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Reserve Bank of India

RBI cancels licence of Vijayawada-based Durga Co-op Urban Bank

RBI cancels licence of Vijayawada-based Durga Co-op Urban Bank

Tue, Nov 12, 2024

The bank ceases to carry banking business, with effect from the close of business on November 12, 2024, the RBI said, adding that the Commissioner for Cooperation and Registrar of Cooperative Societies, Andhra Pradesh, has also been requested to issue an order for winding up the bank and appoint a liquidator.

Reserve Bank amends master direction on KYC

Reserve Bank amends master direction on KYC

Wed, Nov 06, 2024

The Reserve Bank on Wednesday made changes to the Know Your Customer (KCC) norms to align them with recent amendments carried out in the Prevention of Money Laundering (Maintenance of Records) Rules and revised certain existing instructions.

Nearly 98% of Rs 2000 banknotes returned; Rs 6,970 crore worth notes still with public

Nearly 98% of Rs 2000 banknotes returned; Rs 6,970 crore worth notes still with public

Mon, Nov 04, 2024

The Reserve Bank of India (RBI) on Monday said 98.04 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,970 crore worth such notes are still with the public.

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RBI cuts repo rate by massive 75 bps, maintains accommodative stance

RBI cuts repo rate by massive 75 bps, maintains accommodative stance

Fri, Mar 27, 2020

The Reserve Bank of India on Friday cut the repo rate by 75 basis points, in the wake of extraordinary circumstances created by coronavirus outbreak

PROCESS EXPLAINED: Money transferred in wrong bank account? Don't worry, do this!

PROCESS EXPLAINED: Money transferred in wrong bank account? Don't worry, do this!

Tue, Mar 24, 2020

RBI guidelines for wrong NEFT says if you have transferred money in a wrong bank account, then you can get your money back into your account within 24 to 48 working hours.

Debit, credit card user? RBI has this good news for you

Debit, credit card user? RBI has this good news for you

Fri, Mar 20, 2020

RBI has made some guidelines for PAs and PGs that will ensure the safety of the debit, credit card users from online skimming frauds.

RBI extends Rs 60,000-cr credit line to Yes Bank

RBI extends Rs 60,000-cr credit line to Yes Bank

Fri, Mar 20, 2020

Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund, the sources added.

RBI move on dollar liquidity re-assuring; rate cut appears very much on cards: Assocham

RBI move on dollar liquidity re-assuring; rate cut appears very much on cards: Assocham

Tue, Mar 17, 2020

Speaking at a hurriedly-called press conference in Mumbai, Das said the Reserve Bank has "enough policy tools and stands ready to take any measures" needed to help the economy tide over the impact of the coronavirus pandemic.

RBI Assistant prelims result marksheet released at rbi.org.in: Here is how to check

RBI Assistant prelims result marksheet released at rbi.org.in: Here is how to check

Mon, Mar 16, 2020

RBI Assistant prelims result marksheet: The wait is over! The Reserve Bank of India or RBI has published the merit list for the recruitment exam held for the post of assistant. The candidates who appeared for the examination can now check the sheets on RBI's official website - rbi.org.in.

Yes Bank depositors' money safe; moratorium to be lifted on 18th, says RBI Governor Shaktikanta Das

Yes Bank depositors' money safe; moratorium to be lifted on 18th, says RBI Governor Shaktikanta Das

Mon, Mar 16, 2020

The Yes Bank moratorium will be lifted on Wednesday evening, Reserve Bank of India Governor Shaktikanta Das announced on Monday afternoon. In a press conference, the RBI governor said that swift action has been taken by the Central Bank and Government of India on the matter.

Results of Yes bank's Q3 announced, net loss of Rs. 18,564 crore reported

Results of Yes bank's Q3 announced, net loss of Rs. 18,564 crore reported

Sun, Mar 15, 2020

Private sector Yes Bank reported a net loss of Rs 18,564 crore during the third quarter (October-December, 2019) of the current financial year. The bank had a net profit of Rs 1,000 crore in the same period last fiscal.

