May 25, 2022 04:10 (IST)
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Andhra Pradesh Minister's house set ablaze after district renamed | PM Modi meets Japan counterpart Fumio Kishida in Tokyo, pitches investment opportunities in India | BJP top leaders meet to discuss Rajya Sabha nominations, July's Presidential poll | India, US sign investment incentive agreement in Tokyo | Creative solutions needed to tackle economic challenges in Indo-Pacific: PM Modi in Tokyo

RBI issues directive on card-less cash withdrawal

Mumbai: The Reserve Bank of India (RBI) has asked all banks and ATM service providers to offer a cardless cash withdrawal facility

At least 59 pc of inflation increase due to war impact: SBI report

At least 59 percent of the increase in inflation is because of geopolitical conflict. Against the continued increase in inflation, it is now almost certain that RBI will raise rates in the forthcoming June and August policy and will take it to the pre-pandemic level of 5.15 percent by August.

RBI allows banks to continue giving credit to NBFCs for on-lending to priority sector

Reserve Bank has asked banks as well as small finance banks (SFBs) to continue lending to the NBFCs for the purpose of on-lending to certain priority sectors.

RBI imposes withdrawal restrctions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Kolhapur

Mumbai: The Reserve Bank of India (RBI) has imposed a string of restrictions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur, including on withdrawals, owing to the lender's deteriorating financial position.

India's GDP to hit $5 trillion in FY29

India will become a $5 trillion economy only by 2029, four years later than the target set by Prime Minister Narendra Modi.

RBI hikes repo rate by 40 bps to 4.4 pc

Mumbai: Reserve Bank of India (RBI) Wednesday raised key interest rate by 40 basis points to 4.40 per cent with immediate effect.

Need for CBDC emerged due to threat posed by stablecoins: RBI Deputy Governor

Mumbai: RBI deputy governor T Rabi Sankar has said that stablecoins —cryptocurrencies pegged to stable assets such as gold or dollar are a bigger cause of worry for economies as it increases the risk of dollarisation.

RBI restores LAF, introduces SDF

Mumbai: The RBI introduced as introduced the Standing Deposit Facility or SDF at 3.75 percent as part of its liquidity management and normalisation of the Liquidity Adjustment Facility (LAF).

Despite Covid-19, turbulent geopolitical situation, India's exports remain robust: RBI

Mumbai: Despite the turbulent geopolitical situation and the recent spike in global oil and commodity prices, demand for the country's exports and key commodities remained strong, observed Shaktikanta Das, Governor, Reserve Bank of India.

RBI to take 'calibrated and nuanced' approach towards CBDC

Mumbai: The Reserve Bank of India (RBI) is all set to start testing and running pilot projects of Central Bank Digital Currency (CBDC) after legislative enablement by the Centre, RBI Deputy Governor T. Rabi Shankar said in a post monetary policy committee press conference.

Experts laud RBI's move to address inflationary pressures while balancing growth

Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.

RBI's focus shifts to inflation from economic growth amid geopolitical crisis

Mumbai: Taking note of the risks due to rising inflation amid global geopolitical incidents, after a period of two years, the RBI is prioritizing inflation over economic growth.

RBI maintains status quo, keeps repo rate unchanged at 4 percent

Mumbai/UNI: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.

RBI announces guidelines on Digital Banking Units

Mumbai/IBNS: The Reserve Bank of India (RBI) Thursday released guidelines for banks to launch digital banking units (DBUs). 

Axis Bank partners with RBI for Swanari TechSprint initiative to advance digital financial inclusion for women

Mumbai: Private sector lender Axis Bank Thursday announced its association with Reserve Bank of India Innovation Hub (RBIH) for Swanari TechSprint initiative that aims at advancing digital financial inclusion for women across the nation.