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From July 1 banks will have to offer for free a minimum of four withdrawals in a month, including ATM withdrawals.

No-frills accounts can get SB facilities free

RBI strikes off minimum balance requirement.

11 Jun 2019 2:51 AM IST

The bank will also not be able to grant or renew any loans and advances, make any investment or incur any liability now.

RBI puts restrictions on PMC Bank for 6 months

Under-reporting of bad loans could be one reason behind RBI placing restrictions.

25 Sept 2019 1:35 AM IST

Reserve Bank of India (RBI) governor Shaktikanta Das. PTI photo

Further extension of loan moratorium will vitiate credit discipline:...

The RBI also urged the SC to vacate its September 4 interim order restraining banks from declaring any new...

11 Oct 2020 11:14 AM IST

Reserve Bank of India (RBI) governor Shaktikanta Das addresses via livestream as he announces the central banks monetary policy decisions, in Mumbai. PTI photo

RBI keeps key rates unchanged; signals more easing to protect India's...

The six-member Monetary Policy Committee voted unanimously to retain the benchmark repo rate at 4 per cent

9 Oct 2020 2:09 PM IST

Loans will be secured against receivables and guaranteed by respective state government. (PTI Photo)

SC asks Centre, RBI to file Kamath panel suggestions, decisions on...

Kapil Sibal said that he wanted to file a detailed affidavit to the Centre's reply as there are certain facts which need...

5 Oct 2020 1:26 PM IST

Reserve Bank of India (RBI)

RBI devises new plan for fin inclusion

Financial literacy modules should be used for orientation of children, young adults, women, new workers, entrepreneurs,...

24 Feb 2020 2:36 AM IST

Representative Image (PTI)

RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions

Fitch Solutions said consumer price inflation returning back to the RBI's 2-4 per cent target range will permit further...

31 March 2020 5:30 PM IST

Government of India public sector banks in India. (Photo- FAVPNG)

Mega merger of state-run banks comes into force from April 1: RBI

The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its...

29 March 2020 12:33 PM IST

Reserve Bank of India Governor Shaktikanta Das. (Photo- PTI)

RBI reduces repo rate by 75 bps to 4.4%

The central bank also reduced the cash reserve ratio of all banks by 100 basis points to 3 per cent with effect from...

27 March 2020 11:46 AM IST

Reserve Bank of India. (Image- PTI)

RBI prepones second tranche of g-sec buying to March 26

RBI has decided to advance second tranche of purchase of government securities under open market operations for Rs...

23 March 2020 4:25 PM IST

Account holders stand in a queue to withdraw money from YES Bank (PTI)

Yes Bank won't be merged with SBI: Prashant Kumar

The RBI has taken control of Yes Bank, after the lender failed to raise the capital it needs to stay above mandated...

9 March 2020 3:38 PM IST

Inflation eased to 6.80%, significantly lower than Januarys 7.59%, according to the March 4-6 poll of more than 40 economists (PTI)

India's retail inflation remains above RBI target band

Poll finds out that inflation likely fell to a three-month low in February

9 March 2020 2:42 PM IST