Airtel Payments Bank increases day-end balance limit to Rs 2 lakh from Rs 1 lakh
The Bank deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) which is a wholly owned subsidiary of the RBI.
Apr 19, 2021, 13:10 PM IST
Mobile wallet accounts limit raised to Rs 2 lakh, know how your mobile wallet may soon turn into a bank
Henceforth, Payments Banks can hold a maximum balance of Rs 2 lakh per individual customers at the end of the day.
Apr 08, 2021, 12:20 PM IST
RBI hikes Payments Banks deposit limit per customer from Rs 1 lakh to Rs 2 lakh
Henceforth, Payments Banks can hold a maximum balance of Rs 2 lakh per individual customers at the end of the day.
Apr 07, 2021, 17:02 PM IST
Local lockdowns across the country, but RBI says no need for loan moratoriums at present
Amid an increase in localised lockdowns across the country, Reserve Bank Governor Shaktikanta Das on Wednesday said there is no need for a loan repayments moratorium at present, stating that businesses are better prepared to face the situation.
Apr 07, 2021, 16:38 PM IST
RBI Monetary Policy April 2021: No respite to home and auto loan borrowers; RBI keeps interest unchanged at 4%, maintains accommodative stance
This is the second monetary policy announcement after the presentation of the Union Budget 2021-22. The Reserve Bank's rate-setting Monetary Policy Committee (MPC) began its meeting on Sunday when the six-member MPC headed by RBI Governor Shaktikanta Das has started its deliberations.
Apr 07, 2021, 10:17 AM IST
RBI monetary policy April 2021: RBI expected to keep key interest steady
Economists had been expecting the RBI to start normalising policy or unwinding the large scale rupee liquidity in the banking system in the June or latest by September quarter but that is now expected to be delayed, many analysts said.
Apr 05, 2021, 12:27 PM IST
RBI Monetary Policy: Industry leaders say RBI's accommodative stance will aid economic growth
This is the first monetary policy announcement after the presentation of the Union Budget 2021-22. The Reserve Bank's rate-setting Monetary Policy Committee (MPC) began its meeting on Wednesday. The MPC kept the key benchmark rate unchanged in its last three reviews.
Feb 05, 2021, 16:37 PM IST
RBI Monetary Policy: No respite to home and auto loan borrowers; RBI keeps interest unchanged at 4%, maintains accommodative stance
This is the first monetary policy announcement after the presentation of the Union Budget 2021-22. The Reserve Bank's rate-setting Monetary Policy Committee (MPC) began its meeting on Wednesday. The six-member MPC headed by RBI Governor Shaktikanta Das has started its deliberations. After the three-day meeting, resolution of the MPC was announced today (February 5).
Feb 05, 2021, 10:11 AM IST
First RBI Monetary Policy after Union Budget 2021 today: Here's what to expect
Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. The inflation target has to be reviewed by end-March 2021.
The MPC kept the key benchmark rate unchanged in its last three reviews.
Feb 05, 2021, 08:24 AM IST
Stock markets ahead: Budget 2021, RBI policy major events to watch out for
The Economic Survey 2020-21 was tabled in the Lok Sabha on Friday.
The Survey projected that India's economy is likely to grow by 11 per cent in the fiscal year beginning April 1 as a vaccine drive and rebound in consumer demand help it emerge from the carnage inflicted by a strict coronavirus lockdown.
Jan 31, 2021, 10:37 AM IST
RBI keeps interest rate unchanged in its bi-Monthly Monetary policy December 2020: Here is how Industry leaders reacted
The benchmark repurchase (repo) rate has been left unchanged at 4 percent.
Dec 04, 2020, 17:15 PM IST
Markets at record high as RBI keeps rates unchanged; Sensex hits 45,000-mark for first time
Reserve Bank of India (RBI) Governor Shaktikanta Das said India`s prospects have brightened with progress on COVID-19 vaccines, consumer confidence has turned positive and projected real GDP for the current financial year to contract just 7.5%.
Dec 04, 2020, 11:32 AM IST
RBI Monetary Policy: No respite to home, auto loan borrowers; interest rate kept unchanged at 4%
The central bank announcing the outcome of its bi-monthly Monetary Policy rates on December 4 said that it has decided to keep the repo rate unchanged at 4 percent and the reverse repo rate at 3.35 percent.
Dec 04, 2020, 10:24 AM IST
RBI keeps interest rate unchanged in its bi-Monthly Monetary policy: Here is how Industry leaders reacted
The Reserve Bank of India on Friday kept the key policy rates unchanged in its bi-monthly Monetary Policy review.
Oct 09, 2020, 18:18 PM IST
India's GDP likely to contract 9.5% in FY'21, says RBI
RBI Governor Shaktikanta Da announcing the RBI Monetary Policy said growth is likely to pick up in the second half of the fiscal and enter into the positive zone in the January-March quarter.
Oct 09, 2020, 12:13 PM IST
RBI Monetary Policy: No respite to home, auto loan borrowers; RBI keeps interest rate unchanged at 4%
The three day RBI Monetary Policy Committee (MPC) meeting was held from October 7 to October 9.
Oct 09, 2020, 10:13 AM IST
RBI Monetary Policy to be announced on October 9
RBI had postponed the MPC meeting last week.
Oct 06, 2020, 13:18 PM IST
RBI maintains status quo in its Monetary Policy, leaves repo rate unchanged at 4%
This is the 24th meeting of the MPC.
Aug 06, 2020, 12:06 PM IST
RBI Monetary Policy to be announced today, may maintain status quo on lending rates
Although opinions are divided on the rate cut, experts believe loan restructuring is more essential at this juncture to combat the impact of COVID-19.
Aug 06, 2020, 09:24 AM IST
Credit card dues included in term loans on which banks can offer 3-month moratorium, clarifies RBI
On rescheduling of payments for term loans and working capital facilities, the RBI further said, "The accumulated accrued interest shall be recovered immediately after the completion of this period."
Mar 27, 2020, 18:21 PM IST