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Above-normal monsoon rains to further ease food prices: Finance Ministry report

This comes even as high food inflation remains a challenge in several major economies across the world and the Reserve Bank of India (RBI) sees food price uncertainties weighing on the inflation outlook, it noted.

India , Production-linked-incentive , India-european-free-trade-agreement , Finance-ministry , Eserve-bank-of-india , Ood-prices , Ndia-meteorological-department-imd- , Ndian-express-business , Usiness-news , Usiness-articles , Usiness-news-stories

Kotak Mahindra shares plummet 10.85% after RBI action

While the bank reassured to its existing customers of uninterrupted services, including credit card, mobile and net banking, the market took the RBI action seriously.

Siddarth-bhamre , Shivaji-thapliyal , Kotak-mahindra-bank , Asitc-mehta-investment-interrmediates-ltd , Head-of-research , Barring-kotak-mahindra-bank , Information-security-governance , Asitc-mehta-investment-interrmediates , Lead-analyst , Kotak-mahindra-bank-shares , Eserve-bank-of-india , Otak-mahindra-bank

Payment frauds rise by 70.64% to Rs 2,604 crore in October-March period

The volume of frauds also rose to 15.51 lakh during the March 2024 period from 11.5 lakh in the previous six-month period, RBI data shows.

Central-payments-fraud-information-registry , Reserve-bank , Payment-frauds , Eserve-bank-of-india , Omestic-payment-frauds , Ndian-express-business , Usiness-news , Usiness-articles , Usiness-news-stories ,

MC Exclusive| RBI circular: AU SFB Board to soon discuss plan for universal bank license, says official

Earlier today, RBI release circular on the Voluntary transition of Small Finance Banks to Universal Banks.

India , Fincare-small-finance-bank , Small-finance-bank , Au-small-finance-bank , Finance-bank , Reserve-bank , Small-finance-banks , Universal-banks , Universal-bank , Niversal-bank , Eserve-bank-of-india

Illegal forex trading: RBI cautions banks, customers

Asks banks to report such trading to Enforcement Directorate



India , Enforcement-directorate , Authorised-person , Alert-list- , Press-releases , Rbi-cautions-banks , Llegal-forex-trading , Eserve-bank-of-india , Anking-and-finance , Ndian-express-business , Usiness-news

RBI bars Kotak Bank from online onboarding of customers, issuing fresh credit cards

The RBI said its decision was based on significant concerns arising out of its IT examination of the bank for 2022 and 2023, and the bank’s continued failure to address these concerns in a comprehensive and timely manner.

Baroda , Gujarat , India , Core-banking-system , Banking-regulation-act , Rbi , Bi-bars-kotak-bank , Otak-bank , Eserve-bank-of-india , Otak-mahindra-bank , Ndian-express-business

Why Has RBI Barred Kotak Mahindra Bank from Adding New Customers Online? What's Next for the Lender?

The RBI said Kotak Mahindra Bank was found to be non-compliant with the corrective action plans issued for 2022-23. The lender lacks ‘robust IT infrastructure and IT Risk Management framework’, and its online and digital banking channels have suffered frequent outages in the last two years

Bombay , Maharashtra , India , Baroda , Gujarat , Bajaj-fiancne , Mahindra-financial-services-on , Kotak-mahindra-bank-to-rs , National-common-mobility-cards , Kotak-bank , Kotak-mahindra-bank , Bombay-stock-exchange-on

Crisil: Extreme weather disturbances have led to frequent bouts of volatility in vegetable prices

Crisil says from a low of -7.9% in May 2023 rise in vegetable prices touched a high of 37.4% in July 2023; responsible for about 30% of food inflation in fiscal 2024


India , World-meteorological-organisation , Indian-meteorological-department , Reserve-bank , Global-climate , Crisil , Xtreme-weather-disturbances , Egetable-prices , Olatility , Nflation , Ood-inflation

RBI issues alert against prepaid payment instruments by illegal entities

Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.

Mumbai , Maharashtra , India , Gurgaon , Haryana , Reserve-bank , Prepaid-payment-instruments , Talkcharge-technologies , Sohna-road , Payment , Eserve-bank-of-india

RBI lists factors powering India to become 3rd largest economy in the world

Mumbai: While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI

Mumbai , Maharashtra , India , Ukraine , Russia , Jan-dhan , While-india , Bankruptcy-code , Unified-payment-interface , Economy , Ndia