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Latest Articles in Reserve Bank of India RBI

RBI Turns Net Buyer Of US Dollar In April; Purchases USD 4.212 Bn

The central bank had net sold USD 5.699 billion of the US currency. It had purchased USD 20.25 billion and sold USD 25.949 billion in the spot market.

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Speed, Scale Of Vaccination To Shape Path Of Economic Recovery: RBI Report

The second wave of the pandemic has mainly hit the domestic demand, the RBI said in an article on the 'State of economy' written jointly by RBI Deputy Governor M D Patra and other officials.

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RBI Likely To Maintain Status Quo In August Policy: SBI Report

We expect a status-quo in August. We believe RBI would still try to find a marriage of convenience of regulatory and developmental measures and monetary policy in August policy,

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ED Arrests Former Maharashtra MLA In Money Laundering Case

The ex-MLA from the Peasants and Workers Party was arrested under sections of the Prevention of Money Laundering Act (PMLA) and is expected to be produced before a local court for further custody

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RBI Imposes Rs 11 Lakh Penalty On 2 Coop Banks

A penalty of Rs 6 lakh has been imposed on the Bijnor Urban Co-operative Bank Limited, and Rs 5 lakh on the National Urban Co-operative Bank Limited.

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Payments System Operators: RBI Imposes Restrictions On New Entities From Non-FATF Compliant Jurisdictions

The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing activities.

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Mobile Prepaid Recharge Facility On BBPS By August-End: RBI

BBPS is an integrated bill payment system that offers interoperable bill payment service to customers online as well as through a network of agents on the ground.

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WPI Inflation Hits Record High Of 12.94 % In May On Costlier Fuel

RBI pegged retail inflation at 5.1 per cent in this fiscal ending March 2022, with upside risks from higher commodity prices and re-emergence of higher supply constraints amidst the current phase of lockdowns.

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Exchanges To Suspend Trading In DHFL Shares From Monday

The move, aimed at avoiding 'market complications', comes against the backdrop of the National Company Law Tribunal (NCLT) approving Piramal Group's resolution plan for the bankrupt-DHFL.

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Sharpening Income Inequalities Telling Story Of 'Uneven' Economic Recovery Amid Pandemic: Ex-RBI Guv Subbarao

The ex-central bank governor further said that earlier expectations of a sharp economic recovery this year have been dashed by the new pandemic wave.

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Forex Reserves Cross USD 600 Bn Mark For First Time

The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component of the overall reserves

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RBI Extends Risk-Based Internal Audit System To HFCs

The provisions will apply to all deposit-taking HFCs, irrespective of their size, as well as non-deposit-taking HFCs with asset size of Rs 5,000 crore and above

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MFis 30-Plus Delinquency May Rise To 14-16 % In June: Report

Ground-level infrastructural and operational challenges, as well as restrictions on the movement of people, have impinged on the MFI sector's collection efficiency

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ATM Transactions Beyond Free Permissible Limit To Cost More From Jan 1

ATMs are deployed by banks for serving their own customers and also provide services to other banks' customers as acquirers where they earn interchange income.

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Credit Score Access Trailing Personal Loan Growth By Wide Margin: Report

49 per cent of first-time borrowers were less than 30 years old, 71 per cent were based in non-metro locations, and 24 per cent were women

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