The Reserve Bank of India (RBI)  announced a US Dollar/Rupee two-year sell buy swap auction with a view to elongating the maturity profile of its forward book and smoothen the receivables relating to forward assets. The Central bank will undertake a sell/buy swap auction of $5 ...

The RBI has mandated that non-banking financial companies (NBFCs) – middle and upper layer -- having 10 and more 'Fixed point service delivery units'  as on October 1, 2022, will have to implement Core Financial Services Solution (CFSS), akin to the Core Banking Solution (CBS) adopted by ...

The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of ₹1,50,000 crore was offered for investment through VRR, in three tranches so far; of which around ₹1,49,995 crore have been availed as ...

Reserve Bank of India conducted the 6th and the last Monetary Policy Committee (MPC) meeting for 2021-22 between February 8-10, 2022. Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. The central ...

Reserve Bank of India (RBI) has emerged as the second-largest buyer of Gold among the world’s Central Banks in 2021. The largest buyer, the Central Bank of Thailand, bought 90 metric tonnes of gold while RBI bought 77.5 metric tonnes taking its total gold reserve to 754.1 ...

The Reserve Bank of India will observe February 14-18, 2022 as Financial Literacy week 2022. Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the ...

The former Reserve Bank of India (RBI) Governor Urjit Patel has tendered his resignation from the post of non-executive and independent director of Britannia Industries Limited with effect from January 31, 2022. The reason behind stepping down is attendant time constraint, due to his full-time ...

The Reserve Bank of India cancelled the licence of Nashik-based Independence Co-operative Bank Ltd and began the process for winding it up following the erosion of the bank's capital. The bank has stopped operation from the close of business on February 3, putting depositors of the bank in ...

The Reserve Bank of India (RBI) has appointed former comptroller and auditor general (CAG) chief Vinod Rai as the independent chairman of the Unity Small Finance Bank (USFB), according to an official statement. Unity Small Finance Bank is a joint venture of the Centrum Group and fintech firm ...

The Reserve Bank of India (RBI) released the Annual Report of the Ombudsman Schemes for the year 2020-21, which has been prepared for the nine-month period, i.e., July 1, 2020 to March 31, 2021, in alignment with the change in the Financial Year of RBI from ‘July – June’ to ‘April – ...