RBI announces guidelines on Digital Banking Units
Mumbai/IBNS: The Reserve Bank of India (RBI) Thursday released guidelines for banks to launch digital banking units (DBUs).
Mumbai: Private sector lender Axis Bank Thursday announced its association with Reserve Bank of India Innovation Hub (RBIH) for Swanari TechSprint initiative that aims at advancing digital financial inclusion for women across the nation.
Covid-related liquidity measures were introduced with sunset date: RBI Governor
Covid-19-related liquidity measures announced by the central bank, excluding the interest rates, came with a sunset date, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said.
RBI working on phased implementation of digital currency: Minister
New Delhi/UNI: The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on Tuesday.
Reserve Bank of India lifts restriction on HDFC Bank's business generating activities
New Delhi: Private lender HDFC Bank on Saturday said that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.
RBI may have sold $2 bn to control fluctuations in rupee: Report
The Reserve Bank of India (RBI) is estimated to have offloaded $2 billion in the local currency market to control wild fluctuations in the exchange rate, the biggest central bank intervention in the aftermath of Ukraine-Russia war, ET reported citing market sources.
RBI extends time for implementation of guidelines for upgrading NPA accounts
The Reserve Bank of India (RBI) extended the time to implement the stricter prudential norms applicable on all lenders to September 2022 in connection with the guidelines regarding upgrading an NPA account as standard but upon clearing all dues.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.
RBI may keep the key rates unchanged in first policy review after Budget 2022: Report
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
RBI may hike reverse repo rate up to 0.25 pc in next week's policy, says report
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.
Pvt cryptocurrencies will never be legal tender: Finance Secretary
New Delhi/IBNS: Private cryptocurrencies like Bitcoin and Ethereum, as well as non-fungible tokens (NFT) will never become legal tenders as their values are fixed by private entities, Finance Secretary TV Somanathan said Tuesday.
Only RBI can issue Digital Currency, rest are assets and attract 30 pc tax: Sitharaman
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has clarified the difference between Digital Currency to be issued by the Reserve Bank of India (RBI) and the digital assets, which includes the "crypto world", where the transactions will now attract a 30 percent tax.
Union Budget: RBI to issue Digital Rupee
New Delhi: Union FM Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23.
Budget2022: RBI will introduce digital rupee in FY22-23, says Nirmala
New Delhi: The Reserve Bank of India will introduce digital rupee in FY22-23 using blockchain and other technologies, Union Finance Minister Nirmala Sitharaman announced in her Budget2022 speech in Parliament on Tuesday.