RBI

Timelines
RBI keeps repo rate unchanged at 4%

09 Oct 2020

RBI keeps repo rate unchanged at 4%

The Monetary Policy Committee has decided to keep the repo rate unchanged at 4%, RBI Governor Shaktikanta Das said on Friday.

Credit, debit card rules changed from today: Check details here

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.

India's retail inflation dips marginally to 6.69% in August

14 Sep 2020

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.

2 lakh Ola, Uber drivers go on strike in Delhi-NCR

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.

West Bengal: Total lockdown for 3 days in September

31 Aug 2020

West Bengal: Total lockdown for 3 days in September

The West Bengal government on Monday issued guidelines extending the lockdown in containment zones in the state till September 30 to stem the spread of the novel coronavirus.

Not even one Rs. 2,000 note printed in 2019-20

26 Aug 2020

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.

As economy suffers, RBI keeps repo rate unchanged

06 Aug 2020

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.

WhatsApp finally meets requirements to roll out payments in India

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.

Prices of potatoes and tomatoes surge, courtesy poor crop, lockdown

20 Jul 2020

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.

WhatsApp launches payments in Brazil, ahead of India

15 Jun 2020

WhatsApp launches payments in Brazil, ahead of India

WhatsApp has launched its peer-to-peer payments service for users across Brazil.

Courtesy coronavirus, hotel industry stares at oblivion; recovery unlikely soon

03 Jun 2020

Courtesy coronavirus, hotel industry stares at oblivion; recovery unlikely soon

In the months to come, nations are bound to ease restrictions. Some, like India, have already started. But it will be long before the hotel industry bounces back to the pre-coronavirus days.

Amid coronavirus crisis, RBI extends loan moratorium till August

22 May 2020

Amid coronavirus crisis, RBI extends loan moratorium till August

Addressing the media on Friday, RBI Governor Shaktikanta Das said the central bank has brought down the repo rate by 40 basis points.

WhatsApp Pay may finally be launched this month: Details here

05 May 2020

WhatsApp Pay may finally be launched this month: Details here

WhatsApp's much-coveted digital payments service, WhatsApp Pay, may finally be launched by the end of this month.

More services to be allowed after April 20: Details here

17 Apr 2020

More services to be allowed after April 20: Details here

The Centre has revised the list of what will be allowed after April 20 in areas where the impact of coronavirus is the least. Non-banking finance corporations and micro-finance institutions will be allowed to resume.

Coronavirus: Stimulus 2.0 in mind, Modi and Sitharaman hold talks

17 Apr 2020

Coronavirus: Stimulus 2.0 in mind, Modi and Sitharaman hold talks

With economic activity coming to a standstill for almost a month due to the coronavirus pandemic, Finance Minister Nirmala Sitharaman on Thursday met Prime Minister Narendra Modi to discuss a package that could keep the wheels churning.

RBI's 3-month EMI moratorium: All you need to know

27 Mar 2020

RBI's 3-month EMI moratorium: All you need to know

Earlier in the day, the Reserve Bank of India (RBI) announced a few measures in view of the 21-day lockdown over coronavirus.

Coronavirus: Day after Centre's economic package, RBI cuts repo rate

27 Mar 2020

Coronavirus: Day after Centre's economic package, RBI cuts repo rate

RBI has cut repo rate by 75 basis points, bringing it down from 5.15% to 4.4%, Governor Shaktikanta Das told media at a briefing on Friday. The reverse repo rate was reduced by 90 basis points to 4%.

Yes Bank resumes full banking services as RBI lifts moratorium

18 Mar 2020

Yes Bank resumes full banking services as RBI lifts moratorium

The ailing private lender Yes Bank on Wednesday confirmed that its banking services are now fully operational.

India not immune to economic impact of COVID-19: RBI Governor

16 Mar 2020

India not immune to economic impact of COVID-19: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.

RBI's new rules for debit, credit cards take effect today

16 Mar 2020

RBI's new rules for debit, credit cards take effect today

Starting today, a set of new rules will apply to debit and credit cards to increase security and reduce the risks of cyber fraud.

Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted

14 Mar 2020

Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted

Crisis-hit Yes Bank got a lifeline after the Union Cabinet, chaired by Prime Minister Narendra Modi, notified a reconstruction plan backed by the State Bank of India (SBI).

Yes Bank depositors can now use IMPS/NEFT to pay dues

10 Mar 2020

Yes Bank depositors can now use IMPS/NEFT to pay dues

The crisis-hit lender Yes Bank on Tuesday allowed customers to make certain transactions using instant money transfer services.

How RBI and government cast net to nab Rana Kapoor

09 Mar 2020

How RBI and government cast net to nab Rana Kapoor

Yes Bank is spiraling downwards and its founder Rana Kapoor is in the custody of Enforcement Directorate. The Central Bureau of Investigation is also probing him over corruption charges.

