Reserve Bank Of India (RBI): News
18 Dec 2024
Donald TrumpIndian rupee plummets to record low, nears 85 per USD
The Indian rupee has witnessed a sharp fall, hitting an all-time low of 84.94 against the US dollar on December 18. The fall is just six paise shy of the 85 mark, hinting at further decline.
13 Dec 2024
Arvind Kejriwal'Will blow up bank': RBI receives bomb threat in Russian
The Reserve Bank of India (RBI) in Mumbai has once again been targeted with a bomb threat, the second such incident in less than a month.
10 Dec 2024
Shaktikanta DasKey decisions that marked Shaktikanta Das's tenure as RBI Governor
Shaktikanta Das, the 25th Governor of the Reserve Bank of India (RBI), has been a beacon of decisive leadership amid the worst economic challenges.
10 Dec 2024
US DollarsIndian rupee plunges to lifetime low of 84.80 against USD
The Indian rupee plunged sharply on December 10, hitting an all-time low of 84.80 against the US dollar. This beats the previous record low of 84.7575 set only last week.
09 Dec 2024
Sanjay MalhotraModi government appoints Sanjay Malhotra as new RBI Governor
Sanjay Malhotra, a veteran bureaucrat and a 1990-batch IAS officer, has been appointed as the new Governor of the Reserve Bank of India (RBI).
09 Dec 2024
DelhiWill Shaktikanta Das continue as RBI Governor? Decision expected soon
The Indian government is all set to announce its decision on the appointment of a new Reserve Bank of India (RBI) governor or the extension of incumbent Governor Shaktikanta Das's term.
08 Dec 2024
HDFC BankTop 6 Indian companies add ₹2L crore to market cap
The cumulative market valuation of six of the top 10 most-valued Indian companies, saw a major jump last week.
08 Dec 2024
International Monetary FundIndia's forex reserves surge $1.51B to $658B, reversing previous declines
India's foreign exchange (forex) reserves surged by a whopping $1.51 billion to $658.091 billion for the week ending November 29, data released by the Reserve Bank of India (RBI) showed.
06 Dec 2024
Ministry Of Home AffairsMeet MuleHunter AI, RBI's solution to rising mule account fraud
The Reserve Bank of India Innovation Hub (RBIH), a wholly-owned subsidiary of the Reserve Bank of India (RBI), has launched MuleHunter AI, an advanced artificial intelligence and machine learning model.
06 Dec 2024
BusinessNRIs can now earn 2x interest on deposits in India
The Reserve Bank of India (RBI) has announced a major hike in the interest rate cap on Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
06 Dec 2024
InflationRBI lowers FY25 GDP growth forecast from 7.2% to 6.6%
The Reserve Bank of India (RBI) has lowered its growth projection for India's Gross Domestic Product (GDP) for the fiscal year 2025.
05 Dec 2024
Unified Payments Interface (UPI)UPI's evolution in 2024: New features, global reach, and more
The Unified Payments Interface (UPI) has solidified its dominance in 2024, transforming the way India handles digital transactions.
04 Dec 2024
Lok SabhaHow Banking Laws (Amendment) Bill impacts consumers and finance sector
The Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024.
03 Dec 2024
Indian GovernmentIs RBI Governor Shaktikanta Das staring at an exit?
The future of Reserve Bank of India (RBI) Governor Shaktikanta Das is under the scanner amid one of the biggest GDP growth misses in recent Indian history.
02 Dec 2024
Donald TrumpIndian Rupee hits all-time low against US Dollar
The Indian Rupee (INR) has hit a record low against the US Dollar, sliding 13p to reach 84.73 today.
26 Nov 2024
Shaktikanta DasRBI Governor Shaktikanta Das hospitalized: Check latest on his health
RBI Governor Shaktikanta Das has been hospitalized at Apollo Hospital in Chennai due to health concerns related to acidity.
25 Nov 2024
ParliamentCounterfeit ₹500 notes up 300% in India over 5 years
The Finance Ministry has revealed a shocking rise in the circulation of counterfeit ₹500 notes in India. In the last five years, there has been a whopping 317% rise in these fake notes.
25 Nov 2024
World BankWhy S&P has lowered India's growth targets for FY26, FY27
S&P Global Ratings has kept its GDP growth forecast for India unchanged at 6.8% for fiscal year 2024-25.
19 Nov 2024
Shaktikanta DasRBI warns against deepfakes showing Governor Das endorsing investment schemes
The Reserve Bank of India (RBI) has issued a warning regarding the circulation of deepfake videos featuring its Governor, Shaktikanta Das.
18 Nov 2024
Amazon Web ServicesRBI launching cloud service to rival AWS, Azure in 2025
The Reserve Bank of India (RBI) is gearing up to launch a one-of-a-kind cloud platform in 2025. The initiative, a first for any major global central bank, will utilize local IT companies.
14 Nov 2024
Shaktikanta DasHow RBI Governor responded to commerce minister's rate cut call
Union Commerce Minister Piyush Goyal urged the Reserve Bank of India to "definitely cut interest rates" while speaking at the CNBC-TV18 Global Leadership Summit on Thursday.
