Reserve Bank Of India (RBI): News | Page 1

08 Dec 2021

Shaktikanta Das

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%.

29 Nov 2021


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.

23 Nov 2021


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

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.

14 Nov 2021

Prime Minister

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.

29 Oct 2021

Shaktikanta Das

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)

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

23 Sep 2021


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.

14 Sep 2021


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.

06 Aug 2021

Shaktikanta Das

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.

28 Jul 2021

Nirmala Sitharaman

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.

26 Jul 2021


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.

25 Jul 2021

Shaktikanta Das

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.

15 Jul 2021


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

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.

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

Repo Rate

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

Punjab National Bank

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

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.

24 Dec 2020

Shaktikanta Das

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

Repo Rate

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

Shaktikanta Das

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

Prakash Javadekar

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

Ministry of Finance

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

Mukesh Ambani

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

Nirmala Sitharaman

'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

Narendra Modi

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

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

Shaktikanta Das

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

World Economy News

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.

26 Aug 2020

Narendra Modi

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

Repo Rate

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

Uttar Pradesh

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.

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