Reserve Bank Of India (RBI): News
02 Sep 2024
InflationWhat changes for you when central banks cut interest rates
Central banks worldwide are preparing for a significant shift in fiscal policy, with plans to reduce interest rates this fall.
02 Sep 2024
IndiaIndia's manufacturing activity growth dips to 3-month low in August
India's manufacturing sector has experienced a slowdown in growth, hitting a three-month low of 57.5 in August due to significantly reduced demand.
01 Sep 2024
Gross Domestic ProductSBI lowers FY25 forecast as Q1 growth falls below expectations
India's Gross Domestic Product (GDP) growth for the first quarter of the fiscal year 2024-25 has slowed down to 6.7%, the lowest in the last five quarters.
31 Aug 2024
Business15 bank holidays in September: Check state-wise list here
In September 2024, banks across various states in India will remain closed for a total of 15 days.
31 Aug 2024
Shaktikanta DasRBI Governor reveals reasons behind India's Q1 FY25 growth slowdown
Reserve Bank of India (RBI) Governor Shaktikanta Das, has addressed the first quarter growth figures for the current financial year.
30 Aug 2024
Gross Domestic ProductIndia's Q1FY25 GDP growth decelerates to 5-quarter low at 6.7%
India's gross domestic product (GDP) growth for the first quarter (April-June) of the current financial year 2024-25 has dipped to a five-quarter low of 6.7%, government data released on Friday has revealed.
30 Aug 2024
International Monetary FundIndia's forex reserves reach record high of $681 billion
India's foreign exchange reserves have reached a new peak of $681.69 billion as of August 23, marking an increase of $7.02 billion, according to data from the Reserve Bank of India (RBI).
30 Aug 2024
CybersecurityBeware of RBI scams! Fraudsters impersonating officials to deceive victims
The Reserve Bank of India (RBI) has issued a public warning about an alarming rise in fraudulent activities.
30 Aug 2024
LGBTQ+LGBTQ+ individuals can open joint bank accounts: Finance Ministry
The Finance Ministry has said that there are no restrictions on LGBTQ+ individuals opening joint bank accounts.
26 Aug 2024
PaytmSEBI issues notices to Paytm founder, directors over IPO violations
The Securities and Exchange Board of India (SEBI) has served show-cause notices to Vijay Shekhar Sharma, the founder of One 97 Communications Ltd (Paytm's parent company), and several board members.
26 Aug 2024
US DollarsINR depreciates 0.60% in current FY, lags behind Asian peers
The Indian Rupee (INR) has experienced a significant depreciation compared to other Asian currencies in the current fiscal year (FY).
26 Aug 2024
Shaktikanta DasRBI announces Unified Lending Interface for seamless credit access
Reserve Bank of India (RBI) Governor Shaktikanta Das, has announced a new technological platform called the Unified Lending Interface (ULI).
24 Aug 2024
State Bank of India (SBI)RBI approves SBI MF's 9.99% stake in Karur Vysya Bank
The Reserve Bank of India (RBI) has approved a proposal by SBI Mutual Fund (SBI MF) to acquire a stake of up to 9.99% in Karur Vysya Bank (KVB), per CNBC-TV18.
21 Aug 2024
Shaktikanta DasRBI Governor Shaktikanta Das ranked world's best central banker again
Reserve Bank of India (RBI) Governor, Shaktikanta Das, has been recognized as the world's leading central banker for the second year in a row by Global Finance magazine.
19 Aug 2024
BusinessRBI's net forex sales reach $2.11 billion in June
The Reserve Bank of India (RBI) has reported a net sale of $2.11 billion in the spot foreign exchange market for June, according to its monthly bulletin released today.
12 Aug 2024
Indian Rupee (INR)Indian rupee closes at record low of 83.97 against USD
The Indian Rupee experienced a significant drop on Monday, closing at its lowest level ever.
12 Aug 2024
InflationIndia's retail inflation cools to 3.5%, lowest in 5 years
India's retail inflation has experienced a significant decrease, reaching a near five-year low of 3.5% in July.
08 Aug 2024
Shaktikanta DasSoon, your bank check will clear within hours, says RBI
The Reserve Bank of India (RBI) has announced a significant modification to the check-clearing process, with the aim of reducing clearance time to just a few hours.
08 Aug 2024
Repo RateNow you can let your friends use your UPI account
The Reserve Bank of India (RBI) has introduced a new feature for Unified Payments Interface (UPI) users, known as "delegated payments."
08 Aug 2024
Consumer Price Index (CPI)RBI keeps repo rate steady at 6.5%
The Reserve Bank of India (RBI) has announced its decision to maintain the repurchase rate (repo rate) at 6.5%.
