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Bank holidays in November 2021: Banks to remain closed for 17 days. Details here

Of these, 11 leaves are for festivals, there are four Sundays and a second and fourth Saturday.
Banks observe holidays as per a list released by the RBI (File Photo/Used only for representation)
Banks observe holidays as per a list released by the RBI (File Photo/Used only for representation)
Published on Oct 26, 2021 03:04 PM IST
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By hindustantimes.com, New Delhi

Forex reserves rise by $2.039 billion to reach $639.516 billion

In the previous week ended October 1, the forex reserves had dipped by $1.169 billion to $637.477 billion.
FCA rose by USD 1.55 billion to USD 577.001 billion in the reporting week, as per the data.(Reuters | Representational image)
FCA rose by USD 1.55 billion to USD 577.001 billion in the reporting week, as per the data.(Reuters | Representational image)
Published on Oct 15, 2021 07:58 PM IST
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PTI | , Mumbai

RBI supersedes boards of Srei firms

Rajneesh Sharma has been named as the administrator of the 2 Srei group lenders.
In November 2020, RBI conducted a special audit of Srei Group, which brought out certain related-party transactions and under-provisioning.(Reuters)
In November 2020, RBI conducted a special audit of Srei Group, which brought out certain related-party transactions and under-provisioning.(Reuters)
Published on Oct 05, 2021 07:18 AM IST
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Livemint | By Gopika Gopakumar, Mumbai

From LPG price to new excise policy, check major changes from Oct 1 

  • As we step into the next month, it's crucial to be aware of all these changes that surely will affect us in our day-to-day life.
LPG prices are revised every month. Customers can expect another hike in their cooking gas cylinders from October 1. (Representational, File Image)(PTI)
LPG prices are revised every month. Customers can expect another hike in their cooking gas cylinders from October 1. (Representational, File Image)(PTI)
Published on Sep 30, 2021 10:54 AM IST
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Written by Shubhangi Gupta | Edited by Amit Chaturvedi

G-SAP 2.0: RBI to conduct purchase, sale of government securities today

The RBI said in an official statement that it will on Thursday purchase three government securities of different maturity dates amounting to 15,000 crore. The central bank added that it will also sell three government securities of the same amount on this day.
Reserve Bank of India (RBI) will conduct the simultaneous purchase and sale of G-Sec under the G-SAP 2.0 programme on Thursday, September 23. (File Photo / REUTERS)
Reserve Bank of India (RBI) will conduct the simultaneous purchase and sale of G-Sec under the G-SAP 2.0 programme on Thursday, September 23. (File Photo / REUTERS)
Published on Sep 23, 2021 06:51 AM IST
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Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

‘Stay alert’: RBI cautions people to be careful in sharing info for KYC updation

On Monday, the RBI issued a release in which the bank said that it has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation.
The RBI keeps informing people about bank frauds and how criminals try to extract information from them.(Bloomberg File Photo)
The RBI keeps informing people about bank frauds and how criminals try to extract information from them.(Bloomberg File Photo)
Published on Sep 15, 2021 10:55 AM IST
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By hindustantimes.com, Hindustan Times, New Delhi

Account aggregator: Know all about India's financial data-sharing system

  • An Account Aggregator (AA) is an RBI regulated entity, which helps an individual securely and digitally access and share information from one financial institution they have an account with any other regulated financial institution in the AA network.
Account Aggregator replaces the long terms and conditions form of ‘blank cheque’ acceptance with a granular, step by step permission and control for each use of the customer data.(File)
Account Aggregator replaces the long terms and conditions form of ‘blank cheque’ acceptance with a granular, step by step permission and control for each use of the customer data.(File)
Published on Sep 10, 2021 12:25 PM IST
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Written by Susmita Pakrasi | Edited by Meenakshi Ray, Hindustan Times, New Delhi

Banks to remain closed for 4 days in these cities. Check details

People who live in these cities will have to plan or postpone their bank work for next week in the wake of four-day long holidays. Apart from these holidays, September 25 will be the fourth Saturday and 19 and 26 will fall on Sunday.
Out of total 12 holidays in September, this is the longest stretch when banks will be closed for four days.(Representative Photo/HT)
Out of total 12 holidays in September, this is the longest stretch when banks will be closed for four days.(Representative Photo/HT)
Published on Sep 09, 2021 08:32 AM IST
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By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

