Reserve Bank of India
- 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…
- Business
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watchnext week
New Delhi: The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi…
