The government has reappointed Shaktikanta Das as the Reserve Bank of India's (RBI) governor for three more years. The re-appointment is effective from December 10, 2021, or until further orders, whichever is earlier. The decision was approved by the appointments committee of the cabinet ...

The Reserve Bank of India (RBI) approved the candidature of Baldev Prakash as Managing Director and Chief Executive Officer of Jammu and Kashmir Bank for a period of 3 years from the date of taking charge or April 10, 2022, whichever is earlier, the bank said, reported Kashmir Reader. The ...

The Reserve Bank of India has imposed a penalty of 1 crore on Paytm Payments Bank for violating provisions of Payment and Settlement Systems Act 2007 and ₹27.78 lakh on Western Union Financial Services for non-compliance with certain directions. The central ...

The Reserve Bank of India on October 18, 2021, slapped a fine of Rs 1 crore on State Bank of India NSE -0.50 % for failing to comply with fraud classification rules. The regulator said it had conducted a probe in accounts maintained with SBI and had found it deficient in reporting frauds. The ...

The Reserve Bank of India (RBI) issued a Small Finance Bank (SFB) licence to the consortium of Centrum Financial Services Limited (Centrum) and BharatPe.  “A new bank license has been issued after a gap of nearly 6 years, and we thank the RBI for the confidence shown in the abilities of ...

The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) on Friday kept the repo rate unchanged at 4 percent and the reverse repo rate at 3.35 percent, maintaining an accommodative stance on part of the central bank even as the economy is showing signs of recovery after the second ...

The Reserve Bank of India (RBI) on October 4 gave license to the ₹6,000 crore National Asset Reconstruction Company Ltd. (NARCL), a move that will help kickstart operations of the bad bank. The Reserve Bank of India (RBI) has approved the license of the National Asset Reconstruction ...

The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring. This means the bank will no longer face strict lending restrictions that were put in place by the RBI. RBI said ...

The Reserve Bank of India has permitted authorised card networks to offer card tokenisation services to any token requestor in a bid to make card transactions more safe, secure and convenient for the users. Daily Current Affairs Quiz 2021 In a notification issued, RBI said that it has ...

Reserve Bank of India had extended the scheme for encouraging the deployment of Point of Sale (PoS) infrastructure to street vendors which comes under the PM SVANidhi programme. Daily Current Affairs Quiz 2021 The Reserve Bank has now decided to include street vendors identified as part of ...