Reserve Bank Of India (RBI): News | Page 6

Loans to get costlier as RBI hikes repo rate again

The RBI today increased repo rates by 25 basis points to 6.5%, the second hike in two months, making housing and automobile loans costlier.

01 Aug 2018


Seems like you have to wait longer for WhatsApp Payments

WhatsApp's Payments service has hit yet another hurdle in India - now, the government has reportedly told WhatsApp that it can't roll out the service till it sets up an office and recruits a team in India.

24 Jul 2018


#CareerBytes: Preparing for SBI-PO? These 5 online courses will help

Bank Probationary Officer exam is one of the most competitive exams in India.

21 Jul 2018


How much will recalibrating ATMs for new Rs.100 notes cost?

ATM operators have said Rs. 100 crore is required to recalibrate ATMs to make them ready for the new Rs. 100 notes, which RBI announced a few days ago.

20 Jul 2018


Tap-and-go debit/credit cards for hassle-free metro, bus, train travel

In line with the government's target of 30-billion digital transactions in the current year, the Ministry of Finance has asked banks to issue near-field communication (NFC)-enabled tap-and-go debit and credit cards that can be used beyond merchant transactions for services like metro, train, and bus travel.

19 Jul 2018


RBI to issue new Rs. 100 notes soon, details here

The Reserve Bank of India (RBI) has decided to issue new Rs. 100 notes as a part of the new Mahatma Gandhi series.

17 Jul 2018

Punjab National Bank

PNB collects Rs. 151.66 crore as below minimum balance penalty

In FY 2017-18, a total penalty of Rs. 151.66cr has been recovered due to non-maintenance of minimum balance in nearly 1.23 crore savings fund accounts, PNB replied in response to RTI activist Chadra Shekhar Gaud's query.

01 Jul 2018


ATM-body urges RBI to correct fee structure to curb losses

Confederation of ATM Industry (CATMI) sought immediate regulatory intervention to correct the fee structure in the loss-making ATM deployer industry.

28 Jun 2018


SBI won't share details of political-parties receiving donations through electoral-bonds

The State Bank of India (SBI) has refused to disclose the details of buyers of electoral bonds, political parties which have redeemed the electoral bonds, and the bank's reports sent to the government on their sales.

25 Jun 2018


Here's your 'Weekly Industry Insight' for all your stock decisions

Thinking of making money by investing in stocks? But which stocks would give the highest returns throughout this week? And which ones should you avoid?

ICICI Bank's Kochhar to "go on leave" till probe completed

Three months after reposing "full faith and confidence" in ICICI Bank CEO Chanda Kochhar, the bank's board has announced she "has decided to go on leave till the completion of the enquiry" into conflict-of-interest allegations against her.

15 Jun 2018

Urjit Patel

RBI must monitor banks with off-site surveillance, on-site inspection: Union

Reserve Bank union today requested Governor Urjit Patel to monitor banks through a combination of risk-based supervision, off-site surveillance and on-site inspections of operational systems.

WPI inflation hits 14-month-high of 4.43% on costlier fuel, vegetables

Inflation based on wholesale prices shot up to a 14-month high of 4.43% in May on increasing prices of petrol and diesel as well as vegetables.

RBI likely to hike rates again due to inflation: Analysts

Headline inflation surging to a four-month high of 4.87% in May is likely to force the Reserve Bank of India (RBI) to hike rates once again in its August monetary policy review, analysts said.

12 Jun 2018


Business Roundup: Here are today's top 5 Business news

Hola! Missed the business headlines of the day? No worries, here's your daily wrap of business news.

11 Jun 2018


Chip-based ATM card hacked, Mumbai woman loses above Rs. 40,000

In a rare kind of crime, a Mumbai-based woman lost Rs. 40,700 from her account, after her ATM chip-card was cloned and money was withdrawn.

10 Jun 2018


PSU banks suffer whopping Rs. 87,000cr loss in FY18

Losses of 19 government-run banks crossed a whopping Rs. 87,357cr in FY2017-18, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs. 12,283cr.

10 Jun 2018


Did demonetization boost Digital-India? Currency with public crosses pre-November'16 levels

There were two prime goals of demonetization- removal of black money and advancing towards a cashless economy.

Rs. 30,000cr might be recovered from resolution under IBC: SBI

State Bank of India, the country's largest lender, expects to recover around Rs. 30,000cr from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said.

