Reserve Bank of India (RBI)
Banking sector needs to address governance gaps to meet upcoming challenges: RBI Dy Guv
Mon, Jun 05, 2023
Also, he said, "while we collectively aspire for an efficient financial intermediation with positive spillover to the real sectors, these aspirations are set in an increasingly competitive, diverse, and interconnected world.
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Currency management exercise, not demonetisation: RBI to Delhi HC on Rs 2000 note issue
Fri, May 26, 2023
The Reserve Bank of India (RBI) on Friday told the Delhi High Court that its decision to withdraw Rs 2,000 notes from circulation is only a "currency management exercise and not demonetisation".
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RBI directs banks to act against people with fake Rs 2000 notes, suspicious accounts and transactions
Sun, May 21, 2023
RBI has written a letter to managing directors, chairmen, and chief executive officers of all banks, asking them to inform investigating agencies about suspicious accounts and transactions
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Ex-chief economic advisor Subramanian on why withdrawal of Rs 2000 notes won't affect a common man
Sat, May 20, 2023
Krishnamurthy Subramanian said that the withdrawal of Rs 2,000 currency notes wouldn't affect a common man because of increasing digital transactions and the low percentage of Rs 2,000 notes in circulation in the market
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Rs 2,000 notes withdrawal will help curb black money to 'great extent': Former RBI DG
Fri, May 19, 2023
Former Reserve Bank Deputy Governor R Gandhi on Friday said withdrawal of the Rs 2,000 bank notes will help in curbing black money to a "great extent" because people are hoarding the high value currency.
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RBI approves Rs 87,416 crore dividend: Will this undershoot the 5.9% GDP target? — Economists decode
Fri, May 19, 2023
Economists also highlighted the fact that apart from RBI dividends, dividends from other public service banks will also help garner more revenue, which will eventually contribute to the GDP of the country.
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RBI to be on a prolonged pause, may cut rates in early 2024: Analysts
Fri, Apr 21, 2023
The RBI has raised rates by a cumulative 2.50 percentage points since last May before opting for the pause due to persistently high inflation, which has overshot the upper tolerance band of 6 per cent for the bulk of the last year.
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RBI grants AU Small Finance Bank to deal with foreign exchange
Wed, Apr 19, 2023
Reserve Bank of India vide its letter dated April 19, 2023 has granted Licence to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange, AU Small Finance Bank said in a regulatory filing.
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RBI MPC Meeting: Reserve Bank of India may raise repo rate by 25 bps on April 6, cut by year-end
Wed, Mar 29, 2023
Since May 2022, the RBI has hiked rates by 250 basis points, hurting borrowers and some are already concerned about loan tenures extending beyond their working lives as a result of the hikes.
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RBI imposes Rs 30 lakh penalty on Karur Vysya Bank for non-compliance with regulations
Fri, Mar 24, 2023
After considering the bank’s reply to the notice, oral submissions made during the personal hearing and additional submissions made by it, the RBI came to the conclusion that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty on the bank, a press release said.
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Fed raises rate again amidst banking crisis in the USA, will RBI follow the same?
Thu, Mar 23, 2023
Economists made it clear that, in contrast to the US economy, where a recession is expected to occur, there is room for future repo rate increases in India because the RBI must give reducing inflation a top priority.
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Unlike the global economy, India would not slow down: RBI article
Tue, Mar 21, 2023
Even as global growth is set to slow down or even enter a recession in 2023 as global financial markets wager, India has emerged from the pandemic years stronger than initially thought, with a steady gathering of momentum since the second quarter of the current financial year, it said.
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