RBI likely to transfer Rs 1 trillion to government in FY25

The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1000 billion to the government IN FY25...

RBI proposal on under-construction projects raises alarm

The Reserve Bank of India's (RBI) proposal to set aside 5 per cent of the loan for construction projects, which is...

SBI's net profit grows 18% in fourth quarter, 20.5% in 2023-24

The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net...

Orient Craft Announces Debt-free Status

New Delhi [India], May 9: Orient Craft Limited, India's leading player in the garments manufacturing and exports...

Private digital currencies potentially dangerous, CBDC safe: RBI

Reserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital...

India ratings upgrades FY25 GDP growth forecast to 7.1 pc

The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 per cent. The agency's...

REC gets RBI nod to set up subsidiary in GIFT City, Gujarat

REC Limited, a non-banking financial company, has received a No Objection Certificate (NOC) from Reserve Bank of...

India and China added 60 percent of global central bank gold purc

The Reserve Bank of India added 5 tons of Gold to its reserves during March. The gold reserves of the central banks...

RBI directs banks to restrict CME

The RBI's move comes in response to changes in the settlement cycle introduced by stock exchanges, shifting from T+2...

India, Nigeria hold Joint Trade Committee meeting

The two sides agreed for an early conclusion of the Local Currency Settlement System Agreement to further strengthen...

Monetary penalty imposed on Satara Sahakari Bank

According to RBI, the penalty, imposed by an order dated April 29, 2024, has been invoked under the powers vested in...

Rs 2000 banknotes in circulation plummet

According to a press release by the RBI, the total value of Rs 2000 banknotes in circulation, which stood at Rs 3.56...