RBI

Mumbai: Non-Resident Indians will soon be able to make utility, education and other bill payments for their families in India by using the Bharat Bill Payment System - BBPS. The Reserve bank of India - RBI today proposed to enable BBPS…

Mumbai: After satisfactory compliance with data storage norms, the RBI on Thursday lifted the restrictions imposed last year on Mastercard and allowed the global payment processor to onboard new customers for debit, credit or prepaid cards…

New Delhi: The Reserve Bank of India (RBI) on Monday cleared the air on using photos of key personalities like former president APJ Abdul Kalam and Nobel laureate Rabindranath Tagore on the rupee banknote. The RBI said that 'there is no…

Mumbai: The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at ₹ 5,115 per unit, an RBI release said. Premature redemption of Gold Bond is permitted after the fifth year from the date of issue…

Mumbai: The Reserve Bank of India (RBI) has barred Paytm Payments Bank (Paytm PB) from onboarding new customers with immediate effect because of certain supervisory concerns. Furthermore, the banking regulator has directed Paytm PB to…

Mumbai: The Reserve Bank of India (RBI) on Thursday imposed a penalty of Rs 1 crore each on payment system operators-- One Mobikwik Systems Private Limited and Spice Money Limited --for deficiencies in regulatory compliance. The central…

Mumbai: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on State Bank of India for contravention of sub-section (2) of section 19 of the Banking Regulation Act, 1949 (the Act). The central bank said this…

Puri: Reserve Bank of India (RBI) Governor Shaktikanta Das, accompanied by his wife, visited Jagannath temple in Puri on Monday. According to officials, Das offered prayers to Lord Jagannath and his siblings in the main temple. He then…

New Delhi: Prime Minister Narendra Modi is scheduled to launch two innovative customer-centric initiatives of the Reserve Bank of India (RBI) on Friday. As per the Prime Minister's Office, PM Modi will launch the initiatives at 11 am on…

New Delhi: Prime Minister Narendra Modi will launch two innovative customer-centric initiatives of the Reserve Bank of India on November 12, 2021 at 11 AM via video conferencing. These initiatives are the RBI Retail Direct Scheme and the…