Reserve Bank Of India (RBI): News
10 Aug 2023
BusinessRBI to simplify floating-to-fixed rate conversion for loan borrowers
The Reserve Bank of India (RBI) plans to introduce a simpler and more transparent framework to allow borrowers to switch from floating to fixed interest rates. This will provide relief for those struggling with high rates on home, auto, and other loans.
10 Aug 2023
Unified Payments Interface (UPI)UPI to support AI-powered conversational payments: How it will work
The Reserve Bank of India (RBI) is exploring the use of artificial intelligence (AI) for conversational payments on the Unified Payments Interface (UPI).
10 Aug 2023
Monetary Policy CommitteeRBI keeps repo rate unchanged at 6.5% for third time
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has opted to maintain the key repo rate at 6.5%, marking the third consecutive time this decision has been made.
09 Aug 2023
InflationAfter tomato, onion prices likely to hurt pockets
Indian households are likely to feel the pressure of an inflationary spell as onion prices are soaring due to tightening supplies.
08 Aug 2023
CryptocurrencyHow Odisha Police busted Rs. 1,000 crore cryptocurrency scam
The Odisha Police has reportedly busted a cryptocurrency investment scam worth Rs. 1,000 crore and arrested two suspects, including the head of Solar Techno Alliance (STA) Crypto Token, Gurtej Singh Sidhu.
17 Jul 2023
BusinessPension for retired RBI employees increased after 4 years
The central government has permitted the revision of pension for retired Reserve Bank of India (RBI) employees, reported Mint.
16 Jul 2023
Narendra ModiModi signs India-UAE trade pact, MoU to establish IIT-Delhi campus
Prime Minister Narendra Modi on Saturday concluded his visit to the United Arab Emirates (UAE), where he met its ruler and UAE President Sheikh Mohamed bin Zayed Al Nahyan and signed crucial agreements.
13 Jul 2023
HDFC BankHDFC becomes first to introduce CBDC-UPI interoperability: How it works
It hasn't been that long since the Reserve Bank of India rolled out the wholesale and retail versions of Central Bank Digital currency (CBDC) or digital rupee.
27 Jun 2023
Gross Domestic ProductIndia's current account deficit shrinks sharply to 0.2% of GDP
India's current account deficit (CAD) fell to $1.3 billion or 0.2% of the Gross Domestic Product (GDP) in the fourth quarter of the fiscal year 2022-23, per the Reserve Bank of India (RBI).
27 Jun 2023
InflationWhy tomato prices doubled in days reaching Rs. 100/kg
Tomato prices have skyrocketed within days to touch Rs. 100 per kg in many parts of the country, raising inflation concerns for millions of households and the Reserve Bank of India (RBI).
26 Jun 2023
Shaktikanta DasNo negative impact of Rs. 2,000 notes' withdrawal: RBI governor
The withdrawal of Rs. 2,000 currency notes that the Reserve Bank of India (RBI) announced last month will have no negative impact on the economy, RBI Governor Shaktikanta Das said on Monday.
18 Jun 2023
RTI ActRBI denies disappearance claims of Rs. 500 notes worth crores
The Reserve Bank of India (RBI) dismissed a report on Saturday that talked about the alleged "mysterious disappearance of Rs. 500 notes" approximately worth "Rs. 88,032.5 crore."
08 Jun 2023
RuPayRBI allows RuPay Prepaid Forex card: Know how it works
Indians traveling abroad will soon have another option to make payments-RuPay Prepaid Forex card.
08 Jun 2023
Shaktikanta DasHalf of Rs. 2,000 notes deposited, exchanged so far: RBI
Around 50% of the total Rs. 2,000 currency notes have been deposited or exchanged so far, according to the Reserve Bank of India (RBI).
08 Jun 2023
Monetary Policy CommitteeReserve Bank keeps repo rate unchanged at 6.5%
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday made the official decision to keep the repo rate unchanged at 6.5%, news agency ANI quoted RBI Governor Shaktikanta Das as saying.
31 May 2023
GoogleGoogle imposes new rules on personal loan apps in India
Predatory lending by loan apps has been a major issue in India. There have been calls to deal with lenders that harass borrowers.
30 May 2023
IndiaRBI unveils new lightweight payment system: Why is it needed
Once a cash-based economy, India has evolved as one of the leaders in digital payments.
23 May 2023
Shaktikanta DasYou can start exchanging your Rs. 2,000 notes from today
Anticipating a rush to exchange Rs. 2,000 notes, which begins on Tuesday, numerous banks have reportedly set up dedicated counters, people to manage queues, and enough inventory of lower denomination banknotes.
22 May 2023
Indian GovernmentRs. 2,000 note withdrawal: Debunking all myths, revealing facts
The Reserve Bank of India (RBI) recently announced the withdrawal of Rs. 2,000 currency notes, leading to a wave of confusion and misconceptions.
22 May 2023
Shaktikanta DasDon't rush to exchange Rs. 2,000 notes: RBI governor
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday there was no need to panic over the withdrawal of Rs. 2,000 notes.
