RBI
- Business
Number of Jan Dhan accounts crosses 55 crore: FM Sitharaman
New Delhi: The number of bank accounts for the poor under the Prime Minister’s Jan Dhan Yojana have crossed the 55 crore mark with “most of these accounts belonging to people who…
- Business
India’s forex reserves rise by USD 2.7 bn to USD 698.19 billion
Mumbai: India’s foreign exchange reserves increased by $2.7 billion to reach $698.19 billion for the week ending July 25, according to data released by the Reserve Bank of India (RBI) on Friday.…
- Technology
India completes 65,000 cr digital transactions worth Rs 12,000 lakh cr
New Delhi: Over 65,000 crore digital transactions have taken place in the last six financial years (FY20 to FY25), amounting to more than Rs 12,000 lakh crore, the Parliament was informed on…
- Business
India’s GDP to grow at 6.5 pc in FY26: Crisil
New Delhi: A Crisil report on Monday projected India’s gross domestic product (GDP) to grow at 6.5 per cent this fiscal (FY26), supported by improving domestic consumption, among other positive indicators. The…
- Business
India’s WPI inflation plunges into negative zone
New Delhi: India’s inflation based on the Wholesale Price Index (WPI) plummeted to the negative zone at 0.13 per cent in June for the first time this year as prices of food…
- Business
India projected to clock 6.8-7 pc growth in Q2: HSBC
New Delhi: India’s GDP growth is projected at 6.3 per cent in current fiscal (FY26) despite external headwinds, an HSBC report said on Wednesday, adding that with 70 per cent of the…
- Business
India will continue to be fastest growing economy: FM Sitharaman
New Delhi: India will continue to be the fastest-growing economy at the current rate of growth — or even better — and with the monsoon being good, agriculture will definitely come up…
- Business
India embraces cashless revolution in last 11 years: Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Monday said that India is embracing a cashless revolution with world-class digital initiatives like unified payments interface (UPI). In the last 11 years, India…
- Technology
Bank of India cuts lending rate after RBI’s repo rate reduction
Mumbai: The Bank of India (BOI) on Friday reduced its repo-based lending rate (RBLR) by 50 basis points, bringing it down from 8.85 per cent to 8.35 per cent. This move follows…
- Business
Another RBI rate cut to spark affordable real estate momentum: Experts
New Delhi: As the Reserve Bank of India (RBI) prepares for its monetary policy committee (MPC) meeting this week, industry experts said on Tuesday that the transmission of rate cuts into lower…
- India
RBI MPC may cut repo rate on June 6 as inflation cools: Analysts
New Delhi: As the RBI’s Monetary Policy Committee (MPC) is set to meet later this week, analysts on Monday expected the Central Bank to go for a third consecutive rate cut of…
- Business
RBI to use shredded banknotes in making particle boards
Mumbai: To make banknote disposal more environment-friendly, the Reserve Bank will use shredded banknotes for making particle boards and has started a process to empanel board manufacturers, according to its annual report…
- Business
RBI announces record Rs 2.69 lakh cr dividend bonanza for Modi govt
Mumbai: The Reserve Bank of India (RBI) on Friday approved its highest-ever dividend of a staggering Rs 2.69 lakh crore to the PM Narendra Modi-led Central government for the financial year 2024-25.…
- India
RBI imposes over Rs 1.66 lakh penalty on Union Bank of India
Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of more than Rs 1.66 lakh on Union Bank of India over discrepancies observed in soiled note remittance, the bank said…
- Business
Economists see RBI dividend to govt surpassing record Rs 2.5 lakh cr in 2025-26
Mumbai: Economists expect the Reserve Bank of India’s (RBI) dividend to the government to surpass a record over Rs 2.5 lakh crore this year as the central bank earnings, through the sale…
