RBI announces 25 base point cut in repo rate
In its bi-monthly policy review, Reserve Bank of India has cut the repo rate by 25 base points. The new repo rate is now 6%.
In its bi-monthly policy review, Reserve Bank of India has cut the repo rate by 25 base points. The new repo rate is now 6%.
After pilot testing for almost one year, the RBI has approved NPCI to work as Bharat Bill Payment Central Unit (BBPCU) and operate the Bharat Bill Payment System (BBPS).
The inflation rate in June touched a new low of over a decade. It was registered as 1.54% against 2.18% registered in May this year.
Reserve Bank of India has announced zero or limited liability for fraudulent transactions to customers if reported within 3 days.
An image circulating on Social Media reveals the look of new ₹200 note. RBI has recently approved the printing of this new denomination.
India's re-monetisation exercise appears to be entering its final lap as printing of ₹200 has started and will hit the market soon.
India's third largest private sector bank, Axis bank is planning to raise ₹35000 crores in next one year to support its expansion globally.
After demonetization of high currency notes, the finance ministry has asked banks, post offices to submit the junked notes by July 20.
Lanco Infranet has been taken to a regulatory court by IDBI bank against non-payment of loans. It owes ₹17,000 crores to various banks.
RBI has announced the launch of new ₹500 note featuring the signature of the governor with the printing year 2017.