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RBI

RBI Imposes Rs 1.80 Crore Penalty On Punjab National Bank

Dec 15, 2021 Outlook Business Team

RBI, in its order, stated that the fine on Punjab National Bank was imposed for being in contravention of sub-section (2) of sector 19 of the Banking Regulation Act, 1949.

LIC Receives RBI Nod To Enlarge Stake In IndusInd Bank To 9.99%

Dec 10, 2021 Outlook Business Team

IndusInd Bank informed that the approval would be valid for a period on year until December 8, 2022.


RBI Monetary Policy 2021 : What Will Be The Impact On Debt Funds?

RBI has retained its repo and reverse repo rates. But rate hikes are expected to take place within the next year, so debt fund investors should look at funds with 5-10 years' maturities.

RBI Rate Change: Consumers Caught Between Inflation and High Rates

Dec 07, 2021 Pushpita Dey

While high rates may reduce inflation, they will affect borrowers who are already suffering from pay cuts and job losses. There is a growing concern among people on how the new rates will affect their lives.


Monetary Policy Meet: Will RBI Change Its Key Rates? Know What Experts Say

The RBI Governor-headed Monetary Policy Committee is scheduled to meet during December 6-8, 2021. The decision of the rate-setting panel would be announced on Wednesday.

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29 November, 2021

Sovereign Gold Bond Scheme Opens Today; Check Your Eligibility And Other Details

Outlook Money Team

Subscription for Sovereign Gold Bond Scheme 2021-22 will be open for the next five days and investors can buy bonds at Rs 4,791 per gram of gold. The bonds can be redeemed in cash on maturity.


28 November, 2021

RBI ‘Illegal Loan Apps’ Ban: What’s The Way Out For Customers?

Pushpita Dey

With RBI declaring 600 digital loan apps illegal recently, customers will get access to better data security and genuine loan apps. More than 200 apps have already been removed from the Google Play store.


11 November, 2021

PM Modi Launches RBI's Retail Direct Scheme: Should You Invest in G-Secs?

Meghna Maiti

RBI’s Retail Direct Scheme will provide retail investors a new avenue to invest in government securities (G-secs).


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.


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.


14 September, 2021

Indian UPI and Singaporean Equivalent PayNow To Be Linked

Outlook Business Team

Linkage of these fast payment systems will enable users to make instant, low-cost fund transfers on a reciprocal, cross-border basis.


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01 September, 2021

Cheque Payments Get A New Hedge with ‘Positive Pay System’

Outlook Money

The RBI had provided instructions regarding the Positive Pay System and asked the lenders to launch the mechanism on January 1. It has made it mandatory for the banks that customers must be informed about the procedure.


31 August, 2021

Received Torn Note From ATM? Here's How You Can Exchange It

Outlook Web Bureau

The notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules, 2009.


24 August, 2021

Have Multiple Torn Notes? Don't Worry, Your Money Is Safe; Check Details

Outlook Web Bureau

According to RBI, a mutilated note is a note of which a portion is missing or which is composed of more than two pieces.


23 July, 2021

Rupee Down 12 Paise To 74.58 Against US Dollar In Early Trade

PTI

The rupee opened at 74.55 versus the dollar on the interbank foreign exchange, then slipped to 74.58, a drop of 12 paise from its previous finish.


15 June, 2021

Rupee Surges 13 Paise To 73.16 Against US Dollar In Early Trade

PTI

Global oil benchmark Brent crude futures rose 0.29 per cent to USD 73.07 per barrel.


04 June, 2021

RBI Projects Retail Inflation At 5.1% In FY22 On Supply-Side Measures, Monsoon

PTI

The second wave of the pandemic and the consequent restrictions on activity on a virtually pan-India basis puts upside risks to inflation.


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04 June, 2021

RBI Keeps Interest Rate Unchanged, Cuts Growth Forecast For Current Fiscal To 9.5%

Outlook Web Bureau

The central bank has projected retail inflation at 5.1% in 2021-22.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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Short Story

‘Laab’ In The Mountains

He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.

Graphic Novel

Play Us A Memory, Violin Man

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Fact-Check

It’s Just Numbers, Love

Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.

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Opinion

The Future of Universities: Can India Overcome The Digital Divide?

The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.

Jan 15, 2022 Saikat Majumdar

Super Immunity, Natural Vaccines, Covid Gods: A Desi Guide To Denying The Pandemic

Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.

Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.

Jan 01, 2022 Saikat Majumdar

Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz