Reserve Bank Of India (RBI): News
02 Jan 2024
TataTata Pay gets payment aggregator license: Why it is significant
The Tata Group's digital payments app, Tata Payments, has been granted a payment aggregator (PA) license by the Reserve Bank of India (RBI), reports the Economic Times (ET).
01 Jan 2024
BusinessOver 97% of Rs. 2,000 banknotes returned to system: RBI
The Reserve Bank of India (RBI) has revealed that 97.38% of the Rs. 2,000 currency notes in circulation have been returned to the banking system.
01 Jan 2024
EnvironmentPlanning to invest in green deposits? Key things to know
In April 2023, the Reserve Bank of India (RBI) laid out specific rules for banks and Non-Banking Financial Companies (NBFCs) to accept "green deposits."
31 Dec 2023
Narendra ModiThere will be blasts: Mumbai Police receives threat call
A high alert has been issued in Mumbai, Maharashtra, after the Mumbai Police received a call on Saturday threatening bomb attacks in the city amid New Year celebrations.
29 Dec 2023
BusinessBanks, NBFCs to stop compounding penalties from April 1, 2024
The Reserve Bank of India (RBI) has pushed back the deadline, for implementing updated guidelines on penal interest and penalty charges for loan accounts, by three months.
27 Dec 2023
BusinessIndian banks' asset quality improves to decade's best in September
India's banking sector's asset quality continued to improve in the second quarter of the current financial year, easing to a fresh decadal low.
26 Dec 2023
IndiaIndia's current account deficit narrows to $8.3bn in Q2
India's current account deficit (CAD) experienced a sharp drop to 1% of the nation's gross domestic product (GDP), or $8.3 billion, during the second quarter (July-September) of the 2023-24 fiscal year.
26 Dec 2023
Shaktikanta DasRBI and other banks in Mumbai receive bomb threats
The Mumbai Police said on Tuesday that the Reserve Bank of India (RBI) office in Mumbai, along with HDFC Bank and ICICI Bank branches, received a bomb threat via email.
22 Dec 2023
IndiaIndia's forex reserves jump $9bn to nearly $616bn
India's foreign reserves jumped by $9.11 billion, hitting $615.97 billion for the week ending December 15, according to the Reserve Bank of India (RBI).
20 Dec 2023
Unified Payments Interface (UPI)UPI transactions reach Rs. 17.4 lakh crore this December
Reserve Bank of India (RBI) has disclosed in its monthly bulletin that transactions via Unified Payments Interface (UPI) reached Rs. 17.4 lakh crore in December 2023.
20 Dec 2023
Stock MarketTrends that defined India's stock market in 2023
The year 2023 has been quite a ride for India's stock market. The mid-cap and small-cap stocks have been on a rollercoaster of a rally, stirring up a lot of excitement among investors.
20 Dec 2023
Indian GovernmentIndia's digital transformation in 2023: Advancements in infrastructure and initiatives
The year 2023 marked a digital revolution for India. The Indian government introduced several initiatives under 'Digital India,' to transform the nation's digital landscape.
19 Dec 2023
IndiaUnclaimed deposits with banks rise to Rs. 42,270cr in FY23
Unclaimed bank deposits in India have seen a 28% yearly increase, reaching Rs. 42,270 crore as of March 2023, according to data shared with Parliament on Tuesday.
19 Dec 2023
FinanceRBI restricts lenders from investing in AIFs with debtor links
The Reserve Bank of India (RBI) has declared that regulated entities (REs), such as banks, non-bank lenders, and home financiers, are now forbidden from investing in alternative investment funds (AIFs).
18 Dec 2023
NBFCRBI imposed Rs. 40.4cr penalties on financial institutions in FY23
The Reserve Bank of India (RBI) has slapped financial institutions with penalties totaling Rs. 40.39 crore during the 2022-23 fiscal year, according to Minister of State for Finance Bhagwat Karad.
18 Dec 2023
Personal FinanceSovereign Gold Bond Series III subscription opens: Should you invest
The Reserve Bank of India (RBI) has revealed that the Sovereign Gold Bond (SGB) Scheme Series III for the 2023-2024 fiscal year will be open for subscription from December 18-22.
15 Dec 2023
IndiaIndia's forex reserves reach 4-month high of $607 billion
India's forex reserves have experienced a boost, rising by $2.816 billion to reach a four-month high of $606.859 billion during the week ending December 8.
14 Dec 2023
BusinessRenew bank locker before December 31 deadline: Know the process
The Reserve Bank of India (RBI) has set a deadline for banks to renew locker agreements by December 31, 2023.
08 Dec 2023
Stock MarketBank Nifty hits record high, tracking for biggest weekly gain
The Bank Nifty index soared to an all-time high of 47,303.65 today (December 8).