Banks to remain closed for 5 days this week. Check details here

Bank Holiday September 2021: In remaining days of the month, Karma Puja will be marked on September 17, leading to bank closure in Ranchi. Indrajatra will be celebrated in Gangtok on September 20, and Sree Narayana Guru Samadhi Day in Kochi and Thiruvananthapuram.
The banks will remain closed for 12 days in the month of September.(Representative Photo/Sameer Sehgal/HT)
The banks will remain closed for 12 days in the month of September.(Representative Photo/Sameer Sehgal/HT)
Published on Sep 06, 2021 11:37 AM IST
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By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

Taking loan, getting insurance now easier with RBI's account aggregator

  • RBI's deputy governor M Rajeshwar Rao said last week that the account aggregator ecosystem in the nation is in a nascent stage and there is a need for its orderly growth.
The RBI has prepared stringent data privacy guidelines for the account aggregator.(Aniruddha Chowdhury/Mint File Photo))
The RBI has prepared stringent data privacy guidelines for the account aggregator.(Aniruddha Chowdhury/Mint File Photo))
Published on Sep 06, 2021 08:59 AM IST
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Written by Susmita Pakrasi | Edited by Meenakshi Ray, Hindustan Times, New Delhi

OTTs wary as RBI auto-debit rules may hit business

  • The pandemic has already stressed people’s finances and now a more onerous customer experience may make them forgo their entertainment expenses.
Typically, OTT services’ monthly plans are cheap but the platforms are still anxious as all automatic payments will require customer approvals when an alert is generated.(Aniruddha Chowdhury/Mint File Photo))
Typically, OTT services’ monthly plans are cheap but the platforms are still anxious as all automatic payments will require customer approvals when an alert is generated.(Aniruddha Chowdhury/Mint File Photo))
Published on Aug 31, 2021 05:21 AM IST
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By Lata Jha, Hindustan Times, New Delhi

Banks to stay shut till the end of the month starting today. Check full list

  • Banks will remain closed in a total of 15 cities across India, including Ahmedabad, Chandigarh, Lucknow and Patna, among others, on Monday on the occasion of Janmashtami or Krishna Jayanthi.
The Reserve Bank of India (RBI) had issued a list of holidays for this month, and now only four days constituting those holidays are left.
The Reserve Bank of India (RBI) had issued a list of holidays for this month, and now only four days constituting those holidays are left.
Published on Aug 28, 2021 05:39 PM IST
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Written by Sharangee Dutta | Edited by Poulomi Ghosh, Hindustan Times, New Delhi

Easy money policy needs a hard look: MPC member

  • According to Varma, inflationary pressures are beginning to show signs of greater persistence than anticipated earlier, and inflationary expectations may be becoming more entrenched.
Shaktikanta Das said managing the economy and the financial markets since the beginning of the pandemic has thrown up challenges, and policies thus have to be carefully nuanced.
Shaktikanta Das said managing the economy and the financial markets since the beginning of the pandemic has thrown up challenges, and policies thus have to be carefully nuanced.
Published on Aug 20, 2021 11:36 PM IST
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By Shayan Ghosh, Hindustan Times, Mumbai

HDFC Bank shares gain after RBI eases curbs on new credit cards

HDFC, in a regulatory filing on Wednesday, confirmed that the RBI has relaxed the restriction placed on the lender on sourcing new credit cards. The ban was imposed over certain incidents of outages in internet banking, mobile banking, and payment utilities over the past two years.
The headquarters of India's HDFC bank is pictured in Mumbai. (Shailesh Andrade / REUTERS)
The headquarters of India's HDFC bank is pictured in Mumbai. (Shailesh Andrade / REUTERS)
Published on Aug 18, 2021 11:16 AM IST
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Written by Joydeep Bose, Hindustan Times, New Delhi