Yes Bank crisis: In six months, depositors withdrew Rs. 18,000cr

09 Mar 2020

Yes Bank crisis: In six months, depositors withdrew Rs. 18,000cr

The Yes Bank crisis may have been exposed last week, but depositors of the once famed lender anticipated trouble months ago, prompting them to withdraw their money.

Booked for corruption, Yes Bank's founder Rana Kapoor breaks down

09 Mar 2020

Booked for corruption, Yes Bank's founder Rana Kapoor breaks down

Rana Kapoor, the founder of crisis-hit Yes Bank, was on Sunday booked by the Central Bureau of Investigation (CBI) for alleged criminal conspiracy, cheating, and corruption.

SBI working on Yes Bank's reconstruction scheme, says bank chief

07 Mar 2020

SBI working on Yes Bank's reconstruction scheme, says bank chief

State Bank of India Chairperson Rajnish Kumar on Saturday said that the bank has received the draft scheme for the reconstruction of the crisis-hit Yes Bank.

Yes Bank founder Rana Kapoor's home raided by Enforcement Directorate

07 Mar 2020

Yes Bank founder Rana Kapoor's home raided by Enforcement Directorate

The Enforcement Directorate on Friday raided the home of Yes Bank founder Rana Kapoor in Mumbai.

Explained: The rise and fall of Yes Bank

06 Mar 2020

Explained: The rise and fall of Yes Bank

Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.

Amid Yes Bank crisis, Sitharaman assures depositors' money safe

06 Mar 2020

Amid Yes Bank crisis, Sitharaman assures depositors' money safe

Finance Minister Nirmala Sitharaman on Friday gave assurance to the depositors of cash-starved Yes Bank.

Yes Bank crisis: Things to know if you're a customer

06 Mar 2020

Yes Bank crisis: Things to know if you're a customer

In a drastic move, the Reserve Bank of India (RBI) took over the board of private lender Yes Bank on Thursday night, while also putting a cap of Rs. 50,000 on withdrawals.

Troubled Yes Bank under moratorium; withdrawals limited to Rs. 50,000

05 Mar 2020

Troubled Yes Bank under moratorium; withdrawals limited to Rs. 50,000

The Central government has imposed an order of moratorium on troubled private lender, Yes Bank, on Thursday as per the recommendation of the Reserve Bank of India (RBI).

Supreme Court allows cryptocurrency trading, quashes RBI's ban

04 Mar 2020

Supreme Court allows cryptocurrency trading, quashes RBI's ban

In a major development, the Supreme Court of India has allowed cryptocurrency trading in the country.

Fintech start-up BharatPe secures $75 million in funding: Details here

24 Feb 2020

Fintech start-up BharatPe secures $75 million in funding: Details here

BharatPe, a fintech start-up helping small Indian businesses and merchants go digital, has secured $75 million in a Series C round of funding.

SBI home loans to get cheaper as lender slashes MCLR

07 Feb 2020

SBI home loans to get cheaper as lender slashes MCLR

India's largest lender, the State Bank of India (SBI) on Friday cut its lending rates.

Reserve Bank of India keeps repo rate unchanged at 5.15%

06 Feb 2020

Reserve Bank of India keeps repo rate unchanged at 5.15%

The Reserve Bank of India (RBI), kept the repo rate unchanged at 5.15%. The reverse repo rate also remained the same at 4.90%.

Will prices of onion, tomato, potato go down? It's unlikely

30 Jan 2020

Will prices of onion, tomato, potato go down? It's unlikely

Onion, tomato, and potato are the most prominent vegetables used across India, but a hike in their prices negatively affected household budgets.

Cards never used for online transactions will be disabled: RBI

17 Jan 2020

Cards never used for online transactions will be disabled: RBI

In a major move, the Reserve Bank of India (RBI) has asked banks and card issuers to disable online payment facility on all credit/debit cards that have never been used for an online transaction or contactless payment.

BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions

14 Jan 2020

BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions

Days after the Reserve Bank of India imposed regulatory restrictions on a co-operative bank in Bengaluru, Bharatiya Janata Party MP Tejasvi Surya assured panicked depositors that the Finance Minister was personally looking into the matter.

Retail inflation recorded at 7.35% in December, highest in 5-years

13 Jan 2020

Retail inflation recorded at 7.35% in December, highest in 5-years

India's retail inflation stood at 7.35% in December last year mainly due to the rise in vegetable prices, data released by the Ministry of Statistics & Programme Implementation (MoSPI) revealed on Monday.

Bank KYC forms to start asking your religion: Here's why

21 Dec 2019

Bank KYC forms to start asking your religion: Here's why

Banks may soon start asking depositors to disclose their religion. What's the need for this?