Reserve Bank of India
- India
India’s digital payments record double-digit growth: RBI data
Mumbai: Digital payments in India have registered a 12.6 per cent increase year-on-year with the RBI’s Digital Payments Index (RBI-DPI) rising to 445.5 at the end of March 2024 compared to 418.77…
- India
India has potential to become world’s 2nd largest economy by 2031: RBI Dy Guv
Mumbai: Given the country’s innate strengths, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by…
- Hyderabad
Hyderabad-based NBFC loses licenses for violating RBI guidelines
Mumbai: The Reserve Bank of India announced the cancellation of licenses for two non-banking financial companies (NBFCs) on Monday, July 8, due to violations of its guidelines, one of which operates in…
- Business
97.87 pc of Rs 2000 banknotes have now been returned: RBI
Mumbai: The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the ₹2000 banknotes that were in circulation as of May 19, 2023, when their withdrawal was announced,…
- India
RBI sees India’s economy shifting from 7 to 8 per cent
Mumbai: There is an increasing evidence of a trend upshift taking shape, which is shifting India’s growth trajectory from the 2003-19 average of 7 per cent to the 2021-24 average of 8…
- Business
Markets hold on to early gains after RBI monetary policy decision
Mumbai: Benchmark equity indices jumped in late morning trade on Friday, extending their rally to the third straight session, after the RBI decided to keep the policy rate unchanged for the eighth…
- Business
Markets climb in early trade ahead of RBI monetary policy decision
Mumbai: Benchmark equity indices climbed in early trade on Friday, taking their rally to the third day running, ahead of the RBI monetary policy decision to be announced later in the day.…
- Business
RBI to roll out AI-driven system to protect interests of bank customers
Mumbai: In order to protect the interests of customers of banks and NBFCs, the Reserve Bank plans to focus on embedding AI and other related tools in the complaint management system (CMS)…
- India
RBI’s balance sheet rises 11% to Rs 70.47 lakh cr in FY24
Mumbai: The size of Reserve Bank’s balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according…
- Business
RBI sees real GDP growth at 7 pc in FY25
Mumbai: Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday.…
- Business
RBI fines HSBC Ltd for violating norms
Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 36.38 lakh on HSBC Limited for violation of directions on reporting requirements under the Liberalised Remittance Scheme of FEMA.…