Sunday, November 17, 2024

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Reserve Bank of India

Government and Policy

Tech-giant Google recognises success of India’s UPI, recommends US Federal Reserve to implement similar model

OpIndia Staff -
Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.
News Reports

Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically

OpIndia Staff -
Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.
Economy and Finance

RBI relaxes withdrawal limit for PMC Bank account holders from Rs 1,000 to Rs 10,000 per account

OpIndia Staff -
The Reserve Bank of India had earlier enforced regulatory restrictions on the PMC bank limiting its customers from withdrawing not more than Rs 1000.
News Reports

After RBI’s restrictions on PMC bank, customers file police complaint against bank officials

OpIndia Staff -
The Reserve Bank of India on Tuesday imposed restrictions on PMC Bank (Punjab and Maharashtra Cooperative Bank), a Mumbai based urban cooperative bank
Economy and Finance

RBI refutes rumours of closure of 9 commercial banks

OpIndia Staff -
RBI has issued a statement clarifying that the rumours of commercial banks closing down are false
Economy and Finance

RBI puts restrictions on Punjab and Maharashtra Cooperative Bank, account holders can’t withdraw more than Rs 1,000

OpIndia Staff -
Punjab and Maharashtra Cooperative Bank account holders can't withdraw more than ₹1000
News Reports

No, Rahul Gandhi, the govt is not ‘stealing RBI money’: Here are the facts

OpIndia Staff -
The RBI act, 1934, mandates the central bank to transfer surplus amount it profited to the centre
News Reports

RBI to transfer surplus of Rs 1.76 lakh crore to the government as per Bimal Jalan Committee recommendation

OpIndia Staff -
RBI found that it has more capital than required, and decided to transfer the excess amount to the government
News Reports

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis

OpIndia Staff -
Urjit Patel held dilatory tactics adopted by the regulator, government and the banks till 2014 responsible for the looming NPA crisis
Economy and Finance

RBI Deputy Governor Viral Acharya resigns, six months prior to scheduled end of term

OpIndia Staff -
Acharya reportedly had a difference of opinion with Reserve Bank Governor Shaktikanta Das over easing of interest rates to boost economic growth.
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