Reserve Bank Of India (RBI): News
20 Feb 2023
Travel And TourismIndians catch travel bug; spending on foreign tours at $10bn
Talks about recession and economic downturn are rife these days. However, none of that seems to have affected Indians.
15 Feb 2023
PaytmPaytm Payments Bank introduces UPI LITE: How to use it
In a bid to make low-value UPI transactions faster, more secure, and seamless, Paytm Payments Bank Limited (PPBL) has introduced UPI LITE in India.
09 Feb 2023
Adani GroupDomestic lenders are safe from Adani Group's fall: RBI, Moody's
Adani Group has been under the microscope ever since Hindenburg Research published a report accusing the conglomerate of stock manipulation and accounting fraud. The report also pointed out the group's sky-high debts.
08 Feb 2023
Repo Rate#NewsBytesExplainer: How does repo rate affect the common man
The Reserve Bank of India (RBI) has hiked India's repo rate for the sixth time since May 2022. Have you ever wondered why it becomes big news when the RBI hikes or lowers the repo rate?
08 Feb 2023
Repo RateRBI hikes repo rate by 25 basis points to 6.5%
The Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Wednesday that the country's repo rate has been raised by 25 basis points to 6.5%.
02 Feb 2023
Adani GroupRBI is looking into Indian banks' exposure to Adani Group
As Adani Group companies nosedive in the stock market, the Reserve Bank of India (RBI) has stepped in to measure the exposure of Indian banks to the conglomerate.
20 Jan 2023
Venugopal DhootICICI 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 PortsWorld'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.
02 Jan 2023
Supreme Court Of IndiaMeet 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.
02 Jan 2023
Supreme Court Of India'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 DasGross 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
CryptocurrencyRBI 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 RajanRajasthan: 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.
07 Dec 2022
Supreme Court Of IndiaDemonetization: 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.
07 Dec 2022
Monetary Policy CommitteeRBI 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
CryptocurrencyIndia'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
IndiaDemonetization 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
InflationWholesale 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
HyderabadHyderabad: 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.
12 Oct 2022
Supreme Court Of IndiaSC 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
CryptocurrencyUnderstanding 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
IndiaOctober 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 DasMonetary 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
BusinessIndia'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
MaharashtraRBI 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
IndiaHow 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 DasRBI 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
IndiaUber 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
IndiaCBI 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 CardsWhat 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 DasRBI 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
IndiaICICI 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
ReutersIndia'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 ModiRBI 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
IndonesiaHindustan 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
NetflixApple 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
IndiaRBI 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
CryptocurrencyTaxing 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.