Amazon won't allow these notes for COD orders from today
New Delhi: Starting September 19, 2023, Amazon India will no longer accept Rs. 2,000 currency notes for Cash on Delivery (COD) orders or Cashloads, media reports said.
RBI approves reappointment of Sashidhar Jagdishan as HDFC Bank MD & CEO for next three years
New Delhi: The Reserve Bank of India (RBI) has granted approval for the re-appointment of Sashidhar Jagdishan as the Managing Director and Chief Executive Officer of HDFC Bank, the bank informed the exchanges in a communication on September 19.
RBI asks banks and NBFCs to release property documents within 30 days of loan repayment
New Delhi/UNI: The Reserve Bank of India (RBI) on Wednesday directed banks and non-banking finance companies (NBFCs) to release all the original movable/immovable property documents and remove charges registered with any registry within 30 days after full repayment and settlement of the loan account.
RBI revises rules for classification and operation of investment by banks
Mumbai: The Reserve Bank of India (RBI) said on Tuesday that it has amended the existing norms for the classification, valuation, and operation of investment portfolios of commercial banks based on the feedback it received from a discussion paper.
Union Bank of India integrates CBDC with UPI to offer interoperability
Mumbai: Public Sector Bank (PSB) Union Bank of India on Friday announced the launch of interoperability of India’s Central Bank Digital Currency with UPI under the aegis of RBI.
RBI to test more use cases in the pilot of wholesale CBDC
Mumbai: The Reserve Bank of India will test more use cases in the pilot of wholesale central bank digital currency (CBDC), media reports said.
NPCI launches new UPI products to achieve 100 bn monthly transactions
New Delhi: The National Payments Corporation of India (NPCI) on Wednesday announced a string of innovative products aimed at boosting the payments giant Unified Payments Interface (UPI) to reach 100 billion monthly transactions.
RBI Governor Shaktikanta Das rated top Central banker globally
New Delhi: Reserve Bank of India Governor Shaktikanta Das has been ranked the best Central banker globally with a rating of ‘A+’.
Bandhan Bank authorised by RBI for disbursing civil pension
Private sector lender Bandhan Bank on Tuesday announced that it has been appointed by Reserve Bank of India (RBI) as an authorised pension disbursement bank on behalf of Central Pension Accounting Office (CPAO), Ministry of Finance, for the civil pensioners.
Axis Bank partners with RBI Innovation Hub to launch Kisan Credit cards and MSME loans
Kolkata: Axis Bank on Thursday announced the launch of two lending products powered by the Public Tech Platform for Frictionless Credit (PTPFC), introduced by the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI.
RBI issues guidelines to recalibrate floating rate loan EMI
Mumbai: The Reserve Bank of India (RBI) on Friday released comprehensive guidelines for the recalibration of interest rates for equated monthly installments (EMIs) in floating interest loans.
Retail inflation jumps to 7.44 pc in July; crosses RBI's upper tolerance band
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
RBI’s policy hawkish to the rising inflationary risks: HDFC treasury research
Mumbai: The RBI kept its policy rate unchanged at 6.5% in line with expectations. Moreover, it continued with its stance of “withdrawal of accommodation” with a 5:1 vote.
RBI maintains status quo, policy repo rate unchanged at 6.50%
Mumbai/UNI/IBNS: As widely expected by economists and market watchers, Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 6.50%.
Credit card spending reaches record high at Rs 1.4 lakh cr in May; 87.4 million cards in circulation
Mumbai: Credit card spending in India hit a record level of Rs 1.4 lakh crore in May, the data released by the Reserve Bank of India (RBI) revealed.