January 29, 2022 10:10 (IST)
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RBI issues rules for outsourcing of payment, settlement activity by PSOs

Mumbai/IBNS: The Reserve Bank of India has framed minimum standards to manage the risk in outsourcing of payment and settlement-related activities by non-bank payment system providers PSOs.

RBI bars Mastercard from adding new clients in India from July 22

New Delhi: The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22.

RBI extends special liquidity facility of Rs 16,000 crore to SIDBI

Mumba/UNI: Reserve bank of India (RBI) has decided to extend a special liquidity facility of Rs 16,000 crore to SIDBI for on-lending and refinancing through novel models and structures.

RBI keeps rates unchanged

Mumbai/UNI: The Reserve Bank of India (RBI) on Friday kept the key rates unchanged at its bi-monthly review to maintain liquidity as the country continues to recover from the Covid-19 pandemic and its economic implications.

RBI Guv Shaktikanta Das asks pvt banks to strengthen their balance sheets

Mumbai/IBNS: RBI Governor Shaktikanta Das in a meeting with the MD & CEOs of some private sector banks on Tuesday through video conference asked them to continue focussing on efforts to further strengthen their balance sheets proactively.

RBI imposes a monetary penalty of Rs 1 crore on City Union Bank Limited

Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rupees One Crore only on City Union Bank Limited for contravention of/non-compliance with certain provisions of the directions contained in the Reserve Bank of India (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on educational loan scheme and credit flow to agriculture – agricultural loans – waiver of margin/security requirements.

COVID-19: RBI relaxes overdraft facility for state governments

Mumbai: RBI Governor Shaktikanta Das on Wednesday announced  a series of measures to support the nation’s fight against the second wave of COVID-19 infections.

Reserve Bank of India Governor Shaktikanta Das to make unscheduled speech today

Mumbai:  Reserve Bank of India Governor Shaktikanta Das will make an unscheduled speech on Wednesday.

Reserve Bank of India issues new guidelines for tenure of bank CEOs, MD

Mumbai/UNI: Reserve Bank of India on Monday issued certain guidelines for the governance of banks, including private banks, Small Finance Banks (SFBs) and Wholly Owned Subsidiaries of Foreign Banks.

RBI extends the interim Ways and Means Advances of Rs 51,560 crore for states and UTs till Sep 30

Mumbai/IBNS: Reserve Bank of India (RBI) on Friday extended the interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and union territories till September 30 in view of the coronavirus pandemic situation.

RBI stops Diners Club and American Express from making new credit card customers from May 1

Mumbai/IBNS: Reserve Bank of India (RBI) has banned credit card companies Diners Club International and American Express from making new customers in India from May 1, 2021.

RBI keeps key rates unchanged

Mumbai/UNI: Following a spurt in Coronavirus cases and the imposition of fresh restrictions to check the virus spread, the Reserve Bank of India (RBI) on Wednesday decided to maintain the status-quo on the benchmark repo rate — the rate at which the central bank lends short-term funds to banks — at four per cent.

Auto debits from bank accounts to face disruption from April 1

New Delhi/IBNS: Recurring transactions such as mobile, utility, and other bills as well as subscription charges for over-the-top (OTT) platforms through credit cards, debit cards, UPI, or other prepaid payment instruments (PPIs) will be interrupted from April 1 in view of the new Reserve Bank of India (RBI) guidelines that require additional authentication to approve direct debits from customers' accounts.

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.