RBI

Investment sans consumption could hamper inclusive growth: RBI

22 Jan 2024

The Indian economy recorded stronger than expected growth in 2023-24, underpinned by a shift from consumption to investment.

India’s forex reserves grow $58 bn year-to-date to $620.4 bn

31 Dec 2023

India's foreign exchange reserves increased by $57.63 billion year-to-date, taking overall forex reserves with the Reserve Bank of India (RBI) to $620.44 billion

Net financial assets of non-residents in India up $7.4 bn in Q2 FY24

31 Dec 2023

Net financial assets of non-residents in India increased by $7.4 billion to $380.9 billion in the second quarter of the current financial year (July-September 2023-24)

RBI MPC maintains 6.5% repo rate, raises FY24 GDP forecast to 7%

08 Dec 2023

In its bi-annual policy announcement, the Reserve Bank of India’s Monetary Policy Committee (RBI MPC) opted to keep the repo rate unchanged at 6.5%, marking the fifth consecutive decision to maintain the status quo.

RBI Governor Das: Increased risk weight is a precautionary approach to ensuring sustainable lending

23 Nov 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the recent instruction to increase risk weights for unsecured consumer loans by banks and non-banking financial companies (NBFC) is a cautious measure taken to ensure sustainable lending.

Net claims of non-residents on India decline to $367.8 billion in March

10 Jul 2023

India negotiates cross-border digital currency payments

10 Jul 2023

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 imposes Rs3cr penalty on Amazon Pay for non-compliance

09 Mar 2023

RBI reviews regulatory framework on recovery of penal charges on loans

08 Feb 2023

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

RBI extends deadline for revised bank locker agreements

30 Jan 2023

Reserve Bank revises rules related to acquisition for banks

30 Jan 2023

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

Counterfeit Rs500 banknotes swell by over 100% in FY22

30 May 2022

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 issues guidelines for setting up Digital Banking Units

09 Apr 2022

Standing Deposit Facility to absorb banks’ excess liquidity

09 Apr 2022

RBI tells Paytm Payments Bank to stop adding new customers

14 Mar 2022

RBI launches UPI for feature phones and 24x7 helpline for digital payments

14 Mar 2022