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Central banking institution of India

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Reserve Bank of India: Central banking institution of India
The Reserve Bank of India (RBI) is India's central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of the entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India.

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'COVID-19 is worst health and economic crisis in last 100 years': RBI Governor [Video]

'COVID-19 is worst health and economic crisis in last 100 years': RBI Governor

Reserve Bank of India (RBI) Governor, Shaktikanta Das joined virtual 7th SBI Banking and Economics Conclave on July 11. He said that COVID-19 is the worst health and economic crisis in last 100 years...

Credit: ANI     Duration: 01:33Published
Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended [Video]

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended

Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40..

Credit: ANI     Duration: 01:14Published
Equity indices flat ahead of RBI Governor's press meet [Video]

Equity indices flat ahead of RBI Governor's press meet

Equity benchmark indices were flat during early hours on Friday as Reserve Bank of India (RBI) governor Shaktikanta Das prepared to address a press conference. Reports said he could announce the..

Credit: ANI     Duration: 01:01Published

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RBI may need to choose between FX, bond interventions in second half - economists

The Reserve Bank of India's interventions in the foreign exchange market have helped reserves climb to a record $501.7 billion in early June, but economists say the pace of increase is likely to taper..
Reuters India - Published

New proposal to ban crypto in India

new proposal to ban crypto in india
India intends to completely ban cryptocurrency, according to a senior government source. In March, the Supreme Court of India cancelled an order from the Reserve Bank of India prohibiting financial..
WorldNews - Published

India sets out proposals for tighter governance at banks

The Reserve Bank of India (RBI) proposed on Thursday stricter governance rules for commercial banks, following a series of financial and governance problems at lenders in recent months.
Reuters India - Published

Indian carmakers offer teaser loans as RBI softens stance, sources say

Maruti Suzuki, Hyundai and Mercedes Benz are offering Indian car buyers "teaser loans", a move that sources said followed a softening of the central bank's stance due to a coronavirus-induced economic..
Reuters India - Published

RBI cuts rates again in off-cycle meeting to soften virus blow

The Reserve Bank of India on Friday slashed its key policy rate for a second time this year in an emergency meeting to counter the impact from a two-month long lockdown to contain the spread of the..
Reuters India - Published

Sensex, Nifty slide as RBI loan relief hits banks

Indian shares slid on Friday, as banks suffered following the central bank's decision to cut policy rates and extend a relief period for loan repayments by borrowers in an effort to contain the..
Reuters India - Published

Expert views: RBI cuts rates again to cushion virus impact

The Reserve Bank of India (RBI) on Friday slashed its key policy rate for a second time this year in an emergency meeting to counter the economic fallout from an ongoing nationwide lockdown to contain..
Reuters India - Published

Expert views: RBI unexpectedly slashes repo rate by 40 bps

The Reserve Bank of India (RBI) on Friday unexpectedly slashed its key policy rate for a second time this year, in a move to counter the economic fallout from an ongoing nationwide lockdown to contain..
Reuters India - Published

Sensex, Nifty slip after surprise RBI rate cut; Sino-U.S. tensions weigh

Indian shares fell on Friday, led by banking stocks, after the country's central bank cut its policy rate and extended a moratorium period for bank borrowers, while escalating U.S.-China tensions also..
Reuters India - Published

Raghuram Rajan says migrant workers need money for vegetables, cooking oil, shelter; foodgrains not enough

Calling India's Rs 20.9 lakh crore stimulus inadequate in providing for recovery of an economy pummelled by COVID-19, former RBI Governor Raghuram Rajan has said the package gives free foodgrains but..
IndiaTimes - Published

RBI may need to aggressively cut rates alongside fiscal stimulus - economists

The Indian government's frugal economic stimulus package has put pressure on the Reserve Bank of India to intervene, as analysts and economists say measures announced so far are unlikely to have any..
Reuters India - Published

PM Narendra Modi raises stimulus size to 10% of GDP

PM Modi said a package, which includes measures already announced by the RBI and the finance ministry, would be equal to 10% of the country’s gross domestic product (GDP). The RBI had announced..
IndiaTimes - Published

