Reserve Bank of India
- Business
RBI’s forex reserves set to cross $700 bn sooner than expected in FY25
New Delhi: Despite global economic headwinds and deepening geopolitical uncertainties, the forex reserves are at record all-time high levels and are set to cross $700 billion in FY25 sooner than expected. According…
- India
India’s retail inflation rate clocks 3.65 pc in Aug, 2nd lowest in last 5 years
New Delhi: The government on Thursday informed that the year-on-year inflation rate (3.65 per cent), based on the All India Consumer Price Index (CPI), for the month of August was second lowest…
- India
India’s forex reserves up $2.3 billion to touch new high of $683.9 bn
Mumbai: India’s forex reserves increased by $2.299 billion to a new high of $683.98 billion for the week ended August 30, the Reserve Bank of India (RBI) data showed on Friday. For…
- Business
AI can boost Digital Public Infra but poses challenges: RBI chief
Bengaluru: While the integration of AI into financial services brings significant opportunities for customers, banks and regulators, the cutting-edge technology also poses its own set of challenges such as data privacy concerns…
- Business
India offers UPI as a plug-and-play system to other countries
Bengaluru: RBI Governor Shaktikanta Das on Monday offered India’s UPI system as a plug-and-play system for other countries to facilitate quicker and cheaper cross-border remittances among the community of nations. Addressing the…
- Business
PM Modi congratulates RBI Guv for top global rating 2nd time in a row
New Delhi: Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on being rated “A+” for the second time in a row in the ‘Global Finance Central Banker Report Cards…
- India
India records 26 pc jump in FDI flows in first quarter
Mumbai: The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to…
- Business
Exports reviving as lever of India’s growth: RBI
Mumbai: There are signs of a revival of net exports as a lever of India’s growth as after the contraction in 2023- 24, outbound shipments from the country are undergoing an expansion…
- Politics
Banks must raise more deposits, step up lending: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Saturday urged banks to raise more deposits from the public and step up lending for government schemes announced in Budget 2024-25. Addressing the media after…
- India
Bears growl on RBI MPC policy day, Sensex slumps 581 points
Mumbai: India’s equity indices closed lower on Thursday following a hawkish stance by the Reserve Bank of India (RBI) governor on monetary policy. At closing, Sensex fell 581 points, or 0.73 percent,…
- India
RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh
Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday.…
- Business
Sensex, Nifty tumble post RBI monetary policy decision
Mumbai: Equity benchmark indices Sensex and Nifty continued to trade lower on Thursday after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a…
- India
RBI leaves repo rate unchanged to ensure price stability with growth
Mumbai: The RBI on Thursday kept the key policy repo rate unchanged at 6.5 per cent for a ninth consecutive meeting as it continued to maintain a balance between accelerating economic growth…
- Hyderabad
Banks in Hyderabad to observe nine holidays in August
Hyderabad: Banks in the city are set to observe nine holidays in August. However, ATMs and mobile banking will be available during these holidays. In August, banks throughout India, both public and…
- India
India is leading global digital revolution: RBI report
Mumbai: India is leading the global digital revolution, emerging as a frontrunner on the back of its robust digital public infrastructure, a vibrant financial technology (FinTech) ecosystem, and a conducive policy environment…