21 May 2023
State Bank of India (SBI)No forms, documents needed to exchange Rs. 2,000 notes: SBI
The State Bank of India (SBI) has informed its branches that no form or identity proof documents are required to exchange Rs. 2,000 notes, which the Reserve Bank of India (RBI) withdrew from circulation on Friday.
20 May 2023
Krishnamurthy SubramanianWhy Rs. 2,000 note withdrawal is important, IMF expert explains
Dr. Krishnamurthy Subramanian, the executive director for India at the International Monetary Fund (IMF), has hailed the decision of the Reserve Bank of India (RBI) to scrap the circulation of Rs. 2,000 currency notes.
19 May 2023
IndiaRBI to withdraw Rs. 2,000 currency note from circulation
The Reserve Bank of India (RBI) has instructed banks to cease issuing Rs. 2,000 denomination banknotes with immediate effect. It, however, stated that the banknotes in the Rs. 2,000 denomination will continue to be legal tender.
18 May 2023
Indian GovernmentInternational credit card spending attracts 20% TCS: What it means
Using credit cards on overseas holidays or business trips is about to become more expensive. Do you know why?
21 Apr 2023
MaharashtraBanks decline coins from Shirdi's Saibaba temple citing space crunch
Banks are reportedly struggling to accommodate the huge amount of coins received by Shirdi's Saibaba temple as donations in Maharashtra.
12 Apr 2023
Ajit PawarMSC Bank scam: ED chargesheet drops NCP's Ajit Pawar, wife
The Enforcement Directorate (ED) has filed a chargesheet against the Maharashtra State Cooperative (MSC) Bank in a multi-crore money laundering case, naming a company linked to former Maharashtra deputy chief minister and Nationalist Congress Party (NCP) leader Ajit Pawar.
09 Apr 2023
AadhaarAadhaar Enabled Payment System: Features and how to use explained
Aadhaar Enabled Payment System (AePS) is a type of digital payment method based on the Unique Identification Number (UIN).
07 Apr 2023
MumbaiRBI's retail digital rupee is now live in 4 cities
On December 1, 2022, the Reserve Bank of India (RBI) launched the retail digital rupee (eRs-R) on a pilot basis in India. The pilot of RBI's Central Bank Digital Currency (CBDC) involved a closed group of banks and cities.
07 Apr 2023
Unified Payments Interface (UPI)RBI shelves NUE, the UPI rival project: Here's why
The Reserve Bank of India (RBI) has shelved its project to create an alternative for the Unified Payment Interface (UPI).
06 Apr 2023
Unified Payments Interface (UPI)Your UPI account will soon work like a credit card
The Reserve Bank of India's (RBI) bi-monthly Monetary Policy Committee (MPC) meeting was packed with surprises this time.
06 Apr 2023
Repo RateAfter six hikes, RBI keeps repo rate unchanged at 6.5%
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) stopped its rate-hike cycle to keep the repo rate unchanged at 6.5%, RBI Governor Shaktikanta Das announced on Thursday.
03 Apr 2023
IndiaOPEC+ cuts oil output: Know its impact on India
A surprise cut in oil output by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, or OPEC+, has sent the global market into a frenzy.
27 Mar 2023
Monetary Policy CommitteeRBI may pause interest hikes, keep 6.5% terminal repo rate
The Reserve Bank of India (RBI) is likely to pause interest rate hikes in the next Monetary Policy Committee (MPC) meeting in April, said State Bank of India (SBI) Research, per ANI.
17 Mar 2023
IndiaCredit Suisse's crisis is more relevant to India: Know how
The global financial system is going through a tough time. On the one hand, we have Silicon Valley Bank and on the other, we have Credit Suisse.
13 Mar 2023
United States of AmericaBank Run: The problem that triggered Silicon Valley Bank collapse
Last week, the US government shut down Silicon Valley Bank as it failed to raise funds for functioning.
13 Mar 2023
IndiaHere's how you can exchange torn or damaged currency notes
Your mutilated banknotes are still exchangeable!
08 Mar 2023
CryptocurrencyGovernment imposes anti-money laundering provisions on cryptocurrency, virtual assets
In the latest blow to the cryptocurrency sector in the country, the Indian government has imposed money laundering provisions on the industry.
07 Mar 2023
National Company Law TribunalNCLT gives nod to Suraksha Group to buy Jaypee Infratech
The National Company Law Tribunal (NCLT) has approved Mumbai-based Suraksha Group's bid to buy Jaypee Infratech Limited (JIL) six years after it entered the insolvency process in 2017, PTI reported.
28 Feb 2023
IndiaIndia's Q3 GDP growth declines to 4.4% amid high inflation
India's GDP (gross domestic product) growth for the third quarter of the current fiscal slowed down. Per data released by the National Statistical Organization (NSO), the GDP growth for Q3 FY23 came in at 4.4%, compared to 6.3% in Q2.
21 Feb 2023
Unified Payments Interface (UPI)India's UPI makes global debut in partnership with Singapore's PayNow
Starting today, cross-border payments between India and Singapore are going to get easier. The Unified Payment Interface (UPI) of India and Singapore's PayNow will be linked to enable faster cross-border remittances.
