Tag: RBI
RBI uncomfortable with skyrocketing retail inflation: Hits 6.52% in January
The Reserve Bank of India's upper tolerance level of 6% was exceeded by retail inflation in January after two months of significant increases. A...
RBI’s warning to states on the old pension scheme: What you need to know
The Reserve Bank of India (RBI) has advised states against switching back to the previous pension system (OPS), which was popular until 2004, because...
Digital Rupee Coming On Dec 1: RBI selects these banks for first phase, will be rolled out in these cities
On December 1, 2022, the Reserve Bank of India will announce that the first pilot programme for retail digital rupees (e-R) would begin. "The closed...
RBI MPC announces no change in ‘repo rate’ and ‘reverse repo rate’ for accommodative stance
RBI Repo rate: The Reserve Bank of India Thursday announced to keep the repo rate unchanged at 4 per cent. This is for the...
RBI fintech dept to focus on dynamically growing financial sector
RBI fintech department: The Reserve Bank of India (RBI) recently set up a fintech department. It aims to focus on the dynamically growing financial...
RBI comes up with PCA framework for NBFCs: Here’s what it means
The Reserve Bank of India (RBI) on Tuesday introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs). For applying prompt corrective action...
RBI keeps Repo Rate unchanged, A good news for home loan buyers
The Reserve Bank of India has maintained the status quo on key policy rates. In its December monetary policy on Wednesday, it has announced...
RBI supersedes Board of Reliance Capital over Company defaults in meeting payment obligations
RBI Monday said that it has superseded the board of Reliance Capital owing to the defaults of the company. This comes after it defaulted in...
RBI report on digital lending calls for legislation against illegal lending
The Reserve Bank of India has released a report of the Working Group on Digital Lending. It calls for legislation against illegal digital lending activities....
RBI revises PCA framework for Scheduled Commercial Banks
The Reserve Bank of India (RBI) in the latest review has come up with a revised existing PCA framework for Scheduled Commercial Banks (SCBs)....