Covid-19-related liquidity measures announced by the central bank, excluding the interest rates, came with a sunset date, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said.
New Delhi/UNI: The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on Tuesday.
New Delhi: Private lender HDFC Bank on Saturday said that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.
The Reserve Bank of India (RBI) is estimated to have offloaded $2 billion in the local currency market to control wild fluctuations in the exchange rate, the biggest central bank intervention in the aftermath of Ukraine-Russia war, ET reported citing market sources.
The Reserve Bank of India (RBI) extended the time to implement the stricter prudential norms applicable on all lenders to September 2022 in connection with the guidelines regarding upgrading an NPA account as standard but upon clearing all dues.
New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.
New Delhi/IBNS: Private cryptocurrencies like Bitcoin and Ethereum, as well as non-fungible tokens (NFT) will never become legal tenders as their values are fixed by private entities, Finance Secretary TV Somanathan said Tuesday.
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has clarified the difference between Digital Currency to be issued by the Reserve Bank of India (RBI) and the digital assets, which includes the "crypto world", where the transactions will now attract a 30 percent tax.
New Delhi: Union FM Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23.
New Delhi: The Reserve Bank of India will introduce digital rupee in FY22-23 using blockchain and other technologies, Union Finance Minister Nirmala Sitharaman announced in her Budget2022 speech in Parliament on Tuesday.
Mumbai/IBNS: The Centre has approved the merger of cash-strapped Punjab and Maharashtra Co-operative bank with Unity Small Finance Bank (UNSFB), the Reserve Bank of India (RBI) said Tuesday.
New Delhi/UNI: Indian Association of Tour Operators (IATO), the apex inbound tour operators body, on Friday sought special status for the tourism industry.