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.
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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.
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.
Thu, Jun 06, 2019
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.
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.
The RBI has cut benchmark interest rate by 0.25 per cent to bring down the interest rate. Slashing the repo rate by 25 bps by RBI is in sync with the expectations of the finance domain experts.
This policy, experts believe that monsoon will play major role in decision-making.
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