08 Jun 2018


Deadline to file 'advance tax' is June 15: Details here

If you have not yet paid the first instalment of your advance tax, then you should file it no later than June 15 to avoid a penalty.

06 Jun 2018


Know what does hiked RBI Repo Rate mean for you

After the bi-monthly review of its monetary policy, the Reserve Bank of India (RBI) today hiked the Repo Rate by 25 basis point to 6.25%.

06 Jun 2018


Know all about the Insolvency and Bankruptcy Code 2016

Insolvency and Bankruptcy Code 2016 is one of the biggest economic reforms adopted by India. It is a rare example of a much-needed law which has witnessed speedy roll-out and implementation.

RBI raises interest rate for first time in 4 years

Reserve Bank of India, for the first time in four-and-half-years, raised key interest rate today by 25 basis points to 6.25% on inflation concerns from a surge in international oil prices.

06 Jun 2018

Bharti Airtel

BSE rebounds 69 points; market opens higher ahead of RBI-policy

BSE Sensex rebounded over 69 points in opening trade, breaking its three-day losing run, ahead of RBI's bi-monthly policy meet.

Thane Police busts Rs. 500 crore cryptocurrency racket; 1 arrested

Thane Police has busted an online cryptocurrency racket, which had allegedly collected an estimated Rs. 500cr from people with a promise of good returns; it has arrested one person.

04 Jun 2018

Satya Nadella

Business Roundup: Here are today's top 5 Business news

Here comes your daily roundup of business news.

02 Jun 2018


#FinancialBytes: 6 apps that help you buy/sell Bitcoins in India

World's most popular cryptocurrency Bitcoin's valuation has had some dramatic fluctuations over the past one year. It picked up the pace in May'17 from $2,000 to $20,000 in Dec'17 and plummeted to $6,046 in Feb'18.

02 Jun 2018


Maharashtra Government unveils 'sandbox' to aid start-ups in fintech space

In its efforts to develop India's financial capital into a fintech hub, the Maharashtra Government has announced a "sandbox" to aid start-ups in the fintech space.

21 May 2018


Of 220mn credit-worthy consumers, only 72mn tapped by banks: Report

Even after the increased focus on retail lending for a decade, banks and other lending institutions have been able to tap only a third (72mn) of the estimated 220mn credit-eligible consumers, a report by credit information company TransUnion CIBIL said.

14 May 2018


Costlier fuel pushes up WPI inflation to 3.18% in April

Inflation based on wholesale prices touched a four-month high of 3.18% in April on increasing prices of petrol and diesel as well as fruits and vegetables.

14 May 2018


Did you know you can't get soiled Rs. 200/2,000-notes exchanged?

Two days ago, a Hyderabad resident received soiled notes of Rs. 2,000 from an SBI ATM.

08 May 2018


#FinancialBytes: 6 apps that help you send money aboard

Sending money abroad was once an extremely complicated process but the advent of technology and Internet has made the process quite simple and fast.

07 May 2018


Bankers fear soiled Rs. 100 notes may deepen cash crunch

Bankers fear that the prevailing cash crunch in different parts of the country might just get worse with unsoiled, usable-in-ATMs Rs. 100 notes becoming "too scarce."

06 May 2018

Shashi Tharoor

The moment when even Shashi Tharoor didn't check facts

Shashi Tharoor, like many others, felt proud on learning former RBI governor Raghuram Rajan was appointed as governor of Bank of England.

Over 23,000 bank-fraud cases involving Rs. 1-lakh-crore in 5 years

Over 23,000 cases of fraud involving a whopping Rs. 1-lakh-crore have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).

29 Apr 2018


Counterfeit notes can get you jailed. Learn to spot them

How likely is it that you have a fake note resting in your wallet? With counterfeit notes worth Rs. 11.23 crore detected across India in the first eight months post demonetization, the probability of it is unmissable.

27 Apr 2018


After SBI, HDFC hikes term deposit interest rates

In a bid to increase its deposits, HDFC Bank has now hiked interest rates on term deposits by up to 100 basis points (one percentage point).

23 Apr 2018

Uttar Pradesh

In Bareilly, locals receive 'churan label' notes from ATM

At an ATM of United Bank of India in Subhashnagar, Bareilly, Uttar Pradesh, people who came to withdraw money were in for a shock.

22 Apr 2018

Delhi High Court

RBI circular barring banking service for cryptocurrencies challenged in HC

The Delhi HC has sought the response of the Centre, the RBI, and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from "providing any service in relation to virtual currencies such as cryptocurrencies."

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