rbi

The OTP rules have changed; Before paying with debit or credit cards, users must be aware of the new rules!

New Delhi: The Reserve Bank of India (RBI) recently upped the minimum amount on e-mandates needing One Time Passwords (OTPs)…

Read More »

Holiday alert! Banks will be closed for 11 days in May; Complete schedule here…

Bank holidays in May 2022 include four festival holidays, as well as Sundays and the second and fourth Saturdays. Customers…

Read More »

India’s foreign exchange reserves fall by $ 10 billion

New Delhi: The foreign exchange reserves of the country slipped down   by $ 9.646  billion to $ 622.275 billion for…

Read More »

India’s foreign exchange reserves fall by $1.76 billion

Mumbai: The foreign exchange reserves of the country slipped down   by $ 1.76 billion to $ 630.19 billion for the…

Read More »

India’s foreign exchange reserve decline by $4.5 billion

Mumbai: The foreign exchange reserves of the country declined by $4.531 billion to $629.755 billion for the week ended January…

Read More »

This 1 rupee old Indian currency note will fetch you lakhs

Mumbai: An old Indian currency note may make you rich as it will earn you lakhs of rupees. As per…

Read More »

Pay more to withdraw cash from ATMs; Key things to know…

A host of new changes have already been implemented as a result of the new year. A recent change in…

Read More »

Greasing of palms take on a lighter note, With 0 rupee notes: Read more…

There are various denominations of currency notes in India like the Rs 5, the Rs 10, the Rs 20, the…

Read More »

Government issues warning, says installing unknown lending apps could compromise data

The central government has advised people to stay away from instant mobile application-based lenders, which could land them in trouble.…

Read More »

This change in India’s banking rules must be known by non-resident Indians

The RBI, the banking regulator in India, has introduced some new changes to recurring payments for non-resident Indians who hold…

Read More »

India’s Mastercard ban is ‘draconian’, US trade official comments.

Reserve bank of India banned Mastercard Inc. from issuing new cards, in July. According to the US government emails, RBI’s…

Read More »

RBI digital currency trial could launch by December: Governor Shaktikanta Das

New Delhi: The Reserve Bank of India (RBI) said on Friday that the first-ever testing for the digital rupee in…

Read More »

RBI prohibits Mastercard from on-boarding new customers

The Reserve Bank of India (RBI) prohibited Mastercard Asia from on-boarding any new domestic customers onto its network on Wednesday.…

Read More »

RBI fines banks for violating rules

Mumbai: The RBI on Wednesday said it has imposed penalties on SBI, Bank of Baroda, IndusInd Bank, Bandhan Bank and…

Read More »

Transactions protected by RBI and NPCI: Google Pay

Google Pay on Wednesday said that all transactions made using its platform are protected by the redressal procedures laid out…

Read More »

Fact Check: Should Rs 500 note without a green stripe near the RBI governor’s sign be avoided

A fake post is going viral on social media claiming that users shouldn’t use a Rs 500 currency note with…

Read More »

Cryptocurrency in India: RBI says it continues to have concerns

A 2018 circular issued by RBI, the country’s apex bank, said that banks could no longer use it as a…

Read More »

“Online services won’t be available for 14 hours” ; SBI issues notification

State Bank of India will be beginning maintenance projects for a few hours on May 21, May 22, and May…

Read More »

RBI to transfer Rs 99,122 crore surplus to central government

The Reserve Bank of India (RBI) has decided to transfer a surplus of ?99,122 crore to the central government, the…

Read More »

Total ban: RBI restricts Amex, Diners Club from acquiring new customers

From May 1, 2021, onwards the Reserve Bank of India (RBI) has imposed constraints on American Express Banking Corp (Amex)…

Read More »

The Reserve Bank of India (RBI) has revised its Inflation Forecast Model.

The Reserve Bank of India recently revised its Inflation Forecast Model. The new model will capture how fiscal and monetary…

Read More »

Reserve Bank of India extends the dead line on recurring transaction.

The Reserve Bank of India has extended the deadline for its new rules on recurring transactions by another six months,…

Read More »

RBI Governor flagged concerns on cryptocurrencies to the government

Shaktikanta Das, Reserve Bank of India (RBI) Governor, on Thursday said that the central bank has flagged major concerns on…

Read More »

“RBI sets up Panel to Evaluate Bank Application”; Get the guidelines here…

The Reserve Bank of India (RBI) has set up a “standing external advisory committee (SEAC)” on March 23, 2021. This…

Read More »

“BANK HOLIDAYS”; Only 2 working days for banks between 27 March and 4 April

New Delhi: As per the RBI bank holiday calendar, banks will be shut continuously for three days from 27-29 March…

Read More »

RBI imposes a fine of Rs 2 crore on SBI

RBI fines SBI Rs 2 crore Penalty for failure to comply with Central Bank instructions. The order was issued on…

Read More »

SC orders RBI to frame New Bank Locker Rules within next 6 months

There is no doubt that the banks are the custodians of public property. They “cannot leave their customers in the…

Read More »

Inflation targeting and credit expansion; FM’s post-budget review

Finance Minister to discuss ways to exit the stimulus measures introduced to combat the economic impact of the Covid pandemic…

Read More »

Privatisation; Government considers four mid-sized banks

Government shortlisted four mid-sized state-run banks for privatisation. The decision came as a new push to sell state assets and…

Read More »

RBI urges central and state governments to cut petrol and diesel taxes…..

New Delhi: The Reserve Bank of India (RBI) has asked the central and state governments to cut taxes on petroleum…

Read More »

RBI monetary policy updates ;”Growth has improved significantly”, Key highlights

The Reserve Bank of India (RBI) kept repo prices stable at 4 percent on February 5 and held the position…

Read More »

RBI responds to reports of withdrawal of old currency notes

New Delhi: The Reserve Bank of India (RBI) has reacted to reports that old currency notes will be withdrawn. There…

Read More »

RBI releases new data on currency notes in the country. Know more

New Delhi: The circulation of currency notes in the country has increased significantly. During the first nine months of the…

Read More »

RBI warns against unauthorized digital lending platforms….

MUMBAI: The Reserve Bank of India (RBI) has warned people not to fall prey to illegal digital loan platforms and…

Read More »

Contactless cards make use of NFC technology enabling customers to make e-payment

On December 4, the payments industry welcomed the Reserve Bank of India’s move to hike the limit of contactless card…

Read More »