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Murmu's appointment will take effect from October 9 for a period of three years, the notice said
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The rupee closed at 88.7175 against the U.S. dollar on Friday, little changed on the day but down 0.7% on the week, its steepest weekly fall since late August.
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The move comes after the Enforcement Directorate (ED) in July filed a case under the Foreign Exchange Management Act (FEMA), 1999, against Simpl and its founder-director, Nithya Nand Sharma, for alleged foreign exchange violations worth Rs 913.75 crore.
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The MPC,which meets from September 29 and October 1, has reduced the benchmark repo rate by 100 basis points since February
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Banks have been instructed to run awareness campaigns through print and electronic media, emphasising areas with lower literacy levels and rural or semi-urban populations
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India's banking system faces a severe liquidity shortage ahead of the RBI policy meet, prompting emergency ₹1.5 lakh crore injections as overnight rates surge above the repo rate
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The changes would include fewer and standardised documentation and less scrutiny on investors that are already regulated in other countries
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ICICI Bank has announced same-day cheque clearance in line with RBI’s new guidelines. Customers must deposit cheques before branch cut-off time for quick processing. The bank has also made Positive Pay mandatory for cheques above ₹5 lakh to ensure security and prevent fraud.
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The aggregator license is part of the RBI’s regulatory framework aimed at tightening oversight of digital payment intermediaries and ensuring consumer protection.
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The Reserve Bank of India (RBI) had sought views from economists, market participants and other stakeholders ahead of March 2026, when that target is set to expire.
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On the municipal bonds front, he said that from 2017 till date, just 16 issuances have happened amounting to Rs 3,134 crore, which is a mere 0.02 percent of GDP.
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The move follows a renewed drive among India’s banks in recent years into retail lending, part of a way to diversify after many were burnt during a cycle of souring corporate loans
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RBI and SEBI want banks and companies to report climate risks, but messy rules and weak oversight could create expensive paperwork instead of useful information for investors
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The move follows the Reserve Bank of India’s (RBI) tightened Payment Aggregator (PA) and Payment Gateway (PG) guidelines, issued on September 15, which bar PAs from facilitating payments to entities with whom they lack a direct contractual relationship.
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The Reserve Bank of India has decided to strengthen the institutional mechanism for review of regulations and has constituted a Regulatory Review Cell (RRC).
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Subscriptions for this 2019–20 Series-IV-Issue tranche were accepted from September 9–September 13, 2019. September 17, 2019 was the date of the bonds' issuance.
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Earlier in September, while the stock exchanges were open, due to a holiday at banks and clearing houses, the settlement of trades was impacted, leaving investors waiting for their funds.
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As per the Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025, payments aggregators are categorised into three categories as per the work they undertake.
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The RBI has been warning for years, flagging the role of cryptocurrency in laundering, terror finance and tax evasion
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The latest development comes days after Reserve Bank of India (RBI) announced the premature redemption of Sovereign Gold Bonds (SGBs) for SGB 2020-21 Series VI, issued on September 8, 2020.
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According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.
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From data empowerment to digital platforms, the central bank is not just regulating but demonstrating how technology must shape the future of Indian finance
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Axis Bank admitted to a lapse in its internal process, citing a 'technology gap' that led to the old card being deactivated before the new one was delivered and activated.
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It's high time RBI empowered innovation without getting into micromanagement
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India’s central bank has laid down strict guidelines on loan recovery. Here’s how you can use them to protect yourself.
