Reserve Bank Of India (RBI): News | Page 4

IAS topper Shah Faesal quits to protest against Kashmir killings

Shah Faesal, a Kashmiri IAS officer who topped the UPSC exam in 2010, has resigned as a civil services officer to protest against the "unabated killings" and "marginalization" of Indian Muslims in Jammu and Kashmir.

09 Jan 2019


India's GDP to grow 7.5% in next two years: World-Bank

India's GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment.

08 Jan 2019


RBI appoints Infosys' Nandan Nilekani as Digital Payments Committee chairman

The Reserve Bank of India (RBI) has created a new committee to look into issues surrounding digital payments in India, and has named Infosys co-founder and former UIDAI chairman Nandan Nilekani as its chairman.

06 Jan 2019


Dry ATMs: Parliamentary panel nudges RBI to fix the problem

A parliamentary panel has asked the Reserve Bank to address the problem of perpetually dysfunctional ATMs so as to avoid any situation of the forced cash crunch.

04 Jan 2019


Railway ticketing, Aadhaar, GST, more: Major policy changes in 2019

Apart from celebrating endings and beginnings, and cooking life-amending resolutions, New year is also a good time to look ahead for official policy changes taking place in the coming year.

02 Jan 2019


Cabinet approves Vijaya Bank, Dena Bank, Bank of Baroda merger

On Wednesday, the Union Cabinet approved the merger of state-run Vijaya Bank and Dena Bank with the larger Bank of Baroda (BoB).

01 Jan 2019

Narendra Modi

Ram Mandir to Urjit Patel: Highlights from PM Modi's interview

As 2018 turned to 2019, Prime Minister Narendra Modi kickstarted the new year with an exclusive interview with news agency ANI.

01 Jan 2019


Paytm Payments Bank back in business after RBI nod

After six months of inactivity, Paytm Payments Bank (PPB) has started adding new customers following a clearance by the Reserve Bank of India (RBI).

30 Dec 2018

Delhi High Court

To help visually-challenged identify banknotes, RBI invites mobile-based solutions

The Reserve Bank of India (RBI) is looking for a mobile phone-based solution to help visually challenged citizens in identifying bank notes.

10 lakh bank employees on strike: All you should know

Nearly 10 lakh bank employees went on a strike on Wednesday, December 26, and it is sure to hit offline services like withdrawing, depositing cash, clearance of cheques and issuance of demand drafts.

25 Dec 2018

Mahatma Gandhi

RBI to release new Rs. 20 note soon: Details here

The Reserve Bank of India (RBI) is soon set to introduce new Rs. 20 note with additional features, according to a document of the central bank.

23 Dec 2018


There could be a nation-wide bank strike on December 26

Almost one million bank employees, including those of private banks, have called for a one-day-long nation-wide strike on December 26 to protest against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.

20 Dec 2018


Here's why RBI stopped Paytm bank from enrolling new customers

Although Paytm got off to a good start with its payments bank initiative, opening of new bank accounts and e-wallets abruptly came to a halt in August this year, thanks to the Reserve Bank of India (RBI).

19 Dec 2018


Didn't fear press: 'Silent PM' Manmohan Singh's jibe at Modi

In an apparent swipe at his successor, Narendra Modi, Dr. Manmohan Singh on Tuesday said he was called the 'silent Prime Minister' but he never shied away from talking to the press.

18 Dec 2018


Athawale: RBI not letting govt give everyone Rs. 15 lakh

In the run up to the 2014 elections, Narendra Modi had promised that every person in the country would receive Rs. 15 lakh if Indians' black money stored in offshore accounts was recovered.

14 Dec 2018

Urjit Patel

Operational independence of central banks important: IMF director

The International Monetary Fund (IMF) yesterday said that "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.

WPI-based inflation falls to 4.64% in November, a three-month low

Inflation based on wholesale prices fell to a three-month low of 4.64% in November, as prices of food articles, especially vegetables, softened.

12 Dec 2018

Shaktikanta Das

Shaktikanta Das takes charge as new RBI Governor

A day after he was appointed as the new Governor of the Reserve Bank of India (RBI), Shaktikanta Das, on Wednesday, took charge of the central bank.

SC dismisses PIL against Finance Minister Arun Jaitley

The Supreme Court today refused to recall its order by which it had imposed a fine of Rs. 50,000 on a lawyer for filing a PIL against Finance Minister Arun Jaitley, raising allegations relating to the capital reserve of the Reserve Bank of India (RBI).

11 Dec 2018

Urjit Patel

Shaktikanta Das becomes the new RBI governor

On Tuesday, Shaktikanta Das was made the Governor of Reserve Bank of India after Urjit Patel resigned on Monday. He will join office immediately.

11 Dec 2018

Raghuram Rajan

Urjit Patel first RBI Governor to officially resign since 1957

Reserve Bank of India (RBI) Governor Urjit Patel's resignation from his post has made him the third RBI Governor to officially resign.