13 Nov 2024
National Stock ExchangeNifty officially enters correction zone: Is this a buying opportunity?
The National Stock Exchange's (NSE) Nifty 50 index has officially entered correction territory, marking a major slump in India's financial market.
12 Nov 2024
Indian Rupee (INR)Indian Rupee hits record low over Dollar rally, equity outflows
The Indian Rupee hit a historic low today, largely owing to the US Dollar's rally and expected outflows from domestic equities.
12 Nov 2024
InflationRetail inflation in October touches 14-month high of 6.21%
India's retail inflation, measured by the Consumer Price Index (CPI), hit a 14-month high of 6.21% in October.
08 Nov 2024
Donald TrumpUS Fed reduces rates as Trump's victory brings policy uncertainties
The US Federal Reserve has announced a 25 basis points reduction in interest rates, the second such cut in 2024.
07 Nov 2024
Donald TrumpIndian rupee hits lifetime low as Trump's win boosts USD
Despite intervention from the Reserve Bank of India (RBI), the Indian rupee (INR) has hit a historic low against the US dollar (USD).
06 Nov 2024
Indian EconomyIndia's services sector soars in October, hiring at 2-year high
India's services sector has shown remarkable growth in October, after a minor slowdown in September.
06 Nov 2024
Shaktikanta DasRBI Governor says India's digital currency still in 'experimental stage'
Reserve Bank of India (RBI) Governor Shaktikanta Das has reiterated that the Central Bank Digital Currency (CBDC) remains experimental.
05 Nov 2024
CybercrimesDigital Arrest scam: How to quickly identify fake warrants, notices
India has seen a major rise in digital arrest scams lately, with fraudsters duping unsuspecting people.
02 Nov 2024
Stock MarketForeign investors pulled out $12 billion from India between April-June
The repatriation of earnings by foreign entities, including portfolio investors and private equity firms, has witnessed a sharp rise in the April-June quarter.
01 Nov 2024
International Monetary FundIndia's forex reserves decline to $684.8 billion in October
India's foreign exchange (forex) reserves have declined by $3.4 billion, reaching $684.8 billion as of October 25, the Reserve Bank of India (RBI) data showed.
01 Nov 2024
Unified Payments Interface (UPI)Auto top-up for UPI Lite now live: How to use
Unified Payments Interface (UPI) Lite users are in for two major updates that will make their digital payment experience even better.
01 Nov 2024
Bombay Stock Exchange (BSE)Diwali holidays: Are banks closed on November 1 and 2
Diwali celebrations in 2024 have resulted in different bank holiday schedules across India.
30 Oct 2024
Indian GovernmentIndia's fiscal deficit narrows to ₹4.75L crore in H1 FY25
India's fiscal deficit for the first half of the ongoing financial year (April-September) has been pegged at ₹4.75 lakh crore, or 29.4% of annual estimates. This is a notable decline from last year's 39.3%.
29 Oct 2024
JioThis Jio Financial-subsidiary can now operate as online payment aggregator
Jio Payment Solutions Limited (JPSL), a fully-owned subsidiary of Jio Financial Services, has received the Reserve Bank of India's (RBI) nod to operate as an online payment aggregator.
27 Oct 2024
Shaktikanta DasRBI Governor bags top central banker award 2 years back-to-back
Reserve Bank of India (RBI) Governor, Shaktikanta Das, has been awarded an A+ grade in the Central Bank Report Cards 2024.
23 Oct 2024
PaytmAfter 8-month freeze, Paytm can now onboard new UPI users
Paytm, one of India's leading financial services companies, has received the green signal from the regulator to resume onboarding of new Unified Payments Interface (UPI) users.
22 Oct 2024
Sachin BansalWhy RBI has barred Sachin Bansal's Navi Finserv from lending
The Reserve Bank of India (RBI) has cracked the whip on Flipkart founder Sachin Bansal's Bengaluru-based non-bank lender Navi Finserv.
21 Oct 2024
Indian Rupee (INR)Indian Rupee hits record low against Dollar: What's fueling downturn?
The Indian Rupee (INR) hit a historic low in its closing value today, ending at 84.0725 against the US Dollar (USD).
18 Oct 2024
BlinkitZomato considers raising ₹8,500 crore through institutional share sale
Leading food delivery platform Zomato is scheduled to hold a board meeting on October 22.
16 Oct 2024
Shaktikanta DasIndia's gold reserves surge over 210% in 6 years
India's gold reserves have jumped by a whopping 211% since Shaktikanta Das took over as RBI governor in December 2018.
14 Oct 2024
InflationIndia's retail inflation rises sharply to 5.49%, surpasses RBI's target
India's retail inflation has spiked sharply, touching 5.49% on an annual basis in September. The key economic parameter now stands at a nine-month high.
14 Oct 2024
InflationInflation: Food prices rise 9.5% year-on-year in September
India's Wholesale Price Index (WPI) based inflation has risen to 1.84% in September.
