ASSOCHAM urges RBI to begin halt in rate hikes
New Delhi: Ahead of the bi-monthly meeting of the RBI’s Monetary Policy Committee (MPC), the ASSOCHAM has urged the MPC to moderate interest rate hikes.
RBI begins digital rupee pilot in four cities
Mumbai/IBNS: Reserve Bank of India's (RBI) retail central bank digital currency (CBDC) pilot kicked off on Thursday (Dec. 1), a month after India's central bank launched the wholesale version for the same.
India's GDP grows 6.3 pc in 2nd qtr in line with RBI's projection
New Delhi/IBNS: India’s Gross Domestic Product (GDP) grew at 6.3 percent in the Q2FY23 year-on-year, according to data released by the government on Wednesday.
CII wants RBI to consider moderating its monetary tightening pace
Mumbai/IBNS: The Confederation of Indian Industry (CII) wants the Reserve Bank of India (RBI) to consider moderating the pace of its monetary tightening from the earlier 50 basis points given the challenges emanating from global uncertainties.
Mumbai/IBNS: Paytm on Saturday informed the bourses that the Reserve Bank of India has ordered its subsidiary Paytm Payment Services Ltd (PPSL) not to onboard new online merchants, reported media.
RBI allows banks to open 12 'vostro accounts' to facilitate rupee acceptance in international trade
New Delhi: In a move to facilitate import-export trade in the rupee, the Reserve Bank of India (RBI) permitted banks to open “vostro accounts”.
India's forex reserves register biggest weekly high in over a year, shows RBI data
Mumbai: India's foreign exchange reserves shot up to the highest level during the week ended November 11 in the biggest weekly jump recorded in over a year.
'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
Reserve Bank of India may hike key lending rate by 50 bps in Dec: SBI Research
New Delhi: The Reserve Bank of India (RBI) is likely to deliver a 50-basis-point hike in the key lending rate in mid-December, SBI Research, the research arm of India's largest lender by assets, said on Monday.
Mumbai: RBI's measure to tighten interest rates with a hike in repo rate by 190 basis points in five consecutive months has failed to keep inflation under control as India's retail inflation accelerated to 7.41 percent in September, the fastest pace in five months, data released by the National Statistical Office (NSO) showed on Wednesday.
RBI axes licence of Pune Cooperative Bank
Mumbai: The Reserve Bank of India (RBI) on Tuesday cancelled the licence of The Seva Vikas Co-operative Bank Ltd in Pune.
RBI to soon commence pilot launch of digital Rupee
The Reserve Bank of India (RBI) Friday said it will soon initiate the pilot launch of the digital Rupee or e-Rupee for specific use cases.
RBI increases repo rate by 50 basis points
Mumbai: RBI Governor Shaktikanta Das on Friday said the central bank's Monetary Policy Committee (MPC) has hiked the repo rate by 50 basis points (bps).
RBI bans Mahindra Finance from outsourcing recovery activity to third party
The Reserve Bank of India (RBI) on Thursday banned Mahindra & Mahindra Financial Services from using private agents for recovery or repossession activity until further notice.
New Delhi: Finance Minister Nirmala Sitharaman has directed the Reserve Bank of India (RBI) to create a "whitelist" of loan applications that operate as per government rules and have legal sanction. She also asked the Ministry of Electronics and Information Technology (MeiTY) to ensure that only these apps are available on Google Play Store and Apple App Store.