Reserve Bank of India
- Business
Reserve Bank issues fresh norms for personal loans
Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in…
- India
RBI launches website to help beneficiaries claim Rs 35000 cr unclaimed deposits
Reserve Bank of India (RBI) Governor Shaktikanta Das launched a centralised website, UDGAM (Unclaimed Deposits – Gateway to Access inforMation), on Thursday. This portal aims to facilitate the search and claiming of…
- India
RBI bars banks from levying penal interest
Mumbai: Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which…
- India
Inflation to fall below RBI’s 6 pc upper tolerance from Nov: Morgan Stanley
New Delhi: Morgan Stanley expects retail inflation to moderate to Reserve Bank of India’s 6 per cent upper tolerance target only from November. Retail inflation in India rose sharply in July to…
- India
RBI may continue with the incremental CRR provision
New Delhi: There is a high probability that the Reserve Bank of India (RBI) might continue with the incremental CRR announced on August 10, which is expected to be reviewed on September…
- India
RBI retains repo rate at 6.5 percent
Chennai: As predicted by economists, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) did not change the repo rate from 6.50 percent. Announcing the decision of the MPC…
- India
RBI says 88 pc of Rs 2,000 notes returned to banks
Mumbai: The Reserve Bank on Tuesday said 88 per cent of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking system after it announced withdrawal of…
