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Rs 2000 notes withdrawal: Rs 6,691 crore worth such notes still with public

Rs 2000 notes withdrawal: Rs 6,691 crore worth such notes still with public

Wed, Jan 01, 2025

The Reserve Bank on Wednesday said 98.12 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,691 crore worth such notes are still with the public.

3 types of bank accounts to be closed as per RBI directive from today: Do you maintain them?

3 types of bank accounts to be closed as per RBI directive from today: Do you maintain them?

Wed, Jan 01, 2025

Discover how RBI’s 2025 guidelines target dormant, inactive, and zero-balance accounts to enhance banking security and reduce fraud risks in this comprehensive photo gallery. (Images: Unsplash, Pixabay)

Gross NPA ratio of India's banks falls to 12-year low of 2.6%

Gross NPA ratio of India's banks falls to 12-year low of 2.6%

Tue, Dec 31, 2024

The net NPA ratio was around 0.6 per cent, according to the RBI's December 2024 issue of the Financial Stability Report (FSR).

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RBI to retain lending rates, accommodative stance, say experts

RBI to retain lending rates, accommodative stance, say experts

Sun, Sep 27, 2020

Persistently high inflation fanned in part due to supply side disruptions along with seasonal factors will deter the Reserve Bank to administer a dose of lending rate cut during the upcoming monetary policy review.

'Economic disruption to deter RBI from quantifying FY21 growth forecast'

'Economic disruption to deter RBI from quantifying FY21 growth forecast'

Sun, Sep 27, 2020

The dynamic economic upheaval unleashed by Covid-19 pandemic might hinder the Reserve Bank of India (RBI) from giving a pin-pointed growth as well as inflation forecast in the upcoming monetary policy report, experts opined.

Rs 2000 note news: Officially confirmed! To be discontinued or not? Modi government says this

Rs 2000 note news: Officially confirmed! To be discontinued or not? Modi government says this

Sun, Sep 20, 2020

There have been a lot number of unconfirmed reports on Rs 2000 notes doing the rounds speculating that the denomination notes to be discontinued or not.

RBI to auction state government securities worth Rs 11,298 cr; know full details here!

RBI to auction state government securities worth Rs 11,298 cr; know full details here!

Thu, Sep 17, 2020

The Reserve Bank of India (RBI) will conduct an auction to sell government securities being offered by various state governments. The combined value of all the securities is Rs 11,298 cr (Face Value), an RBI release said

RBI's new guidelines on current account increase problems for foreign banks

RBI's new guidelines on current account increase problems for foreign banks

Wed, Sep 16, 2020

The new RBI guidelines on the current account have upset foreign banks, as they will not be able to get zero-interest funds from corporates in the name of providing better services than their domestic counterparts.

Indian economy showing signs of stability, RBI to take necessary measures: Shaktikanta Das

Indian economy showing signs of stability, RBI to take necessary measures: Shaktikanta Das

Wed, Sep 16, 2020

The Indian economy is showing signs of stability and Reserve Bank of India will take all necessary measures to ensure liquidity in the system and promote economic growth, Shaktikanta Das said.

SC to Centre: Consider not charging interest on interest during moratorium

SC to Centre: Consider not charging interest on interest during moratorium

Thu, Sep 10, 2020

The Supreme Court on Thursday asked the Centre to consider a plea for not charging interest on interest on deferred EMIs during the moratorium period and also not downgrade the credit/asset classification of the borrowers

RBI expands priority sector lending categories; includes start-ups

RBI expands priority sector lending categories; includes start-ups

Fri, Sep 04, 2020

The Reserve Bank has expanded the scope of priority sector lending to include start-ups funding up to Rs 50 crore, and loans to farmers for installation of solar plants and compressed biogas plants

Have loan? Problem paying back? Here is MFI alert that brings some relief to borrowers

Have loan? Problem paying back? Here is MFI alert that brings some relief to borrowers

Wed, Sep 02, 2020

Reserve Bank of India (RBI), in March, had announced a moratorium on repayment of term loans in order to provide relief to loan-takers impacted by the COVID-19 related disruptions.

