Tag: Bank
RBI’S real-time move: Glitches mar new cheque clearance system
Mumbai|Kolkata: The Reserve Bank of India’s new real-time cheque clearance system, aimed at improving efficiency, is facing glitches with some customers complaining about delays arising…
Reserve Bank of India rejigs portfolios of deputy governors
The Reserve Bank on Thursday rejigged portfolios of the four deputy governors and distributed its 32 departments among them. Shirish Chandra Murmu, who took charge…
RBI ready to do heavy lifting on loan risk weights
Mumbai: In a move aimed at encouraging disciplined credit behaviour and freeing up more capital for banks to lend, the Reserve Bank of India has…
ADB projects India growth at 6.5% for two fiscal years
New Delhi: The Asian Development Bank (ADB) on Tuesday projected India‘s economic growth at 6.5% each for this fiscal year and the next. The latest…
RBI launches scheme to reduce stock of unclaimed deposits by incentivising banks
The Reserve Bank on Tuesday announced a year-long incentive scheme for banks to reduce the volume of unclaimed deposits. Under the ‘Scheme for Facilitating Accelerated…
RBI tweaks rules for small business loans, loans against gold
The Reserve Bank of India (RBI) tweaked rules for small business loans, allowing the spread charged for the credit risk of a borrower to be…
Gold on a hot run, central banks and RBI go slow on buys as geopolitics also weighs
Mumbai: Central banks have slowed their gold purchasing, reflecting a cautious approach as they navigate geopolitical uncertainties and elevated bullion prices. However, the long-term trend…