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RBI unexpectedly lowers benchmark rates

The Reserve Bank of India (RBI) lowered the interest rates in the policy meeting which saw Shaktikanta Das debut as the new governor of the RBI, according...

RBI to inject Rs.10,000 crore more as liquidity deficit widens

The Reserve Bank of India (RBI) announced on Tuesday that it plans to extend the amount of liquidity infusion to Rs.50,000 crore from Rs.40,000...

Mastercard presents a proposal regarding data localisation

The multinational financial services company, Mastercard, has informed the Reserve Bank of India (RBI) that it will soon start deleting data of Indian consumers...

Yes Bank to submit the name of new CEO and MD...

Yes Bank said that they will submit the final recommendation for the position of the Chief Executive Officer (CEO) and Managing Director (MD) of...

Urjit Patel resigns as RBI governor

RBI governor Urjit Patel announced his resignation on Monday, four days before the RBI board meeting. According to a report by The Times of...

Interest rates to be linked to external benchmarks from April 1

Come April 1 2019, banks will link their floating interest rates to external benchmarks, with the RBI proposing this new system. The interest rates...

Customers to possibly pay for GST imposed on bank ‘free services’

Offering free services to customers has always been the unique selling point for businesses to lure customers from their rivals, but in the coming...

11,000 bank officers trained on MSME credit

In a bid to simplify the process of providing credit to MSMEs, the Reserve Bank of India has provided training to around 11,000 officers...

Dena Bank expects the valuation report for the merger in the...

Dena Bank has begun an independent valuation regarding its proposed merger with two other state-based banks, the report of which is expected to be...

RBI planning to create office of payments ombudsman

With the country seeing a remarkable increase in the number of digital transactions, the Reserve Bank of India is considering the feasibility of setting...