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.
RBI appoints Aadhar architect Nandan Nilekani as chairman of digital payments panel
Mumbai, Jan 8 (IBNS): The Reserve Bank of India on Tuesday said Infosys co-founder Nandan Nilekani, the architect of Aadhaar card, has been appointed as the chairman of the committee formed by it to assess the digitisation of payments in the country.
RBI board meeting ends on conciliatory note
New Delhi, Nov 19 (IBNS): As the marathon meeting of the board of Reserve Bank of India (RBI) came to an end in Mumbai on Monday evening, the central bank agreed to set up a panel on sharing surplus reserves.
RBI board meeting finally ends after 9 hours
Mumbai, Nov 19 (IBNS): Amid an ongoing rift between the government and the central bank, the Reserve Bank of India (RBI)'s board meeting finally came to an end after nine hours on Monday.
RBI' autonomy an essential, accepted governance requirement : Finance Ministry
New Delhi, Oct 31 (IBNS) : The Finance Ministry on Wednesday issued a statement, saying the Reserve Bank of India's autonomy is “an essential and accepted governance requirement”.
Autonomy of Reserve Bank is 'essential', says Centre
New Delhi, Oct 31 (IBNS): The Indian government on Wednesday said the autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement.
Reserve Bank of India keeps repo rate unchaged at 6.5
New Delhi, Oct 5 (IBNS): The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting on Friday, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.
Over 99 percent of demonetised currency returned: RBI
New Delhi, Aug 29 (IBNS): The Reserve Bank of India on Wednesday said that more than 99 percent of the old Rs. 500 and Rs. 1000 notes, which were banned by the Centre in 2016, have returned.
RBI to transfer Rs 50,000 crore surplus to Union government
New Delhi, Aug 8 (IBNS): The Reserve Bank of India (RBI) on Wednesday said it has decided to pay a dividend of Rs 50,000 crore to the Union government.
Reserve Bank of India hikes key rate 25 bps to 6.50 percent
Mumbai, Aug 1 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) increased its repo rate for the second straight meeting on Wednesday, keeping a “neutral” stance with a view to containing inflation but not affecting growth.