RBI Introduces Secured Overnight Rupee Rate (SORR)
The Reserve Bank of India has launched a new interest rate benchmark, the Secured Overnight Rupee Rate (SORR), to enhance
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RBI NEWS
HDFC Bank Receives RBI Approval for AU SFB Stake Purchase
HDFC Bank has received the RBI’s approval to acquire up to a 9.5% stake in AU Small Finance Bank Limited
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RBI Imposes Compensation for Delays in Credit Data Updates
The RBI has mandated compensation of Rs 100 per day for delays in credit data updates by credit information companies
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RBI Establishes Panel for Ethical AI Use in Financial Sector
The Reserve Bank of India has set up a panel named Framework for Responsible and Ethical Enablement of Artificial Intelligence
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RBI Adds 8 Tonnes of Gold to Reserves in November: WGC
The Reserve Bank of India (RBI) has continued its gold acquisition spree, adding 8 tonnes to its reserves in November.
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RBI Imposes Compensation for Delays in Credit Data Updates
The RBI has mandated compensation of Rs 100 per day for delays in credit data updates by credit information companies
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RBI holds repo rate for 9th time in a row at 6.5%
RBI decided to keep policy rates on hold for the ninth consecutive time, citing strong demand and the need to
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RBI mandates fortnightly credit information reporting
The Reserve Bank of India (RBI) mandated the frequency of credit information reporting to fortnightly basis as a measure to
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Now, cheques to be cleared in a few hours
Reserve Bank of India (RBI) has proposed continuous clearing of cheques with ‘on-realization-settlement’ Cheque Truncation System, instead of the current
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RBI proposes risk-based pricing for deposit cover
RBI has proposed risk-based pricing for bank deposit insurance. The reasoning is that stressed banks could face rapid deposit withdrawals
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