RBI Might Have Underestimated Inflation to Keep Bank Rate Steady
The RBI’s monetary policy meeting, last week, just days before the expected release of the monthly consumer price index data by the government came as a surprise. Food prices in ...
Tag: RBI
RBI Initiates ‘Public Tech Platform’ for Streamlined Digital Lending
New Delhi (Agency): The Reserve Bank of India (RBI) has announced the pilot launch of a 'Public Tech Platform'. This platform is designed to simplify and improve the process of ...
RBI Is Trying To Be Politically Correct In The Year Before General Elections
One misses Atal Behari Vajpayee sometimes. When price of tomatoes is going through the roof, we hardly hear any of those ringing metaphors. No one is turning puns on tomato ...
Banks Write-off Over Rs 14.56 Lakh Crore in Bad Loans in Last Nine Years
New Delhi (Agency): In the last nine financial years, from 2014-15 to 2022-23, Indian banks have written off bad loans worth Rs 14.56 lakh crore, according to information given to ...
Parliamentary Panel Urges Immediate Compensation for Cyber Fraud Victims
New Delhi (Agency): A parliamentary panel has made a significant recommendation calling for financial institutions to provide immediate compensation to victims of cyber fraud. The panel believes that this step ...
Modi Govt Writes Off Rs 2.09 Lakh Crore Loan To Companies In 2022-23
New Delhi (IPA Service): India is in election mode, and the Narendra Modi government takes special care of big companies that are not only helping the BJP through finance, especially ...
Wilful Defaulters Are Having A Big Time After Latest RBI Directive On Pending Loans
New Delhi (IPA Service)Napoleon had once said,”…Money has no motherland; Financiers are without patriotism and also without decency. Their sole object is gain”. Though not visible, it is the creed ...
RBI red flags concerns around big tech in financial services
New Delhi, (Aryavarth) The Reserve Bank of India (RBI) has highlighted the likely issues around big tech's role in the financial services sector and said that concerns such as level playing ...
UP: Fake currency found in RBI chest, FIR lodged
Lucknow,(Aryavarth) An FIR has been lodged at the Mahanagar police station here after the recovery of fake currency notes in the currency chest of the Reserve Bank of India. Mohit Priyadarshi, ...
RBI extends restrictions on PMC Bank till Dec 31
Mumbai,(Aryavarth) The Reserve Bank of India (RBI) has extended the timeline for restrictions on Punjab and Maharashtra Cooperative (PMC) Bank till December 31, 2021 after taking into account the prospective time ...
RBI’s big surplus transfer to Centre due to shrinking balance sheet size by fourth in 2020-21
New Delhi,(Aryavarth) Last month the Reserve Bank of India (RBI) had surprised many by announcing huge surplus transfer of Rs 99,122 crore to Centre for nine months ended March 31, 2021. ...
RBI allows 24×7 bulk payment system for uninterrupted DBT
Mumbai,(Aryavarth) In order to ensure seamless and uninterrupted transfer of government subsidies to beneficiaries, the RBI on Friday permitted availability of National Automated Clearing House (NACH) on all days of the ...
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