Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : RBI

RBI to implement Pan-India cheque truncation system by Sep
Posted Date : 07-Feb-2020 , 09:48:46 am | Posted By CASANSAAR

In a bid to accelerate clearance of cheques, the Reserve Bank of India (RBI) on Thursday said it has decided to implement a cheque truncation system (CTS) across the country by September this year.  RBI introduced this system in 2010. At present, it is operational in some major cities. "...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 305

RBI keeps repo rate, reverse repo rate unchanged
Posted Date : 06-Feb-2020 , 08:54:38 pm | Posted By CASANSAAR

RBI Governor Shaktikanta Das today said that the Monetary Policy Committee’s decision to maintain status quo on policy rates for the second time in a row, must not be viewed as a pointer for future action. Addressing the post-policy press conference in Mumbai today, Mr. Das said even though...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 155

Cabinet approves amendment to bring cooperative banks under RBI
Posted Date : 06-Feb-2020 , 10:03:15 am | Posted By CASANSAAR

The Union Cabinet on Wednesday approved amendments to the Banking Regulation Act to bring cooperative banks under the regulatory mechanism of Reserve Bank of India. The government has taken this move in the wake of the Punjab and Maharashtra Co-operative (PMC) Bank crisis. The move will ensure gr...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 338

RBI imposes Rs 1 Cr penalty on HDFC Bank
Posted Date : 29-Jan-2020 , 10:51:37 pm | Posted By CASANSAAR

The Reserve Bank of India has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance with Know Your Customer (KYC) norms, the central bank said on Wednesday. The RBI in a release said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had “failed to exerc...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 356

RBI raises short-term investment limit of FPIs to 30% from 20% of portfolio
Posted Date : 24-Jan-2020 , 10:42:39 am | Posted By CASANSAAR

With foreign investors dumping Indian debt but keeping up their investment in equities, the Reserve Bank of India (RBI) on Thursday increased the short-term investment limit of such investors. It doubled the limit in case they voluntarily disclose their investment plan before hand. In two separat...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 396

RBI issues new debit and credit card rules to improve convenience and security
Posted Date : 15-Jan-2020 , 10:41:54 pm | Posted By CASANSAAR

As over the years, the volume and value of transactions made through cards have increased manifold, the Reserve Bank of India on Wednesday issued new rules for credit and debit cards to improve user convenience and increase the security of card transactions. RBI asks banks to allow only domestic ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1215

RBI amends KYC norms, allows banks to use V-CIP
Posted Date : 11-Jan-2020 , 07:32:56 pm | Posted By CASANSAAR

The RBI has amended the KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers remotely. The V-CIP, which will be consent-based, will make it easier for banks and other regulate...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 246

RBI extends recurring payments feature to UPI
Posted Date : 11-Jan-2020 , 12:00:26 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) will now allow consumers to give an e-mandate for recurring payments made through Unified Payments Interface (UPI), a move that is expected to ease small digital payments made at grocery shops and local stores. This functionality will allow UPI users to bypass addi...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 507

RBI releases national strategy for financial inclusion
Posted Date : 11-Jan-2020 , 11:54:15 am | Posted By CASANSAAR

Wider acceptance and adoption of digital payments will play a key role towards financial inclusion, according to the Reserve Bank of India’s (RBI’s) recommendation for sustainable financial inclusion during 2019-20. Along with traditional banking outlets, payments banks, small finance...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 165

RBI amends KYC norms, allows banks to use V-CIP
Posted Date : 10-Jan-2020 , 10:21:28 am | Posted By CASANSAAR

The RBI has amended the KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers remotely. The V-CIP, which will be consent-based, will make it easier for banks and other regulate...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 473

RBI allows 24x7 forex market operations via select banks
Posted Date : 08-Jan-2020 , 10:19:21 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) on Monday said select banks in India can offer forex rates to Indian clients beyond the inter-bank market hours, which now run from 9 am to 5 pm. In effect, this opens up the forex market in India round the clock, allowing Indians to hedge their foreign exchange risks...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 406

