Reserve Bank of India
- Business
Forex kitty drops USD 5.40 billion to USD 643.16 billion
Mumbai: India’s forex reserves dropped by USD 5.401 billion to USD 643.162 billion for the week ended April 12, the Reserve Bank said on Friday. The overall reserves increased by USD USD…
- Business
Banks must provide simple KFS to borrowers on terms of loans: RBI
Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they…
- India
RBI retains GDP growth projection at 7 pc for FY25
Mumbai: The RBI on Friday retained the GDP growth projection at 7 per cent for 2024-25 fiscal on the back of expectations of a normal monsoon, moderating inflationary pressures, and sustained momentum…
- Top Stories
RBI retains repo rate at 6.5 pc
Chennai: Not belying the expectations of senior economists, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent. The repo rate is the rate…
- Business
Markets fall in early trade ahead of RBI policy announcement; Sensex tumble nearly 200 points
Mumbai: Benchmark equity indices Sensex and Nifty retreated from their record peaks and traded lower in early trade on Friday as investors turned cautious ahead of RBI’s interest rate decision, amid muted…
- Top Stories
97.69 pc of Rs 2000 banknotes have been returned: RBI
Mumbai: The RBI said in its currency update on Monday that 97.69 per cent of the Rs 2000 banknotes in circulation have now been returned. “The total value of Rs 2000 banknotes…
- Business
Govt to sell bonds worth Rs 38,000 cr via RBI’s multiple price auction method
New Delhi: The Finance Ministry on Monday announced the sale of Rs 38,000 crore worth of government bonds through the Reserve Bank of India’s new multiple price auction method. These include (i)…
- Photos
Photos: RBI’s 90th year celebration event
Mumbai: Prime Minister Narendra Modi with Maharashtra Governor Ramesh Bais, Union Finance Minister Nirmala Sitharaman, Chief Minister Eknath Shinde, Union Ministers of State for Finance Bhagwat Kishanrao Karad and Pankaj Chaudhary, Deputy…
- News
Facility to exchange, deposit Rs 2000 notes not available on Apr 1: RBI
Mumbai: The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank…
- India
India’s CAD dips to USD 10.5 billion in October-December: RBI
New Delhi: India’s current account deficit declined to USD 10.5 billion or 1.2 per cent of the GDP in October-December quarter from USD 11.4 billion in the previous three months and USD…
- News
RBI directs all Agency Banks to remain open on March 31
Mumbai: The Reserve Bank of India (RBI) on Wednesday issued an order for all branches of banks dealing with government receipts and payments to remain open on March 31, which is a…
- Business
India’s forex reserves scale two-year high of $636.1 billion
Mumbai: India’s foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI…
- Business
Paytm Payments Bank ban: Key changes come into effect post March 15
New Delhi: As the Reserve Bank of India’s (RBI) deadline to ban Paytm Payments Bank Limited (PPBL) ends on Friday, here are key changes for millions of Paytm users and merchants that…
- Business
RBI slaps fines on Bank of India & Bandhan Bank for breach of rules
Mumbai: The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday. A penalty of Rs 1,40,76,000…
- News
RBI restricts IIFL finance from gold loans due to supervisory concerns
Mumbai: The Reserve Bank of India on Monday, March 4 barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its gold…
