RBI hikes housing loan limit of cooperative banks by 100%
Central bank has permitted rural cooperative banks to extend finance to commercial real estate, Das said.
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RBI clarifies “No such proposal in the Reserve Bank” for changing existing currency and banknotes
RBI clarifies that no changes are expected to the current banknotes in circulation and the rumours in the media should not be considered.
RBI expected to move for another rate hike of 0.40% at review of monetary policy next week
RBI going for another round of rate hikes in the next week's review of monetary policy
RBI Governor hints considering more rate hikes in coming meetings
Governor Shaktikanta Das said the RBI will also announce a revised inflation projection at its June meeting.
RBI allows settlement of trade transactions with Sri Lanka in INR
Looking at the current economic crisis in Sri Lanka and the difficulties faced by exporters in getting payments from the failing island nation. The Reserve bank of India on Thursday allowed settlement of trade transactions in Indian rupees outside the Asian Clearing Union (ACU) mechanism.
RBI sold most foreign currency in March to defend falling rupee
The Reserve Bank of India has sold a net $20.1 billion in the spot foreign exchange market in the month of March to support slipping down rupee against the US dollar.
RBI rejects six banking license applications
The examination of the six applications was conducted as per the guidelines and then the necessary decisions were taken
RBI gets involved to save the rupee at all costs: Reports
According to Bloomberg, India's central bank is intervening in all foreign exchange markets and will continue to do so in order to safeguard the rupee, which hit a new low on Monday.
FPI pull over ₹6,400 crore from Indian equity markets
According to news agency PTI, foreign investors withdrew around 6,400 crore from the Indian equity market in the first four trading sessions of the current month after the Reserve Bank of India (RBI) and the US Federal Reserve boosted interest rates.
RBI Governor Das addresses the nation, increases repo rate by 40 bps
The Reserve Bank of India Governor Shaktikanta Das said made a statement today at 2 pm and the statement comes at a time when inflation has increased and remained over the RBI's upper tolerance band of 6%.
RBI plans to give preferential access to funding to PSBs with higher asset quality
According to the RBI, a lack of market discipline, implicit government guarantees, and recurrent and unconditional recapitalization of public sector banks could create a moral hazard problem.
RBI imposes penalty of Rs 1.12 crore on Bank of Maharashtra
The bank has violated Know Your Customer (KYC) norms & guidelines on outsourcing of financial services.
RBI approves Fino Bank & Suryoday Small Finance Bank partnership to offer FD & RD services
Fino Bank will offer the referral services of FD and RD to its over 3.9 million customers.
RBI imposes monetary fine on private lenders Axis & IDBI Bank
Axis Bank has been fined 93 lakh rupees, while IDBI Bank has been fined 90 lakh rupees by the Reserve Bank, according to an official statement issued by the Central bank on Friday.
RBI reduces Bharat Bill Payments System Operating Units from Rs 100 crore to Rs 25 crore
Das has also stated that the net worth requirement for the Bharat Bill Payments System Operating Units has been lowered from Rs 100 crores to Rs 25 crores only.
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