RBI approves a dividend of Rs 2.11 lakh cr to Centre, an increase of 141% YoY

Mumbai: The Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, a significant increase of around 141 percent compared to FY23.

RBI permits SPDs to borrow in foreign currency

Mumbai: The Reserve Bank of India (RBI) on Friday granted standalone primary dealers (SPDs) permission to borrow in foreign currency from their parent companies and authorised entities.

RBI cracks whip on peer-to-peer lenders over violation of rules and misselling: Report

Mumbai: The Reserve Bank of India has instructed peer-to-peer lending platforms to halt certain activities after inspections revealed violations of rules and deceptive sales practices, Reuters reported.

RBI allows banks to continue giving credit to NBFCs for on-lending to priority sector

Reserve Bank has asked banks as well as small finance banks (SFBs) to continue lending to the NBFCs for the purpose of on-lending to certain priority sectors.

Dollar swap to help RBI manage balance sheet

Mumbai: The Reserve Bank of India’s $5 billion two-year sell/buy swap is a positive step in improving its position in multiple ways, according to analysts.

RBI keeps repo rate unchaged at 6.5, Rupee goes lowest to breach 74

Mumbai, Oct 5 (IBNS) :The Reserve Bank of India (RBI) on Friday kept the repo rate (key lending rate) unchanged at 6.5 per cent while, maintaining its steady plummeting rate,  rupee breached the 74-mark against US dollar for the first time.

RBI soon to issue new 100-rupee notes in lavender colour

Mumbai, July 19 (IBNS): The Reserve Bank of India will shortly issue Rs 100 - Rupee banknotes in the Mahatma Gandhi (New) Series.

There is sufficient supply of notes, don't panic : RBI assures people

Mumbai, Nov 17 (IBNS) : Assuring that there is a sufficient supply of notes, the Reserve Bank of India on Thursday urged the people not to panic and hoard currencies.