05 May 2021
RBI announces Rs. 50,000 crore liquidity for COVID-19-related healthcare
The Reserve Bank of India (RBI) today announced a Rs. 50,000 crore lending program to ramp up coronavirus-related healthcare infrastructure and services until 2022 in view of the catapulting COVID-19 crisis in the country.
05 Feb 2021
Repo rate untouched, 10.5% GDP growth predicted in 2021-22
Reserve Bank of India (RBI) has decided to leave key rates unchanged, Governor Shaktikanta Das said on Friday, in his first address after the Union Budget was presented on Monday.
24 Dec 2020
RBI says Indian economy recovering faster than expected
The Indian economy, which was dealt a heavy blow by the coronavirus pandemic, is recovering faster than expected and could also register a minor positive growth in the third quarter of the current fiscal year, the Reserve Bank of India (RBI) said.
04 Dec 2020
RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged
On Friday, the Reserve Bank of India revised the real GDP growth projection for 2020-21 to -7.5%, after initially predicting that it would be -9.5%.
26 Nov 2020
RBI Governor Shaktikanta Das happy with Indian economy's recovery
RBI Governor Shaktikanta Das is happy with the way the Indian economy is performing. On Thursday, he said that the pick-up in recovery has been stronger than expected.
09 Oct 2020
Repo rate unchanged; RTGS payment will be available 24*7: RBI
RBI Governor Shaktikanta Das on Friday announced Monetary Policy Committee's decisions and spoke about the revival of the coronavirus-battered Indian economy.
14 Sep 2020
India's retail inflation dips marginally to 6.69% in August
India's retail inflation stood at 6.69% in August, according to data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday.
06 Aug 2020
As economy suffers, RBI keeps repo rate unchanged
On Thursday, RBI Governor Shaktikanta Das announced that repo rate and reverse repo rate will not change, a move which would keep retail prices contained.
22 May 2020
Amid coronavirus crisis, RBI extends loan moratorium till August
Addressing the media on Friday, RBI Governor Shaktikanta Das said the central bank has brought down the repo rate by 40 basis points.
17 Apr 2020
Struggling economy gets RBI's boost, big announcement for banks
With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.
27 Mar 2020
RBI's 3-month EMI moratorium: All you need to know
Earlier in the day, the Reserve Bank of India (RBI) announced a few measures in view of the 21-day lockdown over coronavirus.
27 Mar 2020
Coronavirus: Day after Centre's economic package, RBI cuts repo rate
RBI has cut repo rate by 75 basis points, bringing it down from 5.15% to 4.4%, Governor Shaktikanta Das told media at a briefing on Friday. The reverse repo rate was reduced by 90 basis points to 4%.
18 Mar 2020
Yes Bank resumes full banking services as RBI lifts moratorium
The ailing private lender Yes Bank on Wednesday confirmed that its banking services are now fully operational.
16 Mar 2020
India not immune to economic impact of COVID-19: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.
06 Mar 2020
Amid Yes Bank crisis, Sitharaman assures depositors' money safe
Finance Minister Nirmala Sitharaman on Friday gave assurance to the depositors of cash-starved Yes Bank.
18 Feb 2020
Telcos partially pay government dues; 'slim hope' for Vodafone-Idea
Ailing telecom companies have paid their dues linked to adjusted gross revenue (AGR) in part to the government.
14 Jan 2020
BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions
Days after the Reserve Bank of India imposed regulatory restrictions on a co-operative bank in Bengaluru, Bharatiya Janata Party MP Tejasvi Surya assured panicked depositors that the Finance Minister was personally looking into the matter.
10 Oct 2019
PMC crisis: Nirmala Sitharaman says she'll talk to RBI Governor
Finance Minister Nirmala Sitharaman met distressed customers of the crisis-hit Punjab and Maharashtra Co-operative Bank (PMC) on Thursday and assured them she will speak to Shaktikanta Das, the Governor of Reserve Bank of India (RBI), this evening.
20 Sep 2019
India Inc. welcomes Sitharaman's tax announcement, Modi calls it historic
The effect of Finance Minister Nirmala Sitharaman's massive announcement was seen instantly as markets rejoiced on Friday.
