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Sunday, Nov 28, 2021
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Reserve Bank Of India (RBI)

RBI Fines State Bank Of India Rs 1 Crore

Nov 26, 2021 Outlook Business Team

RBI said in its order that the State Bank of India held excess shares in borrower companies which exceeded thirty per cent of the paid-up share capital of the companies.

RBI Provides Draft Scheme For Takeover Of PMC Bank By Unity Small Finance Bank

Nov 22, 2021 Outlook Business Team

The Unity Small Finance Bank started its operations as a small finance bank (SFB) from November 1. It had been issued a licence under Section 22 (1) of the Banking Regulation Act (1949) for operating as an SFB in India.


Reinvigorating Private Investment Crucial For India To Realise Complete Growth Potential: RBI Gov

RBI Governor Shaktikanta Das said thought though the economy is picking up pace, there is a lot of ground left to cover.

How RBI Integrated Ombudsman Scheme Will Help Customers

Nov 13, 2021 Meghna Maiti

The RBI Integrated Ombudsman scheme is based on ‘One-Nation Ombudsman’ with one portal, one email, and one address for the customers to lodge their complaints. Know what this scheme entails and how it can help redress the grievances of bank customers.


Cryptocurrency Is A 'Serious Concern' From Macroeconomic Perspective: RBI Chief

The RBI Governor stated that the cryptocurrency market is highly unregulated and therefore acquiring complete information is difficult.

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09 November, 2021

RBI Lifts Restrictions On Diners Club From On-boarding New Customers

Outlook Business Team

RBI in April had barred Mastercard, American Express and Diners Club from onboarding new customers for failing to comply with data localisation norms.


01 November, 2021

Centrum-BharatPe's Unity Small Finance Bank Begins Operations

Outlook Business Team

The apex banker informed that the promoter of the Unity Small Finance Bank Limited, Centrum Financial Services was granted an 'in-principle approval to set up a small finance bank on June 18.


30 October, 2021

Citizen's Belief In The Country's Economic Future Has Diminished: Raghuram Rajan

Outlook Business Team

The former RBI chief added that the booming stock market does not reflect the reality that many Indians are in distress.


30 October, 2021

What Makes Retired Bureaucrat Shaktikanta Das The Favourite Of Narendra Modi Govt?

Rajiv Ranjan Singh

Shaktikanta Das came at a time when India was reeling from the double whammy of demonetization and the GST regime.


29 October, 2021

RBI Governor: Centre Extends Shaktikanta Das's Tenure By 3 More Years

Outlook Web Desk

According to an official order, the government has reappointed Das as the governor of the central bank for a period of three years beyond December 10, 2021.


27 October, 2021

RBI Approves Baldev Prakash As Jammu And Kashmir Bank CEO

Outlook Business Team

The appointment of Baldev Prakash as MD & CEO by the Board of the Bank and the actual date of his taking charge shall be communicated separately.


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25 October, 2021

RBI’s Sovereign Gold Bond Scheme Open For Subscription. Should You Invest?

Meghna Maiti

A fresh tranche of RBI’s Sovereign Gold Bonds (SGB) Scheme 2021-22 is open till October 29.


22 October, 2021

India's Foreign Exchange Reserves Rise By $1.49 Billion To Touch $641 Billion

Outlook Business Team

Special drawing rights with International Monetary Fund (IMF) fell by $21 million to reach $19.25 billion in the reporting week. India's reserve position with the IMF rose $6 million to reach $5.23 billion.


20 October, 2021

RBI Imposes Rs 1 Crore Fine On Paytm Payments Bank

Outlook Business Team

Additionally, the RBI imposed a penalty of approx Rs 27.8 lakhs on Western Union Financial Services (WUFSI) for non-compliance with provision laid out in the Master Direction on Money Transfer Service Scheme (MTSS Directions) dated February 22, 2017.


20 October, 2021

Your FD Real Returns May Have Turned Negative After RBI Slashes Inflation Projection By 40 Percentage Points

Pushpita Dey

With FD rates at an all-time low, inflation and tax outgo will erode your investment. This may hit senior citizens the most.


19 October, 2021

Time Is Right For India To Embark On New Trajectory Of Sustainable Growth: RBI Article

Outlook Business Team

Domestic demand is gaining strength while aggregate supply conditions are recouping, powered by the robust performance of kharif agricultural production.


18 October, 2021

RBI Fines Standard Chartered Rs 1.95 Crore, SBI Rs 1 Crore For Not Complying With Cyber Security Regulations

Outlook Business Team

"This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the apex banker stated.


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15 October, 2021

India's Forex Reserve Increase By $2.04 Billon To Reach $639.52 Billion: RBI

Outlook Business Team

India's reserve position with the International Monetary Fund fell by $3 million to about $5.23 billion in the reporting week, the data stated.


Photo Gallery

Indian bowler R Ashwin celebrates with teammates after dismissing New Zealand batsman Will Young during fourth day of the first Test cricket match between India and New Zealand, at the Green Park Stadium, in Kanpur.

PTI Photo/Arun Sharma

Union Defence Minister Rajnath Singh, Union Parliamentary Affairs Minister Pralhad Joshi, MoS Parliamentary Affairs Arjun Ram Meghwal and others leave after an all party meeting ahead of the Winter Session of the...

PTI Photo/Shahbaz Khan

President Ram Nath Kovind presents certificate at the first convocation of the University of Patanjali in Haridwar.

RB/PTI Photo

A worker prepares Trinamool Congress (TMC) party flag ahead of Kolkata Municipal Corporation (KMC) election, in Kolkata.

PTI Photo/Swapan Mahapatra

BJP activists celebrate their party's victory in Tripura Municipal Elections, outside state party office in Kolkata.

PTI Photo/Swapan Mahapatra
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Lead Essay

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Every act of dissent is an art. Of pain and pathos. Of hope and new dawn. It’s their story. It’s everyone’s story.

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Farm Law Repeal Has Given New Life To Idea Of Protest In India

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Apoorvanand
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Manual Scavengers

An ‘Untouchable’ Story: My Life As A Protest

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Bezwada Wilson
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Let's Talk About Ageism And Sexism In Indian Films, A Zillionth Time!

While everyone is going gaga over actress Katrina Kaif in the revamped version of 'Tip Tip Barsa Pani', the replacement of Raveena Tandon does point towards the problem of sexism and ageism in the Indian film industry

Nov 17, 2021 Yashika Mathur

T20 World Cup 2021 Analysis: David Warner And Mitchell Marsh - Tale Of Two Comebacks

Australia winning the T20 World Cup for the first time has been timely as they host the next edition at their own backyard in 2022.

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Education In India During Covid-19: Challenges Faced And Solutions For A Post-Pandemic Era

As per the Observer Research Foundation, close to 250 million children in India were adversely affected due to school closures due to the early lockdowns imposed by the government in response to Covid-19.

Nov 11, 2021 Shekhar Mehta

T20 World Cup Review: Jaded By An Excess Of Cricket, India Were On An Inevitable Path To Doom

India's cricket administrators showed more drive to boost BCCI's coffers rather than take care of players' welfare during pandemic times.

Nov 08, 2021 Arijit Ghosh