'A major risk looming large': RBI warns against Old Pension Scheme
Jan 18, 2023, at 04:37 am
Mumbai: The Reserve Bank of India (RBI) has cautioned states against Old Pension Scheme, saying that it would strain state finances in the future.
India's forex reserves shrink to $561.58 billion
Jan 14, 2023, at 06:07 am
Mumbai: India’s forex reserves dropped by $1.268 billion to $561.583 billion for the week ended January 6, the Reserve Bank of India said Friday.
Hitachi Payment Services receives RBI’s in-principle approval for payment aggregator licence
Jan 11, 2023, at 01:00 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has granted in-principle approval to payment solutions provider Hitachi Payment Services to operate as a payment aggregator, the company said Tuesday.
RBI details auction of India's maiden Sovereign Green Bonds worth Rs 16,000 cr
Jan 07, 2023, at 04:59 am
Mumbai/IBNS: The Reserve Bank of India on Friday notified indicative dates for India's first-ever sales of Sovereign Green Bonds (SGrB) worth Rs 16,000 in two equal tranches on January 25 and February 9 of the current financial year.
RBI working on alternate solutions for Indian banks hit by ESMA regulations
Dec 31, 2022, at 01:19 am
Mumbai: The Reserve Bank of India (RBI) is working on alternate solutions if the European markets’ regulator withdraws recognition of the Indian central bank’s counterparties.
Dec 30, 2022, at 06:57 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) expressed concern over the increase in subsidies announced by the states underscoring the adverse impact on their financial health.
RBI raises repo rate by 35 bps, lowers GDP growth forecast to 6.8%
Dec 07, 2022, at 07:08 pm
Mumbai/UNI: The Reserve Bank of India (RBI) on Wednesday raised policy repo rate by 35 basis points (bps) to contain inflation which has been above its tolerance level.
RBI hikes repo rate by 35 basis points
Dec 07, 2022, at 03:45 pm
Mumbai: The Reserve Bank of India on Wednesday announced that the repo rate has been hiked by 35 basis points to 6.25 percent.
ASSOCHAM urges RBI to begin halt in rate hikes
Dec 02, 2022, at 09:47 pm
New Delhi: Ahead of the bi-monthly meeting of the RBI’s Monetary Policy Committee (MPC), the ASSOCHAM has urged the MPC to moderate interest rate hikes.
RBI begins digital rupee pilot in four cities
Dec 01, 2022, at 11:06 pm
Mumbai/IBNS: Reserve Bank of India's (RBI) retail central bank digital currency (CBDC) pilot kicked off on Thursday (Dec. 1), a month after India's central bank launched the wholesale version for the same.
India's GDP grows 6.3 pc in 2nd qtr in line with RBI's projection
Dec 01, 2022, at 01:41 am
New Delhi/IBNS: India’s Gross Domestic Product (GDP) grew at 6.3 percent in the Q2FY23 year-on-year, according to data released by the government on Wednesday.
CII wants RBI to consider moderating its monetary tightening pace
Nov 28, 2022, at 11:01 pm
Mumbai/IBNS: The Confederation of Indian Industry (CII) wants the Reserve Bank of India (RBI) to consider moderating the pace of its monetary tightening from the earlier 50 basis points given the challenges emanating from global uncertainties.
Nov 27, 2022, at 08:51 pm
Mumbai/IBNS: Paytm on Saturday informed the bourses that the Reserve Bank of India has ordered its subsidiary Paytm Payment Services Ltd (PPSL) not to onboard new online merchants, reported media.
RBI allows banks to open 12 'vostro accounts' to facilitate rupee acceptance in international trade
Nov 26, 2022, at 05:04 pm
New Delhi: In a move to facilitate import-export trade in the rupee, the Reserve Bank of India (RBI) permitted banks to open “vostro accounts”.
India's forex reserves register biggest weekly high in over a year, shows RBI data
Nov 19, 2022, at 06:59 pm
Mumbai: India's foreign exchange reserves shot up to the highest level during the week ended November 11 in the biggest weekly jump recorded in over a year.
