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- At NITI meet, PM Modi gives mantra of 3Ts, modernising agriculture to Chief Ministers in big push for 'Atmanirbhar Bharat'
- Majority of employees want hybrid work, not work from office - An insight
- Oil slides further amid recession fears, slow recovery in China imports
- Commonwealth Games schedule India day 11, August 8
Reserve Bank of India (RBI)
Can adverse developments in Taiwan following Nancy Pelosi's visit impact India? RBI Governor Shaktikanta Das responds
Fri, Aug 05, 2022
The Governor said Taiwan accounts for only 0.7 percent of India's overall trade and the capital flows from the island are also not very high. "...So far as India is concerned, you know, our trade with Taiwan is miniscule. It's about 0.7 per cent of our total trade. So therefore the impact on India is expected to be very, very, very negligible," Das told reporters here.
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How RBI repo rate hike will affect your EMIs and loan tenure - Explained
Fri, Aug 05, 2022
According to the RBI norms, banks are required to link the interest rates of loans with an external benchmark, which is generally the RBI's repo rate. Meanwhile, the bank deposit rates are also likely to increase, bringing some relief to the common man. After the rate hike by the central bank, the timing of taking the loan is crucial for home loan borrowers as they usually borrow at floating rates.
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RBI MPC meeting from Wednesday: How much rate hike is on the cards in August policy? Analysts speak
Tue, Aug 02, 2022
Analysts see a rate hike in the upcoming policy meet only because of higher inflation numbers. June marked the sixth straight month when inflation came at 7.01 per cent higher than the upper tolerance level of RBI.
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Big setback! RBI imposes restrictions on 3 cooperative banks; Know how it affects customers
Sat, Jul 30, 2022
With imposition of restrictions on Jaiprakash Narayan Nagari Sahakari Bank, Basmatnagar, depositors will not be able to withdraw funds from their accounts, the central bank said in a statement.
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MSME lending: Panel asks regulators to encourage adoption of Account Aggregator standards
Wed, Jul 27, 2022
The proposed digital ecosystem would help the concessional financing and credit guarantee to be better targeted to those sectors that are experiencing difficult economic conditions due to external factors beyond their control.
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Rupee holding up well, supplying US dollars to market to ensure adequate liquidity: RBI Governor
Fri, Jul 22, 2022
Days after the domestic currency breached the 80-level against the dollar, Das said Reserve Bank of India (RBI) has zero tolerance for volatile and bumpy movement in the rupee and added that the central bank actions have helped in smoother movement.
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Rupee settles flat at 78.94 against US dollar
Mon, Jul 04, 2022
The rupee paired its early losses and settled on a flat note at 78.94 (provisional) against the US dollar on Monday. At the interbank forex market, the local unit opened at 78.97 against the greenback and fell to an intra-day low of 79.06. It finally settled at 78.94, unchanged from its previous close.
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India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra
Fri, Jun 24, 2022
RBI Deputy Governor Michael Patra on Friday said that India is suffering from a low labor participation rate. He said that the depreciation of rupees is the lowest in the world. RBI stands for the stability of the rupee and is defending the rupee against volatility. Zee Business Tarun Sharma's report.
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RBI raises e-mandate limit for transactions up to Rs 15,000
Fri, Jun 17, 2022
The Reserve Bank of India has increased the limit of e-mandates for transactions up to Rs 15,000. The RBI raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions, as per the official release said.
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RBI lifts business restrictions on Mastercard, allows it to onboard new customers
Fri, Jun 17, 2022
The Reserve Bank of Indian (RBI) on Thursday lifted the restrictions imposed last year on Mastercard and allowed the global payment processor to onboard new customers for debit, credit or prepaid cards in India, after satisfactory compliance with data storage norms.
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