Reserve Bank of India tightens corporate governance norms for core investment companies
Mumbai/UNI: The Reserve Bank of India (RBI) has released a revised set of guidelines for core investment companies (CICs), tightening corporate governance and disclosure norms for these entities.
RBI announces Rs 50,000 crore special liquidity facility for Mutual Fund
New Delhi/IBNS: The Reserve Bank of India on Monday announced it has opened a special liquidity facility worth Rs 50,000 crore for Mutual Funds.
Reserve Bank of India reduces timing of debt, currency market
Mumbai/UNI: In view of the lockdown following the outbreak of coronavirus, the Reserve Bank of India (RBI) has reduced the trading hours of debt as well as currency markets from April 7.
Repo rate slashed by 75 basis points to 4.4 percent: RBI Guv
Mumbai/IBNS: The Reserve Bank of India on Friday announced that repo rate has been slashed by 75 basis points to 4.4 percent.
Indian economy is not immune to COVID19 pandemic: RBI Guv Shaktikanta Das
New Delhi/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said India is not immune to the COVID 19 infection and the country's economy will be impacted along with global economies due to it.
Depositors money is safe in any bank: Reserve Bank of India
Mumbai/IBNS: The Reserve Bank of India on Sunday assured that people should not panic as there is no such concern about safety of their deposits in any bank.
RBI cancels Vodafone M-Pesa certificate
Mumbai/UNI: The Reserve Bank of India (RBI) on Tuesday cancelled the certificate of Vodafone’s mobile phone-based banking service M-Pesa Limited due to voluntary surrender of authorisation.
PMC Bank Issue: Reserve Bank of India files affidavit in Bombay High Court
Mumbai/UNI: The Reserve Bank of India on Tuesday filed a detailed affidavit in the Bombay High Court during the hearing of number of petitions filed by the depositors of the Punjab & Maharashtra Co-operative Bank (PMC), challenging the limit imposed by it on the withdrawal of money.
PMC Bank: RBI raises withdrawal limit for customers to Rs. 50,000
Mumbai/IBNS: Giving relief to customers of trouble-torn Punjab and Maharashtra Co-Operative Bank or PMC Bank, the Reserve Bank of India on Tuesday raised the withdrawal limit for account holders to Rs. 50,000.
RBI imposes restrictions on PMC bank; depositors under panic
New Delhi: Tension is running high among the depositors of Punjab and Maharashtra Cooperative Bank(PMC Bank) after Reserve Bank of India restricted withdrawal of funds from their accounts, due to some irregularities committed by the bank.
Reserve Bank of India to transfer Rs. 1,76,051 crore to government
New Delhi, Aug 27 (IBNS): The Reserve Bank of India on Monday announced it has accepted the recommendations of Bimal Jalan Committee following which it approved surplus transfer to the Centre.
Reserve Bank of India imposes penalty of Rs 2 cr on Allahabad Bank
Mumbai, Aug 2 (UNI) Reserve Bank of India has imposed a penalty of Rs 2 crore on Allahabad Bank.
RBI's deputy governor Viral Acharya resigns
New Delhi, June 24 (IBNS): Viral Acharya, Reserve Bank of India’s (RBI’s) youngest deputy governor post-economic liberalisation, has resigned from his position, media reports said on Monday.
RBI set up six-member committee to review ATM interchange fee structure
Mumbai, Jun 12 (UNI) In a bid to give a fillip to the ATM deployment in the unbanked areas, the Reserve Bank of India (RBI) has formed a six-member committee to review the ATM interchange fee structure.
RBI to waive charges on fund transfers via RTGS, NEFT from July 1
Mumbai, Jun 12 (UNI) The Reserve Bank of India (RBI) has said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1, 2019 in order to provide an impetus to the digital fund movement.