RBI

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India's foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion.

Dec 18, 2021

RBI imposes Rs 1 Cr penalty on SBI; Rs.1.95 Cr on Standard Chartered

The bank was notified to show cause "why a penalty should not be levied for the non-compliance with the aforementioned directives".

Oct 19, 2021

The RBI leaves key interest rates unchanged at 4%; Maintains protective shield for recovery

The Reserve Bank of India kept its key short-term lending rates unchanged to protect the fledgling economic recovery. The central bank's Monetary Policy Committee (MPC) unanimously opted to keep the repo rate, or short-term lending rate, for commercial banks at 4%

Aug 6, 2021

India's retail inflation eases sequentially in June; remains above 6% [details]

On a monthly basis, India's retail inflation dropped in June. Last month, the Consumer Price Index (CPI) fell to 6.26 percent from 6.30 percent in May.

Jul 13, 2021

RBI bars MPs, MLAs from holding MD post in urban co-op banks; cracks down on political interference [details]

As per RBI's direction, in case the present MD does not satisfy the prescribed 'Fit and Proper' criteria, the UCB shall initiate the process for appointment of a new MD immediately.

Jun 27, 2021

India's foreign exchange reserves drop to $603.9 billion from last week's $608 billion

The value of India's foreign exchange reserves fell by $4.148 billion. Furthermore, the country's reserve position with the International Monetary Fund (IMF) decreased by $46 million to $4.965 billion.

Jun 26, 2021

People are saving less as inflation is surpassing past record

According to the Reserve Bank of India's (RBI) Preliminary Estimates of Household Financial Savings, the economy's openness and the easing of Covid infections last year had an impact on household financial savings.

Jun 23, 2021

India's foreign exchange reserves rise by $3bn last week, reach $608bn

According to the Reserve Bank of India's (RBI) weekly data supplement, foreign exchange reserves increased to $608.081 billion from $605.008 billion. The country's reserve position with the International Monetary Fund (IMF) increased by $11 million to $5.011 billion.

Jun 19, 2021

HDFC Bank's mobile app down, bank says 'looking on priority' [issue now resolved]

Users of HDFC Bank have been experiencing troubles with the bank's mobile banking application throughout the day. The bank has stated that it is looking into the issue on a priority basis and has advised customers to finish their transactions via net banking.

Jun 15, 2021

Strengthening India's financial sector: But it all starts with addressing the weak banking system first

Poor corporate governance, risk prone lending has to stop and transparency and disclosures have to be made mandatory

Mar 15, 2021

Indian cryptocurrency players scurry for cover as RBI ponders them and Govt mulls ban

The RBI in a booklet released last week said it is exploring the possibility as to whether there is a need for a digital version of fiat currency or its own version of cryptocurrency and if so, how to operationalise it

Jan 31, 2021

RBI leaves repo rate unchanged at 4%, annual GDP may shrink 9.5%

The Reserve Bank of India's MPC has decided to keep key rates unchanged while maintaining an accommodative stance. RBI also said that it expects India's real GDP to contract by over 9 per cent for the current fiscal year.

Oct 9, 2020

Meet the three economists, appointed to RBI's rate-setting Monetary Policy Committee

The government late on Monday, October 5 appointed three eminent economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as members of the rate-setting Monetary Policy Committee of the RBI.

Oct 6, 2020

RBI stands battle-ready to take whatever steps needed for Covid-hit Indian economy: Governor Shaktikanta Das

Governor Shaktikanta Das said some high-frequency indicators including agricultural activity, Purchasing Managers Index for manufacturing, certain private estimates for unemployment point to "some stabilisation" of economic activity in the second quarter of the current fiscal year.

Sep 16, 2020

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RBI

India's foreign exchange reserves decline for 3rd consecutive week

RBI imposes Rs 1 Cr penalty on SBI; Rs.1.95 Cr on Standard Chartered

The RBI leaves key interest rates unchanged at 4%; Maintains protective shield for recovery

India's retail inflation eases sequentially in June; remains above 6% [details]

RBI bars MPs, MLAs from holding MD post in urban co-op banks; cracks down on political interference [details]

India's foreign exchange reserves drop to $603.9 billion from last week's $608 billion

People are saving less as inflation is surpassing past record

India's foreign exchange reserves rise by $3bn last week, reach $608bn

HDFC Bank's mobile app down, bank says 'looking on priority' [issue now resolved]

Strengthening India's financial sector: But it all starts with addressing the weak banking system first

Indian cryptocurrency players scurry for cover as RBI ponders them and Govt mulls ban

RBI leaves repo rate unchanged at 4%, annual GDP may shrink 9.5%

Meet the three economists, appointed to RBI's rate-setting Monetary Policy Committee

RBI stands battle-ready to take whatever steps needed for Covid-hit Indian economy: Governor Shaktikanta Das

RBI suggests measures to improve liquidity, boosts demand for govt bonds with yields monitored

RBI announces yet another round of OMOs of Rs 20,000 crore: What it means

RBI releases 'National Strategy for Financial Education for 2020-2025': What it includes

RBI Governor Shaktikanta Das cuts repo rate to 4%, reverse repo rate to 3.35%: Key points from press meet

Yes Bank faces trust deficit; massive withdrawals as deposits shrink

Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious