RBI likely to hike policy interest rates; raise inflation forecast today

Mumbai, June 8 The Reserve Bank of India (RBI) is likely to hike the policy repo rate by 40 basis points to 4.80 percent on Wednesday and increase the inflation…

RBI to adopt graded approach to introduction of digital currency

Mumbai, May 29 The Reserve Bank of India (RBI) proposes to adopt a graded approach for the introduction of digital currency in the country, according to the RBI’s annual report…

RBI raises repo rate by 40 basis points to 4.40 % with immediate effect

Mumbai, May 4 In a surprise move, the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect.…

RBI keeps repo, reverse repo rates unchanged for 11th time in row

Mumbai, April 8 Reserve Bank of India’s (RBI) Monetary Policy Committee on Friday voted to keep the benchmark repo and reverse repo rates unchanged for the 11th consecutive time. “MPC…

COVID-related relief measures have sunset date: RBI Governor

Mumbai, March 21 All COVID-related liquidity relief measures extended by the central bank have come with a sunset date and would be withdrawn in due course, Reserve Bank of India…

RBI to issue digital rupee using blockchain in FY 22-23: Sitharaman

New Delhi , February 1 To boost the Indian economy, the Reserved Bank of India (RBI) will be issuing a digital rupee using blockchain and other technologies in the Financial…

RBI lower currency limit for pilgrims visiting Gurudwara Darbar Sahib in Kartarpur

New Delhi , December 16 The Reserve Bank of India (RBI) on Wednesday permitted Indians as well as Overseas Citizens of India (OCI) cardholders going on pilgrimage to Gurdwara Darbar…

RBI extends CCL limit for Punjab paddy procurement till Nov-end

The Fact News Service Chandigarh, October 31 The Reserve Bank of India (RBI) has extended Cash Credit Limited (CCL) for Punjab paddy procurement till November end for the ongoing paddy…

RBI keeps interest rates at record low to boost economic recovery

The Fact News Service Mumbai, October 9 The RBI expectedly kept interest rates unchanged at a record low on Friday but signaled the start of tapering pandemic-era stimulus measures on…

Chandigarh DC chairs meeting of RBI to discuss increasing online frauds

The Fact News Service Chandigarh, October 6 A meeting was held on Tuesday under the chairmanship of Deputy Commissioner, Mandip Singh Brar with the representatives of Reserve Bank of India…

Banks to pay fine if ATM runs out of cash

The Fact News Service Chandigarh, August 11 In what comes as relief for the consumers, the Reserve Bank of India (RBI) to impose penalty on the banks if their ATMs…

RBI keeps policy rate unchanged for 7th time in a row; repo retained at 4%

The Fact News Service Mumbai, August 6 The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative…

RBI cautions public against buying, selling of old banknotes, coins

The Fact News Service New Delhi, August 4 The Reserve Bank of India (RBI) on Wednesday cautioned the public to not fall prey to fictitious offers of buying or selling…

IndusInd Bank gets empaneled as agency bank to RBI

The Fact News Service Mumbai, August 3 Private sector lender IndusInd Bank said on Tuesday it has been empaneled by the Reserve Bank of India (RBI) as an agency bank…

RBI to conduct Rs 20,000 crore bond purchase on July 8

The Fact News Service Mumbai, July 6 The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme…

RBI gives nod to Centrum Financial Services for small finance bank

The Fact News Service Mumbai , June 18 The Reserve Bank of India (RBI) on Friday decided to grant in-principle approval to Centrum Financial Services Ltd to set up a…

Banking at doorstep for senior citizens amid Covid pandemic

The Fact News Service, June 6 Because of the coronavirus crisis, every strata of society have been affected. As we know that the senior citizens are more likely to get…