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Reserve Bank Of India (RBI)

Outward Investments By Indian Companies Fell By 8% To $2.05 Billion In December

Jan 11, 2022 Press Trust of India

The domestic companies had invested $2.23 billion in their overseas joint ventures and fully-owned subsidiaries during December 2020 in the previous financial year.

RBI Sets Up Department For Fintech: Report

Jan 09, 2022 Outlook Business Team

This fintech department will not only promote innovation in the sector but also identify the challenges and opportunities associated with it and address them in a timely manner.


New RBI Norms Allow Fintechs To Access Credit Bureaus

As per a recent notice issued by the RBI, Indian fintech companies can access credit bureaus' data if they have CISA certification.

Ajay Kumar Choudhary, Deepak Kumar Appointed As New Executive Directors Of RBI

Jan 04, 2022 Press Trust of India

As executive director, Kumar will look after the Foreign Exchange Department, Department of Communication and Deposit Insurance and Credit Guarantee Corporation. Choudhary will look after the Fintech Department, Risk Monitoring Department and Inspection Department.


RBI Issues Framework For Offline Digital Payments

Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices.

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03 January, 2022

RBI Approves Fino Bank's International Money Transfer Service

Press Trust of India

The money remitted by family members abroad can now be directly withdrawn at the nearest micro-ATM or Aadhaar-enabled payment services (AEPS)-enabled Fino Bank's neighbourhood merchant point.


29 December, 2021

Private Cryptocurrencies Pose Immediate Risks To Customer Protection: RBI FSR Report

Outlook Money Team

FSR report of RBI says private cryptocurrencies impose risks against anti-money laundering (AML) and become a challenge in combating the financing of terrorism (CFT).


29 December, 2021

How Tokenization Can Save You From Debit Or Credit Card Frauds

Pushpita Dey

Tokenization can ensure better security for both customers and digital payment platforms for transactions, believe fintech owners.


28 December, 2021

Banking Fraud Cases Involving Rs 36,342 Crore Reported During H1 FY2022: RBI

PTI

In H1 2021-22, banks saw 1,802 reported cases of frauds amounting to Rs 35,060 crore which were related to advances. There were 1,532 reported cases of fraud linked to card/internet.


24 December, 2021

RBI Extends Tokenisation Deadline to July 2022; You Can Now Use Debit Or Credit Cards Till June 2022

Outlook Money Team

RBI, through a circular on December 23, extended the deadline for the implementation of the new tokenisation mechanism to July 1, 2022 from the earlier date of January 1, 2022.


23 December, 2021

Reserve Bank Of India Slaps Monetary Fine On Mobikwik Systems, Spice Money

Outlook Business Team

The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 30 of the PSS Act, the central bank said in a statement.


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23 December, 2021

All You Need To Know About New Charges On ATM Transactions Effective From January 1

Outlook Money Team

Customers will now have to pay Rs 21 per transaction on exceeding their monthly limit for ATM withdrawals from January 1, 2022.


18 December, 2021

Plea in HC to direct Centre, RBI to formulate policy to issue Rs 50 coins for visually impaired

Outlook Web Desk

The application was filed in a pending petition by advocate Rohit Dandriyal seeking directions to the authorities to withdraw the new currency notes of Rs 50 as the visually-impaired people were finding it difficult to use them due to their size and the tactile marks.


15 December, 2021

RBI Imposes Rs 1.80 Crore Penalty On Punjab National Bank

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.


08 December, 2021

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

Kundan Kishore

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.


07 December, 2021

RBI Tanks Up On Gold, Decline In Major Currencies Continues

Rajiv Ranjan Singh

RBI has bought 71 tonnes of gold in just 10 months this calendar year. Falling global prices of gold, economic uncertainty, decline in major currencies such as US dollar prompt the buying spree.


05 December, 2021

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

Outlook Business Team

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.


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

They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.

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Play Us A Memory, Violin Man

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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It’s Just Numbers, Love

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