RBI hikes interest rates on NRI foreign currency deposits
The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which…
Clearing time for cheques to be cut from 2 days to few hours
The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a…
RBI imposes Rs 1.32 cr penalty on Punjab National Bank for breach of rules
The Reserve Bank of India (RBI) said on Friday that it has imposed a penalty of Rs 1.32 crore on…
97.87 pc of Rs 2000 banknotes have now been returned, RBI
The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the ₹2000 banknotes that were in…
RBI shifts 100 tonnes of gold from vaults in UK to India
The Reserve Bank of India (RBI) has shifted around 100 tonnes of its gold kept in bank vaults in the…
RBI warns retail investors against cryptocurrency risks
RBI yet again urged retail investors to be more cautious while investing in cryptocurrencies, and noted that the crypto ecosystem…
RBI keeps Repo rate steady at 6.50%
Not belying the expectations of senior economists, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) retained the repo…