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May 17, 2019 09:33 PM IST
In January, the Reserve Bank of India had set up the five-member panel on deepening digital payments with a view to encouraging digitisation of payments and enhance financial inclusion through digitisation.
May 17, 2019 07:42 PM IST
Expressed in dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and the yen held in the reserves.
May 16, 2019 08:16 PM IST
An independently functioning chief risk officer with clearly specified role and responsibilities has to be appointed by non banking financial companies (NBFCs), the Reserve Bank of India said in a statement.
May 15, 2019 10:03 PM IST
The RBI said the payment systems landscape will continue to change with further innovation and entry of more players which is expected to ensure optimal cost to the customers and freer access to multiple payment system options.
May 14, 2019 06:18 PM IST
The Reserve Bank of India (RBI) had cut the key short term lending rate (repo) by 25 points each in its last two policy reviews and is slated to announce the next bi-monthly policy on June 6.
May 10, 2019 08:52 PM IST
In the previous week, the reserves had swelled by $4.368 billion to $418.515 billion, helped by the second dollar-rupee swap auction held on April 23.
May 08, 2019 06:37 PM IST
The remarks were made during a meeting between the members of the 15th Finance Commission and the RBI brass, including governor Shaktikanta Das and the deputy governors, at the central bank headquarters here.
May 08, 2019 06:05 PM IST
The circular comes almost two weeks after the Reserve Bank of India permitted FPIs to invest in municipal bonds as a measure to broaden access of non–resident investors to debt instruments in the country.
May 06, 2019 06:25 PM IST
The other issues which are expected to come up during the deliberation include market driven borrowing cost and debt trajectories of states.
May 03, 2019 08:12 PM IST
'(The) Reserve Bank of India (RBI) vide its speaking order dates April 22, 2019, imposed a penalty of Rs 11,25,000 under the Payment and Settlement Systems Act, 2007,' Yes bank said in a regulatory filing.
May 03, 2019 07:08 PM IST
It is a normal practice for central banks world over to keep their gold reserves overseas with central banks of other countries like Bank of England for safe custody, according to the statement.
April 25, 2019 09:08 PM IST
In the year ago fortnight, deposits were at Rs 113.29 lakh crore and advances stood at Rs 84.46 lakh crore.
April 25, 2019 08:36 PM IST
Governor Shaktikanta Das said the central bank is also aligning its framework to help the market intermediaries provide financial access to the bottom- of-the-pyramid.
April 25, 2019 05:26 PM IST
Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and would be released soon, they added.
April 24, 2019 09:14 PM IST
Mumbai-headquartered infra lender and its 348 group companies owe over Rs 94,000 crore, of which over Rs 54,000 crore are owed to banks.
April 23, 2019 06:59 PM IST
The Central Bank set a premium of 8.38 rupees at the three-year buy-sell swap auction and accepted the entire planned $5 billion up on offer.
April 22, 2019 04:33 PM IST
As of September last, the excess capital with the central bank stood at Rs 9.6 lakh crore.
April 19, 2019 07:30 PM IST
The forex kitty had touched a life-time high of $426.028 billion in the week to April 13, 2018.
April 18, 2019 08:14 PM IST
A regulatory sandbox (RS) usually refers to live-testing of new products or services in a controlled and test regulatory environment for which regulators may or may not permit certain regulatory relaxations for the limited purpose of the testing.
April 16, 2019 10:30 PM IST
The RBI will issue Rs 50 denomination banknotes in Mahatma Gandhi new series bearing the signature of Das.
April 16, 2019 09:48 PM IST
The RBI noted that a large segment of population is increasingly getting connected with forex transactions on individual accounts.
April 16, 2019 09:05 PM IST
Senior advocate Gopal Jain, representing the RBI, submitted before the NCLAT that true reflection in the books of the banks is important for fair accounting because it has early warning signals.
April 15, 2019 04:46 PM IST
Speaking at the annual meetings of the IMF in Washington over the weekend, Das had stressed on reviving growth when inflation is trending below targets.
April 11, 2019 09:28 PM IST
Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) had issued notification in this regard.
April 11, 2019 08:45 PM IST
This is the second consecutive double-digits credit growth after the same had declined to 4.54 percent in FY17 at Rs 78.41 lakh crore, which was the lowest since 1963.
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