RBI

The Reserve Bank of India (RBI) on Tuesday came out with draft norms on declaration of dividend by banks and remittance of profits to head office by foreign bank branches in India. The RBI circular explains the detailed…

The Reserve Bank of India (RBI) said on Monday that the total value of ₹2,000 banknotes declined to ₹9,330 crore at the close of business on December 29. Thus, 97.38 per cent of ₹2000 banknotes have now been returned. The total…

The Finance Ministry on Monday announced the sale of Government bonds valued at Rs 34,000 crore through an auction to be conducted by the Reserve Bank of India (RBI) on Friday, January 5. The first set will be "7.32 per cent…

The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.…

The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to 9.95 per cent…

Kotak Mahindra Bank said on Wednesday that the RBI has approved the appointment of C.S. Rajan, Independent Director of the bank, as the Part-time Chairman, for a period of two years with effect from January 1, 2024. Rajan was…

The Reserve Bank of India (RBI) has come out with a set of new draft norms aimed to simplify and rationalise the authorisation of money changers for facilitating foreign exchange-related services. The review of the extant…

The RBI has issued a circular to all banks for introducing the Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing accounts…

Consumer confidence in the country for the current period remained stable as higher pessimism on the current general economic situation and employment was counterbalanced by a positive turnaround in sentiment on current income, according to…

A larger share of households in the country expect higher inflation for both three months and one year periods going ahead, according to the Reserve Bank of India’s (RBI) bi-monthly survey on inflation expectations released on Monday.…