Reserve Bank Of India
Reserve Bank Of India News
RBI plans light weight and portable payment system for critical transactions during catastrophic events
The system is specifically designed to facilitate crucial payments, and also sustain the liquidity flow of the economy
Banks to be closed for 12 days in June: See full list of holidays
It is recommended to refer to the RBI holiday calendar before visiting your bank and organise your tasks accordingly to prevent any inconvenience
RBI’s Clean Note policy: Why the central bank decided to withdraw Rs 2,000 notes from circulation
The RBI consistently oversees the quality of currency notes in circulation and establishes criteria for determining their acceptability
Confused over Rs 2000 notes? RBI governor Shaktikanta Das clears the air
For the first time since the surprise decision to withdraw the highest denomination currency note was announced, RBI Governor Shaktikanta Das cleared the air and said the decision was part of currency management of the central bank
Those who accumulated Rs 2,000 notes illegally are crying over RBI's decision to withdraw them: Anil Vij
Rs 2,000 notes will continue to be legal tender and can be exchanged or deposited in banks. Those who have them can go to a bank and deposit them or get them exchanged
Why has RBI withdrawn Rs 2000 notes? How is this different from demonetisation?
The RBI has decided to withdraw Rs 2000 denomination of banknotes from circulation under the clean note policy. People have been advised to deposit the currency, which was introduced six years ago, into their bank accounts or swap them for notes of other denominations at any bank
As inflation seems to be easing, RBI's Monetary Policy Committee should wait and watch
An uncertain monsoon, high inflation until February, but a confident growth potential call on the regulator to wait at least until August, keeping the repo rate unchanged in June
Bank Holiday 2023: Bank to remain shut for 12 days in May, check full list of holidays
In May, banks will remain shut on various occasions such as May Day, Buddha Purnima, Rabindra Jayanti, Maharana Pratap Jayanti, among others.
India's UPI and Singapore's PayNow are now linked: How will this benefit users?
With the Unified Payments Interface (UPI) being connected to PayNow on Tuesday, Indians can now send money to their friends, coworkers, and relatives in Singapore via digital payment systems like Google Pay and PayTM
Explained: How RBI's repo rate hike could affect your loans, FDs
The RBI’s Monetary Policy Committee has decided to raise the repo rate – at which the central bank lends money to all commercial banks – by 25 basis points to 6.5 per cent. This is the sixth such hike since May 2022. Here’s what this means for the common man
RBI raises repo rate by 25 basis points to 6.5% from 6.25%
The Reserve Bank of India-led Monetary Policy Committee on Wednesday increased the repo rate, or the key rate at which the RBI lends short-term funds to commercial banks, to 6.50 per cent from 6.25 per cent
India to use G20 presidency to promote domestic digital services industry
According to officials, the Reserve Bank of India and National Payments Corporation of India, a state-backed company that runs UPI, had approached other nations about making their payments systems 'interoperable' with the technology, as a part of this digital diplomacy campaign
RBI revises rules for bank lockers; check what changes are effect from 1 January
The central bank has mandated that all banks must offer updated locker agreements to their customers who use safe deposit lockers
RBI introduces new norm, allows banks to sell loans before 'default' tag
The modification of the rules coincides with India's transition to a more modern system of accounting (IND-AS), where provisions are made for anticipated credit losses rather than real defaults.
India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?
On 1 December, India will join the list of countries that have introduced a Central Bank Digital Currency (CBDC). From China to The Bahamas, around 100 nations are exploring centralised virtual currency at some level or another
FDI in Indian media: How the scene changed since post liberalization
When FDI started coming in various sectors of the Indian economy, it impacted the Indian media in a big way
UCO Bank raises FD rates, launches two special schemes; details here
UCO bank now gives 5.5 percent interest on FDs maturing in 5 years or more
How will digital rupee rollout impact physical currency?
The Reserve Bank of India (RBI) has launched its pilot project on the Central Bank Digital Rupee (CBDC) starting, 1 November. Here's what the experts told CNBC TV18
RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?
The Reserve Bank of India will roll out the digital rupee for the wholesale segment today as part of its pilot project. The digital rupee (CBDC) will give a big boost to the economy and positively change the banking scenario of the country
West Bengal govt breached loan limit with Reserve Bank, says BJP
Taking to Twitter, Suvendu Adhikari, the BJP MLA from Nandigram urged the Union Finance Ministry to advise the West Bengal government to generate internal revenues by modifying its land policy