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Central bank News

07 Sep 2024

RBI Penalises 3 Housing Finances Firms For Violating Norms

The penalties have been imposed in the exercise of powers conferred on the RBI under the provisions of Section 52A of the National Housing Bank Act, 1987.

05 Jun 2024

NIPL Ties Up With Central Bank Of Peru For UPI-Like Payment System In Peru

The partnership between India and Peru aims to fortify Peru's financial infrastructure and spur its economic growth.

25 May 2024

RBI Fines Hero FinCorp Rs 3.1 Lakh For Violating Fair Practices Code

Hero FinCorp did not convey the terms and conditions of loans in writing to borrowers in the vernacular language understood by them, it said.

russia vs ukraine war update

24 Feb 2023

Ukrainian Central Bank Issues New Currency Note on first anniversary of Russia-Ukraine War

Russia-Ukraine World War has completed one year today. Meanwhile, the Central Bank of Ukraine issued a new note. A glimpse of the Ukrainian flag was seen in this note. Further in this report, watch 100 big headlines of the day in a flash.

30 Dec 2022

RBI governor launches Utkarsh 2.0; Central bank to use AI for data analysis

RBI governor Shaktikanta Das launches Utkarsh 2.0 on Friday. The first strategy framework (Utkarsh 2022) covering the period 2019-2022 was launched in July 2019. It will be based on AI and Machine learning driven tools for data analysis and information creation.

30 Sep 2022

RBI planning to adopt 'expected loss' approach for banks' loan provisioning

Reserve Bank is mulling to adopt the "expected loss" approach for loan provisioning. At present, the banks follow the "incurred loss" approach, where money is set aside after an asset turns sour. RBI will be releasing another discussion paper on a revised framework for securitisation of stressed assets

money (quotation subject)

29 Aug 2022

ICICI Bank launches new credit card, will get free insurance of 2 lakhs and these benefits

ICICI RuPay Credit Cards: Sudipta Roy, the credit card head of ICICI Bank while launching this card said that we have always given priority to the convenience of the customers.

04 Jun 2021

NITI Aayog submits privatisation list: THESE two banks are top contenders

Bank of Maharashtra and Central Bank are the top two candidates that have been favoured for privatisation. United India Insurance may be chosen candidate for privatisation among the three general insurers. Both Bank of Maharastra and Central Bank are west focused banks where public sector bank presence is already stronger.

bank privatisation

16 Feb 2021

Have a/c in THESE 4 banks shortlisted for privatisation? Is your money safe?

The shortlist has not previously been reported. Govt considering mid-sized to small banks. First round of privatisation to test waters.

bank privatisation

16 Feb 2021

THESE 4 banks shortlisted for privatisation: Details inside

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.

bank privatisation

16 Feb 2021

Modi govt's big move! Four state-run banks shortlisted for privatisation

The shortlist has not previously been reported. Govt considering mid-sized to small banks. First round of privatisation to test waters.

05 Jun 2018

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

public sector banks

09 Mar 2018

Over dozen PSBs to get Rs 46K crore capital infusion this month

These banks, including SBI, PNB, Bank of Baroda, Central Bank, Union Bank and OBC, have called shareholders' meetings this month to pass the resolution to allot preferential shares to government so as to receive the capital.

Reserve Bank of India

20 Nov 2017

Indian bond yields fall after RBI cancels open market sale of debt

The bond market, which got a shot in the arm on Friday after Moody`s upgraded India`s sovereign rating pared almost all the gains on that day, resumed the rally on Monday boosted by the cancellation of OMO sale which to traders was a signal that the central bank was not happy with high yields.

15 Oct 2017

RBI refuses to share details on clean India mission logo on Rs 2000, Rs 500 notes

Replying to an RTI query, the central bank also did not give a copy of the guidelines on printing of advertisement -- including promotion of central government-run initiatives -- on the notes.

Reserve Bank of India

17 Sep 2017

RBI likely to keep policy rate on hold till fiscal-end: Report

According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018.

11 Sep 2017

We could have managed liquidity better: Raghuram Rajan

Former RBI Governor Raghuram Rajan has said that in hindsight it appears that the central bank under his governorship could have managed the liquidity in banking system in a better manner on certain occasions.

03 Sep 2017

Not asked on demonetisation during my tenure: Rajan

The former Governor of the RBI writes that the Central Bank wasn't asked to take such a decision at any point during his tenure at the Reserve Bank.

31 Aug 2017

Pay dues or allow other to take control of biz: Arun Jaitley to debtors

Finance Minister Arun Jaitley on Thursday put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business.

Reserve Bank of India (RBI)

28 Jul 2017

Low inflation to encourage RBI to cut rates next week

Inflation eased to its slowest pace in more than five years in June.

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