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RBI Governor meets heads of Urban co-operative bank federations
Updated : 2 years, 10 months ago IST
He held a meeting with the National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), select Federations of UCBs from various States and the CEOs of select UCBs.
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RBI launches '100 Days 100 Pays' campaign for return of unclaimed deposits
Updated : 2 years, 10 months ago IST
The Reserve Bank of India on Friday, announced a '100 Days 100 Pays' campaign for banks to trace and settle the top '100 unclaimed deposits' of every bank in every district of the country within '100 days', informed a press release.
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India's forex reserves rise USD 7.2 bln to USD 596 bln
Updated : 2 years, 10 months ago IST
India's foreign exchange reserves rose by USD 7.196 billion to USD 595.976 billion in the week that ended on May 5, data released by the Reserve Bank of India showed on Friday.
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India's retail inflation eases sharply by 1 percentage point in April
Updated : 2 years, 10 months ago IST
India's headline consumer price index-based (CPI) inflation (or retail inflation) has gradually declined from its peak of 7.8 per cent in April 2022 to below 6 per cent now - which is below RBI's upper tolerance band.
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RazorpayX introduces automated ESCROW+ solution, enables instant & sec
Updated : 2 years, 10 months ago IST
Bengaluru (Karnataka) [India], May 9 (ANI/NewsVoir): With the objective of providing automated, compliant, and secure money transfer experience on Escrow accounts to businesses, RazorpayX, the business banking platform of Razorpay, today announced the launch of ESCROW+ solution, powered by A
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RBI imposes over Rs 1.73-cr fine on HSBC for wrong credit card data
Updated : 2 years, 10 months ago IST
The statutory inspection for supervisory evaluation (lSE) of the bank was conducted by RBI with reference to its financial position as on March 31, 2021, and the examination of the Risk Assessment Report and all related correspondences pertaining to the same, the central bank said.
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India's inflation in 2023-24 seen averaging near RBI's 6 pc upper band: Fi
Updated : 2 years, 10 months ago IST
Fitch Ratings forecasts India's headline inflation to decline, but remain near the upper end of the Reserve Bank of India's 2-6 per cent target band, averaging 5.8 per cent in 2023-24 from 6.7 per cent last year.
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FM Sitharaman chairs the 27th Financial Stability and Development Council
Updated : 2 years, 10 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das, Insurance Regulatory and Development Authority of India (IRDAI) Chief Debashish Panda, Securities and Exchange Board of India (SEBI) Chief Madhabi Puri Buch, Pension Fund Regulatory and Development Authority (PFRDA) Chief Deepak Mohanty,
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India's forex reserves rise USD 4.5 bln to USD 588.78 bln
Updated : 2 years, 10 months ago IST
India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data.
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India's gold demand likely to be muted in 2023: World Gold Council
Updated : 2 years, 10 months ago IST
Demand for precious metal gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council.
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India's forex reserves ease after hitting over nine-month highs
Updated : 2 years, 10 months ago IST
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, fell by USD 2.14 billion to USD 514.48 billion.
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ICICI Bank offers strong network of Rupee Vostro Accounts
Updated : 2 years, 10 months ago IST
This initiative is in line with India's Foreign Trade Policy 2023 and RBI's framework for invoicing, payment, and settlement of exports/imports in INR, in addition to US Dollar, Euro and other currencies, according to a statement from ICICI Bank.
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