RBI hints at further rate cuts: Decline in inflation and normal monsoon have allowed the Reserve Bank of India (RBI) to the short-term lending rate, or repo rate, by 25 basis points to 6.25% from 6.50% earlier.  Perhaps hinting at further rate cuts, the RBI said that the key to future decisions viz food inflation

RBI came out with operating guidelines for differentiated banks — payments banks and small finance banks — being set up to bring in new players who are now empowered to leverage on technology for financial inclusion in a cost effective way. RBI granted in-principle approvals to 11 entities for setting up payments banks (PBs) in

With cell phones becoming a crucial part of banking, the RBI has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.  Banks have also been told not to insist that customers visit only their home branch to get their mobile numbers registered and to have this facility for

BE/RBI/25/2016 With a view to increase the Farmers’ income to twice than what it is now, RBI has advised Banks to revisit their documentation for crop loans, simplify them wherever required and ensure to speedily sanction and disburse loans within the specified time limits. RBI also advised that the lead bank which acts as the

BE/RBI/21/2016 RBI has made it clear that the coin was in circulation, saying people should not hesitate in using the TEN RUPEE coins for transactions. According to the availablereports people in UP have openly refused to accept ten rupee coins.  The district magistrate of PILIBHIT has warned of strict action, taking the note of messages