Tag: RBI
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RBL, Yes Bank, Bajaj Finserv most impacted by RBI curbs on Mastercard
After the Reserve Bank of India (RBI) restricted Mastercard from on-boarding new customers, among the credit card issuers, including co-brand partners, RBL Bank, Yes...
RBI imposes curbs on Mastercard over data storage
In a major blow to payment services major Mastercard Asia/Pacific Pte Ltd, the Reserve Bank of India (RBI) on Wednesday imposed restrictions on on-boarding...
RBI raises average base rate for NBFC-MFI to 7.98%
The Reserve Bank of India (RBI) has fixed the average base rate for NBFC-MFIs to be charged from their borrowers at 7.98 percent for...
RBI restricts continuous tenure of UCB MDs to 15 years
The Reserve Bank of India has limited the maximum continued term of managing directors and whole-time directors (WTD) of urban cooperative banks (UCBs) to...
India’s forex reserves rise by over $3 bn
India's foreign exchange reserves rose by $3.074 billion during the week ended June 11.
According to the Reserve Bank of India's (RBI) weekly statistical supplement,...
RBI calls for targeted policy support for export
The Reserve Bank of India (RBI) has suggested that the government should boost exports with targeted policy support on an urgent basis.
In his statement...
RBI allows 24×7 bulk payment system for uninterrupted DBT
In order to ensure seamless and uninterrupted transfer of government subsidies to beneficiaries, the RBI on Friday permitted the availability of the National Automated...
RBI slaps Rs 10 cr penalty on HDFC Bank
The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 crore on HDFC Bank Ltd for deficiencies in regulatory compliance.
The central...
RBI to transfer Rs 99,122 crore as surplus to Centre
The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the Centre for nine months ended March 31, 2021.
The decision...
Banks allowed to tap floating provisions for NPA cover
The Reserve Bank of India (RBI) on Wednesday provided a big relief to banks that fear increased provisioning for non-performing assets (NPA) amidst the...