Reserve Bank Of India (RBI): News

20 Jan 2023

Venugopal Dhoot

ICICI bank fraud case: Videocon's Venugopal Dhoot gets interim bail

Videocon Group chairperson Venugopal Dhoot was granted interim bail on Friday by the Bombay High Court, almost a month after the Central Bureau of Investigation (CBI) arrested him in the ICICI Bank-Videocon loan fraud case.

11 Jan 2023

Adani Ports

World's biggest ship skips India amid lack of port infrastructure

The world's biggest ship, Ever Alot, couldn't dock in India as most coastal harbors aren't deep enough to handle vessels that huge.

Meet BV Nagarathna, SC judge who dissented from demonetization verdict

The Supreme Court on Monday upheld the Centre's 2016 demonetization decision and dismissed all pleas contesting it.

'Not flawed': Supreme Court upholds government's 2016 decision of demonetization

Upholding the Centre's 2016 decision of demonetization, the Supreme Court on Monday junked all 58 petitions challenging it, saying the financial decision taken by the government can't be overturned.

30 Dec 2022

Shaktikanta Das

Gross NPAs of Indian banks fall to 7-year low: RBI

Bad loans or non-performing assets have made life harder for Indian banks for a long time. However, banks have been trying to bring them down.

21 Dec 2022

Cryptocurrency

RBI Governor warns cryptocurrency will cause next financial crisis

The Reserve Bank of India (RBI) and its Governor Shaktikanta Das has never been big a fan of cryptocurrency. On Wednesday, Das reiterated his stance that crypto should be banned.

14 Dec 2022

Raghuram Rajan

Rajasthan: Former RBI governor Raghuram Rajan joins Bharat Jodo Yatra

Former Reserve Bank of India (RBI) Governor Raghuram Rajan joined the Congress Party's Bharat Jodo Yatra (BJY) led by Rahul Gandhi, which is now traveling across Rajasthan.

Demonetization: Supreme Court reserves judgment, seeks records from Centre, RBI

The Supreme Court on Wednesday reserved its judgment in pleas challenging the demonetization announced by the Centre on November 8, 2016, The Indian Express reported.

RBI increases key repo rate by 35 bps to 6.25%

The Reserve Bank of India (RBI) increased its key lending rate on Wednesday by 35 basis points to 6.25%.

01 Dec 2022

Indian Rupee (INR)

RBI rolls out retail digital rupee: How to use it?

The Reserve bank of India (RBI) has started the rollout of the much-anticipated retail digital rupee (eRs-R) on a pilot basis in India.

29 Nov 2022

Cryptocurrency

India's digital rupee's retail pilot on December 1, says RBI

The Reserve Bank of India (RBI) is all set for the first pilot of the retail version of its Central Bank Digital Currency (CBDC). It will take place on December 1, the central bank said in a statement.

17 Nov 2022

India

Demonetization enforced after extensive talks with RBI: Centre tells SC

The Union government has informed the Supreme Court (SC) that the 2016 demonetization was a "well-considered" move and part of a bigger process to fight the menace of tax evasion, fake money, black money, and terror financing.

14 Nov 2022

Inflation

Wholesale price-based inflation eases to 8.39%, lowest since March 2021

Wholesale price index (WPI), which determines the price of products at the wholesale stage, eased in October, as per the government data shared on Monday.

13 Oct 2022

Hyderabad

Hyderabad: Police bust Rs. 903 crore online Chinese investment fraud

An online investment fraud worth a staggering Rs. 903 crore run by a Chinese firm was unraveled, said Hyderabad Police on Wednesday.

SC to examine demonetization exercise, asks affidavits from Centre, RBI

The Supreme Court (SC) said on Wednesday that while it acknowledged the ambit of the judicial review of State policies, however, it will examine the Narendra Modi-led government's 2016 decision to demonetize currency notes.

10 Oct 2022

Cryptocurrency

Understanding digital rupee and how RBI plans to launch it

India's own Central Bank Digital Currency (CBDC) or digital rupee could soon see the light of day.

01 Oct 2022

India

October to see 21 bank holidays, including entire 1st week

October is the month of festivities, which means there will be many non-working days for banks and financial institutions.

30 Sep 2022

Shaktikanta Das

Monetary policy: RBI hikes repo rate by 50bps to 5.9%

The Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps) to 5.9% on Friday, Governor Shaktikanta Das announced.

29 Sep 2022

Business

India's new credit card rules: How will they affect cardholders?

The Reserve Bank of India (RBI) announced new criteria for the issuance of credit and debit cards in April this year. Some of them came into force on July 1.

