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Central banking institution of India

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Reserve Bank of India: Central banking institution of India
The Reserve Bank of India (RBI) is India's central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India.

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Top News of the Day, Feb 6, 2020: PM Modi's reply in Parliament, RBI's monetary policy and more

In top news of the day, Prime Minister Narendra Modi launched an all-out attack on the opposition as he replied to a debate on Motion of Thanks to the President's Address in Parliament. In another..
DNA - Published

RBI Assistant Recruitment 2019: Last date for registration process today, apply @ rbi.org.in

The official notification released by RBI stated that there are as many as 926 vacancies across various branches for the post of Assistant in the Reserve Bank of India.
DNA - Published

BJP MP seeks to calm depositors after RBI imposes curbs on Bengaluru Co-operative bank

Days after the Reserve Bank of India (RBI) capped the withdrawal limit of Sri Guru Raghavendra Co-operative Bank to Rs 35,000, BJP MP Tejasvi Surya on Monday reassured account holders and said finance..
IndiaTimes - Published

Raghuram Rajan backs Deepika Padukone's silent protest, EC Lavasa's impartial duty

Backing Deepika Padukone, former RBI governor Raghuram Rajan said the actress' silent protest against JNU violence as also Election Commissioner Ashok Lavasa doing his duty impartially despite..
IndiaTimes - Published

India’s aim to become $5trillion economy by 2025 is impossible, former RBI governor Rangarajan says

India’s aim to become a $5 trillion economy by 2025 is not possible with the current economic growth rate, former Reserve Bank of India governor and former chairman of Prime Minister’s Economic..
IndiaTimes - Published

Mobile Aided Note Identifier app launched by RBI to help the visually challenged identify currency notes

Technological progress has opened up new opportunities for making Indian banknotes more accessible for the visually challenged, which will help them avail day-to-day transactions.
DNA - Published

PMC Bank depositors detained while protesting outside CM Thackeray's house

The depositors also held protests outside Reserve Bank of India (RBI)'s office in Mumbai, where people especially women were heard sloganeering- "We Want Justice" and were holding placards with Hindi..
IndiaTimes - Published

Highways ministry urges RBI to exempt FASTags from KYC norm

Currently, vehicle owners need to give details of the vehicle, including its registration proof, and also relevant documents for individual identity and address to acquire FASTags. This process takes..
IndiaTimes - Published

SC to consider according hearing in January on plea seeking stay on electoral bond scheme

A bench, comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant, was told by lawyer Prashant Bhushan that around Rs 6,000 crore had been collected under the scheme, which have been..
IndiaTimes - Published

As High Court clears the way, Kerala to get its own bank soon

Earlier, the Reserve Bank of India (RBI) too had expressed its approval for the setting up of the Kerala Bank, asserting that it would be the largest banking network across the state.
DNA - Published

Electoral bonds have made corruption official: Congress in Lok Sabha

Raising the issue during Zero Hour, Manish Tewari said despite reservations expressed by the Reserve Bank of India and the Election Commission, the government went ahead with the scheme. Congress..
IndiaTimes - Published

Cong says govt overruled RBI to introduce electoral bonds, wants scheme scrapped


IndiaTimes - Published

Congress slams government, says 'electoral bonds must be scrapped'

The Congress on Monday alleged that the Modi government had overruled the RBI to introduce electoral bonds to enable "black money to enter the BJP coffers" and demanded that the scheme be scrapped..
IndiaTimes - Published

Raghuram Rajan should join politics, Anurag Thakur hits out at RBI governor


IndiaTimes - Published

PMC Bank Case: Former chairman Waryam Singh, HDIL directors sent to police custody till October 16

Last month, the RBI restricted the activities of the PMC Bank for six months and asked it to not grant or renew any loans and advances
DNA - Published

Majoritarianism taking India down ‘dark and uncertain path’: Rajan

The former RBI head also made a dark prognosis for the economy, stating in a recent lecture that the government’s economic performance is not sustainable and that there is a risk of the country going..
IndiaTimes - Published

Gurudwaras worry over funds locked in PMC Bank

The curb on withdrawal has been imposed by the Reserve Bank of India (RBI) after the fraud came to light.
DNA - Published

PMC Bank Crisis: Gurdwaras face severe fund crunch before Gurpurab, over Rs 1000 crore deposit locked in accounts

The curb on withdrawal has been imposed by the RBI after the fraud came to light.
DNA - Published

Stock market shows healthy gains ahead of RBI policy rate decision; Sensex up by 230 points, Nifty at 11,366

The RBI's monetary policy committee is expected to announce the fifth consecutive rate cut this year to support government measures for boosting economic activity amid benign inflation.
DNA - Published

Affected by PMC bank restrictions, many threaten to boycott upcoming Assembly polls

Many PMC Bank account holders have put up a picture addressed to Prime Minister Narendra Modi on their social media accounts reading: "I will not vote on October 21 if the PMC bank crisis is not..
IndiaTimes - Published

My biggest worry is govt will spend RBI money to claim there is no slowdown: Tharoor


IndiaTimes - Published

RBI Junior Engineer Exam: Scorecard released, check @rbi.org.in.

