RBI

RBI unlikely to cut rate as India’s growth is higher than potential output: SBI Report

With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in…

2 months ago

India’s forex reserve touches fresh record high of USD 692.3 billion

India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week…

2 months ago

RBI to focus on disinflation, food inflation sticky to core, says RBI’s MPC minutes

RBI Governor Shaktikanta Das highlighted the delicate balancing act faced by the central bank in the Reserve Bank of India's…

3 months ago

India’s retail inflation softens and align with RBI’s 4% target

Breaching 5 per cent in June, the retail inflation rate in India softened drastically in July. According to data released…

3 months ago

India to triple its electronic production by 2025-26: RBI

India's electronic produce has surged to 3 per cent of GDP in 2023-24, highlighted in the July 2024, monthly bulletin…

4 months ago

“India has successfully, swiftly generated new jobs” says Union Minister Piyush Goyal

Union Minister Piyush Goyal on Thursday highlighted the success the government has had in job creation in its tenure. The…

4 months ago

India to create a cross-border retail payment platform with four ASEAN countries

India has joined Project Nexus, a multilateral international initiative that aims to enable instant cross-border retail payments through interlinking payment…

5 months ago

RBI Governor Shaktikanta Das unveils monetary policy: Repo rate unchanged at 6.5 per cent

Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) has decided to keep the policy…

5 months ago

RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Report

The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20…

6 months ago

RBI’s Rs 2.11 lakh dividend provides near term support to fiscal performance: Fitch Ratings

The Rs 2.11 lakh all-time high dividend by Reserve Bank of India, will help the government in maintaining the fiscal…

6 months ago

India to emerge as an economic superpower amid looming global economic landscape

While the risk of global recession has receded, concerns of inflation are still there which re-ignites the risks of global…

6 months ago

RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy

While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF,…

7 months ago

High-interest rates sacrifice growth: RBI monetary policy member Varma favoured rate cut

Professor Jayanth R Varma, one of the six members of the Reserve Bank of India's (RBI) monetary policy committee, voted…

7 months ago

“Transformation occurred due to honesty, consistency in our efforts”: PM Modi lauds RBI

Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade…

8 months ago

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today,…

8 months ago

Strong demand, high corporate profits to propel India’s growth ahead: RBI

The high visibility of structural demand and healthier corporate and bank balance sheets are likely to propel India’s growth going…

8 months ago

Huge cache of fake notes seized in Kolkata, one arrested

A large consignment of fake Indian currency notes (FICN) was seized by Kolkata Police on Sunday and one person arrested…

1 year ago

UPI payments through conversations with AI system to be rolled out soon, says RBI

The RBI announced on Thursday that conversational payments on UPI will be introduced soon, which will allow users to engage…

1 year ago

76% of 2000-rupee notes have been returned to banks, says RBI

The RBI disclosed on Monday that 76 per cent of the 2,000-rupee notes that were in circulation have now been…

1 year ago

50% of Rs 2,000 notes have been returned so far, says RBI

The RBI disclosed today that 50 percent of the Rs 2,000 notes in circulation have come back in the first.…

1 year ago

No need to fill out forms for exchanging Rs 2000 notes, clarifies SBI

The State Bank of India’s top management has informed all branches of the bank that no form or requisition slip…

1 year ago