Reserve Bank Of India (RBI): News
23 Jul 2024
Nirmala SitharamanKey numbers to watch out for in Union Budget today
Finance Minister Nirmala Sitharaman will present her seventh consecutive budget, a plan that aims to chart India's path toward development by 2047, at 11:00am on Tuesday.
22 Jul 2024
Unified Payments Interface (UPI)How RBI works with other countries to make UPI global
The Reserve Bank of India (RBI) is partnering with multiple countries, to globalize the Unified Payments Interface (UPI), as revealed in the Economic Survey 2023-2024.
19 Jul 2024
Andhra PradeshBudget 2024: What economic analysts expect from Modi government
Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 in the Lok Sabha on July 23.
14 Jul 2024
Jagannath TemplePuri Jagannath Temple's 'Ratna Bhandar' reopens after 46 years
The 'Ratna Bhandar,' a treasury of the 12th-century Jagannath temple in Puri, Odisha, reopened on Sunday at 1:28pm after being closed for 46 years.
12 Jul 2024
IndiaIndia's forex reserves up $5B in first week of July
India's foreign exchange reserves have seen a substantial surge of $5.158 billion, reaching a total of $657.155 billion for the week ending July 5, according to the Reserve Bank of India (RBI).
12 Jul 2024
IndiaIndia's retail inflation touches 5-month high of 5.1% this June
India's retail inflation rose to 5.08% in June, marking the first increase in five months, according to government data. This exceeds the previous month's 12-month low of 4.75%.
12 Jul 2024
Reliance IndustriesJio Financial becomes core investment company. What changes for you?
Jio Financial Services Ltd has secured approval from the Reserve Bank of India (RBI) to transition from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC).
11 Jul 2024
GujaratIndians can now hold foreign currency in GIFT City
Indian residents have been granted permission to open foreign currency accounts in GIFT City, under the Liberalised Remittance Scheme (LRS) presented by the Reserve Bank of India (RBI).
08 Jul 2024
CitibankIndia's job growth rate doubles to 6% in FY24
India provisionally added 46.7 million jobs in the financial year ending March 2024, as per a report by the Reserve Bank of India (RBI) released on Monday.
25 Jun 2024
IndiaIndia's external debt climbs to $663.8 billion in March 2024
India's external debt has seen a significant rise, reaching $663.8 billion at the end of March 2024, as per a statement released by the Reserve Bank of India (RBI) today.
24 Jun 2024
Shaktikanta DasIndia's foreign gold reserves hit lowest level in 6 years
India's overseas gold reserves have hit a six-year low, with the Reserve Bank of India (RBI) transferring large quantities of the precious metal back to domestic vaults.
20 Jun 2024
IndiaIndian banks face ATM shortage, seek RBI and government intervention
Indian banks are facing a significant shortage of automated teller machines (ATMs), prompting appeals to the Centre and the Reserve Bank of India (RBI), according to The Economic Times.
20 Jun 2024
Securities and Exchange Board of IndiaSEBI directs Religare to seek approvals for Burman family's offer
The Securities and Exchange Board of India (SEBI) has given instructions to Religare Enterprises Ltd (REL) and its Chairperson, Rashmi Saluja.
18 Jun 2024
Fitch RatingsFitch raises India's FY25 economic growth forecast to 7.2%
Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.
15 Jun 2024
SensexSensex predicted to hit 82,000 mark in 12 months
International credit rating agency Moody's has released a report, forecasting that the BSE Sensex will reach 82,000 within the next year, marking a 14% increase.
14 Jun 2024
BusinessAt 2.6%, India's wholesale inflation touches 15-month high in May
Wholesale inflation in India has reached a 15-month high of 2.61% in May, marking the third consecutive monthly increase.
10 Jun 2024
PaytmPaytm stock surges 8.5% to cross ₹400 after 8 weeks
The stock price of One 97 Communications, the parent company of Paytm, has seen a significant increase of 8.6%, reaching ₹414.
08 Jun 2024
Bajaj FinanceBajaj Housing Finance finally files for ₹7,000 crore IPO
Bajaj Housing Finance, a subsidiary of Bajaj Finance, has submitted draft papers to the Securities and Exchange Board of India (SEBI).
07 Jun 2024
Shaktikanta DasRBI launches automatic reload feature for UPI Lite wallet
The Reserve Bank of India (RBI) has introduced an automatic reload feature for the UPI Lite wallet under its e-mandate framework.
