RBI

New Delhi: The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the market. Currently, short-term investments by a foreign portfolio investor…

Mumbai: The Reserve Bank of India (RBI) will introduce a new type of prepaid payment instrument (PPI) which could be used only for the purchase of goods and services up to a limit of Rs 10,000. Accordingly, the loading of such PPI will…

New Delhi:  The Reserve Bank of India (RBI) has directed banks not to charge savings account holders for NEFT with effect from January 2020. The National Electronic Funds Transfer (NEFT) is an electronic fund transfer system maintained…

New Delhi: An RBI Working Group (WG) has suggested that core investment companies (CICs) should implement stronger governance practices like the formation of board-level committees, the appointment of independent directors, and internal…

New Delhi: The State Bank of India (SBI) on Wednesday announced lowering its marginal cost of funds based lending rate (MCLR) by 10 basis points across all tenors to 8.05 percent from October 10. The MCLR cut will make home and other retail…

Mumbai: Sticking to "accommodative stance", the Reserve Bank on Friday reduced its key lending rates to boost consumption and reverse the slowdown that has plagued India's economic growth. Taking the note of the continued slowdown, the…

Mumbai: The Reserve Bank of India's (RBI) Deputy Governor Viral Acharya has quit six months before the end of his term, sources said on Monday. Acharya is the second top RBI official to quit after Governor Urijit Patel's exit last…

Bhubaneswar: The Reserve Bank of India (RBI) has promoted Rabi N Mishra, who was the Principal Chief General Manager of the central bank’s Risk Management Department, as its executive director (ED). The development came since the ED post…

New Delhi: After the demonetisation of Rs 500 and Rs 1000 notes in 2016 pushed digital payments, Aadhaar-enabled electronic know your customer (eKYC) resulted in an exponential growth of such payments in the country, according to a new…