Reserve Bank of India tells operators to set up 24x7 helpline for digital payments by Sep 2021
Mumbai/UNI: The RBI governor Shaktikanta Das on Friday announced the setting up of a 24X7 helpline for digital payment services to strengthen the facility.
RBI maintains repo rate for fourth consecutive time
Mumbai/UNI: Continuing the accommodative stance, the Reserve Bank of India (RBI) on Friday kept the key rates unchanged for the fourth time in a row.
Repo rate remains unchanged at 4 percent: RBI Guv Shaktikanta Das
New Delhi: Reserve Bank of India Governor Shaktikanta Das has said the Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 4 percent
No plan to pull out old series 100, 10 and 5 rupee notes: RBI
New Delhi/UNI: The Reserve Bank of India (RBI) on Monday clarified that it has no plan to withdraw old series banknotes of Rs 100, Rs 10 and Rs 5.
Instant loan app scam: Police arrest four people, including 2 Chinese nationals
Chennai/UNI: The Central Crime Branch (CCB) of Tamil Nadu police arrested four people, including two Chinese nationals, from Bengaluru in connection with instant microloan lending scam conducted via several mobile phone apps.
Response for PMC Bank resolution look positive: RBI governor Shaktikanta Das
Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the response from potential investors for reconstruction of crisis-ridden Punjab and Maharashtra Co-operative Bank looks "positive" so far.
RBI temporarily stops HDFC Bank from adding new customers
Mumbai/IBNS: The Reserve Bank of India (RBI) has temporarily stopped HDFC Bank from adding more customers or launching digital business.
RBI imposes monetary penalty on The Karad Urban Co-operative Bank Ltd
Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 lakh (Rupees Ten lakh only) on The Karad Urban Co-operative Bank Ltd for contravention of certain directions issued by RBI under the Supervisory Action Framework.
Lakshmi Vilas Bank amalgamated with DBS Bank India Limited
Mumbai/IBNS: The crisis-hit Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of DBS Group Holdings Ltd.
Lakshmi Vilas Bank to merge with DBS Bank, to become DBS Bank India from Nov 27
Mumbai/IBNS: The Reserve Bank of India (RBI) has notified that the crisis-stricken Lakshmi Vilas Bank (LVB) will be merged with the Indian arm of Singapore-based DBS Bank on Friday (Nov 27), after which all restrictions, including cap on withdrawal of Rs 25,000.
Sovereign Gold Bond Scheme 2020-21 opens today
Mumbai: The Sovereign Gold Bond Scheme 2020-21 will open for subscription from Monday, officials said.
Modi government to borrow Rs. 1.1 lakh cr on behalf of states for GST compensation
New Delhi/IBNS: After months of confrontation over the Goods and Services Tax (GST) dues, the Centre has decided to borrow Rs. 1.1 lakh crore on behalf of the states prompting Union Finance Minister Nirmala Sitharaman to explain the reason behind the government's change in stance over the issue, media reports said.
Industry welcome RBI's decision to keep lending rates unchanged
New Delhi: Different Indian organizations on Friday welcomed the Reserve Bank of India's decision to keep repo rate and reverse repo rate unchanged.
RBI keeps lending rates unchanged
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday said the repo rate and reverse repo rate will remain unchanged.
RBI to announce Monetary Policy on Oct 9
Mumbai/IBNS: The Reserve Bank of India (RBI) will announce monetary policy on October 9.