Cabinet's green signal to restructuring plan of troubles facing Yes Bank

Cabinet's green signal to restructuring plan of troubles facing Yes Bank

Sun, Mar 15, 2020

Recently, Indian Cabinet gives green signal to the restructuring plan of Yes Bank, who was earlier facing too much trouble to stand.

SBI says tax cuts, and not interest rate cuts, can lift consumption

SBI says tax cuts, and not interest rate cuts, can lift consumption

Thu, Mar 12, 2020

In case of top eight state-run banks, corporate credit declined by Rs 81,535 crore between December 2018 and December 2019, while during the same period the top three private banks' corporate pie grew by Rs 1.04 lakh crore.

SBI boost for Yes Bank! Share price rockets over 29 pct!

SBI boost for Yes Bank! Share price rockets over 29 pct!

Wed, Mar 11, 2020

SBI announcement to buy 49 per cent shares in Yes Bank has turned around the morale of stock market investors in regard to the private lender.

ED detains Yes Bank's founder Rana Kapoor to interrogate till March 11

ED detains Yes Bank's founder Rana Kapoor to interrogate till March 11

Mon, Mar 09, 2020

The Enforcement Directorate detains the Yes Bank's founder Rana Kapoor to interrogate till March 11. Today, the Central Bureau of Investigation also raided at so many places in Delhi & Mumbai.

RBI gets bids worth Rs 48,856 crore for Rs 25,000 cr LTRO

RBI gets bids worth Rs 48,856 crore for Rs 25,000 cr LTRO

Mon, Mar 09, 2020

The RBI received 37 bids in the LTRO with a reversal date on March 7, 2023. "The total bids that were received amounted to Rs 48,856 crore, implying a bid to cover ratio (i.E., the amount of bids received relative to the notified amount) of 2," RBI said in a release.

Debit, credit card alert! This feature to be discontinued from March 16

Debit, credit card alert! This feature to be discontinued from March 16

Mon, Mar 09, 2020

In a big news for Debit card and Credit card users, the Reserve Bank of India has issued a notification stating that by March 16, 2020, credit or debit cards from which no online or contactless transactions were made, will be discontinued.

Yes Bank: Now, customers may withdraw cash from any bank's ATM

Yes Bank: Now, customers may withdraw cash from any bank's ATM

Sun, Mar 08, 2020

The Yes Bank gives news of relief to its customers. Yes Bank, finalized that customers may withdraw cash from any bank's ATM.

Yes Bank: Now, customers may withdraw cash from any bank's ATM

Yes Bank: Now, customers may withdraw cash from any bank's ATM

Sun, Mar 08, 2020

The Yes Bank gives news of relief to its customers. Yes Bank, finalized that customers may withdraw cash from any bank's ATM.

Yes Bank latest update: Future plans after RBI puts a cap on money withdrawal

Yes Bank latest update: Future plans after RBI puts a cap on money withdrawal

Fri, Mar 06, 2020

Yes Bank latest update: Future plans after RBI puts a cap on money withdrawal

Yes Bank Crisis: Indian FM assure customers that their money is safe, As RBI puts cap on money withdrawal

Yes Bank Crisis: Indian FM assure customers that their money is safe, As RBI puts cap on money withdrawal

Fri, Mar 06, 2020

Yes Bank Crisis: As Reserve Bank of India puts a cap on Yes bank money withdrawal, Indian Finance Minister Nirmala Sitharaman assure customers that their money is safe in the bank & there is no need to worry.

RBI Governor: 'Decision on Yes Bank' took to bring stability in banking sector

RBI Governor: 'Decision on Yes Bank' took to bring stability in banking sector

Fri, Mar 06, 2020

Reserve Bank of India Governor Shaktikanta Das said that the decision on the Yes Bank has been taken to bring stability in the banking sector.

Reserve Bank of India overtakes Yes Bank after dissolving its board

Reserve Bank of India overtakes Yes Bank after dissolving its board

Fri, Mar 06, 2020

Former State Bank of India Chief financial officer Prashant Kumar has become the administrator after Reserve Bank of India overtakes Yes Bank after dissolving its board.

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