07 Jun 2024
Monetary Policy CommitteeRBI ups India's GDP growth forecast to 7.2% for FY25
The Reserve Bank of India (RBI) has revised its real gross domestic product (GDP) projection for the fiscal year 2024-25 to 7.2%, a slight increase from the earlier estimate of 7%.
07 Jun 2024
Consumer Price Index (CPI)RBI maintains 4.5% inflation forecast for FY25
The Reserve Bank of India (RBI) has kept its inflation forecast for the fiscal year 2024-2025 at 4.5%, as announced by the Monetary Policy Committee (MPC).
05 Jun 2024
Kotak Mahindra BankRBI approves Zurich Insurance's majority stake acquisition in Kotak General
The Reserve Bank of India (RBI) has approved Zurich Insurance Company's plan to acquire a 70% stake in Kotak Mahindra General Insurance Company.
03 Jun 2024
India PostNearly 98% of ₹2,000 currency notes back in system: RBI
A staggering 97.82% of ₹2,000 currency notes in circulation as of May 19, 2023, have been returned to the banking system, as per the Reserve Bank of India (RBI).
03 Jun 2024
BusinessIndia's factory activity slows to 3-month low in May
India's manufacturing activity in May dipped to a three-month low due to intense heatwaves causing reduced working hours, as per a survey by S&P Global.
02 Jun 2024
IndiaIndia's forex reserves experience $2 billion dip, gold reserves decline
India's foreign exchange reserves have seen a decrease of over $2 billion, settling at $646.673 billion for the week ending May 24, as per data from the Reserve Bank of India (RBI).
02 Jun 2024
National Payments Corporation of IndiaUPI records 14.04 billion transactions in May, sets new milestone
The Unified Payments Interface (UPI) processed a record 14.04 billion transactions in May.
India's GDP exceeds expectations with 7.8% growth in Q4
India's gross domestic product (GDP) has surpassed analysts' predictions, registering a growth of 7.8% in the final quarter of FY24, as per data from the Ministry of Statistics and Programme Implementation (MOSPI).
31 May 2024
United KingdomRBI repatriates gold reserves from UK, first move since 1991
The Reserve Bank of India (RBI) has successfully transferred a substantial amount of gold, exceeding 100 tons, from the United Kingdom to its vaults in India.
30 May 2024
Indian EconomyRBI's balance sheet grows by 11% to nearly ₹70.5L crore
The Reserve Bank of India (RBI) has reported an 11.08% increase in its balance sheet size for FY2024, reaching ₹70.48 lakh crore as of March 31.
29 May 2024
BusinessRBI enforces business restrictions on Edelweiss Group entities: Here's why
The Reserve Bank of India (RBI) has imposed strict business restrictions on two Edelweiss Group entitities, namely ECL Finance Limited (ECL) and Edelweiss Asset Reconstruction Company Limited (EARCL).
22 May 2024
Shaktikanta DasRBI approves ₹2.11 lakh crore dividend to government for FY24
The Reserve Bank of India's (RBI) Central Board of Directors has approved a record surplus transfer of ₹2,10,874 crore to the government for the financial year 2023-24.
20 May 2024
Indian GovernmentRBI may transfer ₹1 lakh crore dividend to Centre
The Reserve Bank of India (RBI) is predicted to transfer a substantial dividend, potentially around ₹1 lakh crore, to the Indian government.
08 May 2024
Indian Banks AssociationWhy India's banking stocks are on a decline
In the wake of the Reserve Bank of India's (RBI) proposed changes to project financing regulations, major banking stocks including HDFC Bank, ICICI Bank, State Bank of India (SBI), and Punjab National Bank have experienced a decrease of up to 9% over the past three days.
05 May 2024
Bank of BarodaRBI data shows significant surge in housing sector credit
The Reserve Bank of India (RBI) has reported a substantial increase in credit outstanding to the housing sector.
02 May 2024
InflationRBI's interest rate cut expectations pushed back to late 2024
A recent survey conducted by Bloomberg indicates that the Reserve Bank of India (RBI) may postpone its planned interest rate cut until the last quarter of 2024.
28 Apr 2024
IndiaHitachi announces India's first upgradeable ATM: How it works
Hitachi Payment Services has announced a new line of upgradeable Automated Teller Machines (ATMs) in India.