RBI announces special OMO of Rs 10,000 Cr on Jan 6
Posted Date : 03-Jan-2020 , 08:55:33 am | Posted By CASANSAAR

The Reserve Bank on Monday will carry a special simultaneous open market operation to buy and sell government bonds of Rs 10,000 crore each. "On a review of the current liquidity and market situation and an assessment of the evolving financial conditions, the Reserve Bank has decided to cond...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 244

RBI extends NBFC securitization relaxations till 30 June
Posted Date : 01-Jan-2020 , 07:55:40 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) has extended, for another six months, existing relaxations for securitization of assets by non-banking financial companies (NBFCs). The move is expected to provide NBFCs with some more breathing space to repair their broken balance-sheets by selling assets and improvi...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 375

Cooperative banks will need RBI approval for CEO appointment
Posted Date : 01-Jan-2020 , 11:33:44 am | Posted By CASANSAAR

In an attempt to strengthen its supervisory control over the Urban co-operative banks (UCBs) the Reserve Bank on Friday said that UCBs with deposit base over Rs 100 crore will require prior approval of RBI for appointment of their CEOs. After capping lending to a single borrower and raising the p...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 800

RBI blasts credit rating agencies for allowing rating shopping to large borrowers
Posted Date : 30-Dec-2019 , 09:05:50 am | Posted By CASANSAAR

After getting it badly from markets watchdog Sebi, credit rating agencies (CRAs) whose role in the bad loan implosion has been under scrutiny for years now, the Reserve Bank has blasted them for allowing low-rated companies to do "rating shopping". It can be noted that rating agencies h...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 463

Close to half of claims under IBC were settled in FY19 - RBI
Posted Date : 30-Dec-2019 , 08:59:47 am | Posted By CASANSAAR

Around half of the claims under the Insolvency and Bankruptcy Code (IBC) were settled in 2018-19, the latest RBI report showed, helping banks recover stressed assets more quickly. As a percentage of claims, banks recovered on average 42.5% of the amount filed through the IBC in the financial year...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 233

SBI to launch OTP-based ATM cash withdrawal from Jan 1
Posted Date : 28-Dec-2019 , 10:39:41 am | Posted By CASANSAAR

From January, SBI customers will be able to make ATM withdrawal above Rs 10,000 only after an OTP verification during 8 PM to 8 AM. The OTP-validated ATM transaction has been introduced to minimise the number of unauthorised transactions, State Bank of India (SBI) said in a Facebook post on Thursday...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 336

RBI directs large co-op banks to report exposures above Rs 5 Cr
Posted Date : 28-Dec-2019 , 09:39:47 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has directed large cooperative banks to report all exposures of 5 crore rupees and more to the Central Repository of Information on Large Credits (CRILC). The move is aimed at early detection of financial distress. The Reserve Bank has created a CRILC of commercial...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 436

RBI introduces new Prepaid Payment Instrument for your daily grocery payments
Posted Date : 25-Dec-2019 , 08:42:38 am | Posted By CASANSAAR

The Reserve Bank of India has given Indian consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily household goods and services. In a bid to give increased impetus to small ticket digital payments RBI on Tuesday has introduced a new Prepaid ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 886

Reserve Bank of India releases Annual Report of Ombudsman Schemes
Posted Date : 19-Dec-2019 , 09:12:19 am | Posted By CASANSAAR

he Reserve Bank of India (RBI) released the Annual Report of the “Ombudsman Schemes of RBI for the year 2018-19” today. A. Banking Ombudsman Scheme The Banking Ombudsman Scheme (BOS) was notified by RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. During...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 373

11.4 lakh transactions settled in 8 hours after RBI operationalises NEFT 24X7
Posted Date : 17-Dec-2019 , 09:37:06 am | Posted By CASANSAAR

The Reserve Bank has informed that about 11.4 lakh transactions were settled in the first eight hours after the round the clock operation of National Electronic Funds Transfer - NEFT system came into force from 12:00 am today. The RBI said, making NEFT available 24x7 is part of its vision of empower...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 251