27 Aug 2019
#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government
Amid an economic slowdown in the country, Reserve Bank of India (RBI) stepped in to bail out Prime Minister Narendra Modi's government.
24 Jun 2019
RBI's Deputy Governor Viral Acharya quits before term ends: Report
Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.
11 Jun 2019
No charges on RTGS, NEFT transfers from July 1: RBI
The Reserve Bank of India (RBI) has decided to waive off all charges on RTGS and NEFT system fund transfers from July 1, 2019.
29 Apr 2019
#ElectionPhase4: 72 constituencies go to polls, Bollywood celebrities vote
The fourth phase of elections began on Monday as 72 Lok Sabha seats, spread across 9 states, went into polling. In this phase, 957 candidates are in the fray.
27 Apr 2019
RBI set to issue new 'greenish yellow' Rs. 20 notes
The Reserve Bank of India has announced that it would issue new Rs. 20 notes shortly. The notes in the Mahatma Gandhi (New) series will be greenish yellow in color and will bear the signature of Governor Shaktikanta Das.
07 Feb 2019
RBI cuts repo rate by 25bps; loans/EMIs to get cheaper
Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.
14 Dec 2018
Operational independence of central banks important: IMF director
The International Monetary Fund (IMF) yesterday said that "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
13 Dec 2018
Sensex rises over 200 points, Nifty reclaims 10,800 mark
The equity benchmark BSE Sensex today rose 263.70 points, or 0.74%, to 36,042.77 in early trade, a day after Shaktikanta Das took charge as the new Governor of RBI and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.
12 Dec 2018
Shaktikanta Das takes charge as new RBI Governor
A day after he was appointed as the new Governor of the Reserve Bank of India (RBI), Shaktikanta Das, on Wednesday, took charge of the central bank.
11 Dec 2018
Shaktikanta Das becomes the new RBI governor
On Tuesday, Shaktikanta Das was made the Governor of Reserve Bank of India after Urjit Patel resigned on Monday. He will join office immediately.
30 Nov 2017
Looking back at 100 years of Re 1 currency note
India's smallest currency note, Rupee 1, turns 100 today.
31 May 2017
How is a Re 1 note different from other currencies?
After a hiatus of 22 years, Re 1 note will resurface in a brand new avatar.
30 May 2017
RBI to soon circulate new Re. 1 notes
The RBI has announced it will soon issue new one rupee notes. The current notes and coins in existence will also continue.
12 Apr 2017
Demonetization: ATMs still short of cash by 30%
Cash infusion into ATMs is still running short by 30%, five months after demonetization of Rs. 500 and Rs. 1,000 notes, said Cash Logistics Association.
07 Apr 2017
GST: Parliament passes four key bills
The parliament on April 6 passed four bills on the GST after they were approved by the Rajya Sabha without any amendments, paving the way for its nationwide rollout.
04 Apr 2017
Demonetization: Cash withdrawal drops amid lack of low-value currency
Three weeks after RBI lifted withdrawal-restrictions, several ATMs continue to run short of cash, especially Rs. 500 and Rs. 100 notes.
29 Mar 2017
GST bill: Implementation may be delayed to September 1
Implementation of the GST bill may be delayed from the planned July 1 to September 1 for further fine-tuning of the bill and to give industries more time to prepare.
20 Mar 2017
Cabinet approves key legislations on GST
The union cabinet on March 20 cleared key legislations relating to the Goods and Services Tax, including the Integrated GST, the Central GST, the State or Union Territory GST, and a law related to compensation to states.
16 Mar 2017
Council clears final 2 bills, GST dream one step closer
The GST council approved two crucial legislations - the state GST and the union territory GST bills.
13 Mar 2017
Savings account cash withdrawal limits lifted
The RBI has removed the cap on withdrawal of money from savings accounts, effective today. Earlier there was a withdrawal cap of Rs. 50,000 per week.
04 Mar 2017
GST Council approves the laws; July deadline seems realistic
The GST Council has cleared the Central GST and Integrated GST law. However the legal framework for the State GST and Union Territory GST have yet to be cleared by the Law Commission.