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Central Bank of India

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Reserve Bank of India: Central Bank of India
The Reserve Bank of India is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance of the Government of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development.

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Wayanad survivors to step up stir as RBI refuses to ask banks to waive loans

Survivors of the Chooralmala-Mundakkai landslides in Kerala are escalating their protests after the RBI rejected their loan waiver requests. Despite meeting with RBI officials, residents continue to..
IndiaTimes - Published

RBI's customer care unit in Mumbai gets threat call, case registered


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Odisha minister Prithviraj Harichandan arrives at Jagannath Temple to offer prayers

Prithviraj Harichandan visited Shri Jagannath Temple and Loknath temple to offer prayers to Maa Bimla as 'Ratna Bhandar' opened on July 14 after 40 years. Approved by Chief Minister Mohan Charan Majhi,..
IndiaTimes - Published

Fixed deposits: Which bank is offering highest FD interest rates post RBI's new guidelines?

The Reserve Bank of India (RBI) recently announced raising the bulk fixed deposit limit to Rs 3 crore from the earlier Rs 2 crore. So, now your FDs worth up to Rs 3 crore will fall into the retail FDs..
DNA - Published

Understanding Car Insurance and Car Loan: A Guide to Protecting and Financing Your Vehicle

In 2023, India was ranked as the fastest-growing automobile market among the world's 10 largest markets, compared to 2019. According to the Reserve Bank of India's data, vehicle loan growth has..
DNA - Published

RBI fines HSBC over FEMA violations


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Former RBI Governor Raghuram Rajan to join Congress? He says, 'Rahul Gandhi is...'

On rumours of him joining the Congress, he reacted, "And that's what I try and do. So where I feel government policies are going off track regardless of whether I'm government or not - I talk about..
DNA - Published

Lok Sabha Election 2024, Phase 5: Polling in 49 seats today, check what's open and what's closed

During the fifth phase of the Lok Sabha Election, banks in specific cities designated by the Reserve Bank of India (RBI) will remain closed.
DNA - Published

Govt needs to bring out 'White Paper' on freebies by political parties: Ex RBI chief Subbarao


IndiaTimes - Published

Congress becoming outdated, losing relevance: Rajnath Singh

Rajnath Singh criticizes Congress, praises BJP's nation-building. Mentions RBI book, Modi's role in war. Talks Telangana, BRS, Vajpayee, Ram temple, Article 37, Triple talaq, CAA. Asserts minorities..
IndiaTimes - Published

Ram Mandir Inauguration: List of states which have declared holidays

In anticipation of the grand inauguration of the Ram Mandir, various state governments declare half-day or full-day holidays, allowing devotees to partake in the historic event. Schools and colleges..
IndiaTimes - Published

RBI will not emulate others on regulations; world cannot afford a 'crypto mania': RBI chief

RBI Governor Shaktikanta Das reaffirms the central bank's opposition to cryptocurrencies and US regulators allowing bitcoin ETFs. He emphasizes that the RBI does not emulate others' regulations and..
IndiaTimes - Published

December 31 last date to renew bank locker papers

The RBI has not extended the deadline for renewing bank locker rental agreements, causing concern for depositors. Banks, including Union Bank, Canara Bank, and Bank of Baroda, have introduced digital..
IndiaTimes - Published

RBI, HDFC, ICICI banks receive bomb threats, sender demands resignation of Nirmala Sitharaman

The mail said 11 bombs have been planted at 11 locations in Mumbai including RBI offices, HDFC Bank and ICICI Bank and the blast would take place at 1:30 pm.
DNA - Published

India needs to address issues like malnutrition to become developed country: Raghuram Rajan

Raghuram Rajan, former RBI Governor, emphasizes that India needs to address malnutrition and focus on its human capital to become a developed nation. He questions how the country can achieve..
IndiaTimes - Published

