The Reserve Bank of India on Wednesday (April 24, 2024) barred private lender Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect.
RBI won't accept or exchange Rs. 2000 currency notes on April 1
The Reserve Bank of India on Friday announced Rs. 2000 currency note will not be exchanged or accepted on April 1 due to operations associated with the Annual Closing of Accounts.
The Reserve Bank of India on Wednesday directed Paytm Payments Bank Ltd not to accept deposits or allow credit transactions, or top-ups, in customer accounts or prepaid instruments connected to those accounts after February 29.
RBI extends deadline for returning Rs 2000 bank notes till October 7
The Reserve Bank of India (RBI) on Saturday extended the deadline for exchanging or depositing Rs 2000 banknotes by a week to October 7, 2023.
RBI to withdraw Rs. 2000 notes by Sept 30, will remain legal tender
New Delhi/IBNS: The Reserve Bank of India Friday announced that it will withdraw Rs.2,000 notes from circulation and people can exchange or deposit them in their bank accounts by Sept 30.
RBI MPC meet: Rate setting panel to announce decision on key lending rates on Thursday
Mumbai: The Reserve Bank of India is expected to declare another increase in interest rates on Thursday, as part of its bi-monthly review of monetary policy, said reports.
Why is it important to use your credit card cautiously?
Credit cards have become very popular, especially among the millennial generation. It is evident as the number of active credit cards went up by 20% year-on-year to 806.65 lakh in November 2022, as per Reserve Bank of India (RBI) data. In this article, we will discuss the fundamentals of credit cards and the quickest ways to pay your credit card's outstanding.
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.
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.