Reserve Bank of India
- Business
RBI tweaks rules to cut risk banks face in exposure to capital markets
Mumbai: The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs). The RBI…
- India
Over 97 per cent of Rs 2000 banknotes returned: RBI
Mumbai: The Reserve Bank of India (RBI) said in its currency update on Thursday that 97.76 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, when their…
- Business
RBI issues alert against prepaid payment instruments by illegal entities
Mumbai: The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities. “Members of public are urged to exercise utmost caution while using websites/…
- India
RBI bars Kotak Bank from onboarding customers online, issuing credit cards
Mumbai: Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit…
- India
Extreme weather may pose risk to inflation, says RBI Bulletin
Mumbai: Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank’s April Bulletin said on Tuesday. The retail…
- News
Ex RBI chief Subba Rao asks Centre to roll out ‘White Paper’ on parties’ freebies
Hyderabad: Central Government under the leadership of the Prime Minister should come out with a ‘White Paper’ to generate a consensus among political parties on the issue of giveaways or freebies, former…
- Business
Forex kitty drops USD 5.40 billion to USD 643.16 billion
Mumbai: India’s forex reserves dropped by USD 5.401 billion to USD 643.162 billion for the week ended April 12, the Reserve Bank said on Friday. The overall reserves increased by USD USD…
- Business
Banks must provide simple KFS to borrowers on terms of loans: RBI
Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they…
- India
RBI retains GDP growth projection at 7 pc for FY25
Mumbai: The RBI on Friday retained the GDP growth projection at 7 per cent for 2024-25 fiscal on the back of expectations of a normal monsoon, moderating inflationary pressures, and sustained momentum…