RBI cracks whip on peer-to-peer lenders over violation of rules and misselling: Report

Mumbai: The Reserve Bank of India has instructed peer-to-peer lending platforms to halt certain activities after inspections revealed violations of rules and deceptive sales practices, Reuters reported.

RBI allows banks to continue giving credit to NBFCs for on-lending to priority sector

Reserve Bank has asked banks as well as small finance banks (SFBs) to continue lending to the NBFCs for the purpose of on-lending to certain priority sectors.

Dollar swap to help RBI manage balance sheet

Mumbai: The Reserve Bank of India’s $5 billion two-year sell/buy swap is a positive step in improving its position in multiple ways, according to analysts.

RBI keeps repo rate unchaged at 6.5, Rupee goes lowest to breach 74

Mumbai, Oct 5 (IBNS) :The Reserve Bank of India (RBI) on Friday kept the repo rate (key lending rate) unchanged at 6.5 per cent while, maintaining its steady plummeting rate,  rupee breached the 74-mark against US dollar for the first time.

RBI soon to issue new 100-rupee notes in lavender colour

Mumbai, July 19 (IBNS): The Reserve Bank of India will shortly issue Rs 100 - Rupee banknotes in the Mahatma Gandhi (New) Series.

There is sufficient supply of notes, don't panic : RBI assures people

Mumbai, Nov 17 (IBNS) : Assuring that there is a sufficient supply of notes, the Reserve Bank of India on Thursday urged the people not to panic and hoard currencies.