<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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