Reserve Bank of India Archives - Page 10 of 21

Card issuers and card networks shall ensure that they would follow the existing agreements at the time of amendment or renewal

RBI issues draft circular on issuance of debit, credit cards and...

PGurus Newsdesk - July 6, 2023 0

RBI's draft norms allow customers to switch card networks The Reserve Bank of India (RBI) on Wednesday issued a draft circular on the issuance of...

Most of the Rs.2000 notes have returned through deposits, says RBI

Banking

76% of total Rs.2000 denomination notes in circulation returned to banks:...

PGurus Newsdesk - July 4, 2023 0

RBI says 76% of Rs.2000 notes, worth Rs.2.72 lakh cr, received by banks since May 19 The Reserve Bank of India (RBI) has said that...

Banks and non-bank financial intermediaries are posting strong earnings and robust credit growth with strengthening buffers

Economy

Indian economy presents picture of resilience, robust financial system boosting growth:...

PGurus Newsdesk - June 29, 2023 0

RBI’s financial stability report says India's economic prospects brighten; core inflation, global volatility may pose risks The Indian economy presents a picture of resilience, supported...

India's contribution to global GDP growth has risen six-fold since the turn of the millennium

Economy

India to be third largest contributor to global GDP: Chief Economic...

PGurus Newsdesk - June 15, 2023 0

India was the 10th largest economy in 2014, and we expect to become the third-largest economy in 2027: Chief Economic Advisor On Thursday Chief Economic...

In case of loss of property documents, the bank will be obligated to assist in obtaining certified registered copies of documents at their cost but also compensate the customer adequately

Banking

RBI may slap penalties on banks that lose property papers of...

PGurus Newsdesk - June 11, 2023 0

RBI panel suggests penalty for home loan providers on loss of borrowers' documents If the Reserve Bank of India (RBI) accepts the recommendations of a...

The payment of royalties was nothing more than a means of sending money out of India therefore it is

Fraud

Xiaomi India CFO, former MD, 3 foreign banks get ED notice...

PGurus Newsdesk - June 10, 2023 0

ED's action on Xiaomi India over FEMA violation The Enforcement Directorate (ED) has said that it has issued a show-cause notice to Xiaomi India, its...

RBI has marginally lowered the CPI inflation projection for FY24 to 5.1 percent, it has emphasized on the inflationary risks

Banking

RBI-MPC won’t cut repo rate anytime soon, not before US Federal...

PGurus Newsdesk - June 8, 2023 0

MPC opts for hawkish pause, focused on 4% inflation target Reacting to RBI's Monetary Policy Committee (MPC) to maintain the status quo as regards the...

According to the RBI's release, the central bank has invited feedback from the shareholders on the same

Banking

RBI issues draft directions on cyber resilience, digital payment security controls...

PGurus Newsdesk - June 2, 2023 0

RBI issues draft directions for safe and secure transactions On Friday the Reserve Bank of India (RBI) issued a draft master directions on cyber resilience...

Addressing bankers on the occasion, Das said that it is the joint responsibility of the chairmen of the banks' board and the directors to ensure robust governance

Banking

RBI Governor says despite guidelines issued, gaps noticed in the governance...

PGurus Newsdesk - May 29, 2023 0

RBI Governor flags issues with the governance of certain banks On Monday Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank has...