Reserve Bank Of India (RBI): News

18 Nov 2016

India

Panel looks into NRIs and tourists demonetization hassles

The Ministry of External Affairs (MEA) said an inter-ministerial committee has been formed to study concerns of tourists, NRIs and foreign missions with regards to demonetization.

17 Nov 2016

Shiv Sena

What was Mumbai upto on 17th Nov?

Government is feeling demonetization blues as much as everyone else in the country.

15 Nov 2016

Delhi

Here is all that kept Delhi busy

Delhi's air quality showed signs of improvement after 20 days due to a change in direction of winds.

15 Nov 2016

India

2016: India witnesses highest asset sales

Market data reveals that India has chronicled the highest number of asset sales this year than in any other year after the country witnessed liberalization.

12 Nov 2016

Business

RBI eases rules for stressed asset resolution schemes

The Reserve Bank of India (RBI) has eased the rules for various stressed asset resolution schemes and extended the scope of a loan recast plan that was previously limited to the infrastructure industry.

09 Nov 2016

Uttar Pradesh

Gold sees a sharp rise

Demonetization announced on November 8 has begun to impact precious metals.

07 Nov 2016

India

SBI: Vindhyavasini Group's default payments cross Rs.1,000 crore

India's largest public-sector bank, SBI, revealed that Mumbai-based Vindhyavasini Group has defaulted in payments of over Rs.1,000 crore to the bank.

07 Nov 2016

India

Rs.1 note now printed at a profit

In an RTI filing, the RBI revealed that two mints charge different amounts for printing the same currency notes.

02 Nov 2016

India

SBI slashes home loan rates: Cheapest in the market

Bringing much cheer to India's home loan borrowers, the State Bank of India (SBI) slashed their interest rates by 0.15 percent, reports said.

01 Nov 2016

India

PNB set to issue bonds worth Rs.6,000 crore

Punjab National Bank announced plans to launch a massive bond issue to help raise funds amounting to Rs.6,000 crore.

24 Oct 2016

India

India's sixth tranche of gold bond scheme opens

Starting today, the Government of India, along with the Reserve Bank of India launched its sixth tranche of the gold scheme.

19 Oct 2016

Mumbai

RBI looks to tackle growth over inflation

In its first monetary policy meeting, the RBI said that all of the monetary policy committee's members had voted in favour of the repo rate cut that was announced earlier this month.

11 Oct 2016

Punjab

RBI's approval to restructure food credit given to Punjab

The Reserve Bank of India (RBI) has approved the proposal to restructure food credit of Rs.30,000 crore allocated to Punjab.

Need to remove hurdles to achieve 8% sustainable growth

Speaking at the 32nd India Economic Summit, Commerce and Industry Minister Nirmala Sitharaman said Indian economy can achieve an 8% sustainable growth in the coming years.

04 Oct 2016

India

RBI cuts repo rate to 6.25%, markets rally

The Reserve Bank of India cut its repo rate by 25 basis points to lower it to 6.25%.

02 Oct 2016

Karnataka

Kotak to acquire micro finance company

Kotak Mahindra Bank (Kotak) is in discussions to acquire a Karnataka based micro finance company, BSS Microfinance.

01 Oct 2016

Mumbai

RBI directs banks to publish photos of only wilful defaulters

The Reserve Bank of India directed lenders and other financial banking institutions to not resort to publishing photographs of all defaulters indiscriminately.

27 Sep 2016

India

RBI seeks regulator for spot exchanges

RBI has requested the Finance Ministry to appoint a regulator for monitoring spot exchanges in the country.

16 Sep 2016

India

Indian rupee takes a hit on reports of devaluation

The Indian rupee plunged on 15th Sep when media channels reported that a possible devaluation of the rupee was in the cards.

05 Sep 2016

India

RBI looks to explore Islamic banking and finance

The Reserve Bank of India proposed measures to adopt interest-free banking that will open Islamic finance in India, tackling banking exclusions pitched under religious reasons.

29 Aug 2016

India

A data leak and an earthquake mar this week

A massive leak of the technical details of India's Scorpene submarines severely hurt India's national security after The Australian made the details public.

17 Aug 2016

RuPay

Government to bear debit, credit card payment transaction costs

On Tuesday, a memorandum issued by the finance ministry stated that the Government will bear the transaction cost for all payments made to it through debit or credit cards and net banking.

17 Aug 2016

India

WPI witnesses steep climb to touch 23-month high

India's Wholesale Price Index (WPI), the measure used to gauge inflation levels in certain economies and understand the price of goods, peaked to a 23-month high in July.

PSU Bank hacking attempt

During 'Question Hour' in Lok Sabha Finance Minister Arun Jaitley informed MPs that there was a recent hacking attempt of a PSU Bank but it was foiled.

02 Aug 2016

India

RBI issues new guidelines for on-tap bank licenses

The Reserve Bank of India (RBI) came up with new guidelines for on-tap bank licensing paving way for those who are interested in seeking licenses whenever required.

01 Aug 2016

Lok Sabha

Government to move an amendment bill to strengthen debt recovery

In a bid to strengthen debt recovery laws, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions Bill, 2016 has been cleared in Lok Sabha through a voice vote.