Reserve Bank of India.

Growth in banks' credit surpassing deposits: RBI

The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data. Jan 27, 2024
RBI proposes stricter rules for housing finance firms

RBI proposes stricter rules for housing finance firms

The RBI on Monday issued a draft circular which proposes to harmonise regulations of housing finance companies (HFCs) with that of non-banking finance companies (NBFCs) in several areas such as minimum capital requirement and deposit taking rules. Jan 16, 2024
India's Forex Reserves Rise To 4-Month High

India's forex reserves rise to 4-month high

India's foreign exchange reserves rose to an over four-month high of $604.04 billion as of December 1, according to the latest data released by the RBI on Friday. Dec 9, 2023
Reserve Bank of India.

RBI retains repo rate at 6.5%

As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent. Dec 8, 2023
Reserve Bank of India.

RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank's directions. Oct 23, 2023
Reserve Bank of India.

RBI to maintain rates, real estate sector to be disappointed

Only an unforeseen and sustained increase in inflation may compel the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to revise upwards the repo rate, said the Chief Economist at Anand Rathi Shares and Stock Brokers. Sep 29, 2023