Linking Aadhaar to bank accounts mandatory, says RBI
New Delhi: Reserve Bank of India today said biometric identity number Aadhaar linkage with bank accounts is mandatory. The RBI clarification followed media reports quoting a reply to a Right to Information application that suggested the apex bank has not issued...
RBI ने नहीं दिया दिवाली से पहले सस्ती ईएमआई का गिफ्ट, बताई ये बड़ी वजह
नई दिल्ली: बुधवार को रिजर्व बैंक ऑफ इंडिया (आरबीआई) की सेंट्रल मॉनेटरी कमेटी ने मौद्रिक नीति की समीक्षा करते हुए रेपो रेट में किसी तरह का कोई बदलाव नहीं किया है। इससे लोगों को दिवाली पर सस्ती ईएमआई का गिफ्ट...
RBI leaves repo rate unchanged at 6%; cuts GVA growth estimate to 6.7%
New Delhi: The six-member Monetary Policy Committee (MPC) of Reserve Bank of India, headed by Governor Urjit Patel, on Wednesday left the short-term lending rate, also known as repo rate, unchanged at 6 per cent. The committee also did not tweak...
RBI includes HDFC Bank in ‘too big to fail’ list
New Delhi: The Reserve Bank of India today included HDFC Bank in the list of 'too big to fail' lenders, referred to as D-SIB or domestic systemically important bank. India's largest lender SBI and private sector major ICICI Bank were classified...
Hope I won’t be defence minister for long: Arun Jaitley goes nudge nudge wink wink
New Delhi: Defence Minister Arun Jaitley has hinted that he would not be serving the post for long. Responding to a poser, during a press briefing, on his tenure as the defence minister, the union minister said, "At least I...
Post demonetisation, merely 1.4 percent Rs1000 notes not returned, says RBI
New Delhi: All but 1.4 per cent of the old Rs 1,000 notes have come back into the banking system post demonetisation, the Reserve Bank said today. In its annual report for 2016-17, the RBI said that out of 632.6 crore...
नोटबंदी: 16 हज़ार करोड़ नहीं लौटे वापस
नई दिल्ली: रिज़र्व बैंक ऑफ इंडिया (आरबीआई) ने बुधवार को 2016-17 की अपनी वार्षिक रिपोर्ट जारी कर दी. रिपोर्ट में आरबीआई ने बताया है कि नोटबंदी के बाद चलन से बाहर किए गए 500 और 1000 रुपये के पुराने नोटों...
RBI to introduce Rs 200 notes by September
New Delhi: Finance minister Arun Jaitley on Wednesday said the government is not considering a ban on Rs 2000 notes, and that the Reserve Bank of India (RBI) will decide on the timing of the release of the new Rs...
RTI stunner: Banks report fraud of Rs 23,933 crore in 5077 cases in 2016-17
Representational Pic Nagpur: Behold! This RBI information will leave you stunned. The number of frauds in nationalised banks reported in the financial year 2016-17 stood at 5077 and the amount involved is staggering Rs 23,933.91 crore. The frauds pertained to...
RBI slashes the Repo Rate by 0.25 percent; Loans anticipated to get cheaper
New Delhi: In its third bi-monthly monetary policy review, the Reserve Bank of India today declared a 0.25 percent cut in the Repo rate- the rate at which the central bank lends short-term money to banks. Bringing the Repo rate...
RBI asks banks to enable account number portability
Mumbai: RBI Deputy Governor S S Mundra has asked banks to work towards account number portability as it will be a far-reaching step towards enhancing competition and improving customer service. Speaking at the annual conference of banking ombudsmen in Mumbai recently,...
RBI taking scrapped notes from Coop banks but condition applied!
Representational pic Nagpur: Following the Supreme Court's diktat, the Reserve Bank of India may have started accepting the scrapped currency notes of Rs 500 and Rs 1000 from district central cooperatives (DCCBs), the move comes with a rider. A notification...
RBI places print order for Rs 200 notes
New Delhi: RBI to introduce Rs 200 notes, printing order has been placed, a news agency reported. Almost eight months after Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1,000 (now old) notes, the RBI has started printing...
Demonetisation: SC asks Centre to give genuine cases ‘another chance’
New Delhi: In a big relief to all those who are bearing the brunt of demonetisation, the Supreme Court on Tuesday rapped the Centre and asked them to give another chance to "genuine people to deposit old notes". The Centre has...
For another month, cooperative banks can deposit scrapped notes with RBI
Nagpur/New Delhi: As the reports of district cooperative banks unable to shell out enough cash to extend immediate cash relief of Rs 10,000 to farmers it swung into action on an urgent basis. The government has allowed district cooperative banks...
The new phase of RBI-finance ministry conflict
New Delhi: In media and India’s financial circle, speculation is mounting on the “deteriorating” relationship between the finance ministry and the Reserve Bank of India (RBI) and the “attack” on the central bank’s autonomy. During the so-called demonetisation exercise in November-December...
RBI lowers growth forecast to 7.3% for FY18
New Delhi: The Reserve Bank today marginally lowered the economic growth forecast for the current fiscal to 7.3 per cent even as it hoped that remonetisation would enable pick-up in consumer spending, especially in the cash-intensive segments. The Central Statistics Office...
President Pranab Mukherjee signs ordinance empowering RBI to act directly against top loan defaulters
New Delhi: President Pranab Mukherjee today consented to an ordinance empowering RBI for effective resolution of NPAs. The ordinance authorises the central bank to direct banks to start insolvency procedures in case of a loan default. The ordinance that will amend...
India’s retail inflation jumps to 3.65% in March
New Delhi: India's retail inflation rate rose to 3.81 per cent in March from February's 3.65 per cent, mirroring a revival in household spending after months of waning demand triggered by a demonetisation-induced cash crunch. The Reserve Bank of India (RBI),...
Scramble to exchange money as March 31 deadline nears
New Delhi: The queues at the designated RBI offices seem to be spilling over as the deadline for exchange of invalid notes by residents who were abroad during the cash ban window draws to a close on Friday. The anxiety is...
RBI gift to nation on Holi: Removes limit on cash withdrawal
New Delhi :The limit on cash withdrawals from savings bank account has been lifted from Monday. The Reserve Bank of India, in a notification issued on January 30, had announced that from March 13 all limits on cash withdrawal from...
