Fri, Apr 26, 2024
The underwriting commission will be credited to the current account of the respective primary dealers with the Reserve Bank of India (RBI) on the day of the issue of securities. This auction presents an opportunity for primary dealers to participate in the underwriting process and contribute to the government's financing activities.
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Wed, Apr 24, 2024
Prosus-backed PayU has secured approval from the Reserve Bank of India to function as a payment aggregator, enabling them to onboard new businesses for online payment acceptance.
RBI bars Kotak Mahindra Bank: The central bank said that even after repeated warnings, the bank did not make any improvements, hence the decision.
Fri, Jun 07, 2019
The Reserve Bank of India has woken up to the persistent demand of common men and the industry to reduce ATM transaction fee and charges.
Captains of the Indian economy have demanded from the policymakers to create symmetry between the structural growth and liquidity system.
RBI's decision to adjust the Leverage Ratio could add a potential Rs 1 lakh crores to the lendable resources of the banks.
Thu, Jun 06, 2019
In the briefing, Das also explained that, RBI is mandated to look after financial stability in economy.
The Reserve Bank of India has removed charges on RTGS/NEFT transactions. Watch this video to know more.
The six-member monetary policy committee (MPC), led by RBI Governor Shaktikanta Das, decided to reduce key repo rate by 25 basis points to 5.75 per cent from 6.0 per cent.
Bringing cheers to individual borrowers, the Reserve Bank of India (RBI) today cut the key lending rate by 25 bps (0.25%)
Prashant Kumar, Managing Director & CFO, SBI told Zee Business TV, ''The rate cut of 25 bps in interest rates was expected from RBI in this monetary policy. Also the change in stance from 'neutral' to 'accomodative' is quite positive for the economy.
A review of the performance of Small Finance Banks reveals that they have achieved their priority sector targets and thus attained their mandate for furthering financial inclusion.
The Reserve Bank of India (RBI) today announced key lending rate (repo rate) cut by 25 bps (0.25%).
NBFCs have hailed the RBI's Repo Rate cut decision and expect that it would help the government to address the liquidity crisis.
RBI's rate cut won't be enough to handle the liquidity issue until retail banks pass on the benefit to its customers, says market expert Ajay Bagga.
Real estate developers have welcomed the decision citing the move would send out positive notional signals but will the banks pass-on its benefit.
The latest Consumer Price Index (CPI) or retail inflation numbers are slightly up at 2.92% in April 2019 compared to 2.86% in March 2019.
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.
Warning the retail bankers for not passing on the rate cut benefits to the customers the RBI Governor vowed to take stringent actions against the retail banks.
From cut in Repo Rate to waiver for RTGS and NEFT charges, the RBI Governor gave the MPC review of the Indian economy as well.
In the latest Monetary Policy released Thursday, Reserve Bank of India has revised the GDP estimate for GY 2019-20.
The retail inflation projection for the second half of this fiscal has been cut to 3.4-3.7 per cent as against RBI's previous projection of 3.5-3.8 per cent.
Weak global demand due to escalation in trade wars may further impact India's exports and investment activity.
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