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RBI keeps policy rates unchanged; raises inflation forecast, lowers growth
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): In the first monetary policy review of the financial year 2022-23, the Reserve Bank of India (RBI) on Friday kept key policy interest rates unchanged for the 11th time in a row and sharply raised inflation projection and lowered growth forecast du
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Card-less cash withdrawal to be made available at all ATMs: RBI
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Friday proposed to make card-less cash withdrawal facility available across all banks and automated teller machine (ATM) networks using unified payments interface (UPI).
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RBI raises inflation forecast for FY 2022-23 to 5.7 per cent
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Friday revised upward the inflation forecast for the current financial year to 5.7 per cent from its earlier projection of 4.5 per cent announced in February.
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RBI cuts real GDP growth projection to 7.2 pc for FY 23
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): While maintaining an accommodative stance, the Reserve Bank of India (RBI) on Friday cut the real Gross Domestic Product (GDP) growth projection for the current Financial Year 2022-23 to 7.2 per cent, against the earlier projection of 7.8 per c
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RBI keeps repo, reverse repo rates unchanged for 11th time in row
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India's (RBI) Monetary Policy Committee on Friday voted to keep the benchmark repo and reverse repo rates unchanged for the 11th consecutive time.
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Equity indices flat amid volatility ahead of RBI's first Monetary Policy C
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): Equity indices opened flat on Friday amid the volatility ahead of the policy outcome of the Reserve Bank of India's (RBI) first Monetary Policy Committee meeting this fiscal year.
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RBI releases guidelines on establishment of Digital Banking Units
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 7 (ANI): The Reserve Bank of India (RBI) on Thursday issued guidelines for the establishment of 'Digital Banking Units' as announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman earlier this year.
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National Institute of Bank Management and TalentSprint join forces to crea
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 5 (ANI/BusinessWire India): TalentSprint, a global edtech company and a market leader in transformational deeptech programmes, and the National Institute of Bank Management (NIBM), an autonomous Apex Institute established by the Reserve Bank of India (RBI)
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India's forex reserves dip 3rd straight week; fall by $2.03 billion
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 2 (ANI): India's foreign exchange (forex) reserves dipped by $2.03 billion in the week ended March 25, recording a sharp drop for the third consecutive week, as the Reserve Bank of India (RBI) intervened in the currency markets by way of dollar sales to pr
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India's current account deficit rises to USD 23 billion in Q3 of 2021-22
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], March 31 (ANI): India's current account deficit (CAD) surged to USD 23 billion in the third quarter of 2021-22 from USD 9.9 billion in the previous quarter and USD 2.2 billion recorded in October-December 2020 period, the Reserve Bank of India (RBI) data showed
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India's forex reserves slump by another $2.59 billion
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], March 26 (ANI): India's foreign exchange (forex) reserves dipped by $2.59 billion in the week ended March 18, recording a sharp drop for the second consecutive week as the Reserve Bank of India (RBI) heavily sold dollars to prevent slide in the value of rupee
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SBI Chairman flags off mobile medical unit project
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], March 24 (ANI/NewsVoir): State Bank of India's Chairman, Dinesh Khara flagged off "SBI Sanjeevani-Clinic on Wheels", a mobile medical unit project at State Bank Bhavan, Mumbai. A batch of 5 such Mobile Medical Units were flagged off to provide primary healthcare
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