<p>The Reserve Bank of India on Thursday imposed several restrictions on HDFC Bank’s digital business, in the wake of several outages in internet and mobile banking operations at the country’s largest private bank in the last two years. The central bank order temporarily restricts the bank from all launches of the digital business, including issuing […]</p>
<p>Reserve Bank of India governor Shaktikanta Das, on Sunday, said that he has tested positive for COVID-19, adding that he was asymptomatic. Taking to Twitter, Das wrote, “I have tested COVID-19 positive. Asymptomatic.Feeling very much alright.Have alerted those who came in contact in recent days.Will continue to work from isolation. “Work in RBI will go […]</p>
<p>States have been given two borrowing options to meet shortfall of GST compensation. After chairing the 41st GST Council meet yesterday, Finance Minister Nirmala Sitaraman said, the two options were placed before states so that each state does not have to struggle for loans. Ms Sitharaman said, this year’s entire GST compensation gap of two […]</p>
<p>When someone withdraw money from your account without your knowledge then one call to the RBI within 24 hours can save your valuable money. One such case comes to light in Vadodara where a victim get back his hard earned money with the help of Jagrut Nagrik a consumer protection forum. Nowadays lots of banking […]</p>
<p>The Union Cabinet on Wednesday decided to bring all cooperative banks under the Reserve Bank of India through an ordinance. Union Information and Broadcasting Minister Prakash Javadekar addressed the media briefing on Cabinet decision from his residence, saying “this is the new normal”. The union minister said during the virtual press meet after the meeting […]</p>
<p>The RBI cuts repo rate by 75 basis points from 5.15%to 4.4 %on Friday. The RBI monetary policy committtee, scheduled to meet by the end of the month, deferred the meeting to March 25, 26 and 27 in view of the coronavirus outbreak. The rate cut was voted by 4:2 majority in the six-member MPC […]</p>
<p>Reserve Bank of India, RBI has launched a mobile app, MANI, Mobile Aided Note Identifier, to help visually challenged people to identify denomination of currency notes. The app, which is available both on Android and IOS operating systems, was launched by RBI Governor Shaktikanta Das in Mumbai yesterday. RBI said that the visually challenged can […]</p>
<p>The Reserve Bank of India on Thursday kept the key policy rate unchanged at 5.15% and decided to continue with its accommodative stance to support the economy. The central bank also revised GDP growth downwards to 5% for 2019-20 from 6.1% projected in its October policy. The panel decided to continue with the accommodative stance […]</p>
<p>Bank of Baroda on Tuesday said the RBI has imposed Rs 2.50 crore fine for non-acceptance of directions issued to it with regard to Bihar-based NGO Srijan Mahila Vikas Sahyog Samiti Ltd. “The Reserve Bank of India in exercise of powers that consults under the Banking Regulation Act, 1949, has imposed a penalty aggregating to […]</p>
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