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.
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.
MPC voted unanimously to keep the policy repo rate unchanged at 4%: RBI Guv Das
New Delhi: Reserve Bank of India Governor Shaktikanta Das on Friday said the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent.
Industry welcome RBI's decision to keep lending rates unchanged
New Delhi: Different Indian organizations on Friday welcomed the Reserve Bank of India's decision to keep repo rate and reverse repo rate unchanged.
Supreme Court allows Centre one more week to submit loan moratorium plan
New Delhi/IBNS: The Supreme Court on Monday extended the deadline to fix a moratorium plan to ease the burden on borrowers during the prevailing coronavirus crisis, said media reports.
Mumbai/UNI/IBNS: Yes Bank has fully repaid Rs 50,000 crore to Reserve Bank of India (RBI), it borrowed under the SLF (Special Liquidity Facility) amid the crisis faced last year, well ahead of time, Yes Bank Chairman Sunil Mehta has said in the bank's Annual General Meeting on Thursday, adding that the private lender's revival marks the first successful reconstruction scheme led by banks in India’s banking history,
Mumbai/IBNS: The Reserve Bank of India’s (RBI) framework for Covid-19 solutions is well thought and taken after due consultations, Governor Shaktikanta Das said Thursday, adding that the central bank’s response to COVID-19 is unprecedented.
RBI's one-time loan restructuring plan plugs the past gaps: Experts
Kolkata/IBNS: The current loan restructuring package by the Reserve Bank of India(RBI) with proper timelines mentioned in the guidelines has plugged all the gaps that were there previously, said Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank.
New measures to restructure loans by banks a 'durable' resolution says RBI Governor
Mumbai/IBNS: Ahead of the expiry of the six-month loan repayment freeze on August 31, Reserve Bank of India Governor Shakti Kanta Das in an interview to CNBC Awaz said the new measures introduced to enable the banks to restructure loans will provide a "durable" resolution to the businesses constrained for money due to Covid-19, save jobs and in turn revive the economy, said a Bloomberg report.