-
Forex reserves surge by $32.29 billion in six months, shows RBI report
Foreign currency assets, a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the repo
-
RBI modifies norms for undertaking government business by private banks
According to the modified norms, scheduled private sector banks, which are not under the PCA framework of the RBI, can undertake government business a
-
RBI sets up advisory group to assist regulatory review authority
Headed by SBI Managing Director S Janakiraman, the advisory group will assist the RRA by identifying regulations, guidelines, and returns that can be
-
RBI’s decision to support small businesses well-timed: Industry
Industry chamber CII said that opening of on-tap liquidity of Rs 50,000 crore till 31 March 2022 for health care sectors is encouraging
-
No punitive action if KYC not done: RBI
On April 30 State Bank of India had asked for KYC documents by post and e-mail last week after Money9 pointed out that the bank was asking customers t
-
RBI imposes Rs 3 crore penalty on ICICI Bank
A penalty of Rs 3 crore has been imposed on ICICI Bank for contravention of certain directions, RBI said
-
RBI sets up RRA to streamline regulations and reduce compliance
Reserve Bank of India Deputy Governor M Rajeshwar Rao has been appointed as the Regulations Review Authority
-
Failed digital transactions bothering you? Here’s how the Ombudsman can help you
The Reserve Bank Of India had introduced an Ombudsman Scheme for Digital transactions in 2019, under Section 18 of Payment and Settlement Systems Act
-
How will users withdraw money from mobile wallets at ATMs?
Although, mobile wallets do not have account numbers, but the prepaid instruments—mobile wallets—can become part of centralized payments systems:
-
First purchase of G-secs worth Rs 25,000 crore under Acquisition Programme 1.0 on April 15: RBI
On April 7, the RBI had said it will put in place a secondary market government securities acquisition programme or G-SAP 1.0 for this fiscal to enabl
