Tue, Apr 23, 2024
The eligible depositors will be entitled to receive a deposit insurance claim amount of his/her deposits up to Rs 5 lakh only from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
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The RBI, however, said the views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India.
SGB premature redemption price, SGB premature redemption date: The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGB) under the 2017-18 Series IV and 2018-19 Series II tranches, set for Tuesday.
Wed, May 04, 2022
The Reserve Bank of India (RBI) has hiked benchmark interest rate by 40 bps to 4.40 pc in an unscheduled policy review with a view to contain inflation.
Thu, Apr 21, 2022
Bank credit grew by 10.09 per cent to Rs 119.88 lakh crore and deposits by 10.06 per cent to Rs 167.42 lakh crore in the fortnight ended on April 8, the RBI data showed
Mon, Apr 18, 2022
The Reserve Bank of India (RBI) has imposed a fine of over Rs 17 lakh on non-banking finance company Manappuram Finance for violating KYC guidelines as well as norms related to prepaid payment instruments
Wed, Apr 13, 2022
As per government data released on Tuesday, consumer price-based inflation (CPI) zoomed to 6.95 per cent in March, mainly on account of costlier food items. The CPI was 6.07 per cent in February.
Tue, Apr 12, 2022
The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are exploring the possibility of synchronising trading time for all markets - stocks, bonds, currency and commodities. The aim is to ensure ease of operations for investors betting across asset classes as well as for the back-end staff at intermediaries. Trading in markets regulated by the Reserve Bank of India (RBI) will start from 9 am onwards from April 18, with the restoration of pre-pandemic trading timings. Currently, the markets open at 10 am.
Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment.
Trading in markets regulated by the Reserve Bank of India (RBI) will start from 9 am onwards from April 18, with the restoration of pre-pandemic trading timings. Currently, the markets open at 10 am.
Sun, Apr 10, 2022
RBI imposes penalties on Axis, IDBI Bank: The Reserve Bank of India (RBI) has imposed a penalty of Rs 93 lakh on private sector Axis Bank for violating several norms including Know Your Customer (KYC) guidelines. is. RBI has also imposed a penalty of Rs 90 lakh on IDBI Bank. The Reserve Bank said in a release on Friday that a penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain instructions.
Fri, Apr 08, 2022
Currently, card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their own ATMs).
This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.
Wed, Apr 06, 2022
The Reserve Bank of India (RBI) is expected keep key lending rates unchanged and maintain an accommodative stance in monetary policy committee meeting, which starts on Wednesday April 6, as per brokerages and experts. The MPC meeting will conclude on April 8
Mon, Apr 04, 2022
A public interest litigation has been filed against the promoters of IndusInd Bank in Delhi High Court by advocate Mehek Maheshwari.
Sun, Mar 27, 2022
Other bidders include Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, OakTree Capital, Blackstone, Brookfield, TPG, KKR, Piramal Finance and Poonawala Finance, sources said.
Fri, Mar 25, 2022
Deputy Governors Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar, attended the meeting.
Sat, Mar 19, 2022
The Reserve Bank of India (RBI) is expected to prioritise growth over inflationary fears in its April, 2022 policy meet.
Fri, Mar 11, 2022
Patra said that though the third wave of the pandemic had a relatively minor impact as reflected in high-frequency indicators.
'Stop, with immediate effect, onboarding of new customers' - RBI.
Wed, Mar 09, 2022
RBI has clarified on the mode of receipt of complaints under its Integrated Ombudsman Scheme. Instances of misinformation are being spread through certain sections of the social media about thescheme and which has come to the notice of the banking regulator
Tue, Mar 08, 2022
The service christened UPI (unified payments interface) '123PAY' is a three-step method to initiate and execute services for users which will work on simple phones which do not have an internet connection.
Sat, Mar 05, 2022
The concept of Payments Banks was introduced by the RBI in 2015. The idea behind this concept was to give banking license to fintech companies and provide banking services to the underserved population of India. Here is all you need to know about a Payments Bank.
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