February 04, 2023 07:22 (IST)
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Hockey Men's World Cup 2023: India beat Japan 8-0 in classification match | Amid row, Kerala Congress screens controversial BBC documentary on PM Modi in Thiruvananthapuram | Republic Day Parade to showcase India’s indigenous military prowess, cultural diversity | Mulayam Singh Yadav, Zakir Hussain conferred Padma Vibhushan award | Dilip Mahalanabis, who pioneered ORS use, to be awarded Padma Vibhushan

India's forex reserves at a five-month high of $572 billion

India's foreign exchange reserves swelled to a five-month high in the week ended January 13, the data released by the Reserve Bank of India (RBI) on Friday showed.

RBI bans Mahindra Finance from outsourcing recovery activity to third party

The Reserve Bank of India (RBI) on Thursday banned Mahindra & Mahindra Financial Services from using private agents for recovery or repossession activity until further notice.

Not against privatisation of PSBs, research article supports govt's gradual approach: RBI's clarification on article

Mumbai: The Reserve Bank of India (RBI) has issued a clarification over a bulleting article written by its researchers that said "a big bang approach to privatise them will do more harm than good" given the important role played by them in financial inclusion.

No plan to replace face of Mahatma Gandhi on banknotes: Reserve Bank of India

Mumbai: The Reserve Bank of India on Monday confirmed it has no plans to change the image of Mahatma Gandhi on currency notes.

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 withdraws over 100 needless circulars on RRA's recommendations

Mumbai/IBNS: Reserve Bank of India withdrew over 100 needless circulars affirming the Regulations Review Authority (RRA) recommendations on Tuesday.

RBI Governor asks banks to strengthen grievance redressal mechanism

Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das Tuesday urged banks to revamp and strengthen their grievance redressal mechanisms to minimise the escalation of grievances to the central bank ombudsman.

Low-rate regime is the need of the hour to boost recovery: EEPC India Chairman

Kolkata/IBNS: The low-rate regime is the need of the hour to boost recovery and the Reserve Bank of India has done a good job by keeping the repo rates unchanged at four percent besides keeping the stance accommodative, said the Chairman of EEPC (Engineering Export Promotion Council) Mahesh Desai. 

RBI cautions against online buying and selling of old bank notes and coins

Mumbai/IBNS: The Reserve Bank of India (RBI) has warned people on Wednesday against fraudsters using Reserve Bank of India's name and logo to seek charges, and commission or taxes from the public in online transactions of buying and selling old bank coins and notes.

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 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.

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.

RBI can consider idea of bad bank: Governor Shaktikanta Das

New Delhi/UNI: The Reserve Bank of India would consider the idea of a bad bank if there is any such proposal, Governor Shaktikanta Das said on Saturday.

RBI warns people against unauthorised digital lending platforms and mobile apps

Hamirpur (HP)/UNI: The Reserve Bank of India has warned people against the unauthorised Digital Lending Platforms and Mobile Apps.