RBI

The Reserve Bank of India (RBI) has decided to make the National Electronic Funds Transfer (NEFT) system available 24x 7 from December 16. "The system will be available on all days of the year, including holidays," RBI said in a…

Jajpur: A general manager of Reserve Bank of India (RBI) was found hanging in a hotel room at Chandikhol in Jajpur district on Friday morning. The deceased, Asish Ranjan Samal (52), was working as the GM of the RBI branch in Guwahati,…

After much protests and panic, the Reserve Bank of India (RBI) on Thursday decided to increase the withdrawl limit of depositors of Punjab and Maharshtra Co-operative (PMC) Bank to Rs 10,000 for the next six months. Earlier, RBI had capped…

RBI on Tuesday put a clamp down on Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) from withdrawing funds. "According to the directions, depositors will be allowed to withdraw a sum not exceeding ₹1,000 of the total balance…

New Delhi: Frauds in the banking system shot up by 74 per cent to Rs 71,543 crore in financial year 2018-19 compared with frauds worth Rs 41,167 crore in 2017-18, the Reserve Bank of India (RBI) said in its annual report on Thursday. The…

A day after Reserve Bank of India (RBI) said it would transfer Rs 1,76,051 crore to the government, Congress leader Rahul Gandhi lashed out at the ruling dispensation saying that "looting" the central bank would not help revive the economy.…

Bhubaneswar is the most affordable city for home buyers in India, while Mumbai remains the least affordable, according to a survey by the Reserve Bank of India. The RBI’s latest Quarterly Residential Asset Price Survey, which was released…

New Delhi: There has been a rise in instances of musclemen intimidating loan defaulters and confiscating valuables not only in cities like Bhubaneswar but elsewhere in the country. The Centre, however, on Monday told Parliament that…

The Reserve Bank of India (RBI) on Thursday removed bank charges on NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) transactions. "In order to provide an impetus to digital funds movement, it has been…