RBI To Discontinue Incremental Cash Reserve Ratio Requirement For Banks, Funds To Be Released In Phases
This will be done to ensure that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner, a statement issued by the RBI said on Friday.
Sep 08, 2023, 15:08 PM IST
RBI To Highlight Digital Payments Infrastructure At G20 Summit
According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.
Sep 06, 2023, 08:50 AM IST
2,000 Denomination Notes Worth Rs 3.32 Lakh Crore Received Back Till Aug 31
Thus, 93 percent of the Rs 2,000 banknotes in circulation, as of May 19, have since been returned, the central bank said.
Sep 01, 2023, 21:08 PM IST
93% Of Rs 2000 Denomination Notes Return From Circulation Since May 19: RBI
According to data gathered from banks, ₹3.32 lakh crore worth of ₹2000 banknotes were returned from circulation up to August 31, 2023. Consequently, the amount of ₹2000 banknotes in circulation by August's end was a mere ₹0.24 lakh crore.
Sep 01, 2023, 20:47 PM IST
RBI Giving Rs 4.62 Crore Upon Deposit Of Rs 12,500? Know The Truth Behind This Viral Message
The Reserve Bank of India has, on several occasions in the past, cautioned the members of public not to fall prey to fictitious offers / lottery winnings / remittance of cheap funds in foreign currency from abroad by so-called foreign entities/ individuals or to Indian residents acting as representatives of such entities/individuals.
Aug 30, 2023, 14:40 PM IST
RBI Launches UDGAM Web Portal; Customers Can Search Unclaimed Deposits Across Multiple Banks Now
The launch of the web portal will aid users to identify their unclaimed deposits and accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks, a statement issued by RBI said.
Aug 18, 2023, 08:54 AM IST
RBI Raises Per Transaction Limit For UPI Lite To Rs 500 From Rs 200 To Promote Digital Transaction
Presently, a limit of Rs 200 per transaction and an overall limit of Rs 2,000 per payment instrument has been prescribed by the Reserve Bank for small value digital payments in offline mode, including for National Common Mobility Card (NCMC) and UPI Lite.
Aug 10, 2023, 13:47 PM IST
Sensex Slumps After Hawkish Tone In RBI Policy
BSE Sensex is trading down 326 points after RBI policy announcement at 65,669 points.
Aug 10, 2023, 11:30 AM IST
Fact Check: Do Star Series Banknotes Have A Legal Tender? Know What RBI Clarifies
The adoption of the "STAR series" numbering system marked a significant step in managing defectively printed banknotes. When an issue was discovered in a packet of 100 banknotes, instead of recalling the entire packet, the RBI initiated the practice of replacing only the defective notes with the Star Series banknotes.
Jul 27, 2023, 18:41 PM IST
RBI Permits Banks To Open Vostro Accounts From 22 Countries For Trade In Rupee
This would enable exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange market.
Jul 27, 2023, 12:43 PM IST
India's Industrial Output Rose 5.2% In May
Electricity generation during May rose 0.9 percent over the same period a year earlier, while mining activities increased 6.4 percent, the data showed.
Jul 12, 2023, 18:59 PM IST
India's Retail Inflation Rises To 4.81% In June
"The higher-than-expected inflation has been led by vegetables, pulses, and protein-rich items. Weather-related disruptions are expected to keep prices of perishable food items elevated in the near term, says Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank, Mumbai."
Jul 12, 2023, 18:19 PM IST
RBI Issues Latest Guidelines On Debit, Credit cards --Read New Rules Here
The RBI circular is issued regarding arrangements with card networks for the issue of debit, credit and prepaid cards,.
Jul 06, 2023, 10:21 AM IST
E-Commerce Growth In India To Hit $150 Billion By 2026: Report
UPI’s dramatic success derives largely from its seamless interoperability with commercial wallets such as Google Pay, Paytm, and PhonePe, the report said.
Jul 05, 2023, 17:59 PM IST
Gross NPAs Of Banks Fell To 10-Year Low Of 3.9% In March: RBI Report
The macro stress tests for credit risk reveal that scheduled commercial banks (SCBs) would be able to comply with the minimum capital requirements even under severe stress scenarios, the report emphasised.
Jun 28, 2023, 19:00 PM IST
Bank Holidays This Week: Bank Branches To Remain Closed For 5 Days - Check City-Wise List Here
Here is the full list of bank holidays falling this week.
Jun 26, 2023, 09:21 AM IST
Fight Against Inflation Not Over, Job Only Half Done: RBI Governor
RBI unanimously decided to keep the repo rate unchanged at 6.5 percent for the second straight time. The repo rate is the rate of interest at which RBI lends to other banks.
Jun 22, 2023, 20:10 PM IST
Amazon To Collect Expiring 2,000-Rupee Notes From Indian Customers
India's central bank (RBI) decided last month to withdraw the largest denomination notes from circulation, asking people to deposit or exchange them at banks by the end of September.
Jun 21, 2023, 18:06 PM IST
'Wrong Interpretation Of RTI Info': RBI Dismisses Reports Of Missing Banknotes
The Reserve Bank of India (RBI) has come across reports circulating in certain sections of the media alleging missing banknotes printed by banknote printing presses.
Jun 18, 2023, 00:20 AM IST
Your Bank Account To be Closed If It Has More Than Rs 30,000? Know The Truth Behind This Viral Post
As per a viral message, RBI Governor Shaktikanta Das has announced a new rule for maximum bank balance amount. Know the truth behind the message.
Jun 16, 2023, 16:48 PM IST