PM Modi announces Rs 20 lakh crore special economic package

Prime Minister Narendra Modi announced a special economic package, and said the recent decisions by the government, the decisions by the RBI combined with Tuesday's financial package announcement come..
IndiaTimes - Published

PAC will examine lockdown's economic impact; may call RBI governor: Adhir Chowdhury


IndiaTimes - Published

Why EMI moratorium not applicable to interest, SC asks RBI


IndiaTimes - Published

RBI should ask banks to show unrecovered loans of fugitives as 'outstanding', says Chidambaram


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Bank employees with disabilities allowed “special leave without loss of pay” during lockdown

The department of financial services of the ministry of finance has issued an advisory to all public sector banks and insurance companies to treat absence of employees with disabilities during the..
IndiaTimes - Published

Lockdown needs to be lifted in 'measured' way, but 'as fast as possible': Former RBI governor Raghuram Rajan

However, he pointed out that certain precautionary measures need to be established after the lockdown is lifted.
DNA - Published

CPM slams govt for RBI loan write-offs, says Modi has money for Mehul Choksi but not for India’s poor


IndiaTimes - Published

Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds

franklin templeton impact: rbi announces rs 50,000 cr special liquidity facility for mutual funds
The Reserve Bank of India (RBI) on Monday announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. . @RBI..
WorldNews - Published

RBI should have put money into people's pocket: Congress


IndiaTimes - Published

RBI measures will maintain adequate liquidity in system, boost economic recovery: Rajnath Singh


IndiaTimes - Published

RBI measures will help protect livelihoods of people: JP Nadda


IndiaTimes - Published

Disappointed with RBI announcements, need more measures to help poor: Congress

Congress said the government should take more measures to mitigate the problems of the poor people suffering due to the coronavirus-induced lockdown. Senior Congress leader Ajay Maken claimed the..
IndiaTimes - Published

Coronavirus in India LIVE updates: RBI Governor Shaktikanta Das addresses media

Here are the LIVE updates from Friday, 17 April 2020
DNA - Published

Covid-19: Allow states to directly borrow from RBI, says Kerala FM Thomas Isaac

As states scramble to raise funds to fight the coronavirus pandemic, Kerala Finance Minister Thomas Isaac has urged the Centre to liberalise its fiscal policy by printing more currency and allowing..
IndiaTimes - Published

RBI Governor to Address Media Day After Centre's Rs 1.7 Lakh Crore Coronavirus Relief Package

rbi governor to address media day after centre's rs 1.7 lakh crore coronavirus relief package
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das will address a press conference on Friday, a day after the Centre announced a Rs 1.7 lakh crore economic package for the country’s poor..
WorldNews - Published

Yes Bank customers can now withdraw money from ATMs using debit cards

The Reserve Bank of India has restricted the withdrawal limit to Rs 50,000 per account for till April 3, 2019 for Yes Bank customers.
DNA - Published

Concern over Lord Jagannath's Rs 545 crore in Yes Bank

Devotees of Lord Jagannath and priests at the centuries-old temple in Puri are worried following RBI restrictions on Yes Bank where Rs 545 crore is deposited in the deity's name.
IndiaTimes - Published

Yes Bank shares tank 50% after RBI caps withdrawal limits to Rs 50,000

yes bank shares tank 50% after rbi caps withdrawal limits to rs 50,000
Beleaguered Yes Bank’s share prices dropped 50% on Friday after the RBI capped withdrawal limits to Rs 50,000 last night. At 11:00 AM the stock was trading at Rs 18.40, down by half on the NSE. In a..
WorldNews - Published

Supreme Court of India quashes RBI ban on cryptocurrency

supreme court of india quashes rbi ban on cryptocurrency
The quashing of RBI ban on cryptocurrency by the Supreme Court of India has bought cheers to the country’s crypto community. In the much-awaited hearing scheduled on Wednesday, the SC struck down the..
WorldNews - Published

Top News of the Day, Feb 6, 2020: PM Modi's reply in Parliament, RBI's monetary policy and more

In top news of the day, Prime Minister Narendra Modi launched an all-out attack on the opposition as he replied to a debate on Motion of Thanks to the President's Address in Parliament. In another..
DNA - Published

