Articles about Reserve Bank Of India (RBI)

Hindustan Unilever hikes product prices for second time within month

06 May 2022

Business
Hindustan Unilever hikes product prices for second time within month

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 stops accepting credit or debit cards for subscriptions, purchases

06 May 2022

Business
Apple stops accepting credit or debit cards for subscriptions, purchases

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.

RBI keeps key interest rates unchanged for 11th consecutive time

08 Apr 2022

Business
RBI keeps key interest rates unchanged for 11th consecutive time

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

Taxing cryptocurrency is government's sovereign right: FM Sitharaman

11 Feb 2022

Business
Taxing cryptocurrency is government's sovereign right: FM Sitharaman

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

RBI maintains lending rates; 7.8% GDP growth projected in 2022-23

10 Feb 2022

Business
RBI maintains lending rates; 7.8% GDP growth projected in 2022-23

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.

RBI keeps repo rate unchanged at 4%

08 Dec 2021

Business
RBI keeps repo rate unchanged at 4%

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

No proposal to recognize Bitcoin: Finance Ministry tells Parliament

29 Nov 2021

Business
No proposal to recognize Bitcoin: Finance Ministry tells Parliament

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

Centre announces bill to ban cryptocurrencies before Parliament's Winter Session

23 Nov 2021

India
Centre announces bill to ban cryptocurrencies before Parliament's Winter Session

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

Pandora Papers probe begins; I-T notices sent to Indians, NRIs

16 Nov 2021

India
Pandora Papers probe begins; I-T notices sent to Indians, NRIs

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.

Modi's cryptocurrency meet: Caution over terror financing; 'progressive' steps promised

14 Nov 2021

Business
Modi's cryptocurrency meet: Caution over terror financing; 'progressive' steps promised

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

Shaktikanta Das reappointed RBI governor for 3 more years

29 Oct 2021

Business
Shaktikanta Das reappointed RBI governor for 3 more years

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

Some banking rules that will change from next month (October)

27 Sep 2021

Business
Some banking rules that will change from next month (October)

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

New rule introduced for auto-debit transactions from October 1

23 Sep 2021

Business
New rule introduced for auto-debit transactions 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, Singapore launch project to link UPI and PayNow

14 Sep 2021

Business
India, Singapore launch project to link UPI and PayNow

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.

RBI retains growth at 9.5%, advocates support to nurture recovery

06 Aug 2021

Business
RBI retains growth at 9.5%, advocates support to nurture recovery

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.

Depositors to get Rs. 5L insurance if bank under moratorium

28 Jul 2021

Business
Depositors to get Rs. 5L insurance if bank under moratorium

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.

No plans to print currency notes: Sitharaman on economic crisis

26 Jul 2021

Business
No plans to print currency notes: Sitharaman on economic crisis

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.

Salary, pension, EMI rules changing; all you need to know

25 Jul 2021

India
Salary, pension, EMI rules changing; all you need to know

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

RBI bars Mastercard from issuing new cards from July 22

15 Jul 2021

Business
RBI bars Mastercard from issuing new cards from July 22

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.

SBI will charge beyond four free cash withdrawals every month

29 Jun 2021

India
SBI will charge beyond four free cash withdrawals every month

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.

RBI keeps repo rate at 4%, cuts GDP growth projection

04 Jun 2021

Business
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.

RBI MPC keeps repo rate unchanged at 4%

07 Apr 2021

Business
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.

Top 100 wilful defaulters owe Rs. 84,632 crore to banks

10 Feb 2021

Business
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.

Sensex breaches the 51,000-mark; Nifty surges past 15,000

05 Feb 2021

Business
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).

Repo rate untouched, 10.5% GDP growth predicted in 2021-22

05 Feb 2021

Business
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.

Government attempts to ban Bitcoin again; Considers digitizing the rupee

30 Jan 2021

Business
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.

PMC Bank: Money trail leading to Sanjay Raut's wife unearthed

02 Jan 2021

India
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.

PMC Bank scam: Sanjay Raut's wife summoned by Enforcement Directorate

28 Dec 2020

India
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.

RBI says Indian economy recovering faster than expected

24 Dec 2020

Business
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.

Harassed by loan sharks, debtors commit suicide, unearthing multi-crore scam

24 Dec 2020

India
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.

RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged

04 Dec 2020

Business
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%.

RBI Governor Shaktikanta Das happy with Indian economy's recovery

26 Nov 2020

Business
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.

Cabinet clears crisis-hit Lakshmi Vilas Bank's merger with DBS Bank

25 Nov 2020

Business
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.

Lakshmi Vilas Bank under moratorium; withdrawals capped at Rs. 25,000

17 Nov 2020

Business
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.

RIL to invest $50mn in Bill Gates-owned Breakthrough Energy Ventures

13 Nov 2020

Business
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.

'Atmanirbhar' stimulus: Employment, income-tax relief for home-buyers, boost for vaccine

12 Nov 2020

India
'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.

In a first, India enters technical recession, says RBI

12 Nov 2020

Business
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).

Four years after demonetization, cash in system at all-time high

09 Nov 2020

Business
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.

Nirmala Sitharaman wanted me out of FinMin, says Ex-Finance Secretary

31 Oct 2020

India
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.

Repo rate unchanged; RTGS payment will be available 24*7: RBI

09 Oct 2020

Business
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.

Prev
1 2 3 4 5 6
Next