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Rupee rises 7 paise to 84.22 against US dollar in early trade

Moreover, the win by the incumbent government in Maharashtra, further fueled investor confidenc…

PTI   


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Curious to know what the Reserve Bank does? Star India will soon produce a web series narrating the RBI's 90-year journey

The series will be available on both national television and OTT platforms, expanding its reach and…

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Shaktikanta Das receives award for A+ grade in Central Bank Report Cards 2024 in USA

The Central Bank Report Cards, published annually by Global Finance since 1994, grade the central b…

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India likely to grow at 7.2% in FY25, says RBI deputy governor

India's rising working-age population and digital advancements are pivotal in this growth.

PTI   


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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…

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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…

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RBIs MPC meet concludes today: Repo rate left unchanged at 6.5%

Treading along expected lines, RBI rate-setting panel left the repo rate unchanged at 6.5% for the …

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RBI MPC announcement today: Rates unlikely to change, RBI may change stance to neutral

The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) me…

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RBI's monetary policy committee meeting begins today, announcement on October 9

The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting on Monday and…

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Forex reserves drop USD 1.31 bn to USD 656.5 bn

The kitty had dropped a record USD 17.761 billion to USD 657.892 billion in the previous reporting …

PTI   


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Majority of users say they will stop using UPI if transaction fee is levied, notes a LocalCircles survey

Only 22 % UPI users surveyed are willing to bear a transaction fee on payments, 75% of respondents …

PTI   


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RBI Governor Das, industry leaders and film stars cast votes in Maharashtra Assembly Polls

RBI Governor Shaktikanta Das voted in the Maharashtra Assembly elections. Industry leaders like Dee…

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3 mins read

RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty

T​​​​he US Federal Reserve's first cut in interest rates in more than four years happened today, tr…

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Sensex and Nifty extend losses amid inflation woes and FII selling pressure

Despite domestic investors buying shares, sectors like FMCG and energy faced pressure. However, rea…

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Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade

The Indian Rupee hit a new all-time low against the US dollar, reaching 84.40 due to foreign fund o…

PTI   


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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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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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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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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