RBI Assistant Recruitment 2019: Last date for registration process today, apply @ rbi.org.in

The official notification released by RBI stated that there are as many as 926 vacancies across various branches for the post of Assistant in the Reserve Bank of India.
DNA - Published

Indian Supreme Court Resumes Hearing Crypto Case in Detail

indian supreme court resumes hearing crypto case in detail
Advertisment India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association..
WorldNews - Published

BJP MP seeks to calm depositors after RBI imposes curbs on Bengaluru Co-operative bank

Days after the Reserve Bank of India (RBI) capped the withdrawal limit of Sri Guru Raghavendra Co-operative Bank to Rs 35,000, BJP MP Tejasvi Surya on Monday reassured account holders and said finance..
IndiaTimes - Published

Raghuram Rajan backs Deepika Padukone's silent protest, EC Lavasa's impartial duty

Backing Deepika Padukone, former RBI governor Raghuram Rajan said the actress' silent protest against JNU violence as also Election Commissioner Ashok Lavasa doing his duty impartially despite..
IndiaTimes - Published

India’s aim to become $5trillion economy by 2025 is impossible, former RBI governor Rangarajan says

India’s aim to become a $5 trillion economy by 2025 is not possible with the current economic growth rate, former Reserve Bank of India governor and former chairman of Prime Minister’s Economic..
IndiaTimes - Published

Mobile Aided Note Identifier app launched by RBI to help the visually challenged identify currency notes

Technological progress has opened up new opportunities for making Indian banknotes more accessible for the visually challenged, which will help them avail day-to-day transactions.
DNA - Published

PMC Bank depositors detained while protesting outside CM Thackeray's house

The depositors also held protests outside Reserve Bank of India (RBI)'s office in Mumbai, where people especially women were heard sloganeering- "We Want Justice" and were holding placards with Hindi..
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Highways ministry urges RBI to exempt FASTags from KYC norm

Currently, vehicle owners need to give details of the vehicle, including its registration proof, and also relevant documents for individual identity and address to acquire FASTags. This process takes..
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SC to consider according hearing in January on plea seeking stay on electoral bond scheme

A bench, comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant, was told by lawyer Prashant Bhushan that around Rs 6,000 crore had been collected under the scheme, which have been..
IndiaTimes - Published

As High Court clears the way, Kerala to get its own bank soon

Earlier, the Reserve Bank of India (RBI) too had expressed its approval for the setting up of the Kerala Bank, asserting that it would be the largest banking network across the state.
DNA - Published

Electoral bonds have made corruption official: Congress in Lok Sabha

Raising the issue during Zero Hour, Manish Tewari said despite reservations expressed by the Reserve Bank of India and the Election Commission, the government went ahead with the scheme. Congress..
IndiaTimes - Published

Cong says govt overruled RBI to introduce electoral bonds, wants scheme scrapped


IndiaTimes - Published

Congress slams government, says 'electoral bonds must be scrapped'

The Congress on Monday alleged that the Modi government had overruled the RBI to introduce electoral bonds to enable "black money to enter the BJP coffers" and demanded that the scheme be scrapped..
IndiaTimes - Published

Raghuram Rajan should join politics, Anurag Thakur hits out at RBI governor


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PMC Bank Case: Former chairman Waryam Singh, HDIL directors sent to police custody till October 16

Last month, the RBI restricted the activities of the PMC Bank for six months and asked it to not grant or renew any loans and advances
DNA - Published

Majoritarianism taking India down ‘dark and uncertain path’: Rajan

The former RBI head also made a dark prognosis for the economy, stating in a recent lecture that the government’s economic performance is not sustainable and that there is a risk of the country going..
IndiaTimes - Published

RBI officer grade B recruitment 2019: Check exam date, syllabus, paper pattern

rbi officer grade b recruitment 2019: check exam date, syllabus, paper pattern
RBI officer grade B recruitment 2019: The Reserve Bank of India (RBI) released the dates for the officer grade B recruitment examinations. The officer grade B examination will be conducted on November..
WorldNews - Published

Gurudwaras worry over funds locked in PMC Bank

The curb on withdrawal has been imposed by the Reserve Bank of India (RBI) after the fraud came to light.
DNA - Published


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