Category: RBI
RBI has issued a master direction on payment of interest and levy of penalty on various deposits held in banks Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2025 The said Directions provide a framework for banks to follow while formulating their policies on …
RBI issues FAQs and Master Circular on Payment of Pension to Central Government Pensioners by Authorised Banks Payment of pension to retired government employees, including payment of basic pension, increased dearness relief (DR), and other benefits as and when announced by the governments, is governed by the relevant …
The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19, 2025. Prior to his promotion as ED, Shri Bhattacharyya was serving as Adviser in the Monetary Policy Department of the Bank. Over a span of nearly three decades, …
Banks to specify number of times a borrower may be allowed to switch over from floating interest rate loan to a fixed interest rate loan and vice versa – RBI issues FAQs RBI, vide Circular dated 18.08.2023, had issued guidelines for “Reset of Floating Interest Rate on Equated …
RBI allows resident exporter to maintain Foreign Currency Account with bank outside India Reserve Bank of India(Foreign Exchange Department)(Central Office) Notification Mumbai, the 14th January, 2025 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Fifth Amendment) Regulations, 2025 No. FEMA 10(R)(5)/2025-RB.—In exercise of the …
Borrower’s consent not required for credit information sharing by banks. RBI issues the Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025 The Reserve Bank of India (the RBI) has issued the Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025 (CICRA). …
RBI waives collateral security and margin requirements for agricultural loans including loans for allied activities upto ₹2 lakh per borrower. Presently, the limit for collateral free on agricultural loans is ₹ 1.6 lakh. Keeping in view the overall inflation and rise in agriculture input cost over the years, …
RBI urges banks to reduce number of inoperative frozen accounts enabling mobile / e-KYC RBI urges banks to bring down the number of inoperative frozen accounts enabling updation of KYC through mobile/internet banking, Video Customer Identification Process, etc. As per RBI existing guidelines banks are required, among other …
RBI has cautioned general public on social media deepfake videos of its governor giving financial advice In a Press Release issued, RBI has stated that it has come to the notice of Reserve Bank of India that a fake videos of its Governor is being circulated in social …
RBI mandates reporting of Foreign Exchange Transactions to Trade Repository RBI Master Direction namely Risk Management and Inter-Bank Dealings requires, inter-alia, Authorised Dealers to report all over-the-counter (OTC) foreign exchange derivative contracts and foreign currency interest rate derivative contracts, undertaken by them directly or through their overseas entities …
