RBI

Ecomony: RBI ups policy rate to 5.40% to contain inflation

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.

Aug 5, 2022

Indian Rupee depreciates further: 1 US dollar equals 80 rupees

As predicted earlier, the Indian rupee on Tuesday crossed Rs 80 for a US dollar. The fall in rupee's value is owing to multiple factors like Russia-Ukraine war, outflow of foreign institutional investors and others, said experts.

Jul 19, 2022

RBI, Bank Indonesia to cooperate against money laundering, terror financing

The Reserve Bank of India (RBI) on Saturday said it has signed an MoU with Bank Indonesia (BI) to improve mutual cooperation between the two central banks.

Jul 16, 2022

RBI fines Ola Financial Services over Rs 1.67 crore for non-compliance

The Reserve Bank of India (RBI) on Tuesday fined Ola Financial Services Private Ltd over Rs 1.67 crore for non-compliance of regulations.

Jul 12, 2022

RBI to allow Rupee payment for exports, imports; Announces new framework

The RBI said prior approval is a must and the measure promotes growth of global trade with emphasis on exports from India

Jul 12, 2022

Razorpay gets RBI approval for Payment Aggregator license

The central bank issued a payment aggregator framework in March 2020, stating that payment gateways will be mandated to have a license in order to acquire merchants and provide them with digital payments acceptance solutions.

Jul 11, 2022

RBI projects inflation to ease in second half of FY23

Inflation was expected to moderate significantly to the target rate of four per cent by third quarter of FY23, with a projected average inflation rate of 4.5 per cent for 2022-23, said RBI Governor.

Jul 11, 2022

Foreign Exchange: RBI relaxes regulations to boost forex inflows

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows.

Jul 6, 2022

1 in 2 Indians victims of extortion, data misuse due to instant loan apps, reveals survey

A new report by community social media platform LocalCircles released on Tuesday showed that over 54 per cent of citizens surveyed experienced extortion or data misuse during the collection process from instant loan apps

Jul 6, 2022

Large borrowers' loan accounts and bad loans decline: RBI's Financial Stability Report

The share of large borrowers for scheduled commercial banks (SCB) has declined in the recent times while their share in the gross non-performing assets (GNPA) also went down, said the Reserve Bank of India (RBI).

Jul 2, 2022

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stablecoins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor protection.

Jul 2, 2022

Forex: Indian rupee slips to 78.68 against US dollar

The increasing global crude oil prices and inflation concern turned slippery for the Indian rupee as it went down against the US dollar on Tuesday.

Jun 28, 2022

Farmers protest: K'taka farmers protest against RBI, demand change in loan policy

Demanding a change of loan policy and delinking CIBIL score for extending the agricultural loan, thousands of farmers staged a protest against the Reserve Bank of India (RBI) in Bengaluru on Tuesday.

Jun 28, 2022

Home loans: HDFC raises home loan interest rate by 50 bps, effective from today

Lending major Housing Development Finance Corporation (HDFC) has increased its Retail Prime Lending Rate (RPLR) on housing loans -- on which its Adjustable Rate Home Loans (ARHL) are benchmarked -- by 50 basis points.

Jun 10, 2022

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

A further reduction of state value added taxes on petrol and diesel across the country would certainly contribute to softening of the inflationary pressures as well as the inflationary expectations, said the Reserve Bank of India Governor Shaktikanta Das on Wednesday.

Jun 8, 2022

RBI's monetary policy meet: Some expectations from the ongoing meet

Though the RBI's raising policy rates in the ongoing monetary policy committee meeting is a "no-brainer", as its Governor Shaktikanta Das said in a recent interview, investors, however, await the actual degree of percentage hike before taking fresh positions and future course of action in the financial markets.

Jun 7, 2022

Reserve Bank of India's balance sheet grows by 8.46% in Fiscal year 2022

The size of the Reserve Bank of India's (RBI) balance sheet increased by 8.46 per cent as on March 31, 2022, mainly reflecting its liquidity and foreign exchange operations during the entire fiscal year.

May 27, 2022

May go for rate hike in June, will not allow rupee to depreciate: RBI Governor

India's central bank is mulling further rate hikes, said its Governor Shaktikanta Das.He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market.

May 23, 2022

Mayhem in crypto market as Bitcoin drops below $30,000 per coin; Investors in a panic mode

The global cryptocurrency market entered its worst phase ever on Tuesday, with Bitcoin dropping below $30,000 per coin and leaving millions of investors in a panic mode.

May 10, 2022

Reserve Bank of India to restore regulated markets' trading hours to pre-pandemic timings

The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday.

Apr 12, 2022