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RBI

RBI hikes Repo Rate by 25 basis points to 6.25%

KalingaTV News Network Mumbai: The Reserve Bank of India (RBI) on Wednesday in its second bi-monthly Monetary Policy of 2018-19 hiked the Repo Rate under the Liquidity Adjustment Facility by 25 basis points from 6 per cent to 6.25 per…

RBI launches Ombudsman scheme for NBFCs

KalingaTV News Network Mumbai: The Reserve Bank of India (RBI) has launched Ombudsman Scheme for non-banking financial companies (NBFCs) for redressal of complaints against them. The RBI, in a statement, said the scheme will provide a…

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RBI keeps ‘Repo rate’ unchanged at 6 per cent

KalingaTV News Network Mumbai: The Reserve Bank of India (RBI) has kept the short-term lending rate, also known as repo rate, unchanged at 6 per cent in its fifth bi-monthly monetary policy review for the year 2017-18 today. The…

99% of Scrapped Notes Back in System: RBI

KalingaTV News Network Bhubaneswar: The Reserve Bank of India (RBI) on Wednesday revealed in its annual report that Rs 15.28 lakh crore, or 99 per cent of the Rs 15.44 lakh crore in higher denomination currency that was rendered invalid…