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Latest Articles in Reserve Bank of India RBI
RBI Imposes Restrictions On Indian Mercantile Cooperative Bank
The restrictions came into force from closure of business hours on January 28, 2022 (Friday).
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RBI To Conduct Overnight Variable Repo Rate Auction Of Rs 75,000 Cr Today
On January 20, the RBI had conducted an overnight variable rate repo (VRR) auction of Rs 50,000 crore.
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Digital Payments Record 40% Annual Growth At Sep-End 2021: RBI Data
The RBI-DPI Index continues to demonstrate significant growth in adoption and deepening of digital payments across the country the RBI said in a statement on Wednesday.
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India Remains Among Top Attractive Destinations For Global Investors: RBI
The article said foreign direct investment (FDI) plays a significant role in economic development of any country and supports economic growth by meeting the investment requirements of a capital deficit economy by bridging its saving-investment gap.
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Housing Finance Company, 8 NBFCs Surrender Certificates Of Registration To RBI
Indie Homefin cannot transact the business of a housing finance institution nor of a non-banking financial institution.
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India Inc's Overseas Direct Investment Dips Over 8% To $2.05B In Dec 2021
The domestic companies had invested USD 2.23 billion in their overseas joint ventures and fully-owned subsidiaries during December 2020 in the previous financial year.
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Jan Dhan Deposits Cross Rs 1.5 Lakh Crore
As per the finance ministry data, of the total 44.23 crore accounts, 34.9 crore were with the public sector banks, 8.05 crore with regional rural banks, and the rest 1.28 crore with private sector banks.
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Aligning LCR Norms For Small Biz Accounts With Basel Standards, RBI Hikes Funds Cap By 50%
The above modification is also applicable to deposits and other 'extensions of funds' received from small businesses, the regulator said, adding the new norms are applicable only to commercial banks.
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Omicron: Economists Expect RBI To Delay Policy Normalisation
Maharashtra recorded the maximum number of 653 Omicron cases followed by Delhi at 464, Kerala 185, Rajasthan 174, Gujarat 154 and Tamil Nadu 121 cases, taking the total tally of cases to 3,50,18,358.
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SBI, ICICI Bank, HDFC Bank Continue To Remain Systemically Important Banks: RBI
The framework requires the RBI to disclose the names of banks designated as D-SIBs starting from 2015 and place these lenders in appropriate buckets depending upon their Systemic Importance Scores (SISs).
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RBI Appoints Deepak Kumar, Ajay Kumar Choudhary As Executive Directors
As executive director, Kumar will look after the Foreign Exchange Department, Department of Communication and Deposit Insurance and Credit Guarantee Corporation, which is a wholly-owned subsidiary of the RBI.
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India's Current Account Slips Into Deficit In Q2, CAD Now At 1.3% Of GDP
India's current account surplus had stood at $6.6 billion or 0.9 per cent of GDP in the April-June 2021 quarter, while in the year-ago period (Q2FY22), the surplus had stood at $15.3 billion or 2.4 per cent of the GDP
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RBI Extends Deadline For Periodic KYC Update Till March 31
The RBI had extended the last date for updation of KYC by regulated entities till December-end because of the second wave of the coronavirus pandemic.
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Pvt Cryptocurrencies Pose Immediate Risks To Customer Protection: RBI
Longer-term concerns relate to capital flow management, financial and macro-economic stability, monetary policy transmission and currency substitution
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RBI Expresses Doubts Over Govt Meeting Fiscal Deficit Targets
While overall tax revenue front was boosted by a 55.79 per cent jump in gross tax collection to Rs 13,64,101 crore till October, up from Rs 8,75,591 crore in October 2020.
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