Reserve Bank of India

New Delhi: The Reserve Bank of India (RBI) has said that as a regulator and supervisor, it maintains a constant vigil on the banking sector and on individual banks to maintain financial stability. The RBI statement has come amidst media…

New Delhi: Finance Minister Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today. According to it, India’s GDP growth rate in Financial Year 24 (FY24) will be 6.5 per cent. The growth for the continuing financial year…

New Delhi: The RBI of Wednesday decided to increase its repo rate by 35 basic points. This latest decision of the RBI will have an impact on general customers of banks. Repo rate is the interest rate at which the Central bank lends money…

New Delhi: The International Financial Services Centres Authority (IFSCA) and the Reserve Bank of India (RBI) have entered into a Memorandum of Understanding (MoU). The MoU is for collaboration in the field of regulation and supervision of…

New Delhi: Monetary penalties were imposed on two cooperative banks of Odisha by the Reserve Bank of India (RBI) for various contraventions and non-compliances with financial guidelines. The RBI has also imposed similar penalties on seven…

New Delhi: Reserve Bank of India (RBI) announced that it has appointed a liquidator for winding up the affairs of Pune-based 'Rupee Co-operative Bank Limited'. This appointment was done after the appellate authority dismissed an appeal…

New Delhi: A pilot program of its e-rupee or Indian digital currency was started by the Reserve Bank of India from Tuesday. Through it India enters the realm of Digital currency transaction. The RBI has allowed nine banks to use Digital…

New Delhi: The Reserve Bank of India has scheduled an additional meeting of its Monetary Policy Committee on the 3rd of November. With recent data revealing that India’s retail inflation had risen to 7.41 percent in September, the Reserve…