Delhi HC seeks RBI response on banks' preparedness against cyber frauds

The Delhi High Court has recently directed the Reserve Bank of India (RBI) to submit an affidavit, clarifying the guidelines issued to commercial banks about the required response to requests for..
IndiaTimes - Published

Venkitaramanan, who steered RBI during 1991 crisis, passes away at 92

S Venkitaramanan, the former governor of the Reserve Bank of India (RBI), has passed away at the age of 92. Prior to his role as RBI governor, he served as the finance secretary and an advisor to the..
IndiaTimes - Published

RBI Governor Shaktikanta Das calls protecting depositors' money 'sacred duty, like going to temple, masjid or gurdwara'

''Protection of depositors' money is the most important responsibility of a bank. It is a sacred duty. It is a sacred duty like going to a temple or masjid or gurdwara to bow down, it's a sacred task...
DNA - Published

Indian economy doing well even in unsupportive global environment: RBI MPC member Ashima Goyal

The Indian economy has shown improvement in key macroeconomic indicators, despite a challenging global environment, due to various reforms implemented by the Modi-led government, according to RBI..
IndiaTimes - Published

Like farm loan, students to get frictionless education loan by 2024-25

Education loans are set to get easier with the Reserve Bank of India (RBI) planning to put in place "frictionless credit mechanism" soon. A confirmed admission offer, accessed digitally, is all that..
IndiaTimes - Published

India in Reserve Bank's name should be replaced with Bharat: Himanta Biswa Sarma

Assam Chief Minister Himanta Biswa Sarma has suggested renaming institutions like the Reserve Bank of India to 'Reserve Bank of Bharat'. He believes that the word 'India' and practices associated with..
IndiaTimes - Published

Orient Exchange and Fintiba GmbH Join Forces to Empower Indian Students' Aspirations of Studying in Germany

Orient Exchange and Financial Services (P) Ltd is a Bangalore-based financial institution authorized by the Reserve Bank of India as Dealer Cat-II
DNA - Published

RBI permits banks to open vostro accounts from 22 countries for trade in rupee

The Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries as part of efforts to promote bilateral trade in..
IndiaTimes - Published

GST collection, devolution a success story in northeast: Nirmala Sitharaman

According to the 2023 RBI report on state finances, the eight NE states have registered a compounded annual GST hike of 27.5 per cent, Sitharaman said. Assam was the first state to ratify the GST Act,..
IndiaTimes - Published

Going beyond $: India, UAE sign -dirham trade pact

The Reserve Bank of India (RBI) and the Central Bank of UAE on Saturday decided to move further on strengthening the economic engagement between the two countries by agreeing to allow exporters and..
IndiaTimes - Published

Supreme Court junks plea challenging 2,000 note exchange without ID proof

The Supreme Court on Monday refused to entertain a petition challenging a Delhi high court order which had upheld the Reserve Bank of India’s decision not to seek identity proof of persons while..
IndiaTimes - Published

SC dismisses plea challenging RBI decision to permit exchange of Rs 2K notes without requisition slip, ID proof

The Supreme Court on Monday refused to entertain an appeal challenging the Delhi High Court verdict dismissing a PIL against the RBI notification permitting exchange of Rs 2,000 currency notes without..
IndiaTimes - Published

RTI query reveals mismatch between numbers of Rs 500 notes printed, received by RBI, Rs 88032 crore missing: Report

The report claimed the three Indian mints issued 8,810.65 million pieces of the newly designed Rs 500 note but the Reserve Bank of India received only 7260 million.
DNA - Published

India's forex kitty declines by $1.32 billion to $593.75 billion

India's forex reserves dropped by $1.318 billion to $593.749 billion for the week ended June 9, the Reserve Bank of India said on Friday. The overall reserves had jumped by $5.93 billion to $595.067..
IndiaTimes - Published

RBI must repeal notification allowing banks to undertake compromise settlement of wilful defaults: Congress

Congress general secretary Jairam Ramesh sought a clarification from the RBI as to why it has changed its own rules on "wilful defaulters" and "frauds".
IndiaTimes - Published

