RBI

Recurring online transactions: Reserve Bank of India extends timeline for processing; here’s why

The Reserve Bank of India has extended the timeline for the processing of recurring online transactions.

The Reserve Bank of India

Banks closed for up to 10 days in various states in April 2021; check complete list of holidays

Banks in India will remain closed for over 10 days in April 2021, including weekends and festivals. Only gazetted holidays are observed by banks all over the country.

Bank holidays 2021, bank holidays in April

Banks closed for 7 days out of 9 from March 27; check full list of holidays during Mar 27-Apr 4

All banks in India will remain closed for three days in a row during March 27-29, including the two-day weekend and the Holi festival.

banks closed, bank holidays, holi, good friday

FE CFO Awards 2020: India’s UPI is better for transactions than cryptocurrency

While the US and Chinese digital economies have been centred around data monopolies, India's digital infrastructure has laid the railroads for democratisation of services, he said.

Being able to buy financial products through the video KYC route or subscribing to an IPO through UPI are examples of how the laying down of digital railroads in India has helped subscription-based services to grow and helped democratise the financial services industry, he said.

Trai urges RBI to direct banks to comply with norms on bulk messages

It has also shared with the RBI a list of such banks that have not adhered to Trai's regulatory requirements, as also relevant data on SMS traffic failures, sources added.

Trai on bulk messages

No interest on interest lockdown loan moratorium, rules SC; refuses to extend relief

The Supreme Court further directed banks to credit or adjust the amount already charged by them from borrowers.

loan moratorium, Supreme Court

Loan Moratorium: SC ने कहा- पूरी तरह से ब्याज माफी संभव नहीं, लोन मोरेटोरिम की अवधि बढ़ाने से इनकार

SC on Loan Moratorium: लोन मोरेटोरियम मामले में सुप्रीम कोर्ट ने कहा है कि ब्याज को पूरी तरह से माफ न

SC on Loan Moratorium

RBI announces committee to evaluate applications for banks

The tenure of the five-member Standing External Advisory Committee, to be headed by former central bank deputy governor Shyamala Gopinath, will be three years.

RBI Governor Shaktikanta Das headed six-member MPC is scheduled to meet from April 5 to 7. The policy meet outcome will be announced on April 7.

NSE trading outage incident: Time to consider allowing Sensex, Nifty trading on all bourses, says RBI article

Trading was halted at the NSE for nearly four hours on February 24, reportedly due to telecom links failure leading to unavailability of the online risk management system of the NSE Clearing Ltd (NCL).

NSE trading outage incident: Time to consider allowing Sensex, Nifty trading on all bourses, says RBI article

Coronavirus second wave: India needs to speed up Covid-19 vaccination drive, says RBI article

Observing that the vaccinations have moved beyond health workers to senior citizens, but at 3.3 crore as on March 16, the entire process needs to be speeded up, said the article on the 'State of Economy' written by RBI Deputy

India needs to speed up vaccination drive: RBI article

RBI fines SBI for not following directions on employee pay

"This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said, without of

The regulator also carried out an examination of the correspondence with the bank regarding payment of remuneration to its employees in the form of commission to arrive at its decision.

Economic Outlook: Expect RBI to retain status quo on rates in April policy meeting

India’s monetary policy cycle is closer to a turning point

A disclaimer in the document stated that the report represents the views of the central bank executives who authored it, and not that of the RBI.

Rising inflation & Covid cases – the year just got tougher, though not unexpectedly

Inflation is up & rising Covid cases can upend the patchy recovery; neither govt nor RBI can afford to get it wrong

With exports under pressure, labour-intensive sectors have been doing badly for a long time now.

NPCI launches dispute redressal mechanism for BHIM-UPI users

UPI-Help will enable BHIM UPI users to use their app to check the status of pending transactions, raise complaints for transactions that have not been processed or money not credited to the beneficiary and raise complaints fo

Your Money: Know how currency markets effect interest rates

Banks are dealers in capital. Like dealers of other assets, they too will quote two rates, one for borrowing and the other for lending. The difference between the lending rate and the borrowing rate is called the Net Interest

2 साल से नहीं छपा 2000 रुपये का एक भी नोट, सरकार ने संसद में दी अहम जानकारी

सरकार ने 500 और 1000 रुपये के करंसी नोटों को सर्कुलेशन से वापस लेने के बाद 2000 रुपये मूल्य वर्

On the other hand, charities find extant compliances onerous. This conundrum cannot be solved without an overhaul.

Will interest rates continue to rise?

The bond markets are pushing the central bank around and it is hard to see how/when this will stop

Of course, as we have all learned over the years, markets can stay irrational much, much longer than any of us can stay solvent, so, I guess, as always, the only certainty is continuing high volatility.

RBI asks lenders to report restructured accounts to credit bureaus

The uniform credit reporting format has two annexes. Annex-I contains two formats for credit reporting – consumer bureau and commercial bureau, whereas annex-II contains the credit reporting format for the microfinance inst

"Relaxation in the parking of ECB proceeds would provide flexibility to corporates raising resources from the global markets," it said.

IDBI share price zooms 17%; lender exits RBI’s PCA framework as balance sheet improves

The Reserve Bank of India (RBI) on Wednesday evening said that IDBI Bank has been taken out of the prompt corrective action (PCA) framework, subject to specific conditions.

Laxmi Organic IPO

RBI imposes Rs 2 crore fine on Bank of Maharashtra

This penalty has been imposed in exercise of powers vested in the RBI under the Banking Regulation Act, 1949.

RBI imposes Rs 2 crore fine on Bank of Maharashtra

Current inflation target band appropriate for next 5 years: RBI report

The country adopted the flexible inflation target (FIT) framework in 2016. The inflation target of 4 per cent and the lower and upper tolerance bands were set at 2 per cent and 6 per cent, respectively. The next review of the

Current inflation target band appropriate for next 5 years: RBI report

Proposed ARC will not ‘jeopardise’ existing players: RBI Guv Shaktikanta Das

The governor said RBI has also sharpened and deepened its supervisory methods and is now going to deep dive into areas of banking that were unexplored earlier.

shaktikanta das, rbi mpc, repo rate

पेट्रोल, डीजल कैसे होगा सस्ता? RBI गवर्नर शक्तिकांत दास ने सुझाया फॉर्मूला

देश के कई शहरों में पेट्रोल 100 रुपये प्रति लीटर बिक रहा है. जबकि एक लीटर डीजल के लिए करीब

petrol, diesel, petrol diesel prices, RBI governor Shaktikanta Das, crude, excise on petrol, excise on diesel, covid19 pandemic, manufacturing sector, inflation
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