RBI

Wednesday, May 25, 2022 | Last Update : 10:21 PM IST

According to the framework, to use geo-tagging to capture locational data of acceptance infrastructure, banks/ non-bank PSOs (payment system operators) shall capture and maintain geographical coordinates for all payment touch points. — PTI

RBI to keep track of all payment touch points

The RBI said that capturing the accurate location of existing payment system touch points is essential to upscaling

26 Mar 2022 11:27 AM

At present, efficient access to UPI is available on smartphones. UPI can be accessed through NUUP (National Unified USSD Platform) using the short code of *99#. But this option is cumbersome and not popular. — PTI

RBI launches UPI for feature-phone users

UPI is gaining popularity and is becoming one of the most preferred methods of digital transactions in India

09 Mar 2022 9:36 AM

Reliance Capital chairman Anil Ambani — PTI

RBI appoints advisory panel to assist R-Cap administrator

The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle, ex-MD&CEO, Tata Capital

01 Dec 2021 10:47 AM

The six entities that have completed the test phase include “the products were evaluated based on mutually agreed test scenarios and expected outcomes. All the products have been found viable within the boundary conditions defined during testing under Regulatory Sandbox,” the RBI said. — DC file photo

Eight firms selected for cross-border payments

RBI said Book My Forex product facilitates fully online outward cross-border remittances to bank accounts and debit/prepaid cards overseas

14 Sep 2021 9:00 AM

Manufacturing companies increased their expenditure on raw materials during Q1 in tandem with the rise in sales. Also, staff cost growth, on a YoY basis, accelerated for all sectors during Q1. — AP

Private manufacturers see 75% surge in Q1 sales: RBI

The sales growth of IT sector companies, on a year-on-year (YoY) basis, accelerated to 17.5 per cent in Q1 of FY22 to Rs 1.13 lakh crore

07 Sep 2021 1:57 AM

Though the GDP numbers grew with low base effect, there are also other significant reasons which suggest a recovery in the economy. (Twitter)

Sign of recovery? GDP sees rise of 20 per cent in April-June

Briefing to the media about the GDP numbers, chief economic adviser KV Subramanian said that the data is an indicative of economic recovery

01 Sep 2021 6:53 AM

Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalized Remittance Scheme (LRS) limits. — Representational image/DC

NSE IFSC to introduce trading in US stocks

A depositary receipt is a negotiable certificate representing shares in a foreign company traded on a local stock exchange

10 Aug 2021 9:11 AM

RBI is currently working towards a phased implementation strategy and examining use cases which could be implemented with little or no disruption. (AA file Photo)

RBI working on digital currency, pilot projects likely in near future: Dy Governor

The RBI has also been exploring the pros and cons of introduction of CBDCs since quite some time

22 Jul 2021 10:18 PM

In April, the Reserve Bank had projected the real GDP growth for 2021-22 at 10.5 per cent. (PTI)

RBI lowers GDP growth projection to 9.5 pc for 2021-22

The RBI Governor said the RBI will 'continue to think and act out of the box', planning for the worst and hoping for the best

04 Jun 2021 11:55 AM

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

AA Edit | Nurture is the best policy, but watch out for inflation

A low-interest rate regime is considered a key weapon to revive consumer demand and induce normalcy in the economy

08 Apr 2021 4:17 AM

In December, the Reserve Bank of India (RBI) temporarily barred HDFC Bank from launching new digital banking initiatives and issuing new credit cards after taking a serious view of service outages at the lender over the last two years. (PTI)

RBI appoints external firm to audit HDFC Bank's IT infra in view of service outages

Last month, HDFC Bank had submitted a detailed plan of action to the RBI to address repeated service disruption issues due to outage

02 Feb 2021 10:37 AM

Lakshmi Vilas Bank placed under moratorium, RBI proposes merger with DBS Bank

As part of the moratorium, the regulator has capped deposit withdrawals by customers to Rs 25,000

18 Nov 2020 3:29 AM

The Reserve Bank of India (RBI) on Wednesday revised the guidelines for banks and NBFCs including housing finance companies to jointly lend to the priority sector. (PTI)

RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the economy

06 Nov 2020 1:42 PM

Reserve Bank of India announced a slew of measures to maintain market stability. (PTI Photo)

RBI rides to rescue, unveils steps to cool rising bond yields

The RBI has allowed an additional 2.5 per cent of deposits for banks as HTM for the second half of the current financial year

01 Sep 2020 12:28 PM

RBI Governor Shaktikanta Das on Thursday warned banks that being overly risk averse will be self-defeating. (PTI Photo)

Extreme risk aversion can be self-defeating: RBI Governor warns banks

Rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, Das said

27 Aug 2020 12:25 PM

Seen any lately? RBI says the number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at the end of March 2018 to 27,398 lakh pieces at end of March 2020. (PTI file photo)

Don't jump, Rs 2000 currency notes slowly being phased out

As per RBI's latest annual report, the big note was not printed at all during 2019-20

26 Aug 2020 9:24 AM

The Reserve Bank of India released its annual report on Tuesday. (File Photo)

We've good news: Crooks stole only Rs 28k crore during corona quarter

Bank frauds down from Rs 43k crore seen in the April-June quarter of 2019

26 Aug 2020 8:58 AM

The RBI's Monetary Policy Committee kept any further rate cuts on hold because inflation was rising. (AFP)

Rate cuts don't interest MPC any more. Let's worry about inflation now

Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019

22 Aug 2020 12:12 AM

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI releases national strategy for financial education, aims to create empowered India

The strategy will develop credit discipline and encourage availing credit from formal financial institutions as per requirement

20 Aug 2020 2:24 PM

India's July retail inflation dims chances of rate cut. (AFP Photo)

Retail inflation inches up to nearly 7% in July on higher food prices

Food prices soared due to supply-side disruptions caused by the coronavirus lockdown and rose 9.62% compared to a jump of 8.72% in June

14 Aug 2020 10:08 AM

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N. V. Subhash

RBI