Repo rate unchanged; other key highlights of RBI policy

Repo rate unchanged; other key highlights of RBI policy

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.50% for the third time in a ro..

RBI says 88% of Rs 2,000 notes returned to banks

RBI says 88% of Rs 2,000 notes returned to banks

As much as 88% of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking s..

UCO Bank gets RBI nod to open eight more special vostro accounts for trade in rupee

UCO Bank gets RBI nod to open eight more special vostro accounts for trade in rupee

UCO Bank has opened four special rupee vostro accounts and has received permission from the Reserve ..

RBI seeks to give customers freedom to choose card network

RBI seeks to give customers freedom to choose card network

In order to give customers the freedom to choose, the Reserve Bank of India (RBI) has asked banks an..

76% of Rs 2,000 notes returned to banks: RBI

76% of Rs 2,000 notes returned to banks: RBI

The Reserve Bank of India (RBI) on Monday said 76% of the Rs 2,000 notes have returned to banks sinc..

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

The share of loans bearing over 9% interest rate rose to 56.1% in March 2023 from 31.4% a year ago, ..

Credit card bad debt doubles to 18% for state-run banks: RBI

Credit card bad debt doubles to 18% for state-run banks: RBI

Bad debt from credit cards in public sector banks has doubled to 18% at the end of FY2023, the Reser..

Banks’ bad loans fall to decadal low, may improve further: RBI

Banks’ bad loans fall to decadal low, may improve further: RBI

The bad loan ratio for Indian banks touched a ten-year low of 3.9% aBad loan ratio for Indian banks ..

Indian economy resilient amid global headwind: RBI Guv

Indian economy resilient amid global headwind: RBI Guv

The Indian economy has made a solid recovery and is among the fastest-growing large economies despit..

RBI allows Mahalaxmi Cooperative Bank to operate as NBFC, cancels banking licence

RBI allows Mahalaxmi Cooperative Bank to operate as NBFC, cancels banking licence

The Reserve Bank of India (RBI) has granted non-banking institution licence to Karnataka-based Mahal..

RBI fines Standard Chartered Bank, other entities

RBI fines Standard Chartered Bank, other entities

The Reserve Bank of India (RBI) has slapped penalties on Standard Chartered Bank-India, TransUnion C..

More than two-thirds of Rs 2,000 notes returned: RBI Governor

More than two-thirds of Rs 2,000 notes returned: RBI Governor

More than two-thirds of the Rs 2,000 currency notes have returned to the banking system a month afte..

UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

Unified Payments Interface (UPI) is expected to account for 90% of retail digital transactions volum..

RBI fines three banks

RBI fines three banks

The Reserve Bank of India (RBI) on Friday penalised three banks, including Axis Bank, Bank of Mahara..

Compromise settlement with wilful defaulters not new, says RBI

Compromise settlement with wilful defaulters not new, says RBI

The Reserve Bank of India (RBI) has clarified that a compromise settlement with wilful defaulters is..