Sat, Nov 25, 2023
The auctions, scheduled for December 1, will be facilitated by the Reserve Bank of India (RBI) at its Mumbai Office.
Fri, Nov 24, 2023
SBI Card share price: The brokerage firm InCredit Equities pointed out in its report that while private banks will see an impact of around 5 per cent of the net loans, SBI Card will see a 100 per cent impact.
Wed, Nov 22, 2023
RBI Governor Shaktikanta Das reiterated that the top priority of the Monetary Policy Committee (MPC) priority is inflation over growth and to drain out excess liquidity from the system.
Mon, Jul 01, 2019
Fund transfer through RTGS and NEFT systems have become cheaper from today after the Reserve Bank of India decided on its recent Monetary Policy Meet that it will not impose additional charges on such transactions.
Mon, Jun 24, 2019
RBI, in order to make the banking system more easy and grateful for the account holders, develops a complaint management system to overview the dealing process of bank staffs to it's customers.
Fri, Jun 14, 2019
Now Banks are under RBI scanner. No cash ATMs may put banks in tough conditions. ATMs can't be cashless more than 3 hrs may put banks in tough conditions. Watch this video to know more.
Thu, Jun 13, 2019
As part of pre-Budget consultations, Union Finance Minister Nirmala Sitharaman meet bankers, including officials of the Reserve Bank of India (RBI) and other financial institutions, on Thursday.
SBI has demanded from the Finance Minister to give reasonable fiscal deficit assumptions that can pave a clear fiscal consolidation path for the national economy.
Wed, Jun 12, 2019
In another good news for customers, Life Insurance Corporation of India (LIC)-owned IDBI Bank Wednesday reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points across various tenors, with immediate effect.
Following up on the announcement made on June 6 after the bi-monthly monetary policy review, the Reserve Bank of India on Tuesday evening announced that it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1.
Mon, Jun 10, 2019
Reserve Bank of India (RBI) made some major announcement in June, 2019 policy. Among these was the waiving off charges imposed in the Real Time Gross Settlement System (RTGS) and National Electronic Funds Transfer (NEFT). Instructions for this will be soon communicated to banks.
Sat, Jun 08, 2019
The Reserve Bank of India (RBI) has slapped a penalty of Rs 2 crore on Kotak Mahindra Bank for the non-state lender’s failure to adhere to the regulator’s diktat on promoter shareholding. Watch full video to know more.
Fri, Jun 07, 2019
The Reserve Bank of India on Friday released fresh guidelines to deal with bad loans after the Supreme Court quashed its 12 February, 2018, circular, which mandated lenders to start resolution even if there was a one-day default. New NPA resolution norms replace all the previous models, the central bank said. Under the new norms, defaults are to be recognized within 30 days, says RBI.
Bank ATMs provide a huge number of services that are very helpful for citizens. However, customers pay for them. RBI has looked deeply into this and has made an announcement that will come as a big relief for customers.
Thu, Jun 06, 2019
Reserve Bank of India reduced the repo rate by 25 basis points (bps) to 5.75 percent in the second bi-monthly monetary policy meet of the financial year 2019-20 (FY20). Watch this video to know more.
While addressing a press conference in Mumbai, RBI Governor Shaktikanta Das informed that RBI will not hesitate to take any measure which is required to maintain the financial stability of the system including, shot-term, medium-term and long term. He added, “We have already announced the formation of a separate cadre for regulation and supervision of banks and financial institutions and this is a major decision that has been taken to strengthen our regulations”.
The Reserve Bank of India has removed charges on RTGS/NEFT transactions. Watch this video to know more.
RBI has done away with RTGS and NEFT routes to boost digital transactions and has asked banks to pass on the benefits. This comes as a major good news for bank customers.
RBI monetary policy 2019 Key Takeaways: The Reserve Bank of India, in its second bi-monthly review report on Thursday, cut its policy interest rate by 25 basis points in a widely expected move.
Changing its stance from 'neutral' to 'accommodative' the Reserve Bank of India cut Repo Rate for third straight time by 25 bps to 5.75 pct. To push the digital payment, the RBI has decided to waive Neft and RTGS charges.
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
RBI Monetary Policy 2019 Highlights: A major boost is expected from the Reserve Bank of India (RBI) on Thursday morning when it presents the monetary policy report. Economy watchers contend that subdued food prices coupled with growth concerns allows RBI to aggressively cut key lending rate.
Tue, Jun 04, 2019
The Reserve Bank of India (RBI) has decided to not give any new banking licence to players for 2-3 years, sources told Zee Media.
The Board of Financial Supervision of the RBI has taken in-principle decision to not proceed further on new banking licence, sources further said.
Decision on new licence will be taken after taking into consideration the situation of existing new banks, sources added.
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