RBI

RBI Issues Stricter Rules to Curb Mis-selling of Financial Products, Effective January

The RBI releases stricter regulations to prevent financial product mis-selling, starting in January.

Government to Get Payment of Rs 2.87 Lakh Crore Dividend From RBI, Board Approves

The RBI board has approved to grant the government a dividend of Rs 2.87 lakh crore from the bank.

Central Bank Schedules 5 Billion US Dollar/INR Swap Auction on May 26

A 5 billion USD/INR swap auction is planned by the Central Bank on May 26.

Major Crackdown! RBI Cancels Registration of 150 NBFCs, Majority in These Cities

RBI has cancelled the registration of over 150 NBFCs. RBI has stated in a press release. These companies would no longer operate as NBFCs.

Government Appoints Rohit Jain As RBI Deputy Governor for Three Year Term

The government appoints Rohit Jain as the RBI's deputy governor for a three year term.

RBI Governor Sees Strong Domestic Fundamentals, Flags Global Economic Risks

RBI governor Sanjay Malhotra recently said in an event that India is showing resilience amid global uncertainty.

RBI Cancels Banking Licence of Paytm Payments Bank, Here’s Why

The Paytm Payments Bank's banking license has been revoked by the Reserve Bank of India for the reasons listed below.

RBI Simplifies Auto Debit Rules for Transactions Up To Rs. 15,000

The RBI has streamlined the process of using auto debit for transactions of up to Rs. 15,000.

Multiple States Plan to Borrow Rs. 16,900 Crore On April 21 Through RBI SGS Auction

According to reports, several states intend to borrow Rs. 16,900 crore on April 21 via the RBI SGS auction.

Top Indian Banks with Competitive FD Rates Post RBI MPC Meeting

Let's find the top Indian banks with competitive FD rates following the most recent RBI MPC meeting.

RBI Proposes One Hour Delay for Digital Transfers Over Rs. 10,000 to Combat Fraud

To prevent fraud, the RBI suggests that digital transactions over Rs. 10,000 be delayed by an hour.

Bank License Cancelled: RBI Shuts Down This Co-operative Bank, What’s Next?

RBI has cancelled Shirpur Merchants Co-operative Bank's license, according to the reports. The license cancellation is due to inadequate capital, as the reports say.

RBI Permits Indian Rupee Notes Exchange in Airport Departure Areas

With the permission of the RBI, the Indian Rupee can be exchanged in airport departure areas.

RBI’s Payments Vision 2028 Rolled Out; Brings e-cheque System, Switch On/Off Payment Facility

The RBI has announced the payment vision for 2028 and brings an e-cheque system.

RBI Announced Rs. 1 lakh Crore OMO Purchase of Government Securities to Enhance Liquidity

To improve liquidity, the RBI announced a purchase of government assets worth Rs. 1 lakh crore via open market operations.

Reserve Bank Drafts Easier Forex Norms, Offering Flexibility to Authorized Dealers

The RBI proposed new forex norms which are easier and offer flexibility to the authorized dealers.

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