Reserve Bank of India
- Business
RBI, Finance Ministry coordination at its best: Shaktikanta Das
Mumbai: The Reserve Bank of India and the Finance Ministry have been on “best terms with excellent coordination and cooperation” over the last six years, outgoing RBI Governor, Shaktikanta Das, said in…
- India
RBI raises limit of collateral-free agriculture loans
Mumbai: The Reserve Bank of India (RBI) has decided to raise the limit for collateral-free agriculture loans from Rs 1.6 lakh to Rs 2 lakh to enhance coverage of small and marginal…
- India
RBI hikes interest rates on NRI foreign currency deposits
Mumbai: The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings. The move…
- India
RBI setting up expert committee for ethical use of AI in financial sector
Mumbai: The RBI has decided to constitute a committee to develop a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector, RBI Governor Shaktikanta Das announced here on…
- Business
RBI leaves repo rate unchanged, cuts GDP forecast
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 percent…
- Business
Three-day RBI MPC meet begins
New Delhi: The three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation. The focus…
- India
Credit card spending in India crosses Rs 2 lakh crore in Oct: RBI data
New Delhi: As the festive season saw robust growth in India across all parameters, credit card spending crossed Rs 2 lakh crore in October, a 14.5 per cent rise from September. According…
- India
RBI Governor Shaktikanta Das hospitalised, central bank issues statement
Chennai: The Reserve Bank of India (RBI) Governor Shaktikanta Das was hospitalised here earlier in the day with a minor health issue. The Central Bank said that “there is no cause for…
- India
Internationalisation of UPI progressing rapidly: RBI
New Delhi: The internationalisation of the unified payments interface (UPI) is progressing rapidly, as India emerges as a world leader in leveraging digital technologies for transformative change, according to a Reserve Bank…
- India
Govt invites applications for RBI Deputy Governor
New Delhi: The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January…
- Business
Rupee moves in narrow range against US dollar in early trade
Mumbai: The rupee witnessed range-bound trade and appreciated by just 1 paisa to 84.06 against the US dollar in initial deals on Monday, weighed down by persistent foreign fund outflows and a…
- Business
Rapid decline in cash transactions as digital payments surge: RBI economist
New Delhi: In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 percent of consumer expenditure (as of March…
- Business
Market Outlook: PMI data, Q2 results and FII data key factors fornext week
New Delhi: The outlook for the market for next week will be guided by the major domestic and global economic data such as India Nikkei S&P Global manufacturing and services PMI data,…
- India
RBI leaves repo rate unchanged
Mumbai: The RBI on Wednesday kept the key policy repo rate unchanged at 6.5 percent for the tenth consecutive meeting as it continued to maintain a balance between accelerating economic growth and…
- Telangana
Are Rs 10 coins valid? SBI launch campaign to clarify concerns
Hyderabad: An awareness campaign on the acceptance of Rs 10 coins was launched by Prakash Chandra Baror, the general manager of Network-II of the State Bank of India, in collaboration with the…
