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98.26% of Rs 2000 banknotes back with RBI
Updated : 9 months, 3 weeks ago IST
The Reserve Bank of India (RBI) on Monday released an update on the withdrawal of Rs 2000 denomination banknotes, which was initially announced on May 19, 2023. The update stated that 98.26 per cent of the Rs 2000 banknotes in circulation as of the announcement date have been returned.
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Bank deposits grew by 10% in FY25, growth decline from 13% recorded in FY2
Updated : 9 months, 3 weeks ago IST
The growth of bank deposits in India slowed down to 10.6 per cent year-on-year in the financial year ended March 2025 as compared to 13 per cent in the previous fiscal, according to new data released by the Reserve Bank of India (RBI).
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RBI likely to reduce repo rates by 50 bps on June 6 to support growth: SBI
Updated : 9 months, 3 weeks ago IST
The Reserve Bank of India (RBI) is expected to announce a 50 basis points (bps) cut in the repo rate in its upcoming monetary policy announcement on June 6, according to a report by the State Bank of India (SBI).
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India's forex reserves jump about $7 billion in week ending May 23
Updated : 9 months, 3 weeks ago IST
India's foreign exchange reserves (forex) jumped USD 6.992 billion to USD 692.721 billion in the week ending May 23, official data released by the Reserve Bank of India (RBI) showed.
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Indian bond market showing strength with easing inflation and expansionary
Updated : 9 months, 3 weeks ago IST
The Indian bond market is showing signs of strength, driven by easing inflation and expectations of more interest rate cuts from the Reserve Bank of India (RBI), says a report by Jefferies.
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Banks' credit growth slowed to 9.8% in May, compared to strong growth of 1
Updated : 9 months, 3 weeks ago IST
The credit growth of banks slowed to 9.8 per cent in May 2025 as compared to a strong growth of 19.5 per cent recorded in the same period last year, according to a report by the State Bank of India (SBI).
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Strong economic growth in Q4 of FY25 due to rise in net indirect taxes, GD
Updated : 9 months, 3 weeks ago IST
India's economy recorded strong growth in the fourth quarter of FY25, mainly due to a sharp rise in net indirect taxes, stated a report by State Bank of India.
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CBI arrests bank officials in Bihar and Assam on bribery charges
Updated : 9 months, 4 weeks ago IST
The Central Bureau of Investigation (CBI) has arrested two accused, including the Branch Manager of Bihar Gramin Bank, Babhangama Branch in Sitamarhi district, and a daily wager employee (private person), for demanding and accepting a bribe of Rs. 10,000 from a complainant, according to an
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US Dollar weakness opens door for RBI to further cut repo rates by 75bps i
Updated : 9 months, 4 weeks ago IST
The weakness in the US dollar has created real room for the Reserve Bank of India (RBI) to lower interest rates further by up to 75 basis points (bps) by the end of calendar year 2025, according to a report by global financial services firm Jefferies.
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Finance Ministry asked RBI to keep small borrowers up to Rs 2 lakh out of
Updated : 9 months, 4 weeks ago IST
The Ministry of Finance on Friday said it has asked the Reserve Bank of India (RBI) to ensure that the needs of small gold loan borrowers are not affected by the central bank's proposed new rules on lending against gold as collateral.
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RBI confident of keeping inflation below 4% over the year in FY26: Annual
Updated : 9 months, 4 weeks ago IST
The Reserve Bank of India (RBI) has expressed confidence in aligning headline inflation with its target of 4.0 per cent over a 12-month horizon, supported by easing food prices and favourable economic conditions.
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Corporate bond yields eased in 2024-25; turnover and issuances see strong
Updated : 9 months, 4 weeks ago IST
Corporate bond yields softened in 2024-25, tracking the decline in government securities (G-sec) yields, according to the Reserve Bank of India's annual report released on Thursday.
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