Bank loan moratorium alert! Extendable by 2 years - What Centre, RBI told Supreme Court on repayment

Bank loan moratorium alert! Extendable by 2 years - What Centre, RBI told Supreme Court on repayment

Tue, Sep 01, 2020

The bench said that it would hear on Wednesday the pleas which have raised the issue of interest being charged on instalments which have been deferred under the central bank's scheme during the moratorium period amid the COVID-19 lockdown.

Loan recast: Finance Minister Nirmala Sitharaman to hold review meeting with bankers

Loan recast: Finance Minister Nirmala Sitharaman to hold review meeting with bankers

Sun, Aug 30, 2020

The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.

Shaktikanta Das talks tough, says RBI hasn't exhausted ammunition in fight against COVID-19

Shaktikanta Das talks tough, says RBI hasn't exhausted ammunition in fight against COVID-19

Thu, Aug 27, 2020

RBI Governor Shaktikanta Das has retaliated against the criticism around the way the central bank has dealt with the economic consequences of the COVID-19 pandemic. Das on Thursday said that Reserve Bank of India is yet to exhaust all options and added that it will not unwind all recent measures taken to support the Covid-19-hit economy and will act when the need arises.

Bank frauds more than doubled to Rs 1.85 trillion in FY20: RBI

Bank frauds more than doubled to Rs 1.85 trillion in FY20: RBI

Wed, Aug 26, 2020

Bank frauds of Rs 1,00,000 or more have more than doubled in value to Rs 1.85 trillion in FY20, with the number of such cases increasing 28% in the same period, the Reserve Bank of India’s annual report showed on Tuesday.

Next RBI Deputy Governor: Latest update on the selection of candidate

Next RBI Deputy Governor: Latest update on the selection of candidate

Thu, Aug 20, 2020

A search panel headed by the cabinet secretary is scheduled to interview shortlisted candidates on Friday for the post of RBI deputy governor.

Dividend of over 57,000 crore approved in RBI board meeting

Dividend of over 57,000 crore approved in RBI board meeting

Fri, Aug 14, 2020

Dividend of over 57,000 crore approved in RBI board meeting. The board also approved the annual report and accounts of Reserve Bank of India for the year 2019-20. Watch the video to know more.

RBI board to hold meeting; know what all will be discussed

RBI board to hold meeting; know what all will be discussed

Fri, Aug 14, 2020

This is a segment of Zee Business which brings to you latest updates. RBI board to hold meeting,, annual financial accounts will be approved, discussion on giving dividend to the government. Know what all will be discussed.

RBI bank current account rules changed! Watch this report to know how it can impact you

RBI bank current account rules changed! Watch this report to know how it can impact you

Mon, Aug 10, 2020

RBI bank current account rules changed! Watch this report to know how it can impact you

RBI offline payments: Allowed! What it is? How it works? Benefits? MUST KNOW DETAILS

RBI offline payments: Allowed! What it is? How it works? Benefits? MUST KNOW DETAILS

Sun, Aug 09, 2020

The pilot scheme should be undertaken till March 31, 2021 only, the notification said, and added the RBI would decide on formalising such a system based on the experience gained under the pilot.'

Good News for IDBI Bank: Bank writes letter to RBI and out from PCA

Good News for IDBI Bank: Bank writes letter to RBI and out from PCA

Fri, Aug 07, 2020

The Reserve Bank of India may soon bring IDBI Bank out of the Prompt Corrective Action list. According to the Zee Business exclusive report, IDBI Bank has recently written a letter to RBI regarding this

Lost your job or had salary cut? This RBI decision can help you

Lost your job or had salary cut? This RBI decision can help you

Fri, Aug 07, 2020

Last few months have been tough for the salaried class. On one hand, there was the growing fear of COVID-19 pandemic and on the other, several companies were left with no choice but to implement salary cuts or let go of people.

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