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Policies need to create congenial climate for attracting new private inves
Updated : 3 years, 2 months ago IST
Speaking on raising productivity during a conference held by the International Monetary Fund, Reserve Bank of India Governor Shaktikanta Das on Friday said while sustained and broad-based economic recovery remains the current policy focus, it is necessary to undertake deep structural reforms
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RBI to issue sovereign green bonds in two tranches
Updated : 3 years, 2 months ago IST
The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy
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South Asian region contributes 15% to global growth, led by India and Bang
Updated : 3 years, 2 months ago IST
The Governor was speaking at a conference, organised by the International Monetary Fund (IMF), on Friday. He was talking along the lines of the South Asian region's macroeconomic challenges and policy priorities. The governor also said, "The priority for South Asian region, including Indi
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Mahindra Finance says RBI lifted restrictions on loan recovery via outsour
Updated : 3 years, 2 months ago IST
On September 22, 2022, the RBI directed Mahindra and Mahindra Financial Services Limited to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.
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Cash in circulation has increased as economy grew in past six years: Exper
Updated : 3 years, 2 months ago IST
According to Reserve Bank of India (RBI) data, six years after the move to ban Rs 500 and Rs 1000 notes, currency in circulation increased by 83 per cent and the value of the currency in circulation as on December 23, 2022, stood at Rs 32.42 lakh crore.
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RBI slaps Rs 4-lakh penalty on Sharad Sahakari Bank in Pune.
Updated : 3 years, 2 months ago IST
The central bank said this action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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SC holds demonetisation valid, says "can't be set aside because it caused
Updated : 3 years, 2 months ago IST
A five-judge Constitution bench held that merely because some citizens suffered hardships due to demonetisation, it was not reason enough to hold the exercise illegal.
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SC to pronounce verdict on pleas challenging Centre's demonetisation polic
Updated : 3 years, 2 months ago IST
The Supreme Court on Monday will pronounce its verdict on a batch of petitions challenging the decision taken by the union government in 2016 to demonetise the currency notes of Rs 500 and Rs 1,000 denominations.
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RBI survey for price movements, inflation assessment launched
Updated : 3 years, 2 months ago IST
In the January 2023 round, the survey will be conducted across 19 cities and the inputs will be useful for the monetary policy.
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Global spillovers, financial market, general risks increased, while macroe
Updated : 3 years, 2 months ago IST
The survey also showed respondents' confidence in the Indian financial system further improved with 93.6 per cent of them remaining fairly or highly confident of the stability of the Indian financial system. The 23rd round of the RBI's Systemic Risk Survey was conducted in November 2022 to s
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India's forex reserves decline by USD 691 million for week ending Dec 23
Updated : 3 years, 2 months ago IST
India's foreign exchange reserves fell by USD 691 million to USD 562.808 billion in the week that ended on December 23, Reserve Bank of India's Bulletin Weekly Statistical Supplement latest data showed.
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Overseas financial assets of Indian residents declined by USD 43.9 bn duri
Updated : 3 years, 2 months ago IST
According to the report, net claims of non-residents on India increased by USD 34.3 billion during second quarter (Q2) of 2022-23 and stood at USD 389.6 billion in September 2022.
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