Reserve Bank Of India (RBI): News
Indian rupee hits lifetime low as Trump's win boosts USD
Despite intervention from the Reserve Bank of India (RBI), the Indian rupee (INR) has hit a historic low against the US dollar (USD).
India's services sector soars in October, hiring at 2-year high
India's services sector has shown remarkable growth in October, after a minor slowdown in September.
RBI Governor says India's digital currency still in 'experimental stage'
Reserve Bank of India (RBI) Governor Shaktikanta Das has reiterated that the Central Bank Digital Currency (CBDC) remains experimental.
Digital Arrest scam: How to quickly identify fake warrants, notices
India has seen a major rise in digital arrest scams lately, with fraudsters duping unsuspecting people.
Foreign investors pulled out $12 billion from India between April-June
The repatriation of earnings by foreign entities, including portfolio investors and private equity firms, has witnessed a sharp rise in the April-June quarter.
India's forex reserves decline to $684.8 billion in October
India's foreign exchange (forex) reserves have declined by $3.4 billion, reaching $684.8 billion as of October 25, the Reserve Bank of India (RBI) data showed.
Auto top-up for UPI Lite now live: How to use
Unified Payments Interface (UPI) Lite users are in for two major updates that will make their digital payment experience even better.
Diwali holidays: Are banks closed on November 1 and 2
Diwali celebrations in 2024 have resulted in different bank holiday schedules across India.
India's fiscal deficit narrows to ₹4.75L crore in H1 FY25
India's fiscal deficit for the first half of the ongoing financial year (April-September) has been pegged at ₹4.75 lakh crore, or 29.4% of annual estimates. This is a notable decline from last year's 39.3%.
This Jio Financial-subsidiary can now operate as online payment aggregator
Jio Payment Solutions Limited (JPSL), a fully-owned subsidiary of Jio Financial Services, has received the Reserve Bank of India's (RBI) nod to operate as an online payment aggregator.
RBI Governor bags top central banker award 2 years back-to-back
Reserve Bank of India (RBI) Governor, Shaktikanta Das, has been awarded an A+ grade in the Central Bank Report Cards 2024.
After 8-month freeze, Paytm can now onboard new UPI users
Paytm, one of India's leading financial services companies, has received the green signal from the regulator to resume onboarding of new Unified Payments Interface (UPI) users.
Why RBI has barred Sachin Bansal's Navi Finserv from lending
The Reserve Bank of India (RBI) has cracked the whip on Flipkart founder Sachin Bansal's Bengaluru-based non-bank lender Navi Finserv.
Indian Rupee hits record low against Dollar: What's fueling downturn?
The Indian Rupee (INR) hit a historic low in its closing value today, ending at 84.0725 against the US Dollar (USD).
Zomato considers raising ₹8,500 crore through institutional share sale
Leading food delivery platform Zomato is scheduled to hold a board meeting on October 22.
India's gold reserves surge over 210% in 6 years
India's gold reserves have jumped by a whopping 211% since Shaktikanta Das took over as RBI governor in December 2018.
India's retail inflation rises sharply to 5.49%, surpasses RBI's target
India's retail inflation has spiked sharply, touching 5.49% on an annual basis in September. The key economic parameter now stands at a nine-month high.
Inflation: Food prices rise 9.5% year-on-year in September
India's Wholesale Price Index (WPI) based inflation has risen to 1.84% in September.
RBI Governor Shaktikanta Das warns of over-reliance on AI
Reserve Bank of India (RBI) Governor Shaktikanta Das has raised alarms over the growing reliance on artificial intelligence (AI) in the financial sector.
Indian rupee drops to lifetime low against US dollar
The Indian rupee (INR) has witnessed a sharp fall, breaching the 84 mark against the US dollar for the first time ever today.
Zerodha wants banking license but was turned down: Nikhil Kamath
India's second-largest stock broker, Zerodha, has tried to get a banking license but was turned down. The company's co-founder Nikhil Kamath revealed the news.
RBI to establish climate risk information system for financial institutions
The Reserve Bank of India (RBI) has announced plans to develop a data repository for financial institutions, one that will specifically be used to monitor climate-related risks.
Repo rate unchanged: How it impacts your home loan EMI?
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the 10th consecutive time.
Per transaction limit for UPI Lite hiked to ₹1,000
The Reserve Bank of India (RBI) has increased the per transaction limit for UPI Lite from ₹500 to ₹1,000. This is part of the central bank's plan to encourage wider adoption of digital payments.
How Mahatma Gandhi became the face of Indian currency notes
Mahatma Gandhi's face on Indian currency is something we all recognize, but did you know he wasn't the first pick for this honor?
India's manufacturing growth hits 8-month low in September
India's manufacturing sector is feeling the pinch, hitting an eight-month low in September.
India's fiscal deficit stands at ₹4.35 lakh crore from April-August
India's fiscal deficit from April to August 2024 stood at ₹4.35 lakh crore, accounting for 27% of the yearly estimate, according to government data released today.
Fossil fuel dominance in electricity generation ending by 2030: RBI
The Reserve Bank of India (RBI) has made an exciting prediction about India's electricity generation by the end of this decade.
RBI poised to cut interest rate starting December: UBS report
The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to initiate a reduction in interest rate from December this year, as per a report by UBS.
SBI Chairman explains why RBI won't cut rates in 2024
The Reserve Bank of India (RBI) is not expected to reduce the benchmark policy rate (repo rate) this year due to uncertainties surrounding food inflation, according to State Bank of India (SBI) Chairman CS Setty.
Modi government may form panel to regulate online gaming platforms
The Indian government is considering the establishment of an inter-departmental committee, to regulate online gaming platforms.
RBI to overhaul currency management infrastructure over next 5 years
The Reserve Bank of India (RBI) has announced plans to significantly overhaul its currency management infrastructure within the next four to five years.
RBI levies up to ₹23L fines on 3 NBFCs
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs), for regulatory violations and non-adherence to RBI directives.
Paytm founder pledges profitability and regulatory compliance at AGM
Paytm's founder, Vijay Shekhar Sharma, has emphasized the company's commitment to achieving profitability and meeting regulatory compliance during its Annual General Meeting (AGM) on Thursday.
RBI warns HDFC Bank on recovery practices, fines ₹1 crore
The Reserve Bank of India (RBI) has imposed a fine of ₹1 crore on HDFC Bank for violating guidelines concerning the behavior of recovery agents.
Why MobiKwik has discontinued instant withdrawals in P2P lending
MobiKwik Xtra, a peer-to-peer (P2P) lending investment product, has suspended its 'anytime withdrawal' feature.
Your EMIs on loans from HDFC Bank may go up
HDFC Bank has announced an increase in the marginal cost of funds-based lending rate (MCLR) for a three-month tenure by five basis points.
India's private credit market touches $6bn in H1 2024
India's private credit market experienced a significant surge in the first half of 2024 (H1 CY2024), with investments reaching $6 billion, according to a report by EY.
New UPI feature lets you deposit cash directly at ATMs
The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have jointly launched a new feature called UPI Interoperable Cash Deposit (UPI-ICD).
World Bank raises India's growth forecast to 7% for FY25
The World Bank has revised India's growth forecast for the fiscal year 2025, raising it from an initial projection of 6.6% to a more optimistic figure of 7%.