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India Set To Double Investment Limit For Foreign Individuals: Report
RBI is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters.
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Why Are Food Prices Rising? Centre Answers In Key Document Before Budget
The central government's timely interventions and stability measures by the Reserve Bank of India (RBI) helped maintain retail inflation at 5.4% despite the pandemic and geopolitical tensions, according to the Economic Survey 2024.
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RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
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Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
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Return Property Papers To Borrowers Within 30 Days Of Repayment: RBI To Banks
The Reserve Bank on Wednesday directed banks and financial institutions to release all original movable or immovable property documents and remove charges registered with any registry within 30 days after full repayment of a loan by the borrower.
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3 Arrested For Carrying "Fake" RBI Documents At Delhi Airport
Three Indian passengers travelling to Chennai have been apprehended by the CISF at the Delhi airport for allegedly carrying "fake" RBI documents and trying to bribe a force personnel who questioned them about the cache, officials said on Saturday.
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RBI Grade B Officer Selection: Last Date To Submit Document For Paper 2, 3 Exam
The Reserve Bank of India (RBI) is currently holding exams for selection of Grade B Officers. As of now, the first paper is over and the results are out.
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RBI Cautions Borrowers Against Use Of Unauthorised Apps Offering Quick Loans
The central bank said that users should never share copies of KYC documents with unidentified persons or unverified mobile applications, and report such apps to law enforcement agencies
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RBI-Appointed Task Force Recommends Moves To Ease Credit Markets
It also proposed setting up a self-regulatory body to standardize loan documents and promote transparency in the secondary market.
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24-Hour Fund Transfers To Be Allowed Via Payment System NEFT From December
In its Payment System Vision 2021 document, the RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
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RBI Allows Banks To Use Aadhaar For "Know Your Customer" (KYC) Verification: 10 Things To Know
Banks can now accept the proof of owning an Aadhaar for Know Your Customer (KYC) verification under certain conditions. According to a statement by the Reserve Bank of India (RBI), the Aadhaar number can be used for KYC verification on consent from the customer. Updating its list of eligible KYC documents, the Reserve Bank of India noted: "Banks ha...
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Reserve Bank Of India To Soon Release New Rs 20 Bank Note
The Reserve Bank of India or RBI will soon introduce a new Rs 20 currency note with additional features, according to a document of the central bank.
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SBI Home Loan Interest Rates, Required Documents, Processing Fee Compared
After a hike in the repo rate to 6.5% announced in the latest RBI policy, home loan interest rates are likely to rise.
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It's Paytm Vs The Rest In Faceoff Over Data Storage Rules
US payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked a bitter industry spat pitting them against local rival Paytm, according to sources and documents seen by Reuters.
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Will RBI Raise Repo Rate Today After A Gap of Over 4 years? Five Reasons That Justify A Rate Hike
The RBI's outlook will be guided by the unexpected rise in inflation and the robust growth that the economy registered in the quarter ended March 2018.
-
India Set To Double Investment Limit For Foreign Individuals: Report
RBI is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters.
-
Why Are Food Prices Rising? Centre Answers In Key Document Before Budget
The central government's timely interventions and stability measures by the Reserve Bank of India (RBI) helped maintain retail inflation at 5.4% despite the pandemic and geopolitical tensions, according to the Economic Survey 2024.
-
RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
-
Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
-
Return Property Papers To Borrowers Within 30 Days Of Repayment: RBI To Banks
The Reserve Bank on Wednesday directed banks and financial institutions to release all original movable or immovable property documents and remove charges registered with any registry within 30 days after full repayment of a loan by the borrower.
-
3 Arrested For Carrying "Fake" RBI Documents At Delhi Airport
Three Indian passengers travelling to Chennai have been apprehended by the CISF at the Delhi airport for allegedly carrying "fake" RBI documents and trying to bribe a force personnel who questioned them about the cache, officials said on Saturday.
-
RBI Grade B Officer Selection: Last Date To Submit Document For Paper 2, 3 Exam
The Reserve Bank of India (RBI) is currently holding exams for selection of Grade B Officers. As of now, the first paper is over and the results are out.
-
RBI Cautions Borrowers Against Use Of Unauthorised Apps Offering Quick Loans
The central bank said that users should never share copies of KYC documents with unidentified persons or unverified mobile applications, and report such apps to law enforcement agencies
-
RBI-Appointed Task Force Recommends Moves To Ease Credit Markets
It also proposed setting up a self-regulatory body to standardize loan documents and promote transparency in the secondary market.
-
24-Hour Fund Transfers To Be Allowed Via Payment System NEFT From December
In its Payment System Vision 2021 document, the RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
-
RBI Allows Banks To Use Aadhaar For "Know Your Customer" (KYC) Verification: 10 Things To Know
Banks can now accept the proof of owning an Aadhaar for Know Your Customer (KYC) verification under certain conditions. According to a statement by the Reserve Bank of India (RBI), the Aadhaar number can be used for KYC verification on consent from the customer. Updating its list of eligible KYC documents, the Reserve Bank of India noted: "Banks ha...
-
Reserve Bank Of India To Soon Release New Rs 20 Bank Note
The Reserve Bank of India or RBI will soon introduce a new Rs 20 currency note with additional features, according to a document of the central bank.
-
SBI Home Loan Interest Rates, Required Documents, Processing Fee Compared
After a hike in the repo rate to 6.5% announced in the latest RBI policy, home loan interest rates are likely to rise.
-
It's Paytm Vs The Rest In Faceoff Over Data Storage Rules
US payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked a bitter industry spat pitting them against local rival Paytm, according to sources and documents seen by Reuters.
-
Will RBI Raise Repo Rate Today After A Gap of Over 4 years? Five Reasons That Justify A Rate Hike
The RBI's outlook will be guided by the unexpected rise in inflation and the robust growth that the economy registered in the quarter ended March 2018.
