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.
RBI imposes fine on ZipCash, Yes Bank
Mumbai, Jun 12(UNI)The Reserve Bank of India (RBI) said that it has imposed a Monetary penalty of Rs 11.25 lakh each on two prepaid payment instrument (PPI) issuers Yes Bank and ZipCash Card Services.
RBI to unveil new Rs. 20 currency notes
Mumbai, Apr 27 (IBNS): The Reserve Bank of India on Saturday said it will unveil new Rs. 20 currency note.
AIBA urges Reserve Bank of India to take holistic view to merge LVB into PSBs
Hyderabad, Apr 8 (UNI) All India Bank Employees' Association (AIBEA) has urged Reserve Bank of India (RBI) to consider of merging Lakshmi Vilas Bank Limited (LVB) into one of the Public Sector banks instead of merging with Indiabulls Housing Finance Limited (IBH).
Mamata Banerjee wishes all employees of RBI on its foundation day
Kolkata, Apr 1 (UNI) West Bengal Chief Minister Mamata Banerjee on Monday opined that the ''dignity of the Reserve Bank Of India (RBI) has diminished in recent times''.
RBI penalises Yes Bank for non-compliance of instructions related to Swift
Mumbai, Mar 5 (UNI) Private sector lender Yes Bank said Reserve Bank of India (RBI) has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on Swift messaging software.
Reserve Bank of India and Bank of Japan sign Agreement for Bilateral Swap Arrangement
New Delhi, Feb 28 (IBNS): Reserve Bank of India and Bank of Japan have completed signing of the Agreement for Bilateral Swap Arrangement (BSA) between India and Japan.