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Banks, payment cos to pay Rs 10 lakh penalty for non-compliance with payment normsEconomy
Banks, payment cos to pay Rs 10 lakh penalty for non-compliance with...

Mumbai: The Reserve Bank of India (RBI) on Thursday revised the framework for imposing monetary penalty and compounding...

30 Jan 2025 11:08 PM IST

Core Inflation Dips to 5.22 Percent in Dec Amid Falling Food PricesBusiness
Core Inflation Dips to 5.22 Percent in Dec Amid Falling Food Prices

New Delhi: Bringing the Reserve Bank of India’s (RBI’s) tolerance band back to the limit of 2- 6 per cent,...

13 Jan 2025 8:00 PM IST

RBI Buys 8 Tonnes of Gold in NovTamil Nadu
RBI Buys 8 Tonnes of Gold in Nov

Chennai: The Reserve Bank of India continued adding gold to its reserves in November. It added 8 tonnes of gold, lifting...

6 Jan 2025 9:29 PM IST

RBI Article Highlights Need for Infrastructure Focus Amid Welfare SchemesCurrent Affairs
RBI Article Highlights Need for Infrastructure Focus Amid Welfare...

New Delhi: Reserve Bank of India (RBI) article on Tuesday said sops in states’ 2024-25 budgets like...

24 Dec 2024 9:39 PM IST

RBI Allows Small Finance Banks to Give Credit on UPIEconomy
RBI Allows Small Finance Banks to Give Credit on UPI

Mumbai: The Reserve Bank of India (RBI) on Friday allowed small finance banks (SFBs) to offer pre-sanctioned...

6 Dec 2024 8:57 PM IST

RBI Asks Payment Providers to Improve Accessibility for People With DisabilitiesNation
RBI Asks Payment Providers to Improve Accessibility for People With...

Mumbai: The Reserve Bank of India (RBI) on Friday asked banks to review their payment systems to ensure easier...

11 Oct 2024 8:56 PM IST

RBI Directs Banks to Comply Guarantee Contract With FEMAEconomy
RBI Directs Banks to Comply Guarantee Contract With FEMA

Mumbai: The Reserve Bank of India (RBI) has asked banks to ensure that any guarantee contracts they advise or facilitate...

10 Oct 2024 10:41 PM IST

Monetary Transmission Improves With Formality in Labour Market Says RBI StudyEconomy
Monetary Transmission Improves With Formality in Labour Market Says...

Mumbai: A contractionary monetary policy leads to a decline in inflation and a decline in growth after a lag, found a...

1 Oct 2024 11:50 PM IST

RBI Cautions on Regional Disparities in Agri CreditNation
RBI Cautions on Regional Disparities in Agri Credit

Mumbai: Even as institutional credit for agriculture has grown at an all-time high, regional disparities persist, said...

16 Sept 2024 9:50 PM IST

India’s Growth Potential Is More Than 7.5% Says RBI Gov DasEconomy
India’s Growth Potential Is More Than 7.5% Says RBI Gov Das

Mumbai: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that even as India’s Consumer Price...

13 Sept 2024 9:12 PM IST

RBI slaps Rs 2.91 crore penalty on Axis Bank and HDFC BankEconomy
RBI slaps Rs 2.91 crore penalty on Axis Bank and HDFC Bank

Mumbai: The Reserve Bank of India (RBI) has imposed penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for...

10 Sept 2024 9:43 PM IST

RBI to Launch ULI for Frictionless Credit Small, Rural BorrowersEconomy
RBI to Launch ULI for Frictionless Credit Small, Rural Borrowers

Mumbai: The Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said that the central bank was set to launch...

26 Aug 2024 8:57 PM IST

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