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Nalezeno "The Reserve Bank of India": 209

Indian Supreme Court Wraps up Crypto Hearing for the Year

19.11.2019
The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian...

Reserve Bank of India (RBI) Eases Refinancing Limits on Selected Borrowers

8.11.2019
In a development that should come as a major boost for Indian banks that operate overseas, the Indian central bank RBI eased restrictions with regards to refinancing certain loans. According to the policies that are going to go into effect in December this year, foreign branches of Indian banks...

Indian Crypto Trading Volumes Accelerate on Positive Sentiments

28.10.2019
Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto...

Cashaa Launches Banking Solution for Indian Crypto Owners

22.10.2019
Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies....

Indian Supreme Court Postpones Crypto Case to November

15.10.2019
The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case...

Indian Supreme Court Sets Date to Hear Crypto Case Next Week

7.10.2019
The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done. Also read:...

Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...

Reserve Bank of India Restricts Indian Police to Seize Crypto Scam Amount

4.10.2019
Legal implications on Banks by the Reserve Bank of India (RBI) have caused trouble for the Pune city police department wanting to cash out seized cryptocurrencies worth of 8.42 crore INR. That amount of Indian currency was acquired by selling 244.0925 Bitcoins. The cryptocurrency was seized from...

RBI Ban Stops Indian Police From Cashing Out Seized Crypto

4.10.2019
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read:...

New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals

2.10.2019
Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being...

Protests Led RBI to Raise PMC Bank’s Withdrawal Limit

27.9.2019
The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...

Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000

25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...

Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set

21.8.2019
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume...

RBI Defends Its Power Over Crypto in Indian Supreme Court

20.8.2019
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also...

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