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2 mins read
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
2 mins read
UPI Lite wallet limit and transaction limits for feature phone users increased
The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…
3 mins read
RBI projects 7.2% GDP growth for FY25, CPI inflation to moderate at 4.5%
The Reserve Bank of India (RBI) has projected India's real GDP growth for FY25 at 7.2%, while CPI i…
2 mins read
RBI sees a positive shift in FPI's flows in the domestic market, $9.7 bn from June till August 6
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers i…
ANI
1 min read
India's forex reserves at record high of USD 675 billion, external sector resilient: RBI Governor Shaktikanta Das
The previous all-time high for the kitty was USD 670.857 billion on July 19 this year, and the last…
PTI
3 mins read
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…
PTI
2 mins read
RBI to soon launch app to enable retail investors to participate in govt bonds
The Reserve Bank on Friday announced the launch of a mobile app to enable retail investors to parti…
PTI
2 mins read
PNB's net profit zooms 327% to Rs 1,756 crore, highest in 14 quarters
Public sector lender Punjab National Bank (PNB) on Thursday reported a 327 per cent jump in net pro…
PTI
4 mins read
Indian bank stocks drag Nifty, Sensex for the second straight day after RBI policy
While the Reserve Bank of India’s (RBI) monetary policy committee (MPC) kept base rates unchanged t…
3 mins read
RBI's MPC 'decisively' in a rate-pause mode as inflation cools down
The Reserve Bank of India’s Monetary Policy Committee (MPC) sprung a surprise by pausing rate hikes…
3 mins read
India to grow at 6.4% in FY24 says RBI, projects FY23 growth rate at 7%
The Indian economy is projected to grow at 6.4% in 2023-24, said the Reserve Bank of India (RBI) on…
3 mins read
Adjusted for inflation, policy rate still remains accommodative, says RBI Governor
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, sai…
ANI
2 mins read
RTGS fund transfer system will be available 24x7 in the next few days, says RBI
Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a wee…
PTI
2 mins read
RBI bars public and cooperative banks from doling of dividends for a second time — adds to the three-year drought of payouts
The Reserve Bank of India (RBI) announced that public sector banks and cooperative banks would not …
3 mins read
RBI Governor believes there's room for a rate cut but it will depend upon moderation in inflation
"I recognise that there exists space for future rate cuts if the inflation evolves in line with our…
PTI
3 mins read
RBI brings in KV Kamath to set the boundaries for a one-time restructuring of loans
The Reserve Bank of India (RBI) has taken heed to the call of industry leaders and is open to the i…
3 mins read
Reserve Bank of India cuts interest rates to the lowest in over 2 decades as the central bank expects the GDP to contract this financial year
The Monetary Policy Committee was unanimous in its decision to cut rates and “maintaining the ac…
3 mins read
From 15 million job lost in exports sector to government seeking proof of PM-CARES donations - here's all the headlines you may have missed today
Asian Development Bank (ADB) President Masatsugu Asakawa on Friday assured Finance Minister Ni…
PTI
2 mins read
FinMin and RBI to connect over videocall to decide borrowing plan for FY21
The meeting between the Finance Ministry and Reserve Bank of India (RBI) will be held through v…
PTI
4 mins read
Yes Bank is damaged beyond repair, says Nomura while RBI tells depositors to keep calm
The private bank on the brink of collapse has been saved by the government, and the regulator Reser…