Reserve Bank of India
- Business
97.87 pc of Rs 2000 banknotes have now been returned: RBI
Mumbai: The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the ₹2000 banknotes that were in circulation as of May 19, 2023, when their withdrawal was announced,…
- India
RBI sees India’s economy shifting from 7 to 8 per cent
Mumbai: There is an increasing evidence of a trend upshift taking shape, which is shifting India’s growth trajectory from the 2003-19 average of 7 per cent to the 2021-24 average of 8…
- Business
Markets hold on to early gains after RBI monetary policy decision
Mumbai: Benchmark equity indices jumped in late morning trade on Friday, extending their rally to the third straight session, after the RBI decided to keep the policy rate unchanged for the eighth…
- India
RBI keeps repo rate unchanged to maintain balance between growth and inflation
Mumbai: The RBI left the key interest rates unchanged in its monetary policy review on Friday as it continues to maintain a balance between economic growth and keeping inflation in check. The…
- Business
Markets climb in early trade ahead of RBI monetary policy decision
Mumbai: Benchmark equity indices climbed in early trade on Friday, taking their rally to the third day running, ahead of the RBI monetary policy decision to be announced later in the day.…
- India
RBI shifts 100 tonnes of gold from vaults in UK to India
New Delhi: The Reserve Bank of India (RBI) has shifted around 100 tonnes of its gold kept in bank vaults in the UK to its own vaults in India in a move…
- Business
RBI to roll out AI-driven system to protect interests of bank customers
Mumbai: In order to protect the interests of customers of banks and NBFCs, the Reserve Bank plans to focus on embedding AI and other related tools in the complaint management system (CMS)…
- India
RBI’s balance sheet rises 11% to Rs 70.47 lakh cr in FY24
Mumbai: The size of Reserve Bank’s balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according…
- Business
RBI sees real GDP growth at 7 pc in FY25
Mumbai: Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday.…
- Business
RBI fines HSBC Ltd for violating norms
Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 36.38 lakh on HSBC Limited for violation of directions on reporting requirements under the Liberalised Remittance Scheme of FEMA.…
- Business
Industry hails RBI’s 3 new initiatives to bolster fintech sector
New Delhi: The fintech industry leaders on Wednesday hailed the three major initiatives of the Reserve Bank of India (RBI) which include the PRAVAAH portal, the Retail Direct Mobile App and a…
- Business
Sensex, Nifty hit all-time peaks after RBI’s highest-ever dividend announcement
Mumbai: Benchmark equity indices rallied on Thursday, with the Sensex and Nifty hitting their lifetime peaks, after the RBI approved the highest-ever dividend of Rs 2.11 lakh crore to the government and…
- India
RBI approves highest-ever dividend of Rs 2.11 lakh crore to govt
Mumbai: The Reserve Bank on Wednesday approved the highest-ever dividend payout of Rs 2.11 lakh crore to the central government for 2023-24, a decision which will help better manage the fiscal deficit.…
- Business
Zomato to surrender RBI licence to operate as online payment aggregator
New Delhi: Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to…
- Business
RBI lifts ban on Bank of Baroda’s BoB World
Mumbai: Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app. The bank…
