Reserve Bank of India (RBI)

RBI eases FEMA rules to boost rupee payments in cross-border deals

The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make payments, in order to promote cross border transactions in the Indian rupee and national currencies of trading partner countries.

Jan 16, 2025

RBI purchased another 8 tonnes of gold in Nov as safe-haven asset

The Reserve Bank of India (RBI) bought another eight tonnes of gold in November 2024 as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report.

Jan 7, 2025

NRI remittances surge to record $11.9 billion in April-Oct: RBI

Inflows into in non-resident Indian (NRI) deposit accounts surged to $11.9 billion in April-October during the current financial year, which is nearly twice the corresponding figure of $6.1 billion for the same period last year, the latest figures compiled by the Reserve Bank of India (RBI) showed.

Dec 25, 2024

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

The Reserve Bank of India and the Finance Ministry have been on "best terms with excellent coordination and cooperation" over the last six years, outgoing RBI Governor, Shaktikanta Das, said in his farewell address on Tuesday.

Dec 10, 2024

Sanjay Malhotra to replace Shaktikanta Das as RBI Governor

Who is Sanjay Malhotra? New RBI Governor set to replace long-serving Shaktikanta Das

The Central government on Monday appointed Sanjay Malhotra, Secretary (Revenue) in the Ministry of Finance as the next Reserve Bank of India Governor. He will replace Shaktikanta Das, who with a six-year stint is the second-longest serving RBI Governor.

Dec 9, 2024

Sensex trades lower amid weak global cues

Share market ends lower, Sensex settles at 81,508 pts

The Indian stock market closed in red on Monday as selling was seen in the FMCG sector, amid market sentiment being influenced by mixed global cues.

Dec 9, 2024

Sensex trades higher before RBI MPC outcome

Indian stock market maintains positive outlook as RBI turns more realistic

Amid a positive turnaround from foreign institutional investors (FIIs) to India, the Indian stock market maintained a positive outlook throughout the week as the core sector output in October and stability in service PMI data showed signs of recovery

Dec 7, 2024

RBI's MuleHunter.AI proves successful in detecting bank a/cs used for fraud

The Reserve Bank of India (RBI) on Friday announced that a pilot with two large public sector banks on its MuleHunter.AI solution to identify mule bank accounts has yielded encouraging results and urged banks to join the initiative.

Dec 6, 2024

RBI Links FX-Retail Platform to Bharat Connect; Grants Wider Access To Fair Forex Deals

The Reserve Bank of India (RBI) has taken a significant step towards expanding the reach of the FX-Retail platform. The central bank has decided to link the platform with the National Payments Corporation of India's (NPCI) Bharat Connect.

Dec 6, 2024

Govt doubles FCI's authorised capital to Rs 21,000 cr in big boost to farm sector

RBI raises limit of collateral-free agriculture loans to Rs 2 lakh

The Reserve Bank of India (RBI) has decided to raise the limit for collateral-free agriculture loans from Rs 1.6 lakh to Rs 2 lakh to enhance coverage of small and marginal farmers and permit small finance banks to extend pre-sanctioned credit lines through UPI to small borrowers to ensure greater financial inclusion.

Dec 6, 2024

RBI hikes interest rates on NRI foreign currency deposits

The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings.

Dec 6, 2024

Three-day RBI MPC meet begins to balance strong economic growth with inflation

The three-day Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.

Dec 4, 2024

Internationalisation of UPI progressing rapidly: RBI

The internationalisation of the unified payments interface (UPI) is progressing rapidly, as India emerges as a world leader in leveraging digital technologies for transformative change, according to a Reserve Bank of India (RBI) report.

Nov 24, 2024

Adelia Castelino, Co-founder and Managing Director of ISG

RBI Approves In-Solutions Global for Prepaid Payment Instruments

In-Solutions Global Ltd (ISG) has been granted authorisation by the Reserve Bank of India (RBI) to establish a payment system for the issuance and operation of Prepaid Payment Instruments (PPI).

Nov 11, 2024

Debit card-based transactions drop 8 pc in Sep as UPI payments surge: RBI data

As UPI-based digital payments surge, debit card-based transactions dropped almost 8 per cent from nearly Rs 43,350 crore in August to about Rs 39,920 crore in September, according to the Reserve Bank of India's monthly data.

Oct 30, 2024

India gold reserves up 60 pc with 102 tonnes in April-Sept period: RBI data

As gold prices continue to surge amid geo-political tensions, the Reserve Bank of India (RBI) had 854.73 metric tonnes of gold as of September 30 and out of which, 510.46 metric tonnes were held domestically.

Oct 30, 2024

Mann Ki Baat: PM Modi warns of 'digital arrest', urges people to stay vigilant

Prime Minister Narendra Modi on Sunday addressed the issue of "digital arrest" in the 115th episode of 'Mann Ki Baat', labelling it as a fraudulent activity. He urged people to remain vigilant and safe.

Oct 27, 2024

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

The Reserve Bank of India (RBI) has increased the pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. Users can now conduct low-value UPI transactions of up to Rs 1,000 without entering the PIN, up from the previous limit of Rs 500.

Oct 9, 2024

RBI likely to maintain status quo as MPC meet begins, realty sector hopeful on repo rate

The Reserve Bank of India (RBI) is likely to maintain the status quo in its Monetary Policy Committee (MPC) meeting, said industry experts on Monday, as the much-anticipated three-day meeting began, led by Governor Shaktikanta Das, amid geo-political uncertainties.

Oct 7, 2024

UPI Transactions Skyrocket, India Leads in Digital Payments

India's digital economy has witnessed a significant milestone with the National Payments Corporation of India (NPCI) reporting a record-breaking surge in Unified Payments Interface (UPI) transactions in August. The data revealed a 41% year-on-year growth, with UPI transactions reaching an all-time high of 14.96 billion.

Sep 1, 2024