rbi

Mumbai, April 10 The Reserve Bank proposed changes in the criteria for identifying upper layer non-banking financial companies (NBFCs) on Friday, advocating for an asset-based approach instead of the previous parametric system and including state-run entities.According to the draft 'Reserve...

Mumbai, April 10 The Reserve Bank of India (RBI) on Friday announced its plan to reduce the time taken for auctions, strengthen price transparency in the government securities market, and enhance retail participation under its 'Utkarsh 2029' strategy.The central bank said it aims to enhance...

Mumbai, April 10 The Reserve Bank of India (RBI) will conduct a Variable Rate Reverse Repo (VRRR) auction worth Rs 2 lakh crore seven days from Friday."In view of the current surplus liquidity conditions, it has been decided to conduct a VRRR auction on Friday," the central bank said in a...

Mumbai, April 9 To mitigate financial fraud, the Reserve Bank of India (RBI) on Thursday proposed a delay in credit for authorized push payments and a control or kill switch for digital payments.It also proposed limiting the total amount of credits in an account to help counter the problem...

Mumbai, April 9 The Reserve Bank of India (RBI) on Thursday directed banks to streamline their processes for inward cross-border payments to ensure faster customer notification and timely credit to beneficiaries.The central bank has mandated banks to inform customers immediately once a payment...

Mumbai, April 8 The Reserve Bank on Wednesday decided to discontinue the Investment Fluctuation Reserve (IFR), an additional buffer that banks were required to maintain to protect against depreciation in the value of their investments, as a measure to support the capital adequacy of lenders...

Patna, April 8 Bihar Chief Secretary Pratyaya Amrit on Wednesday directed officials to ensure that banknote-sorting machines are installed at all bank branches near the India-Nepal border of the state to curb the circulation of counterfeit currency.He also called for enhanced surveillance in...

New Delhi, April 8 Stable interest rates on home loans, combined with strong demand from end-users, will help real estate developers sustain sales momentum, said real estate bodies CREDAI and NAREDCO on Wednesday, while praising the RBI's decision to keep the repo rate unchanged.The two...

Mumbai, April 8 Reserve Bank Governor Sanjay Malhotra announced on Wednesday that the monetary authority will be introducing a new framework for non-bank lenders in the wake of uncertainty surrounding Tata Sons' listing issue."We are coming up with a new framework for NBFCs. We should be doing...

April 08, New Delhi: The Reserve Bank of India announced its latest monetary policy decision on Wednesday. The Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, has maintained the repo rate at 5.25 percent, while maintaining a "neutral" policy stance.This decision comes amid...

New Delhi, April 7 The Supreme Court on Tuesday said that borrowers are not entitled to a mandatory personal hearing before their accounts are classified as fraudulent by banks under the rules laid down by the Reserve Bank of India (RBI).A bench of Justices J B Pardiwala and K V Viswanathan...

Mumbai, April 6 The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their assignments and suggested uniformity in fixing their wages.In the draft norms on branch authorisation released on Monday, the central bank...

New Delhi, April 6 – India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday.Addressing the golden jubilee celebrations of the National Institute of Public Finance and...

Mumbai, April 6 The RBI said on Monday that it has cancelled the license of The Shirpur Merchants' Co-operative Bank because the lender does not have adequate capital and earning prospects.Consequently, the bank ceases to carry on banking business, effective April 6, 2026, the Reserve Bank...

New Delhi, April 6 Private sector Yes Bank announced on Monday that Vinay Muralidhar Tonse has taken over as the MD and CEO of the bank for a period of three years.Tonse, a former MD of State Bank of India, replaced Prashant Kumar, who completed his extended term on April 5.Tonse has taken...

April 06, New Delhi: The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting is scheduled to begin on Monday, with investors and economists closely monitoring for signals regarding interest rates and inflation outlook.The meeting is taking place amid heightened global uncertainty...

Mumbai, April 6 The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following the RBI's tightened rules to curb speculative positions, capping banks’ net open positions at USD 100 million, even as global developments continued to act as a risk.Forex traders said...

Mumbai, April 3 If crude oil prices remain above USD 100 per barrel, headline inflation is likely to exceed 6 per cent, the upper limit of the RBI's tolerance band, and trigger interest rate hikes, a foreign brokerage has said.Economists at HSBC said that consumer price inflation (CPI) will...

Mumbai, April 2 The Reserve Bank on Thursday allowed both residents and non-residents to exchange Indian rupee notes at foreign exchange counters in departure halls at international airports, beyond the immigration or customs desk.Previously, such foreign exchange counters were only allowed to...

New Delhi, April 2 Transactions through the Unified Payments Interface (UPI) reached a record high of 22.64 billion in terms of volume in March."UPI achieves 22.64 billion transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward. Let's...