The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.
08 Nov 2019 8:28 PM
RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.
08 Nov 2019 5:26 PM
With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire account balance.
05 Nov 2019 6:30 PM
Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.
02 Nov 2019 12:27 PM
The development follows the RBI’s central board decision to create separate supervisory and regulatory cadre.
02 Nov 2019 1:29 AM
A delegation of depositors also met a chief general manager-rank officer after the protest in suburban BKC and submitted a memorandum.
30 Oct 2019 3:39 AM
The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.
25 Oct 2019 7:55 PM
India also ranked Number One in South Asia. India went up ahead by 23 and 30 places, respectively, in the past two years.
25 Oct 2019 1:39 AM
India is currently a $2 trillion worth economy.
23 Oct 2019 2:25 AM
All the six members of the MPC had voted in favour of a rate cut.
19 Oct 2019 2:12 AM
A score of over 50 signifies ‘optimism’ in sentiments, a score of 50 ‘neutral’ and a score below 50 ‘pessimism’.
18 Oct 2019 2:22 AM
With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.
14 Oct 2019 7:56 PM
The interest rate will range from 8.25 to 8.65 percent depending on the borrower.
14 Oct 2019 7:35 PM
LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.
10 Oct 2019 5:24 PM
If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.
10 Oct 2019 3:31 PM
Indiabulls Housing Finance (IBHF) stock tumbled 18.02 per cent to trade at Rs 197 on the BSE.
10 Oct 2019 12:11 PM
Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.
07 Oct 2019 12:28 PM
The whole initiative is aimed at reducing the exchange risk for persons resident in India.
05 Oct 2019 1:50 AM
Compared to a repo rate of 135 basis points over the one year, banks have slashed their lending rates only by 29 basis points.
05 Oct 2019 1:46 AM
RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.
04 Oct 2019 4:11 PM