RBI permits interoperability in mobile wallets with KYC conditions
RBI has directed financial companies to make know your customer(KYC) compliant prepaid payment instruments (PPIs) like mobile wallets interoperable within next 6 months. As per...
Tag : RBI
RBI keeps repo rate unchanged at 6%
RBI has kept the key repo rate unchanged at 6% and reverse repo rate unchanged at 5.75%. RBI stated that, the gross value added(GVA) growth...
RBI will issue Rs 200 currency notes from tomorrow
On August 25, the Reserve Bank of India (RBI) is going to issue bright yellow coloured Rs 200 denomination banknotes. The banking regulator has said...
RBI cuts repo rate by 25 basis point to 6%
The Monetary Plicy Committee (MPC) of the Reserve Bank of India at its third bimonthly policy review, reduced the short term lending rate or repo...
RBI has stopped printing Rs 2,000 notes
The Reserve Bank of India (RBI) has stopped printing the Rs 2,000 currency notes and is not going to bring new notes of that denomination...
Disha Microfin receives final approval from RBI for small finance bank
Disha Microfin has received the final license from RBI to operate as a small finance bank. The company has said in a statement that the...
RBI has issued new draft rules for M&As
A fresh set of regulations has been proposed by the Reserve Bank regarding mergers and acquisitions that seek reporting of such actions to be more...
RBI keeps the repo rate unchanged at 6.25%
The Reserve Bank of India has kept the repo rate unchanged at 6.25% after reducing it twice in the current financial year. The MPC’s stance...
RBI has imposed Rs 3 crore penalty on Lakshmi Vilas Bank
The Reserve Bank of India has imposed a penalty of Rs 3 crore on Lakshmi Vilas Bank for contravention of instructions on opening and operation...
Viral V Acharya has been appointed by RBI as Deputy Governor
Viral V Acharya, a professor of Economics in the Department of Finance at the New York University, has been appointed by the Government as the...