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2 mins read

Rs 2,000 notes: 97.96% returned; Rs 7,261 crore worth notes still with public

The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices o…

PTI   


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2 mins read

RBI imposes penalties on three housing finance companies for non-compliance with directions

The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…

ANI   


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3 mins read

Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report

As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…

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2 mins read

Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor

He also highlighted one particularly concerning practice that involves the invasion of customers' p…

ANI   


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2 mins read

After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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2 mins read

Lower money creation by RBI, substantial rise in banks profits behind decline in loan-to-deposits ratios in banks: Nomura

One of the contributors to the decline in systemic LDR is the lower net money creation by the RBI o…

ANI   


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3 mins read

Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council

The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…

ANI   


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2 mins read

Gold medalist in central bank Olympics-All you need to know about RBI governor Shaktikanta Das

EU's Christine Lagarde, Cambodia's Chea Serey and Sweden's Erik Thedéen were amongst those receivin…

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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   


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2 mins read

Risk-based premium for deposit insurance merits consideration: RBI Deputy Governor Swaminathan

Speaking at a conference in Jaipur, Swaminathan also said that as the financial sector becomes more…

PTI   


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3 mins read

Bill to provide up to four nominees to a bank account introduced in Lok Sabha

Another proposed change relates to redefining 'substantial interest' for directorships, which could…

PTI   


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1 min read

Surge in top-up housing loans not system-wide issue, says RBI Governor

Such cases are being dealt at the supervisory level bilaterally, he said. "Such practice…

PTI   


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2 mins read

RBI to set up public repository of digital lending apps to check unauthorised players

In a post-monetary policy review address, RBI Governor Shaktikanta Das said the central bank has ta…

PTI   


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4 mins read

RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly

​MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…

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1 min read

RBI to hold rates, may sound more confident of reaching inflation target, says report

​​The rate-setting panel may prefer to stick to the 'withdrawal of accommodation' stance of the mon…

PTI   


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2 mins read

UPI transactions cross Rs 20 trillion for third successive month, in July 2024

Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…

ANI   


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RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system

The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…

ANI   


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Rupee falls 3 paise to close at all-time low of 83.66 against US dollar

On Thursday, the rupee depreciated 5 paise and settled at a new low of 83.63 against the US dollar.

PTI   


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1 min read

Rupee recovers from all-time low, rises 9 paise to 83.69/USD in early trade

At the interbank foreign exchange market, the local unit opened at 83.72 against the American curre…

PTI   


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2 mins read

Rupee trades in narrow range against US dollar in early trade

At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at …

PTI