Reserve Bank of India (RBI)

Most banks hike deposit rates ahead of festive season

Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.

Aug 17, 2022

Forex: India's forex reserves rises after 4 weeks of fall

India's forex reserves rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the foreign investors in the Indian equity market.

Aug 6, 2022

Economy: Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS.

Aug 6, 2022

Economy: Benchmark bond yield rises 9 basis bps after RBI hikes repo rate

The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points.

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

"Gabbar Singh strikes again": Rahul Gandhi lashes out at GST steep rate hikes on rice, wheat, milk, curd, other food items

This comes amidst the GST council, presided over by Finance Minister Nirmala Sitharaman, voted to bring packaged items like milk, curd, and paneer, as well as unpackaged ones like rice and wheat, under the 5% slab and bank fees for issuing cheques under the 12% category.

Jul 18, 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's measures to boost forex inflows may not increase inflows: Emkay report

The Reserve Bank of India's (RBI) move to relax regulations to boost foreign exchange inflows will not have any material change in receipts, but certainly helpful in directional forex signalling to speculators, said Emkay Global Financial Services Ltd.

Jul 7, 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

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

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

Stock Market: FPI outflow continues, pulls over Rs. 6,400 crore in May first week

On May 4, the RBI raised the policy repo rate by 40 basis points with immediate effect and the cash reserve ratio by 50 basis points with immediate effect in an off-cycle monetary policy review.

May 8, 2022

Why has the forex reserve sunk $44.73 billion in 8 months? (Explainer)

The fall in foreign exchange reserves is also due to a value loss, which reflects the US dollar's strengthening versus key currencies, as well as a drop in gold prices.

May 7, 2022

Struggling Auto industry faces another hurdle as RBI move makes loans costlier

The automobile industry is still not out of the woods and the Reserve Bank of India's (RBI) move to increase the repo-rate by 45 basis points will make vehicle loans expensive, said a top official of the Federation of Automobile Dealers Association (FADA).

May 5, 2022

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Reserve Bank of India (RBI)

Most banks hike deposit rates ahead of festive season

Forex: India's forex reserves rises after 4 weeks of fall

Economy: Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Economy: Benchmark bond yield rises 9 basis bps after RBI hikes repo rate

Indian Rupee depreciates further: 1 US dollar equals 80 rupees

"Gabbar Singh strikes again": Rahul Gandhi lashes out at GST steep rate hikes on rice, wheat, milk, curd, other food items

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

RBI's measures to boost forex inflows may not increase inflows: Emkay report

Foreign Exchange: RBI relaxes regulations to boost forex inflows

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

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

Forex: Indian rupee slips to 78.68 against US dollar

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

Stock Market: FPI outflow continues, pulls over Rs. 6,400 crore in May first week

Why has the forex reserve sunk $44.73 billion in 8 months? (Explainer)

Struggling Auto industry faces another hurdle as RBI move makes loans costlier

RBI drops the bombshell, raises the repo rate by 40 basis points to 4.40%

India to become $ 5 trillion economy only by 2029 : IMF

RBI likely to get quite perturbed with inflation above 6% in three quarters

UPI123Pay: Feature phones can make UPI payments without internet; see how it works [details]

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