Reserve Bank of India
- India
Bill Gates visits RBI office in Mumbai, holds discussions with Shaktikanta Das
New Delhi: Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai, where he held wide-ranging discussions with Governor Shaktikanta Das. In a tweet, RBI said…
- India
Banks to remain shut for 12 days in March; Know list of holidays
New Delhi: The Reserve Bank of India (RBI) has announced the bank holidays for March 2023. There are 12 holidays listed by the central bank, including four weekly offs, the second and…
- India
Fixed deposit rates turn positive at 8%, first time in many years
Mumbai: As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by Punjab…
- India
India’s forex reserves decline for third week
Mumbai: India’s foreign exchange reserves declined by USD 5.681 billion to USD 561.267 billion in the week ending on February 17, according to the Reserve Bank of India’s latest data. This is…
- Andhra Pradesh
Rs 100 coin to depict NTR’s face, says Reserve Bank of India
Former chief minister of Andhra Pradesh and Telugu Desam Party (TDP) founder, Nandamuri Taraka Rama Rao (NTR) received a rare honour as the new Rs 100 coin will be designed after him,…
- Business
E-Rupee to be piloted by 5 more banks in 9 more cities soon
Mumbai: Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank…
- India
ED seized Rs 859.15 cr under PMLA in illegal loan apps cases: MoS Finance
New Delhi: The Reserve Bank of India (RBI) has furnished a list of digital lending apps (DLAs) being used by the regulated entities (REs) of RBI to the Ministry of Electronics &…
- India
RBI extends deadline for locker agreements renewal till Dec 31
New Delhi: The Reserve Bank of India (RBI) on Monday extended the deadline for renewal of locker agreements between customers and banks till December 31, 2023. The extension was given by the…
- Business
International regulation needed for crypto activities, says RBI
New Delhi: Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities. In it’s financial stability…
- India
Banks likely to trade with African nations to establish rupee globally
In an effort to establish the rupee as a global currency, banks are reportedly considering starting trade with Bangladesh and African nations like Egypt. The external sector would be protected from exchange…
- India
Why RBI did not appear despite being served notice: Kerala HC
Kochi: The Kerala High Court recently asked why the Reserve Bank of India (RBI) did not appear before it even after being served a notice on pleas challenging the summons issued by…
- India
Will government demonetize Rs 2000 notes? Know Sushil Modi’s proposal
New Delhi: The Rs 2000 currency notes that were introduced after demonetization in 2016 are likely to be phased out gradually. On Monday, BJP MP Sushil Modi demanded that the notes should…
- India
India’s retail inflation hits 11-month low in November
New Delhi: India’s retail inflation rate based on Consumer Price Index declined to 5.88 per cent in November from 6.77 per cent during the previous month, according to data released on Monday…
- India
RBI report on inflation control cant be made public: Union Minister
New Delhi: The Central government cannot make the Reserve Bank of India’s (RBI) report on the reasons for the failure to control the inflation as the RBI Act does not provide for…
- India
RBI to launch first pilot of Digital Rupee on Tuesday
Mumbai: India’s first Digital Rupee pilot project will commence on Tuesday with nine banks, including SBI, HDFC Bank and ICICI Bank, issuing the virtual currency for transactions in government securities. “…the first…