24 Apr 2024
Kotak Mahindra BankRBI bans Kotak Mahindra Bank from onboarding new customers
The Reserve Bank of India (RBI) has imposed restrictions on Kotak Mahindra Bank (KMB), barring it from acquiring new customers through its digital platforms and issuing new credit cards.
24 Apr 2024
CREDPayU gets RBI's nod to operate as a payment aggregator
PayU has finally received RBI's approval to operate as a Payment Aggregator (PA).
22 Apr 2024
Lok Sabha ElectionsRBI directs payment companies to monitor election period transactions
The Reserve Bank of India (RBI) has issued a directive to all non-banking payment system operators (PSOs).
16 Apr 2024
IndiaRBI to implement new loan information disclosure rules from October
The Reserve Bank of India (RBI) is set to introduce new rules from October 1, 2024, aimed at providing comprehensive loan information to individuals and businesses.
15 Apr 2024
Tejasvi SuryaTejasvi forced to leave event after scam victims confront him
Bangalore South MP and Bharatiya Janata Party leader Tejasvi Surya was forced to leave an election campaign event on Sunday.
11 Apr 2024
Unified Payments Interface (UPI)Cross-platform transactions for UPI wallets: What RBI's new rules entail
The Reserve Bank of India (RBI) recently introduced new regulations that allow users of prepaid payment instruments (PPIs) to conduct transactions via any Unified Payments Interface (UPI) app.
05 Apr 2024
Unified Payments Interface (UPI)RBI makes cash deposits possible using UPI: Here's how
The Reserve Bank of India (RBI) has launched a new feature allowing customers to deposit cash into their bank accounts using the Unified Payments Interface (UPI) at cash deposit machines (CDMs).
05 Apr 2024
Shaktikanta DasRBI's new app will let you buy government bonds directly
The Reserve Bank of India (RBI) is preparing to launch a mobile application aimed at enhancing individual participation in government bonds.
05 Apr 2024
Repo RateRBI keeps repo rate unchanged at 6.5%
The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to keep the repo rate steady at 6.5%, marking the seventh consecutive time this rate has been maintained.
28 Mar 2024
IndiaIndian banks have issued over 100 million credit cards
In a noteworthy development, the Reserve Bank of India (RBI) has reported that the number of credit cards issued by Indian banks, surpassed 100 million in February 2024.
27 Mar 2024
IndiaIndian banks report decade-long fraud totaling Rs. 5.3 lakh crore
Over the past decade, Indian banks have disclosed frauds totaling an astonishing Rs. 5.3 lakh crore, as per data from the Reserve Bank of India (RBI).
22 Mar 2024
IndiaRBI offices open for year-end transactions on March 30, 31
The Reserve Bank of India (RBI) has announced that its offices managing government business, along with all specified branches of agency banks, will maintain regular operating hours on March 30 and March 31, 2024.
22 Mar 2024
Mutual FundsMutual funds demand easing RBI's limit on overseas investments
The Securities and Exchange Board of India (SEBI) has mandated mutual funds to cease accepting subscriptions for investments in foreign exchange-traded funds (ETFs) from April 1, 2024.
14 Mar 2024
PaytmPaytm's bank shuts down tomorrow: What services will be impacted
Paytm Payments Bank Ltd (PPBL), the banking arm of Paytm, will halt its services from tomorrow (March 15).
09 Mar 2024
Foreign TradeIndia's forex reserves surge $6.55B to over $625B
India's forex reserves have experienced a significant boost, with an increase of $6.55 billion, reaching a total of $625.63 billion as of March 1, according to the latest data from the Reserve Bank of India (RBI).
08 Mar 2024
TataTata Sons considering debt restructuring to avoid RBI-mandated IPO
Tata Sons, the $150-billion holding company behind Tata Group, is considering a balance sheet restructuring to avoid a mandatory IPO by September 2025.
07 Mar 2024
IndonesiaAfter UAE, India signs local currency trade agreement with Indonesia
The Reserve Bank of India (RBI) and Bank Indonesia (BI) have inked a memorandum of understanding (MoU) to foster cross-border transactions using local currencies.
06 Mar 2024
BusinessRBI issues new credit card guidelines: Know what has changed
The Reserve Bank of India (RBI) has mandated banks and non-banking financial companies (NBFCs) to offer customers a choice of multiple card networks when issuing credit cards.
