Reserve Bank of India
- India
RBI bars Kotak Bank from onboarding customers online, issuing credit cards
Mumbai: Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit…
- India
Extreme weather may pose risk to inflation, says RBI Bulletin
Mumbai: Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank’s April Bulletin said on Tuesday. The retail…
- News
Ex RBI chief Subba Rao asks Centre to roll out ‘White Paper’ on parties’ freebies
Hyderabad: Central Government under the leadership of the Prime Minister should come out with a ‘White Paper’ to generate a consensus among political parties on the issue of giveaways or freebies, former…
- Business
Forex kitty drops USD 5.40 billion to USD 643.16 billion
Mumbai: India’s forex reserves dropped by USD 5.401 billion to USD 643.162 billion for the week ended April 12, the Reserve Bank said on Friday. The overall reserves increased by USD USD…
- Business
Banks must provide simple KFS to borrowers on terms of loans: RBI
Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they…
- India
RBI retains GDP growth projection at 7 pc for FY25
Mumbai: The RBI on Friday retained the GDP growth projection at 7 per cent for 2024-25 fiscal on the back of expectations of a normal monsoon, moderating inflationary pressures, and sustained momentum…
- Business
Markets fall in early trade ahead of RBI policy announcement; Sensex tumble nearly 200 points
Mumbai: Benchmark equity indices Sensex and Nifty retreated from their record peaks and traded lower in early trade on Friday as investors turned cautious ahead of RBI’s interest rate decision, amid muted…
- Business
Govt to sell bonds worth Rs 38,000 cr via RBI’s multiple price auction method
New Delhi: The Finance Ministry on Monday announced the sale of Rs 38,000 crore worth of government bonds through the Reserve Bank of India’s new multiple price auction method. These include (i)…
- Photos
Photos: RBI’s 90th year celebration event
Mumbai: Prime Minister Narendra Modi with Maharashtra Governor Ramesh Bais, Union Finance Minister Nirmala Sitharaman, Chief Minister Eknath Shinde, Union Ministers of State for Finance Bhagwat Kishanrao Karad and Pankaj Chaudhary, Deputy…
- News
Facility to exchange, deposit Rs 2000 notes not available on Apr 1: RBI
Mumbai: The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank…
- India
India’s CAD dips to USD 10.5 billion in October-December: RBI
New Delhi: India’s current account deficit declined to USD 10.5 billion or 1.2 per cent of the GDP in October-December quarter from USD 11.4 billion in the previous three months and USD…
- News
RBI directs all Agency Banks to remain open on March 31
Mumbai: The Reserve Bank of India (RBI) on Wednesday issued an order for all branches of banks dealing with government receipts and payments to remain open on March 31, which is a…