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The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.

RBI's Financial Stability Report for July also noted that big tech offers a wide range of digital financial services and has a substantial footprint in the payment systems, crowdfunding, asset management

The rate has been increased from 7.81 per cent that was applicable in the April-June quarter.

Mumbai: Seeking to accelerate its general awareness campaign, the Reserve Bank of India (RBI) has started looking for an entity that can develop multimedia publicity material in 14 languages. The pan-India campaign to educate the general public about the essential rules and regulations will be launched in Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Oriya, […]

The PMC Bank had invited Expression of Interest (EoI) from eligible investors for investment/ equity participation for its reconstruction and had received four proposals.

Though business activity has increased sharply this month, consumer sentiment and labour market remain weak

The Consumer Price Index (CPI)-based inflation hit a six-month high of 6.3 per cent in May, from 4.3 per cent in April.

Rising income inequality is the key reason why poor are finding it hard to access proper healthcare in this crisis

The first such auction of Rs 25,000 crore was held on April 15 and second one was on May 20 for Rs 35,000 crore.

Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's.

The facility will have tenors of up to three years at repo rate (4 per cent), said RBI Governor Shaktikanta Das.

At 10:25 am, the BSE S&P Sensex was up by 94 points or 0.18 per cent at 52,327 while the Nifty 50 gained by 31 points or 0.2 per cent to 15,721.

The announcement came after a three-day meeting of its Monetary Policy Committee (MPC). The RBI has kept repo rate the central bank's lending rate unchanged at 4 per cent and reverse repo rate borrowing rate at 3.35 per cent.

Contrary to the narrative being advanced by the NDA govt, GDP growth has been a point of growing weakness for the last five years

In its report, the RBI has stated that the circulation of the Rs. 2000 notes has fallen drastically to 17.3 % of overall notes in circulation as of March 2021

The stock markets are mainly driven by money supply and foreign portfolio investor (FPI) investments, the apex bank said.

The Tanstia in the letter requested the chief minster to lift the ban on two wheeler travel so that the workers will be in a position to reach to the units.

It may be mentioned that a similar technical upgrade for RTGS was completed on April 18, 2021.

It is up to the Centre now to complement RBI’s efforts to revive the economy with appropriate policy interventions

Signals from a few sectors and other economies keep the hope of an economic rebound afloat amidst a grim situation