NEFT to be available 24x7 from Dec 16 - RBI
Posted Date : 07-Dec-2019 , 08:06:51 am | Posted By CASANSAAR

The Reserve Bank of India (RBI), on Friday, said the National Electronic Funds Transfer (NEFT) facility should be made available by member banks participating in the payment system from December 16 on all days of the year, including holidays. NEFT is a nation-wide payment system facilitating one-...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 323

RBI mulling to amend regulatory guidelines for UCBs
Posted Date : 06-Dec-2019 , 10:06:42 am | Posted By CASANSAAR

The Reserve Bank of India today said that it is mulling to amend regulatory guidelines for primary Urban Co-operative Banks - UCBs. Speaking to reporters in Mumbai today, RBI Governor Shaktikanta Das said, the guidelines would primarily relate to exposure norms for single and group/interconnected...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 370

RBI-owned subsidiary Only up to Rs 1 lakh, not all money, insured in banks
Posted Date : 03-Dec-2019 , 05:12:19 pm | Posted By CASANSAAR

Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India. This covers savings, fixed, ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 365

Vijaya Bank, Dena bank removed from second schedule of RBI Act
Posted Date : 29-Nov-2019 , 08:34:22 am | Posted By CASANSAAR

The Reserve Bank of India on November 28 said it has excluded Vijaya Bank and Dena Bank from the second schedule of the RBI Act, with effect from April 1, 2019. "Vijaya Bank and Dena Bank have been excluded from the second schedule to the Reserve Bank of India Act, 1934 with effect from Apri...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1031

RBI mulling new rules on corporate governance; wants banks to disclose more
Posted Date : 23-Nov-2019 , 10:31:39 am | Posted By CASANSAAR

The Reserve Bank is looking at introducing new rules on corporate governance for banks in sync with global ones, and would also like lenders to disclose more, Deputy Governor N S Vishwanathan said on Friday. Vishwanathan also urged banks to recognise losses because of NPAs as early as possible an...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 630

RBI enhances scope of non-resident rupee accounts
Posted Date : 23-Nov-2019 , 10:28:08 am | Posted By CASANSAAR

To popularise cross-border transactions in Indian rupee, the Reserve Bank has enhanced the scope of 'Special Non-resident Rupee' (SNRR) by allowing persons residing outside India to open such accounts for purposes like external commercial borrowing and trade credit in INR. The RBI, in a n...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 526

RBI finally discloses list of large Wilful defaulters
Posted Date : 22-Nov-2019 , 09:53:13 am | Posted By CASANSAAR

Four years after the Supreme Court first directed the Reserve Bank of India (RBI) to disclose a list of India’s wilful defaulters, the central bank has finally complied. In response to a Right to Information (RTI) application filed by The Wire in May 2019, the RBI has released a list of 30 ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 2497

RBI takes over DHFL board, appoints an administrator
Posted Date : 21-Nov-2019 , 10:08:35 am | Posted By CASANSAAR

The Reserve Bank of India on Wednesday superseded the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, in a step towards referring the debt-laden mortgage lender to a bankruptcy court. The regulator named R. Subramaniakumar, a former managing director a...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 276

RBI unions want govt to hike deposit insurance cover to Rs 10 lakh
Posted Date : 19-Nov-2019 , 04:45:13 pm | Posted By CASANSAAR

The Reserve Bank employees unions on Tuesday urged the government to hike the insurance cover on bank deposits from the present Rs 1 lakh to Rs 10 lakh.The demand for increasing bank deposit insurance cover, which was last revised in May 1993, has come to the fore after the ongoing crisis at Punjab ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 241

News By Categories

More Categories

Search News

 
 
 

Top Most RBI News On Casansaar Includes Latest News Details On Fema Forms,Fema Declaration,Updates On Reserve Bank Of India,RBI Circulars,Sebi,CA Firm.

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.