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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI to soon issue final guidelines on MDR charges

Reserve Bank issued a draft circular on 'Rationalisation of MDR for Debit Card Transactions' on February 16.

6 April 2017 6:19 PM IST

An e-wallet is a virtual wallet where you can keep money in digital form.

Reserve Bank makes NEFT funds transfer faster, easier

Central bank says NEFT settlement cycle will be reduced from hourly batches to half hourly batches.

6 April 2017 5:47 PM IST

Reserve Bank Governor Urjit Patel

Urjit patel calls Jaitley before monetary policy review

The resolution of the MPC will be placed on the website in the afternoon of June 7.

2 Jun 2017 6:27 PM IST

Economic growth will see 'V' shape recovery: Patel

RBI last week lowered GDP growth to 6.9 per cent from previously projected 7.1 per cent.

17 Feb 2017 12:32 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

BSF in talks with RBI to train jawans to identify fake notes

Fake Indian currency notes using the porous Indo-Bangla border especially in the Malda-Murshidabad district.

12 Feb 2017 11:22 AM IST

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

Bitcoins, other virtual currencies like Ponzi schemes: FinMin

It pointed out that people dealing in them must consider these facts and beware of the risks involved in dealing in...

30 Dec 2017 4:42 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI's data on banks' bad loans disturbing

The defaults of a few big borrowers amount to over 70 per cent of bad loans, according to the All-India Bank Employees...

28 Dec 2017 1:23 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Working on resolution of large NPA accounts: RBI

RBI changed the consent required for approval of a proposal to 60 per cent by value instead of 75 per cent earlier.

7 Jun 2017 8:20 PM IST

RBI governor Urjit Patel

Note ban didn't impact growth; need clarity on inflation: RBI

RBI has revised down its estimate on inflation projection to 3.5-4.5 per cent.

7 Jun 2017 6:22 PM IST

Reserve Bank of India

India Inc unhappy with RBI's stance on repo rate

It is clear that the RBI has chosen to remain over- cautious about the inflation outlook.

7 Jun 2017 5:55 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex rises up by 81 points post RBI's decision

The Reserve Bank maintained status quo on policy rates, resulting in gains for rate-sensitive sectors like banking,...

7 Jun 2017 5:03 PM IST

Reserve Bank of India

RBI marginally lowers economic growth forecast

The economic growth forecast for the current fiscal is lowered to 7.3 per cent.

7 Jun 2017 4:47 PM IST