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Reserve Bank of India

Economy and Finance

RBL Bank shares hit 52-week-low after RBI action: Here is what happened

OpIndia Staff -
The share price fell after a series of developments over the weekend where the Reserve Bank of India (RBI) sent a nominee to bank's board a day after the sudden departure of Vishwavir Ahuja as the bank's CEO.
News Reports

Govt to table bill on cryptocurrency, speculations over ban on ‘private cryptocurrencies’ cause dip in the market

OpIndia Staff -
GoI to introduce bill on cryptocurrency in winter session of the parliament.
OpIndia Explains

OpIndia Explains: The virtual world of cryptocurrency and the challenges it poses for Indian govt

Jinit Jain -
PM Modi on Saturday chaired a meeting on the way forward for managing the burgeoning cryptocurrency sector in the country
News Reports

Media houses spread fake news saying RBI is discontinuing old series of Rs.100, Rs.10 and Rs.5 notes from circulation

OpIndia Staff -
PIB said that RBI did not issue any order that says Rs.100, Rs.10 and Rs.5 notes will go out of circulation in March-April
News Reports

Finance ministry issues guidelines for interest waiver scheme during the lockdown period- Read details

OpIndia Staff -
The govt will pay the difference between simple and compound interest from March to August under compound interest waiver scheme
News Reports

BSP MLA Vinay Shankar Tiwari and wife booked by CBI in Rs 750 crore bank fraud case

OpIndia Staff -
Vinay Shankar Tiwari from BSP is the sitting MLA from Chillupar, Gorakhpur.
News Reports

Big relief by Modi govt for those who stopped paying EMIs during lockdown, no need to pay extra interest accumulated during this period

OpIndia Staff -
MSME, education, housing, vehicle, personal loans etc upto Rs 2 crore will attract only simple interest during the moratorium period
News Reports

Former RBI governor Urjit Patel blames UPA govt for banking mess, says RBI too fell short on several counts

OpIndia Staff -
The former RBI governor Urjit Patel in his yet-to-be-released book writes that several government banks did not have senior management in place, and governance suffered.
News Reports

Union government brings cooperative banks under RBI control through an ordinance

OpIndia Staff -
The cabinet on Wednesday passed an ordinance to extend the Reserve Bank of India's supervision over the cooperative banks
News Reports

India’s foreign exchange reserves see a significant surge, cross half-a-trillion USD mark for the first time

OpIndia Staff -
This is for the first time that India’s foreign exchange reserves have crossed the half-a-trillion US Dollar mark
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