RBI

Locate Your Unclaimed Bank Deposits: RBI launches UDGAM website to search at one place

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation), which would make it easier for people to search for their unclaimed deposits across multiple banks at one place.

Aug 18, 2023

RBI retains repo rate at 6.5%, inflation projected at 5.4%, predicts GDP growth at 6.5%

Not disappointing the expectations, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.

Aug 10, 2023

Russia's Sberbank sets up major IT unit in Bengaluru; Plans to employ IT specialists

Sberbank's branch in India has received permission from the Reserve Bank of India (RBI) to establish an IT unit here.

Jul 21, 2023

76% of total Rs 2,000 denomination notes in circulation returned to banks in these two forms: RBI

The Reserve Bank of India (RBI) on Monday said that as much as 76 per cent of the total number of Rs 2,000 notes in circulation have been returned to banks.

Jul 4, 2023

Kharge hits back at Centre after RBI's paper on inflation

Congress President Mallikarjun Kharge on Saturday took a swipe at the Centre over inflation after the Reserve Bank of India (RBI) said that the public is now spending less as a result which in turn have decreased sales.

Jun 24, 2023

RBI averse to crypto but is all set to float CBDC; FinMin weighs options [details]

The Reserve Bank of India (RBI) has made no bones about it being averse to crypto currency, ever since it emerged on the horizon in the country a few years ago.

Jun 11, 2023

As expected, RBI's Monetary Policy review June 2023 remains status quo: Expert

While the rate inaction was expected by almost everyone, there was some debate on whether a more qualified stance may now be forthcoming, writes Suyash Choudhary of Bandhan Asset Management

Jun 9, 2023

RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24

Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively.

Jun 8, 2023

RBI's monetary policy committee begins deliberations on key rates, announcement tomorrow

The panel will announce its decision whether to hold the rates or revise them upwards or cut them tomorrow

Jun 7, 2023

Power to withdraw banknotes lies with Centre, petitioner to Delhi HC on Rs 2K note issue

The Delhi High Court on Tuesday reserved its judgement on a plea filed against the Reserve Bank of India (RBI)'s decision to withdraw Rs 2,000 notes from circulation.

May 31, 2023

Only 10 of Rs 2,000 notes can be exchanged per account holder at a time: RBI

Announcing the decision to withdraw Rs 2,000 denomination notes from circulation, the Reserve Bank of India (RBI) has asked banks not to issue such notes with immediate effect.

May 20, 2023

Demonetisation again? RBI asks people to return or deposit Rs 2,000 currency notes in banks by Sept 30

The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender.

May 19, 2023

India's forex reserves fell by $2 billion, reaches $584.248 billion for week ending Apr 21

It's a significant fall compared to October 2021 when the country's forex reserves had reached an all-time high of $645 billion

Apr 29, 2023

Pre-sanctioned credit lines at banks through UPI: RBI

Expanding the scope of Unified Payments Interface (UPI), the Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said pre-sanctioned credit lines at banks through the former will be allowed.

Apr 6, 2023

No change in repo rate, GDP projected at 6.5% for FY24

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced.

Apr 6, 2023

RBI's Shaktikanta Das awarded "Governor of the Year"; commended for unwavering leadership

In honour by an international economic research journal, RBI's Shaktikanta Das was awarded "Governor of the Year" for 2023 by Central Banking.

Mar 16, 2023

Bill Gates visits RBI office in Mumbai, holds discussions with Shaktikanta Das

Microsoft co-founder Bill Gates on Tuesday visited the Reserve Bank of India (RBI) office in Mumbai, where he held wide-ranging discussions with Governor Shaktikanta Das.

Feb 28, 2023

RBI's 25 bps rate hike to increase home loan EMI

The 25 basis points (bps) hike in the repo rate by the Reserve Bank of India (RBI) will result in an additional equated monthly instalment (EMI) of Rs 16 per lakh, said a top official of Sundaram Home Finance.

Feb 9, 2023

Adani Row: RBI defends banks' exposure, says "One client will not affect Indian banking system"

An individual client -- Adani Group -- will not bring down the Indian banking system, Reserve Bank of India Governor Shaktikanta Das said

Feb 8, 2023

RBI hikes policy rate by 25 bps, current repo rate at 6.5%

The RBI's Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent

Feb 8, 2023