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Reserve Bank of India News

28 Nov 2024

Credit Card Spending In India Crosses Rs 2 Lakh Crore In October

According to latest data by the Reserve Bank of India (RBI), credit card spending in October reached Rs 2.02 lakh crore, up 13 per cent (year-on-year).

Nirmala Sitharaman

27 Nov 2024

FM Nirmala Sitharaman To Move Bills In Lok Sabha Today To Amend Banking Laws

The Bill seeks to amend different banking laws to alter the tenure of directors of cooperative banks and expand provisions for the settlement of unclaimed amounts.

Reserve Bank of India

26 Nov 2024

RBI Governor Shaktikanta Das Hospitalised

Das is now being monitored while there is no immediate official information from the hospital.

17 Nov 2024

Indian Economy Capable Of Handling Global Shocks: RBI Governor

The central bank chief also pointed out that India has one of the largest foreign exchange reserves in the world at about $675 billion.

Reserve Bank of India

14 Nov 2024

Risk Of Inflation Coming Back And Growth Slowing Down Globally: RBI Governor

Central banks across the world resorted to tightening of monetary policy because of high inflation due to supply chain disruptions and the war in Ukraine.

Reserve Bank of India

13 Nov 2024

Digital Transfers Of Funds For Public Services Up 56% In 2024: RBI Deputy Guv

Forecasts suggest that generative AI will contribute $359-438 billion to India’s GDP by 2029-30.

Sovereign gold bond

12 Nov 2024

Sovereign Gold Bond Scheme SGB 2016-17 Series III Final Redemption On Nov 16

Sovereign Gold Bond Scheme 2016 Final Redemption: How Much Money Will You Get? Check Details.

Reserve Bank of India

08 Nov 2024

KYC Rules: RBI Makes 6 Amendments, New Rules Effective Immediately --Check

Amendments have also been made regarding CDD Procedure and sharing KYC information with the Central KYC Records Registry (CKYCR). CKYCR is an entity which receives, stores, safeguards and retrieves KYC records in the digital form of a customer.

Reserve Bank of India

04 Nov 2024

Rs 2.25 Lakh Salary: RBI Invites Applications For Post Of Deputy Governor

The appointment of RBI Deputy Governor will be for a period of three years and the person will be eligible for re-appointment.

Reserve Bank of India

31 Oct 2024

RBI’s Secret Diwali Mission: 102 Tonnes Of Gold Brought India From England

India, like many other countries, keeps a portion of its gold reserves with the Bank of England for easy access to the London bullion market.

Reserve Bank of India

18 Oct 2024

Interest Rate Cut Likely Soon? RBI Governor Drops Major Hint

During the October monetary policy announcement, RBI had maintained the status quo on rate and changed stance to 'Neutral' from 'Withdrawal of Accommodation.'

Reserve Bank of India

17 Oct 2024

RBI Takes Action Against 4 NBFCs Over Excessive Interest Rates, Non-Compliance

These business restrictions aim to address several supervisory concerns observed during inspections and data analysis.

Reserve Bank of India

16 Oct 2024

Latest UPI, UPI Lite Limits For Various Transactions October 2024

The Reserve Bank of India (RBI) last week announced a couple of limit hike for UPI Lite and UPI123Pay

Reserve Bank of India

11 Oct 2024

RBI Governor Shaktikanta Das pays homage to Ratan Tata

The 25th RBI Governor, Das, was nominated by the Tamil Nadu Government to serve as the Chairman of a Tata Group Company, Titan from 2006 to 2008.

Reserve Bank of India

09 Oct 2024

RBI Retains FY25 Growth Forecast At 7.2% In Bi-Monthly Monetary Policy

In August policy also, RBI had projected the real GDP growth at 7.2 per cent for the fiscal.

Reserve Bank of India

09 Oct 2024

RBI Introduces Beneficiary Account Name Look-up Facility In RTGS, NEFT Payment

Beneficiary Account Name Look-up facility will enable the remitter to verify the name of the account holder before effecting funds transfer to him/her through RTGS or NEFT.

Reserve Bank of India

09 Oct 2024

UPI Lite Wallet Limit Increased To Rs 5,000 From Rs 2,000

UPI Lite Wallet Limit Increased To Rs 5,000 From Rs 2,000

Reserve Bank of India

09 Oct 2024

RBI Monetary Policy: Will The Central Bank Change Interest Rates Today? Check

RBI has maintained the repo rate at 6.50 per cent for the past nine consecutive meetings, adopting a cautious stance to balance inflationary concerns with the need for economic growth.

RBI monetary policy

07 Oct 2024

RBI Monetary Policy: Will RBI Maintain Status Quo Or Go For A Rate Cut?

RBI Monetary Policy: The RBI Governor will announce the MPC decision on October 9.

Reserve Bank of India

06 Oct 2024

RBI MPC Likely To Maintain Status Quo On Policy Rates: Experts

Further, India, as of now, doesn’t face the challenge of the GDP growth falling consistently.

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