RBI

Demonetisation again? RBI asks people to return or deposit Rs 2,000 currency notes in banks by Sept 30

The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender.

May 19, 2023

India's forex reserves fell by $2 billion, reaches $584.248 billion for week ending Apr 21

It's a significant fall compared to October 2021 when the country's forex reserves had reached an all-time high of $645 billion

Apr 29, 2023

Pre-sanctioned credit lines at banks through UPI: RBI

Expanding the scope of Unified Payments Interface (UPI), the Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said pre-sanctioned credit lines at banks through the former will be allowed.

Apr 6, 2023

No change in repo rate, GDP projected at 6.5% for FY24

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced.

Apr 6, 2023

RBI's Shaktikanta Das awarded "Governor of the Year"; commended for unwavering leadership

In honour by an international economic research journal, RBI's Shaktikanta Das was awarded "Governor of the Year" for 2023 by Central Banking.

Mar 16, 2023

Bill Gates visits RBI office in Mumbai, holds discussions with Shaktikanta Das

Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai, where he held wide-ranging discussions with Governor Shaktikanta Das.

Feb 28, 2023

RBI's 25 bps rate hike to increase home loan EMI

The 25 basis points (bps) hike in the repo rate by the Reserve Bank of India (RBI) will result in an additional equated monthly instalment (EMI) of Rs 16 per lakh, said a top official of Sundaram Home Finance.

Feb 9, 2023

Adani Row: RBI defends banks' exposure, says "One client will not affect Indian banking system"

An individual client -- Adani Group -- will not bring down the Indian banking system, Reserve Bank of India Governor Shaktikanta Das said

Feb 8, 2023

RBI hikes policy rate by 25 bps, current repo rate at 6.5%

The RBI's Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent

Feb 8, 2023

Forex reserves fall to $562 billion during period ending Dec 23: RBI data

India's foreign exchange reserves fell by $691 million to $562.808 billion as on December 23, according to RBI data released on Friday.

Dec 31, 2022

Forex reserves fall by $691 million to $562.808 billion as of Dec 23

India's foreign exchange reserves fell by $691 million to $562.808 billion as on December 23, while Indians' overseas financial assets fell $43.9 bn in July-Sep period

Dec 31, 2022

Indian stock market soars to record high despite global headwinds

Sensex recorded a fresh high of 63,583 points and Nifty-fifty of NSE also rose to a record-breaking high of 18,874 points on Thursday

Dec 1, 2022

RBI's pilot project on digital rupee to be launched on Dec 1; see cities, banks part of launch

The first phase will begin with four banks namely State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country.

Nov 29, 2022

RBI report flags large-scale variation in property tax collection across civic bodies

It may look surprising but it is a fact that the property tax revenue of the municipal bodies in Delhi is much more than that of bigger states including Uttar Pradesh, Madhya Pradesh, Rajasthan and many other states.

Nov 20, 2022

What is eRs; RBI's digital rupee explained [see how it works]

The Reserve Bank of India (RBI) had, last week, announced that it will commence a pilot project of digital rupee (eRs) for specific use cases in the wholesale segment from November 1.

Nov 6, 2022

Reserve Bank of India to launch digital rupee pilot project today

The Reserve Bank of India (RBI) will today launch the nation's first digital rupee pilot project for the wholesale segment.

Nov 1, 2022

RBI asks Mahindra Financial services to cease immediately from using recovery agents

In other words, the company was directed not to use services of any outside agency for loan recovery purpos

Sep 23, 2022

What's Card Tokenisation? New RBI norms come into effect from Oct 1

Several people were cheated in the last few years by cyber frauds because they have stored their card data on the merchants website for future payments.

Sep 17, 2022

India set to become 3rd largest economy by 2029 as nation witnesses rapid economic growth

Recently, India surpassed the United Kingdom to become the fifth largest economy in the world

Sep 4, 2022

RBI: Credit growth outpaced deposit growth of banks in June

Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday.

Aug 25, 2022