The Reserve Bank of India on Friday surprised lenders of Dewan Housing Finance Corp. Ltd (DHFL) by superseding its board, four bankers aware of the development told LiveMint.

Finance Minister Nirmala Sitharaman on Thursday assured depositors of PMC bank that she will speak with the RBI Governor to provide appropriate time so that its clients can withdraw money from their accounts.

Slamming the move, Rahul Gandhi expressed his disappointment on Twitter and said: "Rs. 1.76 lakh cr given to the govt by RBI is almost the exact same amount missing from Budget 2019 announcement. Where was that money spent? Why was it missing from the Budget?"

In order to increase digital transactions, the Reserve Bank of India (RBI) has increased the work timing of famous money transfer service (RTGS) by an hour. The users will now be able to send and receive money from 7AM instead of 8AM from August 26.

With Reserve Bank of India reducing the repo rate by 35 basis points to 5.40%, the Easy Monthly Installments (EMIs) are set to decline. This is fourth straight rate cut by the RBI, resulting in an effective rate cut of 110 basis points or 1.1% in the key lending rate.

Bajaj Finance Fixed Deposit: When you invest in an FD, you earn returns at a fixed interest rate through the tenor. Usually, fixed deposit rates on company deposits are higher than those you can obtain at a bank. For example, you can earn interest at a rate as high as 8.95% when you invest in a Bajaj Finance Fixed Deposit. Even after the recent repo rate cuts, this FD is offering one of the highest interest rates.

According to a notification issued by the RBI, it has decided that with effect from July 1, 2019, processing charges and time-varying charges levied on banks by the top bank for outward transactions undertaken using the RTGS system, as also the processing charges levied by RBI for transactions processed in NEFT system will be waived by the Reserve Bank.

A SC bench of Justice L Nageswara Rao and M R Shah ordered RBI to withdraw their current disclosure policy under which the information cannot be disclosed on public domain under Right to information act. The court also pulled up RBI for not complying with its 2015 order.

The Reserve Bank of India (RBI) has changed certain rules related to home, auto and personal loans, A big decision has been taken, according to which in the next 52 days i.e. April 1, 2019, the interest rate on home and auto loans will change.

The tech era has made money transaction easy though digital payment options. Today, the most leading company among mobile wallet is Paytm. Other mobile wallet which allows you to pay and receive money through your smartphone is Mobiwik on Bharat Bill Payment System. In order to make digital payment more secure, the Reserve Bank of India has made a big announcement which seems to be providing great relief to the users.