out of FinMin, says Ex-Finance Secretary
Former Finance Secretary Subhash Chandra Garg on Saturday blamed Finance Minister Nirmala Sitharaman for his sudden transfer from the Ministry.
09 Oct 2020
Repo rate unchanged; RTGS payment will be available 24*7: RBI
RBI Governor Shaktikanta Das on Friday announced Monetary Policy Committee's decisions and spoke about the revival of the coronavirus-battered Indian economy.
01 Oct 2020
Credit, debit card rules changed from today: Check details here
In a bid to make online transactions more secure and promote digital payments, the Reserve Bank of India (RBI) has changed several rules pertaining to credit and debit cards, which will come into effect from today, October 1.
14 Sep 2020
India's retail inflation dips marginally to 6.69% in August
India's retail inflation stood at 6.69% in August, according to data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday.
01 Sep 2020
2 lakh Ola, Uber drivers go on strike in Delhi-NCR
Nearly two lakh drivers of cab aggregator services Ola and Uber in the Delhi-NCR region have decided to go on strike starting Tuesday.
31 Aug 2020
West Bengal: Total lockdown for 3 days in September
The West Bengal government on Monday issued guidelines extending the lockdown in containment zones in the state till September 30 to stem the spread of the novel coronavirus.
26 Aug 2020
Not even one Rs. 2,000 note printed in 2019-20
Four years after they were introduced, the circulation and printing of Rs. 2,000 notes have declined sharply with not even a single one being printed by Reserve Bank of India's (RBI) currency note presses in the 2019-20 fiscal year, the annual report of the top bank said this week.
06 Aug 2020
As economy suffers, RBI keeps repo rate unchanged
On Thursday, RBI Governor Shaktikanta Das announced that repo rate and reverse repo rate will not change, a move which would keep retail prices contained.
04 Aug 2020
WhatsApp finally meets requirements to roll out payments in India
WhatsApp may finally get the go-ahead to launch payments in India.
20 Jul 2020
Prices of potatoes and tomatoes surge, courtesy poor crop, lockdown
While last year, prices of onions induced tears among Indian households, this year potatoes and tomatoes are responsible for the same.
15 Jun 2020
WhatsApp launches payments in Brazil, ahead of India
WhatsApp has launched its peer-to-peer payments service for users across Brazil.
03 Jun 2020
Courtesy coronavirus, hotel industry stares at oblivion; recovery unlikely soon
In the months to come, nations are bound to ease restrictions. Some, like India, have already started. But it will be long before the hotel industry bounces back to the pre-coronavirus days.
22 May 2020
Amid coronavirus crisis, RBI extends loan moratorium till August
Addressing the media on Friday, RBI Governor Shaktikanta Das said the central bank has brought down the repo rate by 40 basis points.
05 May 2020
WhatsApp Pay may finally be launched this month: Details here
WhatsApp's much-coveted digital payments service, WhatsApp Pay, may finally be launched by the end of this month.
20 Apr 2020
#LockdownRelaxation: Industries which will be operational from April 20
India entered the second phase of the coronavirus-enforced lockdown on April 15, after Prime Minister Narendra Modi announced the extension of the nationwide lockdown till May 3 to contain the spread of the deadly COVID-19.
17 Apr 2020
More services to be allowed after April 20: Details here
The Centre has revised the list of what will be allowed after April 20 in areas where the impact of coronavirus is the least. Non-banking finance corporations and micro-finance institutions will be allowed to resume.
17 Apr 2020
Coronavirus: Stimulus 2.0 in mind, Modi and Sitharaman hold talks
With economic activity coming to a standstill for almost a month due to the coronavirus pandemic, Finance Minister Nirmala Sitharaman on Thursday met Prime Minister Narendra Modi to discuss a package that could keep the wheels churning.
27 Mar 2020
RBI's 3-month EMI moratorium: All you need to know
Earlier in the day, the Reserve Bank of India (RBI) announced a few measures in view of the 21-day lockdown over coronavirus.
27 Mar 2020
Coronavirus: Day after Centre's economic package, RBI cuts repo rate
RBI has cut repo rate by 75 basis points, bringing it down from 5.15% to 4.4%, Governor Shaktikanta Das told media at a briefing on Friday. The reverse repo rate was reduced by 90 basis points to 4%.
18 Mar 2020
Yes Bank resumes full banking services as RBI lifts moratorium
The ailing private lender Yes Bank on Wednesday confirmed that its banking services are now fully operational.
16 Mar 2020
India not immune to economic impact of COVID-19: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.
16 Mar 2020
RBI's new rules for debit, credit cards take effect today
Starting today, a set of new rules will apply to debit and credit cards to increase security and reduce the risks of cyber fraud.