The exam was conducted in February and the result was announced on July 12, 2019.
DNA - Published

Who is the guarantor allowing 'big bank frauds': Priyanka on RBI report

Congress leader Priyanka Gandhi Vadra attacked the government over an RBI report showing bank frauds have gone up by 15 per cent year-on-year in 2018-19, asking who is the guarantor allowing such "big..
IndiaTimes - Published

Nirmala Sitharaman flays Congress remarks on RBI payout

Hitting back at the Congress, Sitharaman says they should have consulted their finance minister and seniors before making these allegations regarding the RBI
DNA - Published

'Outlandish', says FM after Rahul claims government looting RBI

A war of words broke out between Congress’s Rahul Gandhi and finance minister Nirmala Sitharaman on Tuesday over the former’s claims that the government was “stealing” from the Reserve Bank of..
IndiaTimes - Published

Jalan Committee recommends alignment of RBI's financial year with Govt's fiscal year

The RBI Board meeting to finalise its annual accounts was held after the committee submitted its report to RBI Governor Shaktikanta Das on Friday.
DNA - Published

Rahul obsessed with 'stealing', his party is synonymous with corruption: BJP

Rao's reaction came after Gandhi attacked the BJP-led government over cash transfer from RBI. The Congress leader said that the prime minister and the finance minister are "clueless" about solving the..
IndiaTimes - Published

Congress should have spoken to its own finance ministers: Sitharaman slams Rahul for 'stealing from RBI' jibe

Finance minister Nirmala Sitharaman on Tuesday slammed Rahul Gandhi's "stealing from RBI" attack at the government and said the people of the country had given the Congress leader and his party a..
IndiaTimes - Published

'Stealing from RBI won't work': Rahul Gandhi attacks PM, FM over 'self created economic disaster'

Rahul Gandhi lashes out after RBI decision
DNA - Published

Centre usurping huge windfall from RBI: Jairam Ramesh

"Urjit Patel & Viral Acharya held the fort. They were forced to leave. The fort was breached. The Government of India now usurps a huge windfall from the RBI going contrary to what the central bank's..
IndiaTimes - Published

PM Modi launches RuPay card in UAE

PM Modi on Saturday launched the RuPay card in UAE. RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments...
IndiaTimes - Published

State in 2 weeks why you keep changing features of notes and coins: HC to RBI

“For a decision you don’t need data. We are not asking you the number of notes you have printed,” Chief Justice Nandrajog said. The judges said the claim that notes are changed to tackle fake..
IndiaTimes - Published

Extend moratorium on repayment of crop loans for Kerala farmers to Dec 31: Rahul Gandhi to RBI Governor Shaktikanta Das

At least 95 people died and 34 others sustained injuries in incidents related to heavy rain and floods since August 8 in different parts of Kerala.
DNA - Published

Rahul Gandhi writes to RBI governor, seeks relief for flood-hit Kerala farmers


IndiaTimes - Published

Had once told finance minister to sack RBI governor: Nitin Gadkari

Union transport minister Nitin Gadkari said he had once recommended to the finance minister to sack the RBI governor. Through this incident he sought to make the point how rigidity by regulators had..
IndiaTimes - Published

Maharashtra tops in ATM frauds, Delhi second

The capital reported 179 cases of ATM frauds in 2018-19, the second highest in the entire country after Maharashtra (233), RBI data has revealed. The country witnessed an increase in ATM fraud cases in..
IndiaTimes - Published

Why Rs 48K-cr disparity in Gujarat debt, asks Leader of Opposition Paresh Dhanani

Public debt of the state for the year 2016-2017 was Rs 1,99,338 crore while the RBI pegs it at Rs 2,48,000 crore in its report
DNA - Published

Govt considering giving more powers to RBI to regulate NBFCs: Sitharaman

The government is considering strengthening the Reserve Bank's regulatory and supervisory powers over the non-banking finance companies (NBFCs), Finance Minister Nirmala Sitharaman said in the Lok..
DNA - Published

Govt changes, but 'economic manhandling' remains: Congress on RBI deputy governor's resignation


IndiaTimes - Published

RBI deputy guv resignation: Congress raises RBI independence issue

In a surprise move, Acharya has resigned from his position at the central bank merely six months ahead of the scheduled end of his three-year term, citing personal reasons. This is the second..
IndiaTimes - Published

Manipur CM takes charge of finance ministry as RBI stops funds to state due to overdrawing

The RBI stopped honouring all government bills and cheques which will be followed by all bank branches and offices
DNA - Published

Mumbai: Realty players want RBI to act on liquidity issue

According to NAREDCO president, a 25 basis point rate cut would provide momentum to the market but more needs to be done to address liquidity issue
DNA - Published

Consumer body to take up citizen issues with RBI, IBA

The Consumer Guidance Society of India (CGSI) said that it will soon be approaching Reserve Bank of India (RBI) and Indian Bank Association (IBA) to take up issues related to banking industries faced..
DNA - Published

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