The RBI has also imposed a penalty Rs 2 lakh on Akola District Central Co-operative Bank Limited, Akola (Maharashtra) for non-compliance with certain provisions of Know Your Customer (KYC) norms.
The Reserve Bank has asked all banks to provide mobile banking, net banking option to enable limit and enable and disable service 24 hours a day, seven days a week
Qualified candidates for the RBI Grade B Phase 2 admit cards have now been released and available on the official website, rbi.org.in.
Candidates who have appeared for the RBI Grade B exam preliminary exam on November 9, 2019, can check their Results by visiting the website of the RBI in the PDF format.
Acharya had joined the central bank on January 23 last year after Patel was elevated to the post of governor in September 2016.
New Delhi: The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) and Google India Digital Services Private Limited to file a reply on the plea alleging Google Pay not being listed as an authorised operator as per list of the ‘Payment System Operators’. A division bench[Read More…]
Mumbai: In the first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent. Muted growth and subdued inflation prompted the Reserve Bank of India (RBI) on Thursday[Read More…]
PVR, BookMyShow in legal trouble for charging costumers ‘internet handling fees’; hearing on March 23
In an RTI filed by Vijay Gopal to the Reserve bank of India, it was revealed that the ticketing service providers PVR and BookMyShow do not have any authority to levy handling fees on customers and that they are in violation of the RBI’s Merchant Discount Rate (MDR) regulations. An MDR is[Read More…]
RBI Grade B Officers final result 2019 update: RBI Grade B Officers final result 2019 is now available on the official website. The Reserve Bank of India has released the Grade B Officers online. While Reserve Bank of India has declared the RBI Grade B Officers final result 2019 online,[Read More…]
Reserve Bank of India has approved interim dividend payment of Rs. 28,000 crore to the Indian government. This is now the second year in succession when interim dividend has been provided. Earlier, the central bank had given Rs 40,000 crore to the government as interim dividend. Reserve Bank of India[Read More…]
Reserve Bank of India warned banks of digital banking scam
Mumbai, The Reserve Bank of India (RBI) on Tuesday appointed Infosys co-founder Nandan Nilekani as the Chairman of a five-member committee to accelerate digitisation of the economy and boost financial inclusion. The committee will submit its report within 90 days from the date of its first meeting. “With a view[Read More…]
RBI JE Recruitment 2019: Official notification for 24 Junior Engineer Posts released @ rbi.org.in The Reserve Bank of India (RBI) has released the notification in order to invite the applications for recruitment to the posts of Junior Engineer. The candidates have to keep the documents ready and start applying from[Read More…]
The Reserve Bank of India (RBI) is set to release new Rs 20 note with additional features. While the exact date of the release is not known as of now, the new look Rs 20 note will add to the government’s arsenal of recently-released new look notes. The central bank has already[Read More…]
Kolkata, The Engineering Export Promotion Council of India (EEPC) on Monday said reports that the RBI was contemplating to forward cases of non-realisation of export proceeds to the ED, have created panic among exporters who submitted their records about remittance receipts to their banks. “We have received several complaints from[Read More…]
Shaktikanta Das has been appointed new Reserve Bank of India (RBI) governor for three years term. Das is a retired 1980 batch IAS officer of Tamil Nadu cadre. He has served as the Economic Affairs Secretary of India from August 2016 to May 2017. He currently is a member of[Read More…]
With Urjit Patel calling it a day the list of resignations occurring under the Modi government increases further. Urjit Patel resigned from his post of RBI Governor 9 months before his term would have ended in September 2018. Other key persons who have quit after the Modi govt came to power are[Read More…]
New Delhi: In the midst of a government-Reserve Bank of India (RBI) tussle over utilisation of capital reserves of the central bank, former Chief Economic Advisor Arvind Subramanian strongly supports the government’s view, saying the RBI is holding excess capital between Rs 4.5 and Rs 7 lakh crore which should[Read More…]
Mumbai: The Reserve Bank of India (RBI) would inject Rs 8,000 crore into the market by purchasing government securities on November 22, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. “Based on an assessment of[Read More…]
Mumbai: The RBI board on Monday decided to form an expert committee to examine the economic capital framework of the central bank, which will decide the amount of reserves it can maintain, handing over the balance to the government. The board also considered other issues related to the liquidity crunch[Read More…]
New Delhi: Calling the government’s standoff with the RBI a part of India’s thinking ecosystem which depends on American ideas, RBI board member S. Gurumurthy on Thursday said the government was not asking for the central bank’s surplus reserves but only wanted formulation of a policy as to how much[Read More…]
Mumbai: The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. “Based on an assessment of[Read More…]
Viral Acharya has been on the advisory council of the Bombay Stock Exchange (BSE) Training Institute
After lots of speculations and guesswork, 17 Non-Banking Financial Companies (NBFCs ) surrendered their Certificate of Registration which was granted to them by the Reserve Bank of India in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore canceled[Read More…]
New Delhi: Former RBI Governor Raghuram Rajan described the apex bank as a “seat belt” for the Central government which is in the driver’s seat, protecting the government against any “accident”. Speaking to business news channel CNBC-TV18, Rajan said that historically governments have wanted to focus on economic growth but[Read More…]