08 Dec 2023
Shaktikanta DasRBI raises UPI limit for hospitals, education to Rs. 5L
Reserve Bank of India (RBI) Governor Shaktikanta Das, announced two major updates related to the Unified Payments Interface (UPI), during the Monetary Policy Committee (MPC) meeting.
08 Dec 2023
NiftyNifty50 breaches 21,000 for first time as RBI holds rates
In response to the Reserve Bank of India's (RBI) policy moves, the Nifty50 surpassed the 21000 mark for the first time, touching an all-time high of 21,006.10.
08 Dec 2023
Monetary Policy CommitteeRBI keeps repo rate unchanged at 6.5%
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) made a unanimous decision to keep the key lending rate, the repo rate, unchanged at 6.5%.
06 Dec 2023
Monetary Policy CommitteeRBI's 3-day MPC meet begins: What to expect
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting today.
01 Dec 2023
BusinessRBI, Bank of England sign MoU on Clearing Corporation cooperation
The Reserve Bank of India (RBI) and the Bank of England (BoE) have joined forces by signing a Memorandum of Understanding (MoU).
01 Dec 2023
BusinessRBI claims 97% of Rs. 2,000 notes back in system
The Reserve Bank of India (RBI) has announced that 97.26% of Rs. 2,000 banknotes in circulation as on May 19, 2023, have been returned to the system.
30 Nov 2023
BusinessRBI may keep interest rate unchanged for fifth straight time
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to keep the repo rate at 6.5% for the fifth time in a row, reported Moneycontrol citing industry sources.
27 Nov 2023
BusinessFirst tranche of sovereign gold bonds matures on November 30
The Reserve Bank of India (RBI) has revealed the final redemption price for the first batch of Sovereign Gold Bonds (SGBs), which are set to mature on November 30.
24 Nov 2023
Indian Overseas BankRBI imposes penalties on Citibank, BOB, and IOB: Here's why
The Reserve Bank of India (RBI) has slapped Citibank, Indian Overseas Bank (IOB), and Bank of Baroda (BOB), with penalties totaling Rs. 10.34 crore for violating banking regulations.
24 Nov 2023
Indian Rupee (INR)India's forex reserves rise by $5 billion to $595 billion
During the week ending November 17, India's foreign exchange reserves surged by $5.077 billion, reaching a total of $595.397 billion, as per the Reserve Bank of India (RBI).
24 Nov 2023
IndiaIndia to miss divestment targets for 5th consecutive year
India is on track to miss its divestment goals for the fifth consecutive year, with a shortfall of $3.60 billion in 2023/24, as reported by Reuters.
24 Nov 2023
IndiaBanks to raise consumer loan lending rates by 30-40 bps
Lending rates for consumer loans may increase by 30-40 basis points (bps) due to the Reserve Bank of India's (RBI) recent revision of risk weight norms.
21 Nov 2023
IndiaIndia's Q2 GDP likely grew 7%, exceeding MPC's 6.5% forecast
India's economy likely grew 7% in the second quarter (Q2) of the ongoing financial year, research firm ICRA noted on Tuesday.
17 Nov 2023
BusinessRBI's crackdown on unsecured personal loans: How it affects you
Banks have been aggressively pushing tiny unsecured personal loans, below Rs. 10,000. However, this has raised concerns about potential risks.
16 Nov 2023
BusinessCurrency in circulation growth falls to 4.3% from 7.7%: RBI
The Reserve Bank of India (RBI) has observed a decrease in the growth of currency in circulation (CIC), falling to 4.3% from 7.7% last year, due to the removal of Rs. 2,000 denomination banknotes.
16 Nov 2023
IndiaRBI's outright OMO sales touch Rs. 8,385 crore in September
In September, the Reserve Bank of India (RBI) executed open market operation (OMO) sales of government securities totaling Rs. 8,385 crore.
16 Nov 2023
Isha AmbaniRBI approves Isha Ambani, others as directors of Jio Financial
The Reserve Bank of India (RBI) on November 16 approved Isha Ambani, Anshuman Thakur, and Hitesh Kumar Sethia to join the board of directors at Jio Financial Services Ltd.
13 Nov 2023
Consumer Price Index (CPI)Retail inflation drops to 5-month low of 4.87% in October
India's retail inflation rate, as measured by the Consumer Price Index (CPI), dipped to a five-month low of 4.87% in October, according to the Ministry of Statistics and Programme Implementation.
13 Nov 2023
BusinessRBI may set cut-off yield on 10-year bonds at 7.69-7.72%
In a move to raise funds, Indian states are set to conduct a bond sale with maturities ranging from 10 to 30 years.
06 Nov 2023
IndiaRBI may hike rates if oil hits $110: Morgan Stanley
Morgan Stanley notes that the Reserve Bank of India (RBI) may raise interest rates if Brent crude oil prices continue to rise and stay above $110 per barrel.
03 Nov 2023
Federal BankRBI penalizes PNB, Federal Bank for violating KYC norms
RBI has imposed penalties on several entities for non-compliance with regulatory norms.
