Reserve Bank Of India (RBI)

Timelines
#LockdownRelaxation: Industries which will be operational from April 20

20 Apr 2020

#LockdownRelaxation: Industries which will be operational from April 20

India entered the second phase of the coronavirus-enforced lockdown on April 15, after Prime Minister Narendra Modi announced the extension of the nationwide lockdown till May 3 to contain the spread of the deadly COVID-19.

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.

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 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.

Yes Bank founder Rana Kapoor arrested by ED under PMLA

08 Mar 2020

Yes Bank founder Rana Kapoor arrested by ED under PMLA

The Enforcement Directorate (ED) arrested the founder of crisis-hit Yes Bank, Rana Kapoor, in the wee hours of Sunday.

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.

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.

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).

India's five most influential and successful women in finance

05 Mar 2020

India's five most influential and successful women in finance

The world of finance used to be seen as an industry only for men for the longest time. However, that has changed in the last few years.

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.

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.

RBI keeps repo rate unchanged; lowers growth forecast

05 Dec 2019

RBI keeps repo rate unchanged; lowers growth forecast

While many expected the Reserve Bank of India (RBI) to slash repo rates in December, the central bank, in a surprise move, kept them unchanged.

PMC crisis: 83-year-old dies; couldn't withdraw funds for heart surgery

19 Oct 2019

PMC crisis: 83-year-old dies; couldn't withdraw funds for heart surgery

An 83-year-old account holder of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank died of heart attack in Mumbai on Friday, after failing to raise sufficient funds for heart surgery.

PMC Bank crisis: RBI hikes withdrawal limit to Rs. 40,000

14 Oct 2019

PMC Bank crisis: RBI hikes withdrawal limit to Rs. 40,000

In a major relief for customers of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank, the Reserve Bank of India (RBI) raised the withdrawal limit for account holders to Rs. 40,000, on Monday. Earlier, this limit was Rs. 25,000.

RBI cuts repo rate, slashes GDP growth estimates

04 Oct 2019

RBI cuts repo rate, slashes GDP growth estimates

On Friday, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 5.15% in its "accommodative" stance to revive growth.

Soon, RBI to introduce varnished Rs. 100 currency notes

29 Aug 2019

Soon, RBI to introduce varnished Rs. 100 currency notes

In its annual report for FY 2018-19 released today, the Reserve Bank of India (RBI) announced that it is planning to introduce varnished currency notes of Rs. 100 denomination, on a field-trial basis.

#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

27 Aug 2019

#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

Amid an economic slowdown in the country, Reserve Bank of India (RBI) stepped in to bail out Prime Minister Narendra Modi's government.

India's five most influential and successful women in finance

16 Jul 2019

India's five most influential and successful women in finance

The world of finance used to be seen as an industry only for men for the longest time. However, that has changed in the last few years.

PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

07 Jul 2019

PNB reports Rs. 3,800cr fraud by Bhushan Power & Steel

Punjab National Bank (PNB) on Saturday said that it has detected a fraud of Rs. 3,800 crore in the non-performing asset (NPA) account of Bhushan Power & Steel Limited (BPSL).

Five famous alumni of IIT Kanpur you should know about

06 Jul 2019

Five famous alumni of IIT Kanpur you should know about

The Indian Institutes of Technology (IITs) are the country's premier engineering institutes that are recognized as centers of academic excellence in science and technology.

RBI's Deputy Governor Viral Acharya quits before term ends: Report

24 Jun 2019

RBI's Deputy Governor Viral Acharya quits before term ends: Report

Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.

No charges on RTGS, NEFT transfers from July 1: RBI

11 Jun 2019

No charges on RTGS, NEFT transfers from July 1: RBI

The Reserve Bank of India (RBI) has decided to waive off all charges on RTGS and NEFT system fund transfers from July 1, 2019.

#FinancialBytes: What is the difference between RTGS and NEFT transfers?

08 Jun 2019

#FinancialBytes: What is the difference between RTGS and NEFT transfers?

In a bid to boost digital transactions, the Reserve Bank of India on Thursday decided to waive off charges on RTGS and NEFT System fund transfers.

Now transfer money for free: RBI removes NEFT, RTGS charges

06 Jun 2019

Now transfer money for free: RBI removes NEFT, RTGS charges

In a move to boost digital transactions, the Reserve Bank of India (RBI) on Thursday removed NEFT and RTGS charges from transactions.

Now, banks can use Aadhaar for KYC verification: Details here

01 Jun 2019

Now, banks can use Aadhaar for KYC verification: Details here

Banks are now allowed to use Aadhaar as proof for Know Your Customer (KYC) verification, upon getting consent from the customer, according to the Reserve Bank of India (RBI).

#FinancialBytes: About SBI's interest rate-repo rate linkage and its impact

04 May 2019

#FinancialBytes: About SBI's interest rate-repo rate linkage and its impact

State Bank of India (SBI) is the largest public sector bank in the country with more than 42 crore customers.

#FinancialBytes: Here's what changes for SBI customers from 1 May

28 Apr 2019

#FinancialBytes: Here's what changes for SBI customers from 1 May

The state-owned State Bank of India (SBI) is the largest public sector bank in the country with more than 42 crore customers.

Online movie ticket-booking platforms cannot charge 'Internet Handling Fees': RBI

16 Mar 2019

Online movie ticket-booking platforms cannot charge 'Internet Handling Fees': RBI

Booking movie tickets has never been easier thanks to online movie ticket booking platforms. Everyone who has ever booked movie tickets online knows about "Internet Handling Fees" levied by every online ticketing platform.

RBI proposes new pay-norms for top-officials of private, foreign banks

26 Feb 2019

RBI proposes new pay-norms for top-officials of private, foreign banks

The RBI yesterday proposed that at least 50% of compensation of senior officials of private and foreign banks, including whole time directors and chief executive officers, "should be variable".

RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

07 Feb 2019

RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.

May need more currency as GDP size increasing: RBI official

17 Jan 2019

May need more currency as GDP size increasing: RBI official

With the country's Gross Domestic Product (GDP) size increasing in quantitative terms, there could be a need for more currency in the economy, a Reserve Bank of India official said today.

Lenders may bring out resolution plan for Jet Airways: SBI

17 Jan 2019

Lenders may bring out resolution plan for Jet Airways: SBI

State Bank of India (SBI) today said lenders are considering a resolution plan for Jet Airways to ensure the long-term viability of the debt-laden company.

RBI appoints Infosys' Nandan Nilekani as Digital Payments Committee chairman

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.

Dry ATMs: Parliamentary panel nudges RBI to fix the problem

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.

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

30 Dec 2018

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.

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

25 Dec 2018

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.