RBI
- Hyderabad
Hyderabad man loses Rs 3.25 lakh in fake ECI verification scam
Hyderabad: A 75-year-old retired Reserve Bank of India (RBI) employee from Ameerpet lost Rs 3.50 lakh in a fake Election Commission of India (ECI) voter verification process. The victim, Vishnu Mohan Venna,…
- Business
Govt okays introduction of 1 billion polymer Rs 10, 20 banknotes
New Delhi: The government has approved the introduction of one billion polymer banknotes of Rs 10 and Rs 20 each for field trials, Parliament was informed on Tuesday, August 11. The Reserve…
- Business
RBI holds repo rate at 5.25 pc, maintains neutral stance
New Delhi: The Reserve Bank of India (RBI) on Wednesday, August 5, kept the repo rate unchanged at 5.25 per cent, while maintaining the status quo in its latest Monetary Policy Committee…
- News
Digital fraud: SC asks RBI to issue SOP on mule accounts
New Delhi: Observing that mechanisms to tackle cyber crimes needed “wider adoption, faster implementation, and continued follow-up,” the Supreme Court on Tuesday, August 4, asked the Reserve Bank of India (RBI) to…
- India
Karnataka: Two held in Chikkamagaluru with fake Rs 200 notes
Chikkamagaluru: Mudigere police in Chikkamagaluru district have arrested two persons on Friday, July 24, for allegedly attempting to circulate counterfeit Rs 200 currency notes in the town. Police seized fake notes with…
- India
Rupee rises 14 paise to close at 96.28 against US dollar
Mumbai: The rupee rose 14 paise to settle at 96.28 (provisional) against the US dollar on Friday on possible intervention from the Reserve Bank of India after four consecutive sessions of decline.…
- Automobile
Phone calls from 1600 number series cannot be blocked: Trai
New Delhi: No app can block phone calls originating from 1600 number series that are meant for communications by regulated entities and the government to citizens, telecom regulator Trai said in a…
- India
Provide shadow reversal in 5 days for credit card frauds: RBI
Mumbai: The Reserve Bank on Wednesday, June 24, said in case of complaints of fraudulent electronic banking transactions via a credit card, a bank should provide shadow reversal or provisional credit of…
- India
Energy stress, monsoon may slow India’s FY27 growth to 6.6 pc
New Delhi: S&P Global Ratings on Wednesday, June 24, said energy stress, sub-par monsoon and slowing global growth will pull down India’s gross domestic product (GDP) growth to 6.6 per cent in…
- Business
Retail inflation quickens to 3.93 pc in May, shows govt data
New Delhi: Retail inflation inched up to 3.93 per cent in May from 3.48 per cent in the preceding month due to higher food prices, as the impact of rising global energy…
- India
Fitch cuts FY27 growth projection; War to slow down economy
New Delhi: Fitch Ratings on Tuesday, June 9, lowered its GDP growth projections for the current fiscal to 6.4 per cent from the earlier estimate of 6.7 per cent, saying that the…
- Business
RBI says 4 pc inflation target not in abeyance
Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said its 4 per cent medium-term inflation target is sacrosanct and has not been put in abeyance. Malhotra, who upped…
- Business
Gold ends lower amid shifting signals from West Asia
New Delhi: Gold prices slipped to Rs 1.59 lakh per 10 grams in the national capital on Friday, June 5, capping a roller-coaster week, as frequently shifting signals from West Asia kept…
- India
RBI maintains repo rate at 5.25 pc, flags global risks
Mumbai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Friday unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, in line with the expectations from…
- Technology
UPI transactions hit record high of Rs 29.9 lakh cr in May
New Delhi: Summer travel and IPL fever pushed transaction through the popular Unified Payments Interface (UPI) to a record highs of Rs 29.90 lakh crore and 23.2 billion in value and volume…