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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
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Return Property Papers To Borrowers Within 30 Days Of Repayment: RBI To Banks
The Reserve Bank on Wednesday directed banks and financial institutions to release all original movable or immovable property documents and remove charges registered with any registry within 30 days after full repayment of a loan by the borrower.
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Number Of Bank Frauds Rose In 2022-23, Amount Involved Halved: RBI Data
The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved at Rs 30,252 crore, showed a Reserve Bank data released on Tuesday.
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Forex Reserves Rise To $586.41 Billion, Reach Over 9-Month High
India's forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase, according to the RBI data released today.
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Cumulative Impact Of Monetary Policy Actions Still Unfolding: RBI Governor
RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released today.
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Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
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RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks
To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday. In this context, various options are being considered internationally, it said. To promote responsible innovation and to mitigate financial stability ...
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Bank Credit Growth Accelerates To 17.2% In July-September: RBI
"Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth," the Reserve Bank said while releasing 'Quarterly Statistics on Deposits and Credit of SCBs: September 2022'.
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Digital Lending Rules Designed To Protect Customers: RBI Deputy Governor
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Thursday said the recently released digital lending norms are designed to end regulatory arbitrage and protect customers.
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House Price Index Rises 3.5% In First Quarter: RBI Data
The all India house price index (HPI) rose by 3.5 per cent year-on-year in the first quarter of 2022-23, according to data released by the Reserve Bank of India.
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RBI Releases Provisioning Norms For Big Non Bank Finance Companies
RBI on Monday came out with a set of norms for provisioning for standard assets by large Non-Banking Financial Companies (NBFCs)
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House Price Index Rose 1.8% In March Quarter: RBI
The All India House Price Index rose 1.8 per cent in March quarter of 2021-22 on an annual basis, according to data released by RBI
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RBI Fixes Premature Redemption Price Of Gold Bond At Rs 5,115 Per Unit
The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said.
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IIT Madras Incubation Cell, RBI Innovation Hub Come Together To Nurture Financial Inclusion
According to a release, select start-ups would be considered from time to time by RBI Innovation Hub for co-incubation and thereby receive strategic and operational guidance, training and mentoring sessions under RBI Innovation Hub leadership and domain experts.
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Centre, RBI's Reply Sought Over Plea To Release Rs 5 Lakh To PMC Bank Depositors
The Delhi High Court today asked the Centre and the RBI to respond to a plea seeking release of up to Rs 5 lakh to depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd to help them address health issues during the prevalent COVID-19 pandemic.
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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
-
Return Property Papers To Borrowers Within 30 Days Of Repayment: RBI To Banks
The Reserve Bank on Wednesday directed banks and financial institutions to release all original movable or immovable property documents and remove charges registered with any registry within 30 days after full repayment of a loan by the borrower.
-
Number Of Bank Frauds Rose In 2022-23, Amount Involved Halved: RBI Data
The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved at Rs 30,252 crore, showed a Reserve Bank data released on Tuesday.
-
Forex Reserves Rise To $586.41 Billion, Reach Over 9-Month High
India's forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase, according to the RBI data released today.
-
Cumulative Impact Of Monetary Policy Actions Still Unfolding: RBI Governor
RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released today.
-
Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
-
RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks
To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday. In this context, various options are being considered internationally, it said. To promote responsible innovation and to mitigate financial stability ...
-
Bank Credit Growth Accelerates To 17.2% In July-September: RBI
"Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth," the Reserve Bank said while releasing 'Quarterly Statistics on Deposits and Credit of SCBs: September 2022'.
-
Digital Lending Rules Designed To Protect Customers: RBI Deputy Governor
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Thursday said the recently released digital lending norms are designed to end regulatory arbitrage and protect customers.
-
House Price Index Rises 3.5% In First Quarter: RBI Data
The all India house price index (HPI) rose by 3.5 per cent year-on-year in the first quarter of 2022-23, according to data released by the Reserve Bank of India.
-
RBI Releases Provisioning Norms For Big Non Bank Finance Companies
RBI on Monday came out with a set of norms for provisioning for standard assets by large Non-Banking Financial Companies (NBFCs)
-
House Price Index Rose 1.8% In March Quarter: RBI
The All India House Price Index rose 1.8 per cent in March quarter of 2021-22 on an annual basis, according to data released by RBI
-
RBI Fixes Premature Redemption Price Of Gold Bond At Rs 5,115 Per Unit
The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said.
-
IIT Madras Incubation Cell, RBI Innovation Hub Come Together To Nurture Financial Inclusion
According to a release, select start-ups would be considered from time to time by RBI Innovation Hub for co-incubation and thereby receive strategic and operational guidance, training and mentoring sessions under RBI Innovation Hub leadership and domain experts.
-
Centre, RBI's Reply Sought Over Plea To Release Rs 5 Lakh To PMC Bank Depositors
The Delhi High Court today asked the Centre and the RBI to respond to a plea seeking release of up to Rs 5 lakh to depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd to help them address health issues during the prevalent COVID-19 pandemic.
