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RBI directs Paytm Payments Bank to stop onboarding new customers
01 Feb 2024
Reserve Bank of India (RBI) on Wednesday directed Paytm Payments Bank Ltd (PPBL) to stop onboarding of new customers with immediate effect, for failure to comply with audit rules.
RBI hikes risk margin for consumer lending by banks, NBFCs
16 Nov 2023
Reserve Bank of India (RBI) has raised the risk weights in respect of consumer credit exposure of commercial banks, including personal loans, by 25 percentage points to 125 per cent
RBI stops Bajaj Finance from digital lending
15 Nov 2023
The Reserve Bank of India (RBI) has directed Bajaj Finance Ltd to stop sanction and disbursal of loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’, with immediate effect.
RBI’s digital currency has 1.5 million users, 300,000 merchants, says governor
10 Sep 2023
Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said the central bank digital currency (CBDC) now has around 1.5 million users and that over 300,000 merchants
RBI eyes global currency role for rupee
10 Jul 2023
The internationalisation of the rupee is a continuous process involving progressive capital account convertibility, wherein the domestic currency increasingly acquires the character of a de facto freely convertible currency for international financial transactions, says an RBI group
RBI keeps policy repo rate unchanged at 6.50%
06 Apr 2023
While the inflation trajectory for 2023-24 would be shaped by both domestic and global factors RBI expects consumer price inflation to average around 5.2 per cent for 2023-24, considering the emerging trends in production and supply and assuming an annual average crude oil price (Indian basket) of $85 per barrel and a normal monsoon
RBI hikes policy repo rate by a further 25 basis points to 6.50%
08 Feb 2023
The RBI said the Monetary Policy Committee decided to remain focused on withdrawal of accommodation to ensure that inflation remained within the target going forward, while supporting growth
Non-resident claims on India increased by $34.3 billion to $389.6 billion in Q2 FY23: RBI
10 Jan 2023
RBI to soon launch digital rupee; issues concept note
11 Oct 2022
Reserve Bank defines CBDC as the legal tender issued by a central bank in a digital form, which is akin to sovereign paper currency, but in a different form, exchangeable at par with the existing currency as a medium of payment, legal tender and a safe store of value
RBI hikes policy repo rate by 50 bps to 5.40%
05 Aug 2022
The latest hike, the third since May this year, after the 40 bps and 50 bps hikes announced in May and June, respectively, may not be the last, according to indications
RBI sets up rupee payment mechanism for global trade
18 Jul 2022
The rupee payment mechanism is intended to promote growth of exports from India and to support the increasing interest of global trading community in the Indian currency, RBI stated
RBI hikes repo rate by 50 bps to 4.90% as inflation starts to bite
08 Jun 2022
RBI said it would remain focused on withdrawal of an accommodative monetary policy to ensure that inflation remains within the target going forward, while supporting growth
RBI keeps repo rate unchanged, launches SDF to absorb excess liquidity
09 Apr 2022
Simultaneously, RBI announced the activation of the Standing Deposit Facility (SDF), which will help the central bank absorb liquidity (deposits) from commercial banks without giving government securities in return to the banks
RBI keeps policy repo rate unchanged at 4%, but with focus on growth
17 Feb 2022
While the pace of the domestic recovery is catching up with pre-pandemic trends, private consumption is still lagging and the pandemic continues to impart some uncertainty to the future outlook, RBI noted
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