RBI

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

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

RBI to allow banks to hold fresh acquisitions of SLR securities acquired from September 1, 2020 under HTM up to an overall limit of 22 percent of NDTL up to March 31, 2021.

Sep 1, 2020

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

The RBI announced that it has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ₹20,000 crores.

Aug 25, 2020

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

The NSFE 2020-25 includes inculcating financial literacy concepts among various sections of the population through financial education to make them an important life skill.

Aug 20, 2020

New RBI governor Shaktikanta Das. Photo: Reuters

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

Reserve Bank of India Governor Shaktikanta Das holds a press conference on monetary measures for Covid-19 relief. Scroll down to read other major announcements.

May 22, 2020

Yes Bank faces trust deficit; massive withdrawals as deposits shrink

Hit hard by the continuous erosion of deposits, the crisis-hit Yes Bank has posted a loss of Rs 3,668 crore for the last quarter of the Fiscal Year 2019-20 on a standalone basis.

May 7, 2020

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

Small businesses will be eligible for an additional 20% of their outstanding credit limit, which will be fully backed by the government.

Apr 27, 2020

What RBI's Special Liquidity Facility mean for the mutual funds industry?

The Covid-19 outbreak and the Franklin Templeton fund closure has necessitated RBI to step in and ease liquidity pressures on mutual funds by announcing Rs 50,000 crore Special Liquidity Facility.

Apr 27, 2020

Sensex up 714 points, Nifty up 2% after RBI's liquidity cushion for mutual funds

At 10.22 am, Sensex was trading at 32,038.75 points, higher by 711.53 points or 2.27 per cent from the previous close of 31,327.22.

Apr 27, 2020

RBI announces Rs 50,000 cr 'Special Liquidity Facility' for mutual funds: Key points

Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.

Apr 27, 2020

RBI declares new money market trading hours inclusive of Forex from April 7 to 17

Owing to a decrease in market activity in light of the Covid-19 outbreak and nationwide lockdown, RBI has cut money market trading hours, with effect from April 7 to April 17.

Apr 3, 2020

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package

Indian citizens took to Twitter and social media yesterday in a plea to the government to impose a temporary pause on EMIs and loan repayment as a part of the economic relief package.

Mar 26, 2020

Coronavirus: RBI issues advisory, asks banks to encourage use of digital banking among customers

In the wake of the novel coronavirus outbreak in the India, the RBI has directed a few operational guidelines to banks across the country.

Mar 16, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

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RBI

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

What RBI's Special Liquidity Facility mean for the mutual funds industry?

Sensex up 714 points, Nifty up 2% after RBI's liquidity cushion for mutual funds

RBI announces Rs 50,000 cr 'Special Liquidity Facility' for mutual funds: Key points

RBI declares new money market trading hours inclusive of Forex from April 7 to 17

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package

Coronavirus: RBI issues advisory, asks banks to encourage use of digital banking among customers

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

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