Tag: RBI

Need to remain alert about financial service innovations: RBI – Times of India

MUMBAI: RBI deputy governor M Rajeshwar Rao said Saturday that technology and innovations can expand product offerings and financial services to underserved segments at...

RBI asks banks to check end use of card payments – Times of India

MUMBAI: RBI has asked credit card issuers to set up a system that can ascertain the end use of funds to keep a check...

India’s Forex Reserves Decline $5.2 Billion, RBI’s Intervention to Defend Rupee | India Business News – Times of India

MUMBAI: India's foreign exchange reserves declined by $5.240 billion to $617.230 billion in the week that ended on February 9, coming off a month...

RBI junks IMF claim of bank’s excessive forex intervention – Times of India

NEW DELHI: International Monetary Fund (IMF) has criticised Reserve Bank of India's intervention in the foreign exchange market, hinting at attempts by authorities to...

Govt to take up with RBI penal charges imposed by bank | India News – Times of India

NEW DELHI: The government is expected to take up the issue of penal charges levied by banks for non-maintenance of minimum balance with the...

Rbi: Wilful defaulter norms in place since 2007: RBI – Times of India

MUMBAI: The RBI on Tuesday clarified that it has not made any relaxations for wilful defaulters as it sought to address the heat and...

Rbi: For note exchange, follow cash deposit norms, RBI tells banks – Times of India

MUMBAI/NEW DELHI: As banks get ready to deal with deposit and exchange of Rs 2,000 notes from Tuesday, it has emerged that there are...

Rupee looks to sustain upside momentum aided by dollar inflows – Times of India

MUMBAI: The Indian rupee will look to rise further versus the US currency on Thursday, helped by dollar inflows, while contending with mixed Asian...

Rupee has held up very well against dollar compared to other currencies: FM | India News – Times of India

PUNE: Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" when compared to other currencies against the US Dollar....

3 companies bag payment aggregator permit – Times of India

MUMBAI: The RBI has given in-principle approvals to Pine Labs, Razorpay and Stripe for a payment aggregator licence. Over 160 operators have shown interest...

RBI’s basket of forex assets to widen amid uncertainty – Times of India

MUMBAI: The Reserve Bank of India (RBI) will explore portfolio diversification through new asset classes and fresh markets for foreign exchange reserves management, the...

Cryptocurrencies threaten financial sovereignty, need to be banned: RBI deputy governor – Times of India

MUMBAI: Making a strong case for banning cryptocurrencies, Reserve Bank deputy governor T Rabi Sankar on Monday said they are even worse than Ponzi...

Sensex surges 460 points after RBI retains accommodative stance – Times of India

MUMBAI: Equity benchmark sensex climbed 460 points while the Nifty reclaimed the 17,600-mark on Thursday after the RBI left interest rates unchanged but retained...

RBI may hike reverse repo rate by 0.25% in next week’s policy: Report – Times of India

MUMBAI: The Monetary Policy Committee (MPC) may go for a hike of up to 0.25 per cent in the reverse repo rate at which...

India’s current account slips into deficit in Q2 – Times of India

MUMBAI: India's current account slipped into a deficit of $9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank...

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