RJD, JD(U) to boycott new Parliament building inauguration

Bihar deputy chief minister Tejashwi Yadav on Tuesday declared that his Rashtriya Janata Dal will boycott the inauguration of the new Parliament building by Prime Minister Narendra Modi, which is..
IndiaTimes - Published

Strong domestic demand powers growth: RBI, govt


IndiaTimes - Published

Rs 2000 notes withdrawn: Move over UPI! Now 2000 notes become customer favourite in Delhi markets

As the RBI announced that all Rs 2000 notes are being withdrawn in the country, these rare notes have made a major appearance across market places in Delhi.
DNA - Published

Another whimsical, Tughlaqi demonetisation drama: Mamata after RBI announces withdrawal of Rs 2,000 notes

West Bengal chief minister Mamata Banerjee on Saturday slammed the BJP-led central government over the Reserve Bank of India's decision to withdraw Rs 2,000 currency notes from circulation, describing..
IndiaTimes - Published

Is 'second demonetisation' cover-up of wrong decision made earlier, asks Mallikarjun Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of Rs 2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the..
IndiaTimes - Published

RBI to withdraw Rs 2,000 currency notes from circulation; notes will continue to be legal tender till September 30


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Direct Paytm to pay damages to doctor who lost Rs 3 lakh to hackers, HC tells RBI


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India, Malaysia can now trade in Indian rupee

India and Malaysia can now use the Indian rupee to settle trade in addition to other currencies, the ministry of external affairs (MEA) said on Saturday. "This follows the decision by the Reserve Bank..
IndiaTimes - Published

Vice President Dhankhar takes dig at former RBI governor Raghuram Rajan


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Congress writes to RBI & Sebi, seeks probe into Adani case

Claiming that the 'PM-blessed' Adani group is facing trouble raising funds abroad while being "heavily over-leveraged", Congress on Wednesday wrote to the Reserve Bank of India asking for "implicit or..
IndiaTimes - Published

Congress's Jairam Ramesh urges RBI, Sebi to probe allegations against Adani Group


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Repo rate hiked by 25 basis points to 6.5% for 2023-24, announces RBI Governor

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the Monetary Policy statement on Wednesday.
DNA - Published

RBI and SEBI must probe reasons for fall in Adani shares: Cong leader Mallu Ravi


IndiaTimes - Published

Cong seeks 'serious' probe by SEBI, RBI against Adani group


IndiaTimes - Published

Congress demands SEBI, RBI probe into Hindenburg charges against Adani Group

"Has the Modi government chosen to turn a blind eye towards illicit activities by its favourite business group?," said Congress leader Jairam Ramesh.
DNA - Published

"Was Messi..." RBI Governor comes up with witty reply to 'history major' taunt

RBI Governor Shaktikanta Das asks if Messi was also a post-graduate in history on the 'history major central bank governor' taunt.
DNA - Published

Raghuram Rajan joins Rahul Gandhi's Bharat Jodo Yatra, BJP says he 'fancies himself as the next Manmohan Singh'

Sharing an image with former RBI Governor Raghuram Rajan, Congress leader Rahul Gandhi said, "We walk for unity and to secure India's future."
DNA - Published

Delhi: Four arrested for cheating people posing as Finance Ministry and RBI officials in insurance fraud

Insurance scam: The accused used to approach victims through a letter which had a forged sign of the Finance Minister, police said.
DNA - Published

Supreme Court reverses judgement on demonetisation, asks centre and RBI for records

Supreme Court has reversed the centre's decision to demonetise Rs 1000 and Rs 500 notes in 2016.
DNA - Published

SC reserves order on demonetisation plea, asks Centre, RBI to present related records

The Supreme Court on Wednesday asked the Centre and Reserve Bank of India to place before it the records pertaining to the 2016 demonetisation decision in a sealed envelope. Hearing a batch of..
IndiaTimes - Published


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