"reserve-bank-of-india"

A penalty of Rs 1.3 crore was imposed on State Bank of India (SBI), Rs 1.62 crore on Indian Bank, Rs 1 crore on Punjab & Sind Bank, and Rs 8.80 lakh on Fedbank Financial Services, the RBI said

A list of 15 large Non Banking Finance Companies falling in the Upper Layer category has been released

As per the revised norms, banks will have to classify their entire investment portfolio under three categories -- Held to Maturity (HTM), Available for Sale and Fair Value through Profit and Loss

Armstrong stated that Coinbase had to suspend its trading service in India due to "unofficial pressure" from the RBI.

The bank has received approval from the Reserve Bank of India for making iProcess its wholly-owned subsidiary, subject to certain conditions, ICICI Bank said in a regulatory filing.

"The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)... works out to Rs 5,923 per gram of gold," it said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche).

RBI’s decision to expand e-rupee is an acknowledgement of the rapid pace of adoption of digital payment methods

According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.

Reserve Bank of India Governor Shaktikanta Das on Wednesday urged fintech players to set up a SRO at the earliest for an orderly growth of the industry.

BBPS (Bharat Bill Payment System) cross-border bill payment will highlight the adaptability of the BBPS platform to integrate with fintechs and conventional financial players to facilitate domestic as well as cross-border payment transactions.

The RBI Governor also said that it is important for the monetary policy committee to keep track of price stability and act accordingly

In April, the RBI proposed to expand the scope of the UPI by enabling transfer to/from pre-sanctioned credit lines at banks

The Central Board of Directors of the Reserve Bank of India on Friday reviewed the global and domestic economic situation and associated challenges.

The exchange and deposit facilities for these notes are accessible not only at banks but also at the 19 Regional Offices (ROs) of the RBI that have Issue Departments.

The RBI releases quarterly House Price Index based on transaction-level data received from the registration authorities in ten major cities

In fact, there are going to be a total of 17 holidays this month, including Sundays and the second and fourth Saturdays. These holidays are allowed under the Negotiable Instruments Act.

At the interbank foreign exchange market, the local unit opened at 83.10 against the US dollar and moved in a range of 83.05 to 83.16 in the day trade.

Asked about the election manifesto, he said the party would unveil the new manifesto at a mammoth rally to be organised at Warangal on October 16.

This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks in one place, an RBI release said

One should not hope for a rate cut this financial year since inflation is set to hover above 5%