10 Dec 2018

Urjit Patel

Urjit Patel resigns as Governor of Reserve Bank of India

Reserve Bank of India Governor, Urjit Patel, has stepped down from the position with immediate effect amid rift with the government on various issues.

10 Dec 2018

Ghulam Nabi Azad

Will raise Rafale, RBI autonomy issue in the Parliament: Azad

The Opposition will press for a joint parliamentary committee to probe the Rafale jet deal and raise several issues, including the misuse of probe agencies and autonomy for RBI, in the winter session of Parliament beginning tomorrow, says Congress leader Ghulam Nabi Azad.

05 Dec 2018


RBI leaves repo rate unchanged at 6.5% second-time in row

The Reserve Bank of India today left the repo rate unchanged while maintaining the stance of "calibrated tightening" of policy. The key rate remains unchanged at 6.5%.

02 Dec 2018


RBI likely to keep interest rate unchanged on December 5

The Reserve Bank is likely to maintain status quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, suggested experts.

30 Nov 2018


India's GDP growth-rate slows to 7.1%; still ahead of China's

India's GDP grew at a rate of 7.1% in the July-September quarter (Q2) - its lowest growth rate in three quarters.

24 Nov 2018


#FinancialBytes: 5 common myths around No-Cost EMIs, busted!

Many e-commerce websites and offline stores often offer "No-Cost EMIs" on various products like smartphones, laptops, home appliances, etc.

20 Nov 2018

West Bengal

Naidu meets Mamata, announces postponement of Opposition conclave

Andhra Pradesh CM and TDP President, N Chandrababu Naidu, yesterday announced the postponement of an opposition conclave that was to meet in Delhi on November-22 to chalk out details of the proposed anti-BJP front.

19 Nov 2018

Urjit Patel

The falling rupee: Sheds 9 paise against US dollar

The rupee depreciated by 9p to 72.02 against the USD in early-trade today at the interbank foreign exchange.

19 Nov 2018

Urjit Patel

RBI board meeting: Key issues to be discussed

Amid tensions between the government and the Reserve Bank of India (RBI), the RBI, board, on Monday, started a meeting to try and work out its differences with the government pertaining to policy.

18 Nov 2018


Modi: Dalit leader Sitaram Kesri was 'thrown out' of Congress

Ahead of the second phase of the Chhattisgarh polls, Prime Minister Narendra Modi, while addressing a rally in Mahasamund, alleged that Dalit leader Sitaram Kesri was "thrown out" of his post of Congress president to make way for Sonia Gandhi.

17 Nov 2018


Link mobile-number by November 30, else SBI will block net-banking

India's largest lender, the State Bank of India (SBI), has asked its customers to get their mobile numbers registered with the bank by November 30 this year.

14 Nov 2018

Petrol Diesel Prices

WPI inflation at four-month high, rises to 5.28% in October

Inflation based on wholesale prices rose to a four-month high of 5.28% in October, mainly due to spike in petrol and diesel prices.

12 Nov 2018


Consumer inflation falls to 3.31% in October, within RBI's target

In a good news for the economy, government data released on Monday revealed that consumer inflation for the month of October stood at 3.31%, below the expectations of both economists and the Reserve Bank of India (RBI).

11 Nov 2018

P Chidambaram

Chidambaram asks what's government's 'tearing hurry' to 'fix' RBI capital-framework

Former Union Finance Minister P Chidambaram today asked the Center what was its "tearing hurry" to "fix" the capital framework of Reserve Bank of India when the ruling dispensation had just four months to complete the term.

10 Nov 2018


India's economic growth held back due to demonetization, GST: Rajan

Goods and Services Tax (GST) and demonetization are the two major headwinds that held back India's economic growth last year, the 23rd and former Reserve Bank of India Governor, Raghuram Rajan, said yesterday.

09 Nov 2018

Narendra Modi

RBI disagreed with Centre's claims on demonetization: Report

Before giving its approval to Centre for demonetization on November 8, 2016, the Reserve Bank of India rejected claims that it would curb black money and counterfeit notes, IE reports.

09 Nov 2018

Subhash Chandra Garg

'Government not seeking Rs. 3.6 lakh crore from RBI'

The government today said it's not seeking Rs. 3.6 lakh crore capital from RBI, but is only discussing for fixing appropriate economic capital framework of the central bank.

Chandrababu Naidu meets Deve Gowda to unite Opposition against BJP

In a bid to unite Opposition parties against the BJP ahead of the 2019 elections, Telugu Desam Party (TDP) chief Chandrababu Naidu met JD(S) chief H D Deve Gowda in Bengaluru on Wednesday.

08 Nov 2018

Narendra Modi

Ashok Chavan calls demonetization biggest mistake of Modi government

Speaking on the second anniversary of demonetization, senior Congress leader Ashok Chavan today described it as the "biggest mistake of Modi government" and claimed that it resulted in the slowdown of the economy.

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