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Reserve Bank of India
RBI Governor announces new measures to ease financial distress amidst coronavirus lockdown
Quoting the IMF projection of 1.9% (GDP) growth, the RBI Governor said that India's growth would be the highest among the G20 countries
Coronavirus Outbreak: Banks start rolling out EMI moratorium scheme, know the details and impacts
If EMI moratorium is availed, total interest payable on the loan will go up, resulting in an increase in the number of EMIs to be paid
Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...
The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.
Enforcement Directorate arrests Yes Bank founder Rana Kapoor over money laundering charges
The founder of the crisis-hit YES Bank, Rana Kapoor, was arrested by the Enforcement Directorate (ED) on Sunday around 3 am in Mumbai.
Phone Pe and Paytm engage in Twitter banter after YES Bank moratorium affects the former
The Twitter confrontation with PayTM happened after PhonePe was forced to temporarily suspended its services
RBI publishes scheme of reconstruction draft for Yes Bank, State Bank of India to pick up 49% stack at ₹10 per share
After placing Yes Bank under moratorium, RBI has published the draft for scheme of reconstruction for the bank
RBI takes over management of Yes Bank and imposes restrictions on withdrawals: All you need to know about the latest crisis in banking sector
RBI imposes moratorium on Yes Bank for a month, caps withdrawals at ₹50,000 and suspends board
Tech-giant Google recognises success of India’s UPI, recommends US Federal Reserve to implement similar model
Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.
Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically
Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.
RBI relaxes withdrawal limit for PMC Bank account holders from Rs 1,000 to Rs 10,000 per account
The Reserve Bank of India had earlier enforced regulatory restrictions on the PMC bank limiting its customers from withdrawing not more than Rs 1000.
