Reserve Bank of India (RBI)

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

India records 26 pc jump in FDI flows in first quarter

The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI's latest monthly bulletin.

Aug 20, 2024

Going global: UAE opens Rupee payment mode via UPI to encourage Indian customers

The government of India has been promoting UPI as a global payment platform. Now merchants in the United Arab Emirates (UAE) are accepting payments via UPI in Rupees to attract Indian customers.

Aug 17, 2024

India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor

India Ranks Second Globally in Deposit Insurance Coverage

In a recent global conference held in Jaipur, India, on August 13, 2024, RBI Deputy Governor Michael Debabrata Patra announced that India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks.

Aug 13, 2024

Inflation? What Else Prompted RBI to Hold Repo Rate Steady

RBI keeps repo rate at 6.5% to control inflation, leading to market decline. Despite this, there's optimism about the economy's long-term outlook and stable housing market

Aug 9, 2024

Inflation Concerns Prompt RBI to Hold Repo Rate Steady

RBI keeps repo rate at 6.5% to control inflation, leading to market decline. Despite this, there's optimism about the economy's long-term outlook and stable housing market

Aug 8, 2024

RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption.

Aug 8, 2024

RBI to end scam by fake loan apps, public repository to be created for digital lending apps

To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital lender.

Aug 8, 2024

UPI transactions reach Rs 20.64 lakh crore in July: NPCI

The Unified Payments Interface (UPI)-based transactions surged once again in the month of July, reaching Rs 20.64 lakh crore against Rs 20.07 lakh crore in the previous month – a massive 35 per cent surge (year-on-year), the data released by the National Payments Corporation of India (NPCI)

Aug 1, 2024

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Reserve Bank of India (RBI)

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

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

RBI hikes interest rates on NRI foreign currency deposits

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

Internationalisation of UPI progressing rapidly: RBI

RBI Approves In-Solutions Global for Prepaid Payment Instruments

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

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

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

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

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

UPI Transactions Skyrocket, India Leads in Digital Payments

India records 26 pc jump in FDI flows in first quarter

Going global: UAE opens Rupee payment mode via UPI to encourage Indian customers

India Ranks Second Globally in Deposit Insurance Coverage

Inflation? What Else Prompted RBI to Hold Repo Rate Steady

Inflation Concerns Prompt RBI to Hold Repo Rate Steady

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

RBI to end scam by fake loan apps, public repository to be created for digital lending apps

UPI transactions reach Rs 20.64 lakh crore in July: NPCI

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