06 Aug 2024
IndiaBank loans worth ₹9.9L crore written off in 5 years
Indian banks have written off an enormous sum of ₹9.90 lakh crore in loans over the past five fiscal years, as reported by Pankaj Chaudhary, Minister of State for Finance.
03 Aug 2024
Indian GovernmentForeign investment in Indian government securities surpasses $9B in 2024
Foreign investment in Indian government securities (G-secs) via the fully accessible route (FAR), has exceeded $9 billion within the first seven months of this year.
01 Aug 2024
CybersecurityWhich ransomware crippled 300 Indian banks
A significant ransomware attack has disrupted the operations of nearly 300 Indian banks, mainly affecting rural and cooperative institutions.
29 Jul 2024
Amazon PayAmazon Pay, Adyen, BillDesk secure RBI's cross-border payment license
Three major payment companies, Amazon Pay, Adyen and Mumbai-based BillDesk have obtained the cross-border payment aggregator license from the Reserve Bank of India (RBI).
29 Jul 2024
Web SeriesRBI announces 5-episode web series to mark 90-year milestone
The Reserve Bank of India (RBI) will launch a five-episode web series, celebrating its 90-year journey.
29 Jul 2024
CybercrimesData breach costs in India skyrocket to $2.18m, RBI reports
The Reserve Bank of India (RBI) has reported a significant surge in the average cost of data breaches in the country, reaching $2.18 million in 2023.
23 Jul 2024
Nirmala SitharamanKey numbers to watch out for in Union Budget today
Finance Minister Nirmala Sitharaman will present her seventh consecutive budget, a plan that aims to chart India's path toward development by 2047, at 11:00am on Tuesday.
22 Jul 2024
Unified Payments Interface (UPI)How RBI works with other countries to make UPI global
The Reserve Bank of India (RBI) is partnering with multiple countries, to globalize the Unified Payments Interface (UPI), as revealed in the Economic Survey 2023-2024.
19 Jul 2024
Andhra PradeshBudget 2024: What economic analysts expect from Modi government
Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 in the Lok Sabha on July 23.
14 Jul 2024
Jagannath TemplePuri Jagannath Temple's 'Ratna Bhandar' reopens after 46 years
The 'Ratna Bhandar,' a treasury of the 12th-century Jagannath temple in Puri, Odisha, reopened on Sunday at 1:28pm after being closed for 46 years.
12 Jul 2024
IndiaIndia's forex reserves up $5B in first week of July
India's foreign exchange reserves have seen a substantial surge of $5.158 billion, reaching a total of $657.155 billion for the week ending July 5, according to the Reserve Bank of India (RBI).
12 Jul 2024
IndiaIndia's retail inflation touches 5-month high of 5.1% this June
India's retail inflation rose to 5.08% in June, marking the first increase in five months, according to government data. This exceeds the previous month's 12-month low of 4.75%.
12 Jul 2024
Reliance IndustriesJio Financial becomes core investment company. What changes for you?
Jio Financial Services Ltd has secured approval from the Reserve Bank of India (RBI) to transition from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC).
11 Jul 2024
GujaratIndians can now hold foreign currency in GIFT City
Indian residents have been granted permission to open foreign currency accounts in GIFT City, under the Liberalised Remittance Scheme (LRS) presented by the Reserve Bank of India (RBI).
08 Jul 2024
CitibankIndia's job growth rate doubles to 6% in FY24
India provisionally added 46.7 million jobs in the financial year ending March 2024, as per a report by the Reserve Bank of India (RBI) released on Monday.
25 Jun 2024
IndiaIndia's external debt climbs to $663.8 billion in March 2024
India's external debt has seen a significant rise, reaching $663.8 billion at the end of March 2024, as per a statement released by the Reserve Bank of India (RBI) today.
24 Jun 2024
Shaktikanta DasIndia's foreign gold reserves hit lowest level in 6 years
India's overseas gold reserves have hit a six-year low, with the Reserve Bank of India (RBI) transferring large quantities of the precious metal back to domestic vaults.
20 Jun 2024
IndiaIndian banks face ATM shortage, seek RBI and government intervention
Indian banks are facing a significant shortage of automated teller machines (ATMs), prompting appeals to the Centre and the Reserve Bank of India (RBI), according to The Economic Times.
20 Jun 2024
Securities and Exchange Board of IndiaSEBI directs Religare to seek approvals for Burman family's offer
The Securities and Exchange Board of India (SEBI) has given instructions to Religare Enterprises Ltd (REL) and its Chairperson, Rashmi Saluja.
18 Jun 2024
Fitch RatingsFitch raises India's FY25 economic growth forecast to 7.2%
Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.