'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das
Nov 13, 2022, at 07:33 pm
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
Reserve Bank of India may hike key lending rate by 50 bps in Dec: SBI Research
Oct 31, 2022, at 09:59 pm
New Delhi: The Reserve Bank of India (RBI) is likely to deliver a 50-basis-point hike in the key lending rate in mid-December, SBI Research, the research arm of India's largest lender by assets, said on Monday.
Oct 13, 2022, at 03:45 am
Mumbai: RBI's measure to tighten interest rates with a hike in repo rate by 190 basis points in five consecutive months has failed to keep inflation under control as India's retail inflation accelerated to 7.41 percent in September, the fastest pace in five months, data released by the National Statistical Office (NSO) showed on Wednesday.
RBI axes licence of Pune Cooperative Bank
Oct 11, 2022, at 11:20 pm
Mumbai: The Reserve Bank of India (RBI) on Tuesday cancelled the licence of The Seva Vikas Co-operative Bank Ltd in Pune.
RBI to soon commence pilot launch of digital Rupee
Oct 08, 2022, at 02:34 am
The Reserve Bank of India (RBI) Friday said it will soon initiate the pilot launch of the digital Rupee or e-Rupee for specific use cases.
RBI increases repo rate by 50 basis points
Sep 30, 2022, at 03:52 pm
Mumbai: RBI Governor Shaktikanta Das on Friday said the central bank's Monetary Policy Committee (MPC) has hiked the repo rate by 50 basis points (bps).
RBI bans Mahindra Finance from outsourcing recovery activity to third party
Sep 23, 2022, at 03:48 am
The Reserve Bank of India (RBI) on Thursday banned Mahindra & Mahindra Financial Services from using private agents for recovery or repossession activity until further notice.
Sep 10, 2022, at 12:58 am
New Delhi: Finance Minister Nirmala Sitharaman has directed the Reserve Bank of India (RBI) to create a "whitelist" of loan applications that operate as per government rules and have legal sanction. She also asked the Ministry of Electronics and Information Technology (MeiTY) to ensure that only these apps are available on Google Play Store and Apple App Store.
Internationalisation of CBDC can address transborder payment issues, says RBI Deputy Governor
Sep 07, 2022, at 11:10 pm
RBI deputy governor T Rabi Sankar Wednesday said in New Delhi that internationalisation of CBDC was crucial to addressing the problems faced by international bodies in cross border payments, media reports said.
Inflation is likely to follow downward trajectory in India: Shaktikanta Das
Sep 03, 2022, at 06:32 am
Inflation is likely to go down in the coming months and the impact of high inflation is already past its peak, Reserve Bank of India Governor Shaktikanta Das said Friday.
Aug 20, 2022, at 03:29 am
Mumbai: The Reserve Bank of India (RBI) has issued a clarification over a bulleting article written by its researchers that said "a big bang approach to privatise them will do more harm than good" given the important role played by them in financial inclusion.
Hit by MTM losses banks may approach RBI for relief
Aug 10, 2022, at 01:29 am
Mumbai: The banks have again approached the RBI, seeking to be allowed to spread the provisions covering the marked-to-market losses citing the losses incurred in June, media reports said.
RBI increases repo rate by 50 bps, retains FY23 growth forecast at 7.2 pc
Aug 05, 2022, at 10:47 pm
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis point to 5.40 per cent in a bid to tame inflation which has been above its comfort level for the past six months in a row.
India's forex reserves grow after four weeks of decline
Aug 05, 2022, at 10:20 pm
Mumbai: India's foreign exchange reserves jumped by $2.4 billion during the week ended July 29 after falling for four consecutive months riding on the return of FPIs.
RBI hikes key lending rate by 50 basis points
Aug 05, 2022, at 03:52 pm
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday announced the bank's decision to hike the key lending rate by 50 basis points to 5.4 percent with immediate effect.