Rbi

RBI Restricting Banks From Raising Stakes In Insurance Firms: Report

Business | Reuters | Tuesday March 2, 2021

Reserve Bank of India rules allow banks to hold up to 50 per cent stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period.

Reliance Partners With Google, Facebook for Digital Payment Network Bid: Report

Reuters | Monday March 1, 2021

Reliance has partnered with Facebook, Google, and fintech player Infibeam to set up a national digital payment network, as per a report citing unnamed sources.

RBI Grade B Officer Exam On March 6, Download Admit Card

Jobs | Edited by Maitree Baral | Monday March 1, 2021

The Reserve Bank of India (RBI) will conduct a written exam on March 6 for selection of Grade B Officers. Admit cards of all the candidates who have registered for this exam has been released.

Inflation Target Band Appropriate For Next Five Years: RBI Report

Business | Edited by Nirmalya Sen | Friday February 26, 2021

During the period under review, headline CPI inflation averaged 3.9 per cent in India with a decline in inflation volatility, testimony to the success of FIT in terms of its primary mandate, RBI says

Coordinated Action Needed Between Centre, States On Tax Cut In Fuel Rates: RBI Governor

Business | Press Trust of India | Thursday February 25, 2021

'There is a need for coordinated action between the centre and states because there are inherent taxes levied by both,' said Reserve Bank of India's Governor Shaktikanta Das

MSME Sector At The Forefront As Growth Engine Of Economy, Says RBI Governor

Business | Edited by Nirmalya Sen | Thursday February 25, 2021

MSME has emerged as the growth engine of the economy with a vast network of about 6.33 crore enterprises contributing 30 per cent of the nominal GDP and 48 per cent to exports, according to RBI Governor Shaktikanta Das

RBI Has 'Major Concerns' Over Cryptocurrencies: Shaktikanta Das

Business | Reuters | Wednesday February 24, 2021

The central bank told lenders in 2018 they could not offer any banking services to any cryptocurrency traders or exchanges, but the order was challenged in court and eventually reversed by the top court.

RBI Has 'Major Concerns' Over Cryptocurrencies, Says Governor Shaktikanta Das

Reuters | Wednesday February 24, 2021

The Reserve Bank of India (RBI) has "major concerns" about cryptocurrencies, Governor Shaktikanta Das said, flagging potential risks to financial stability.

Markets Should Trust RBI, Says Shaktikanta Das

Business | Reuters | Wednesday February 24, 2021

The Reserve Bank of India's assurances that it will ensure ample liquidity have failed to calm investors' nerves over the larger than expected 12.06 trillion rupees borrowing requirement, and the central bank has rebuffed their calls for a open market operations calendar.

Reserve Bank Of India To Recruit Office Attendants; Graduates, Above Not Eligible

Jobs | Edited by Maitree Baral | Wednesday February 24, 2021

The Reserve Bank of India (RBI) has invited applications to fill 841 vacancies in Office Attendant post. The application forms are available on the official website of the RBI which the candidates can fill and submit till March 15.

Moderate Inflation Provides Room To Support Growth: MPC Minutes

Business | Reuters | Monday February 22, 2021

The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.

Bond Yields Surge, Market Expects More RBI Intervention

Business | Reuters | Monday February 22, 2021

The benchmark 5-year bond yield was trading at 5.77, after rising to 5.82 per cent, its highest since April 16.

Rupee Vs Dollar: Rupee Up 11 Paise To 72.54 Against US Dollar In Early Trade

Business | Edited by Nirmalya Sen | Monday February 22, 2021

Rupee Vs Dollar: Traders said investors could await the release of RBI Monetary Policy Committee's February meeting minutes on Monday for further cues

RBI Caps Withdrawal Limit From Deccan Urban Co-operative Bank At ₹1,000 For Six Months

Business | Edited by Nikita Prasad (With inputs from Agencies) | Saturday February 20, 2021

The Reserve Bank has barred Deccan Urban Co-operative Bank from granting new loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their accounts for six months.

Frame New Bank Locker Rules In 6 Months, Supreme Court Tells RBI

India News | Reported by A Vaidyanathan, Edited by Swati Bhasin | Saturday February 20, 2021

Banks are the custodians of public property and they "cannot leave their customers in the lurch" by claiming ignorance of the contents of their lockers, the Supreme Court said on Friday as it observed that "(the) present state of regulations on locker management is inadequate and muddled"