Recently, the Reserve Bank of India (RBI) made it compulsory for debit and credit card holders to key in the Personal Identification Number (PIN) while making transactions at...
Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, RBI has been decided the following key rates: RR (Reverse Repo Rate)...
The Reserve Bank of India (RBI) raised the Cash Reserve Ratio (CRR) for non-scheduled Urban Co-operative Banks (UCBs) by 100 basis points from 3% to 4%. The step will bring nonscheduled...
As per RBI, India’s foreign exchange (Forex) reserves jumped by $15.5 billion in the Financial Year (FY) ended March 2014. The reserves stood at $303.67 billion. As per...
According to Reserve Bank of India (RBI), Non-Banking Financial Companies (NBFCs) to take its prior approval before buying shares of other NBFCs or for merger and acquisition with...
From 2015, performance ratings of Banks on customer services will be put in public domain by Banking Codes Standards Board of India (BCSBI). BCSBI is rating banks on...
Star trading houses — big importers and exporters has been permitted by the RBI to import gold under its existing 20:80 scheme. Thus far, the facility was available to...
Bharatiya Mahila Bank (BMB), India’s first all-women bank, has been included in the second schedule to the RBI Act 1934. With the inclusion in the second schedule or...
As per the directions of the Reserve Bank of India (RBI), all banks will be required to make all new ATMs installed from July 1, 2014 as “talking ATMs” with Braille...
