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Reserve Bank of India

Economy and Finance

RBI relaxes withdrawal limit for PMC Bank account holders from Rs 1,000 to Rs 10,000 per account

OpIndia Staff -
The Reserve Bank of India had earlier enforced regulatory restrictions on the PMC bank limiting its customers from withdrawing not more than Rs 1000.
News Reports

After RBI’s restrictions on PMC bank, customers file police complaint against bank officials

OpIndia Staff -
The Reserve Bank of India on Tuesday imposed restrictions on PMC Bank (Punjab and Maharashtra Cooperative Bank), a Mumbai based urban cooperative bank
Economy and Finance

RBI refutes rumours of closure of 9 commercial banks

OpIndia Staff -
RBI has issued a statement clarifying that the rumours of commercial banks closing down are false
Economy and Finance

RBI puts restrictions on Punjab and Maharashtra Cooperative Bank, account holders can’t withdraw more than Rs 1,000

OpIndia Staff -
Punjab and Maharashtra Cooperative Bank account holders can't withdraw more than ₹1000
News Reports

No, Rahul Gandhi, the govt is not ‘stealing RBI money’: Here are the facts

OpIndia Staff -
The RBI act, 1934, mandates the central bank to transfer surplus amount it profited to the centre
News Reports

RBI to transfer surplus of Rs 1.76 lakh crore to the government as per Bimal Jalan Committee recommendation

OpIndia Staff -
RBI found that it has more capital than required, and decided to transfer the excess amount to the government
News Reports

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis

OpIndia Staff -
Urjit Patel held dilatory tactics adopted by the regulator, government and the banks till 2014 responsible for the looming NPA crisis
Economy and Finance

RBI Deputy Governor Viral Acharya resigns, six months prior to scheduled end of term

OpIndia Staff -
Acharya reportedly had a difference of opinion with Reserve Bank Governor Shaktikanta Das over easing of interest rates to boost economic growth.
Economy and Finance

RBI cuts repo rates for third time in a year; alters policy stand to ‘accommodative’

OpIndia Staff -
The RBI has delivered a rate cut of 25 bps, making it three consecutive rate cuts in a year
Editor's picks

Union Minister Arun Jaitley tears into ‘Institutions are under attack’ narrative

OpIndia Staff -
Union Minister Arun Jaitley analyses the 'Institutions are under attack' argument and clears the air.
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