Reserve Bank of India
- India
Retail inflation expected to start coming down from this month: RBI Governor
Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices…
- India
RBI says 93 pc of Rs 2000 notes returned to banks
Mumbai: The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 — the day when the currency…
- Hyderabad
Banks in Hyderabad to remain shut for 8 days in September; Know list of holidays
Hyderabad: The banks in Hyderabad are going to remain closed for eight days in September 2023 due to various holidays. The Reserve Bank of India (RBI) has announced the bank holidays. According…
- India
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
Chennai: The Reserve Bank of India (RBI) believes that the current surge in inflation, driven by food prices, is transient and it should moderate by the third quarter with the arrival of…
- India
Indian banks set to reward shareholders with the highest dividend in seven years
New Delhi: Indian banks look set to reward shareholders with the highest dividend in at least seven years. The country’s banks are forecast to take their share in aggregate payout across all…
- Business
Inflation to remain high for coming months: Economic review
New Delhi: Alhough domestic consumption and investment demand are expected to continue driving growth, global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months, warranting greater vigilance by…
- Business
Reserve Bank issues fresh norms for personal loans
Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in…
- India
RBI launches website to help beneficiaries claim Rs 35000 cr unclaimed deposits
Reserve Bank of India (RBI) Governor Shaktikanta Das launched a centralised website, UDGAM (Unclaimed Deposits – Gateway to Access inforMation), on Thursday. This portal aims to facilitate the search and claiming of…
- India
RBI bars banks from levying penal interest
Mumbai: Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which…
- India
Inflation to fall below RBI’s 6 pc upper tolerance from Nov: Morgan Stanley
New Delhi: Morgan Stanley expects retail inflation to moderate to Reserve Bank of India’s 6 per cent upper tolerance target only from November. Retail inflation in India rose sharply in July to…
- India
RBI may continue with the incremental CRR provision
New Delhi: There is a high probability that the Reserve Bank of India (RBI) might continue with the incremental CRR announced on August 10, which is expected to be reviewed on September…
- India
RBI retains repo rate at 6.5 percent
Chennai: As predicted by economists, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) did not change the repo rate from 6.50 percent. Announcing the decision of the MPC…
- India
RBI says 88 pc of Rs 2,000 notes returned to banks
Mumbai: The Reserve Bank on Tuesday said 88 per cent of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking system after it announced withdrawal of…
- India
RBI won’t revise repo rate, decision to be unanimous: Economists
Chennai: Despite food inflation and existance of continued geo-political and climate risks, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the interest rate from the current 6.5…
- India
Are star series currency notes legal? Know what RBI says
New Delhi: Amid speculations at emergence of bank notes having a star (*) symbol in the number panel, the Reserve Bank of India (RBI) on Thursday clarified that these are the same…