14 Oct 2024
Shaktikanta DasRBI Governor Shaktikanta Das warns of over-reliance on AI
Reserve Bank of India (RBI) Governor Shaktikanta Das has raised alarms over the growing reliance on artificial intelligence (AI) in the financial sector.
11 Oct 2024
Indian Rupee (INR)Indian rupee drops to lifetime low against US dollar
The Indian rupee (INR) has witnessed a sharp fall, breaching the 84 mark against the US dollar for the first time ever today.
09 Oct 2024
Securities and Exchange Board of IndiaZerodha wants banking license but was turned down: Nikhil Kamath
India's second-largest stock broker, Zerodha, has tried to get a banking license but was turned down. The company's co-founder Nikhil Kamath revealed the news.
09 Oct 2024
Climate ChangeRBI to establish climate risk information system for financial institutions
The Reserve Bank of India (RBI) has announced plans to develop a data repository for financial institutions, one that will specifically be used to monitor climate-related risks.
09 Oct 2024
Consumer Price Index (CPI)Repo rate unchanged: How it impacts your home loan EMI?
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the 10th consecutive time.
09 Oct 2024
Shaktikanta DasPer transaction limit for UPI Lite hiked to ₹1,000
The Reserve Bank of India (RBI) has increased the per transaction limit for UPI Lite from ₹500 to ₹1,000. This is part of the central bank's plan to encourage wider adoption of digital payments.
02 Oct 2024
Jawaharlal NehruHow Mahatma Gandhi became the face of Indian currency notes
Mahatma Gandhi's face on Indian currency is something we all recognize, but did you know he wasn't the first pick for this honor?
01 Oct 2024
Indian EconomyIndia's manufacturing growth hits 8-month low in September
India's manufacturing sector is feeling the pinch, hitting an eight-month low in September.
30 Sep 2024
IndiaIndia's fiscal deficit stands at ₹4.35 lakh crore from April-August
India's fiscal deficit from April to August 2024 stood at ₹4.35 lakh crore, accounting for 27% of the yearly estimate, according to government data released today.
28 Sep 2024
IndiaFossil fuel dominance in electricity generation ending by 2030: RBI
The Reserve Bank of India (RBI) has made an exciting prediction about India's electricity generation by the end of this decade.
27 Sep 2024
Indian EconomyRBI poised to cut interest rate starting December: UBS report
The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to initiate a reduction in interest rate from December this year, as per a report by UBS.
18 Sep 2024
Monetary Policy CommitteeSBI Chairman explains why RBI won't cut rates in 2024
The Reserve Bank of India (RBI) is not expected to reduce the benchmark policy rate (repo rate) this year due to uncertainties surrounding food inflation, according to State Bank of India (SBI) Chairman CS Setty.
15 Sep 2024
Indian GovernmentModi government may form panel to regulate online gaming platforms
The Indian government is considering the establishment of an inter-departmental committee, to regulate online gaming platforms.
15 Sep 2024
BusinessRBI to overhaul currency management infrastructure over next 5 years
The Reserve Bank of India (RBI) has announced plans to significantly overhaul its currency management infrastructure within the next four to five years.
14 Sep 2024
BusinessRBI levies up to ₹23L fines on 3 NBFCs
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs), for regulatory violations and non-adherence to RBI directives.
12 Sep 2024
PaytmPaytm founder pledges profitability and regulatory compliance at AGM
Paytm's founder, Vijay Shekhar Sharma, has emphasized the company's commitment to achieving profitability and meeting regulatory compliance during its Annual General Meeting (AGM) on Thursday.
12 Sep 2024
HDFC BankRBI warns HDFC Bank on recovery practices, fines ₹1 crore
The Reserve Bank of India (RBI) has imposed a fine of ₹1 crore on HDFC Bank for violating guidelines concerning the behavior of recovery agents.
09 Sep 2024
MobikwikWhy MobiKwik has discontinued instant withdrawals in P2P lending
MobiKwik Xtra, a peer-to-peer (P2P) lending investment product, has suspended its 'anytime withdrawal' feature.
07 Sep 2024
HDFC BankYour EMIs on loans from HDFC Bank may go up
HDFC Bank has announced an increase in the marginal cost of funds-based lending rate (MCLR) for a three-month tenure by five basis points.
07 Sep 2024
IndiaIndia's private credit market touches $6bn in H1 2024
India's private credit market experienced a significant surge in the first half of 2024 (H1 CY2024), with investments reaching $6 billion, according to a report by EY.
04 Sep 2024
National Payments Corporation of IndiaNew UPI feature lets you deposit cash directly at ATMs
The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have jointly launched a new feature called UPI Interoperable Cash Deposit (UPI-ICD).
03 Sep 2024
World BankWorld Bank raises India's growth forecast to 7% for FY25
The World Bank has revised India's growth forecast for the fiscal year 2025, raising it from an initial projection of 6.6% to a more optimistic figure of 7%.