Consumer confidence remains weak in July

Despite a significant reduction in Covid-19 infections, the current situation index (CSI) of CCS was at 48.6 in the July round, almost the same as the all-time low of 48.5 in the May 2021 round.
The latest CCS findings—it was conducted between June 28 to July 9—show that the second wave of Covid-19 has done far more damage to consumer confidence than what the first lockdown and the first wave did.(ANI)
The latest CCS findings—it was conducted between June 28 to July 9—show that the second wave of Covid-19 has done far more damage to consumer confidence than what the first lockdown and the first wave did.(ANI)
Published on Aug 07, 2021 01:27 AM IST
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By Roshan Kishore, Hindustan Times, New Delhi

RBI keeps key repo rate unchanged at 4%

  • RBI Monetary Policy: Das further said that Consumer Price Index (CPI) inflation is seen at 5.7 per cent in 2020-21 and it will fall to 5.1 per cent in April-June 2022.
The announcement came after a three-day meeting of its Monetary Policy Committee (MPC).(PTI Photo)
The announcement came after a three-day meeting of its Monetary Policy Committee (MPC).(PTI Photo)
Updated on Aug 06, 2021 10:32 AM IST
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Written by Susmita Pakrasi | Edited by Meenakshi Ray, Hindustan Times, New Delhi

RBI to announce its bi-monthly monetary policy review today

  • A recent RBI article said that the central bank has been mandated by the government to keep Consumer Price Index (CPI) based inflation at 4 per cent with a margin of 2 per cent on either side.
RBI governor Shaktikanta Das-led Monetary Policy Committee's (MPC) review meeting started on Wednesday.(Reuters)
RBI governor Shaktikanta Das-led Monetary Policy Committee's (MPC) review meeting started on Wednesday.(Reuters)
Published on Aug 06, 2021 06:33 AM IST
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Written by Susmita Pakrasi | Edited by Meenakshi Ray

RBI JE result 2021: Marks of online exam held on March 8 released at rbi.org.in

  • RBI JE marks 2021: Reserve Bank of India has released the marks of candidates who had appeared in the online examination for Junior Engineer (JE) posts held on March 8, 2021.
RBI JE marks 2021: The examination was held for recruitment to the post of Junior Engineer (Civil/Electrical) – Panel Year 2019.(rbi.org.in)
RBI JE marks 2021: The examination was held for recruitment to the post of Junior Engineer (Civil/Electrical) – Panel Year 2019.(rbi.org.in)
Published on Aug 05, 2021 06:41 PM IST
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RBI to begin three-day monetary policy meet today to decide on key rates

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is scheduled to announce its bi-monthly policy review on August 6 at the end of the three-day meeting held from August 4 to August 6.
A Reserve Bank of India (RBI) logo is seen at the entrance gate of its headquarters in Mumbai. (File Photo / REUTERS)
A Reserve Bank of India (RBI) logo is seen at the entrance gate of its headquarters in Mumbai. (File Photo / REUTERS)
Published on Aug 04, 2021 06:39 AM IST
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Written by Joydeep Bose, Hindustan Times, New Delhi

RBI revises personal loan limit for bank directors to 5 crore from 25 lakh

RBI said loans may be sanctioned by the appropriate authority in the financing bank under powers vested in such authority but the matter should be reported to the board.
RBI said this will apply to all scheduled commercial banks, except regional rural banks (RRBs), small finance banks and all local area banks. (File Photo)
RBI said this will apply to all scheduled commercial banks, except regional rural banks (RRBs), small finance banks and all local area banks. (File Photo)
Published on Jul 24, 2021 06:33 AM IST
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Written by Meenakshi Ray

Banks will be closed in these cities for the next 5 days. Check the list here

Banks were closed in Uttarakhand’s capital Dehradun on Friday (July 16) on the occasion of Harela Puja.
Banks will be closed nationwide, barring a few cities, on July 21 on the occasion of Eid-al-Adha.
Banks will be closed nationwide, barring a few cities, on July 21 on the occasion of Eid-al-Adha.
Published on Jul 17, 2021 09:15 AM IST
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By hindustantimes.com | Written by Sharangee Dutta | Edited by Meenakshi Ray, New Delhi

Financial inclusion will continue to be a policy priority: Das

  • RBI chief said that greater focus is now being given to addressing the weaker sections of the economy
Das also said that greater focus is now being given to addressing the vulnerable segments of the economy and population.(REUTERS)
Das also said that greater focus is now being given to addressing the vulnerable segments of the economy and population.(REUTERS)
Published on Jul 16, 2021 01:44 AM IST
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By Gopika Gopakumar, Livemint, New Delhi

