RBI cancels Rs 14k crore worth G-sec auction
MUMBAI: The RBI on Friday called off government securities (G-secs) auction worth Rs 14,000 crore for the benchmark 10-year bonds …
RBI
SBI, private banks seen to be in race for Citi’s card business
Mumbai: Citis decision to quit the Indian market has thrown up an opportunity for domestic private banks that are looking …
Sachin Bansal's company, 7 others apply for bank licences
MUMBAI: Sachin Bansals Chaitanya India Finance, former Citibanker Pankaj Vaish and Akhil Kumar Gupta are among the applicants for a …
RBI receives 8 applications for setting up banks under 'on tap' licensing
MUMBAI: The Reserve Bank on Thursday said it has received four applications each under the guidelines for ‘on tap’ licensing …
Remain watchful of evolving situation, push credit flows: RBI governor to banks
MUMBAI: RBI governor Shaktikanta Das on Monday asked banks to remain watchful of the evolving situation and emphasised the importance …
RTGS service won't be available for 14 hours: RBI
NEW DELHI: The Reserve Bank of India (RBI) on Monday said that RTGS (real-time gross settlement) money transfer service will …
G-secs worth Rs 11k cr remain unsold in 1st auction of FY22
TNN Mumbai: Government securities (G-secs) worth nearly Rs 11,000 crore remained unsold in the first gilt auction of fiscal 2022. …
Payments banks can now hold max balance of Rs 2 lakh/customer
MUMBAI: The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to …
RBI makes prepaid instruments on a par with bank a/cs
MUMBAI: The RBI has extended payments system access to KYC-compliant prepaid instrument issuers and standalone credit card companies and brought …
Lenders told to refund interest on interest
MUMBAI: The RBI has asked all lenders to compensate borrowers with interest on interest charged between March 1, 2020 and …