26 Sep 2022

Indian Rupee (INR)

Indian rupee hits all-time low against US dollar, breaches 81-mark

The Indian rupee on Monday fell to a new record low of 81.55 versus the US dollar for the first time ever, NDTV reported, citing interest rate hikes in the US and inflation worries.

22 Sep 2022

Maharashtra

RBI cancels Laxmi Co-operative Bank's license; Rs. 5L withdrawal limit

The Reserve Bank of India (RBI) canceled the license of The Laxmi Co-operative Bank Limited in Maharashtra on Thursday.

15 Aug 2022

India

How has Indian Rupee performed against US Dollar since Independence?

India is celebrating 75th year of its Independence and stands at a crossroads of pushing resilient economic growth over the next 25 years.

05 Aug 2022

Shaktikanta Das

RBI hikes repo rate by 50bps, GDP pegged at 7.2%

The Reserve Bank of India (RBI) has decided to hike the repo rate by 50 basis points (bps) to 5.40% on Friday, Governor Shaktikanta Das announced.

11 Jul 2022

India

Uber Files: Inside the ride-hailing firm's questionable tactics in India

An investigation of a leaked data dump called "Uber Files" has revealed damning details about how the ride-hailing service used unethical means for business expansion worldwide, including in India.

23 Jun 2022

India

CBI books DHFL's Wadhawans in Rs. 34000-crore bank fraud case

The Central Bureau of Investigation (CBI) has booked former promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan, among 13 accused in the biggest-ever bank fraud case in India.

22 Jun 2022

Debit Cards

What is credit, debit card tokenization rule effective July 1

The Reserve Bank of India (RBI) has mandated card-on-file (CoF) tokenization for domestic online purchases via credit and debit cards from July 1.

08 Jun 2022

Shaktikanta Das

RBI hikes repo rate by 50 bps; EMIs get costlier

The Reserve Bank of India (RBI) on Wednesday increased the repo rate by 50 basis points (bps) to 4.90% and the inflation projection for the current fiscal to 6.7%.

07 Jun 2022

India

ICICI Bank FD interest rates hiked: Check latest rates

ICICI Bank, India's second-largest private bank, has reportedly raised the interest rates on its fixed deposits (FD) once again with effect from Tuesday (June 7).

30 May 2022

Reuters

India's Q4 GDP pegged at 2.7%, lower than Q3: Experts

According to SBI's economists, the upcoming release of official statistics for economic performance is likely to show 2.7% growth for the January-March quarter and 8.5% growth for FY22.

29 May 2022

Narendra Modi

RBI fake currency report: Opposition's demonetization swipe at Modi government

The opposition on Sunday took a swipe at the Centre and PM Narendra Modi over a Reserve Bank of India (RBI) report showing a rise in counterfeit currency.

06 May 2022

Indonesia

Hindustan Unilever hikes product prices for second time within month

Indian consumers are likely to bear face an extra burden on their pockets as the country's FMCG giant Hindustan Unilever (HUL) raised product prices by up to 15% across categories, CNBC-TV18 reported on Friday.

06 May 2022

Netflix

Apple stops accepting credit or debit cards for subscriptions, purchases

Apple users in India will no longer be able to use credit or debit cards to pay for subscriptions and app purchases. The change comes as a result of the Reserve Bank of India's (RBI) new auto-debit rules.

08 Apr 2022

India

RBI keeps key interest rates unchanged for 11th consecutive time

The Reserve Bank of India on Friday kept the benchmark repo rate unchanged at 4% for the 11th time in a row.

11 Feb 2022

Cryptocurrency

Taxing cryptocurrency is government's sovereign right: FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions.

10 Feb 2022

Repo Rate

RBI maintains lending rates; 7.8% GDP growth projected in 2022-23

The Reserve Bank of India (RBI) kept the repo rate unchanged at 4% for the 10th time in a row in its monetary policy review meeting on Thursday.

08 Dec 2021

Shaktikanta Das

RBI keeps repo rate unchanged at 4%

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4%.

29 Nov 2021

India

No proposal to recognize Bitcoin: Finance Ministry tells Parliament

The Centre said Monday that it has no proposal to recognize Bitcoin as a currency in the country.

23 Nov 2021

Cryptocurrency

Centre announces bill to ban cryptocurrencies before Parliament's Winter Session

The central government will table a bill to ban cryptocurrencies in the upcoming Winter Session of Parliament.

Pandora Papers probe begins; I-T notices sent to Indians, NRIs

The Centre's investigation into the Pandora Papers revelations is gathering pace with the Income Tax Department sending notices to most Indians named in the exposé.

14 Nov 2021

Prime Minister

Modi's cryptocurrency meet: Caution over terror financing; 'progressive' steps promised

Prime Minister Narendra Modi on Saturday chaired a key meeting on the cryptocurrency sector.

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