Mastercard barred from adding clients

  • The multinational card network will not be allowed to on-board new credit, debit or prepaid card customers in India beginning July 22, an RBI press release said, adding the order will not affect existing Mastercard customers.
Mastercard will not be allowed to on-board customers in India from July 22.(AP File Photo)
Mastercard will not be allowed to on-board customers in India from July 22.(AP File Photo)
Published on Jul 14, 2021 11:39 PM IST
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By Gopika Gopakumar, Mumbai

NARCL is listed with 74.6 crore paid-up capital

  • Touted as a one-stop solution to India’s burgeoning bad loan menace, NARCL was set up on 7 July with an authorized capital of 100 crore and has been classified as a “Union government company”, the RoC filings showed.
The management is readying documents to seek an ARC licence from RBI.(REUTERS)
The management is readying documents to seek an ARC licence from RBI.(REUTERS)
Published on Jul 12, 2021 11:51 PM IST
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By Shayan Ghosh, Mumbai

RBI to conduct 20,000 crore bond purchase under G-SAP today

With the bond-buying plan, the RBI plans to keep a lid on long-term interest rates amid a massive government borrowing programme.
The first such auction of <span class='webrupee'>₹</span>25,000 crore was carried out by the RBI on April 15 this year.(Aniruddha Chowdhury/Mint File Photo))
The first such auction of 25,000 crore was carried out by the RBI on April 15 this year.(Aniruddha Chowdhury/Mint File Photo))
Published on Jul 08, 2021 07:09 AM IST
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By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

RBI spells out rules for NBFCs to pay dividends

The regulator said the conditions are specific to different categories of NBFCs, which will have to meet minimum capital adequacy ratios, net non-performing asset (NPA) ratios, and a few other criteria to be able to declare dividend to shareholders.
The RBI said a non-bank financier must report a net NPA ratio of less than 6% in each of the last three years, including as at the close of the financial year for which dividend is proposed.(Mint)
The RBI said a non-bank financier must report a net NPA ratio of less than 6% in each of the last three years, including as at the close of the financial year for which dividend is proposed.(Mint)
Published on Jun 25, 2021 06:03 AM IST
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By Shayan Ghosh, Mumbai

SBI report suggests Reserve Bank likely to keep rates unchanged in August

  • The research report by SBI said that inflation may remain elevated in the coming months owing to various global and domestic factors.
The next monetary policy committee (MPC) meeting is scheduled for August 4 to 6.(Mint Archives)
The next monetary policy committee (MPC) meeting is scheduled for August 4 to 6.(Mint Archives)
Published on Jun 16, 2021 04:03 PM IST
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By hindustantimes.com | Written by Deepali Sharma | Edited by Avik Roy, Hindustan Times, New Delhi

RBI increases ATM interchange fee from 15 to 17

On non-financial transactions, the fee was increased from 5 to 6. This revised rate will come into effect from August 1, 2021.
An interchange fee of <span class='webrupee'>₹</span>17 will be charged on automated teller machine (ATM) transactions from August 1 onward.(Mint Archives)
An interchange fee of 17 will be charged on automated teller machine (ATM) transactions from August 1 onward.(Mint Archives)
Published on Jun 10, 2021 11:07 PM IST
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Written by Prashasti Singh, New Delhi, Hindustan Times

Interest rates, inflation, GDP growth: RBI Governor on Covid 2nd wave & economy

RBI Governor Shaktikanta Das said that Covid 2nd wave hit economy less than 1st wave (Agencies)
RBI Governor Shaktikanta Das said that Covid 2nd wave hit economy less than 1st wave (Agencies)
Published on Jun 04, 2021 02:45 PM IST
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RBI announces additional measures to mitigate impact of second Covid-19 wave

The measures were listed by RBI governor Shaktikanta Das on Friday as part of his announcement on the central bank’s monetary policy.
Reserve Bank of India (RBI)
Reserve Bank of India (RBI)
Published on Jun 04, 2021 12:27 PM IST
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By hindustantimes.com | Written by Karan Manral, New Delhi
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Wednesday, October 27, 2021