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Union Budget should focus on fiscal prudence, tax restructuring, agricultu
Updated : 1 year, 12 months ago IST
As the central government prepares for the upcoming budget on July 23rd, a research report by the State Bank of India (SBI) highlights crucial areas that need attention to drive sustainable economic growth and development.
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RBI penalizes five banks, including PNB, for regulatory non-compliance in
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions.
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India's foreign exchange reserves slightly off all-time highs; declines by
Updated : 2 years ago IST
India's foreign exchange reserves declined by USD 1.713 billion to USD 651.997 billion during the week that ended June 28, official data from the Reserve Bank of India (RBI) showed on Friday. The reserves are currently a tad lower than their all-time highs of USD 655.817 touched recently.
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RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies)
Updated : 2 years ago IST
New Delhi [India], July 3: SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, announced that it has received final approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator (PA) under the Payments and Settlement Systems Act, 2007.
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RBI appoints Arnab Kumar Chowdhury as Executive Director
Updated : 2 years ago IST
Chowdhury has experience of over three decades in the Reserve Bank of India. He has worked extensively in the area of supervision of financial entities.
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India to create a cross-border retail payment platform with four ASEAN cou
Updated : 2 years ago IST
As per a statement from the Reserve Bank of India (RBI), an agreement was signed by the BIS and the central banks of the founding countries -- Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and the RBI on Sunday (
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Former RBI Governor Dr Duvvuri Subbarao Visits Rau's IAS Study Circle: A N
Updated : 2 years ago IST
New Delhi [India], June 29: Dr Duvvuri Subbarao, former Governor of the Reserve Bank of India (RBI), made a heartfelt visit to Rau's IAS Study Circle, where he once prepared for the Indian Administrative Service (IAS) examination. This visit marked a special moment in his life, reconnecting
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RBI tracking compilation of new macroeconomic data, for aligning Indian da
Updated : 2 years ago IST
The Reserve Bank of India (RBI) is closely tracking the developments of the compilation of new global standards of macroeconomic statistics, highlighted RBI Governor Shaktikanta Das, at the 18th Statistics Day Conference in Mumbai on Friday.
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RBI extends currency swap with SAARC countries till 2027
Updated : 2 years ago IST
The Reserve Bank of India (RBI), with the approval of the Government of India, has introduced a revised Framework on Currency Swap Arrangement for SAARC (South Asian Association for Regional Cooperation) countries, covering the period from 2024 to 2027, said RBI on Thursday.
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With healthier balance sheets, banks are supporting credit growth: RBI Fin
Updated : 2 years ago IST
The global economy is currently facing significant risks stemming from ongoing geopolitical tensions, high levels of public debt, and slow progress in reducing inflation, according to the Reserve Bank of India's (RBI) 29th Financial Stability Report (FSR) released on Thursday.
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Indian government bonds in JP Morgan Govt bond Index from June 28th
Updated : 2 years ago IST
Indian Government Bonds are set to be included in the JP Morgan Government Bond Index, Emerging Market (GBI-EM) from June 28. The inclusion will take place over a period of 10 months starting June 28, 2024, through to March 31, 2025.
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India's overseas assets increased more than its foreign liabilities in FY2
Updated : 2 years ago IST
India's financial position with the rest of the world improved over the year. The country increased its overseas assets more than it increased its foreign liabilities, largely due to a rise in reserve assets, according to a data by Reserve Bank of India.
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