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RBI governor launches advanced supervisory monitory system - Daksh
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) (India), October 7 (ANI): The governor of the Reserve Bank of India (RBI), Shaktikanta Das, launched a new 'SupTech' initiative Daksh - the central bank's advanced monitoring system - which is expected to make the supervisory processes more robust.
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RBI seeks EoIs from consultants in AI, ML for supervisory inputs
Updated : 3 years, 5 months ago IST
Mumbai [India], October 5 (ANI): The Reserve Bank of India has sought expressions of interest from consultants in the fields of advanced analytics, artificial intelligence and machine learning for supervisory inputs.
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RBI weighs in favour of sustainable economic growth, hikes rates to a 3-ye
Updated : 3 years, 5 months ago IST
New Delhi [India], October 4 (ANI/PNN): RBI's monetary policy committee (MPC), which determines interest rates, opted to raise the policy repo rate by 50 basis points to 5.9 per cent with immediate effect. This decision was taken after three days-long sessions that concluded on September 30.
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RBI move to link credit cards to UPI will benefit fintech like Paytm: Brok
Updated : 3 years, 5 months ago IST
New Delhi [India], October 3 (ANI): Top brokerage firms Citi and Goldman Sachs said the RBI's proposal to link credit cards to UPI will be largely beneficial for fintech platforms like Paytm.
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Rupee depreciates 38 paise to 81.78 against dollar
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 3 (ANI): On Monday, rupee was trading at 81.78 against US dollar in early trade, tracking a muted trend in domestic equities. The domestic unit depreciated 38 paise against the dollar in morning trade. On Friday, the local currency settled at 81.36 again
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Indian markets start flat during Monday morning trade
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 3 (ANI): Indian markets traded flat and were in negative territory during morning trade on Monday, tracking weak global cues. The 30-share index was down 194 points to 57,231 whereas Nifty50 dipped 52 points to 17,042 at 9.30 IST on Monday.
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New rules for debit, credit cards begin with tokenisation today, All you n
Updated : 3 years, 5 months ago IST
New Delhi [India], October 1 (ANI): The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year. This added layer of security by way of tokenisat
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Experts fear rate hike may dampen consumption, express optimism over resil
Updated : 3 years, 6 months ago IST
New Delhi [India], September 30 (ANI): After the Reserve Bank of India (RBI) hiked repo rate on Friday, it brings into focus how the hike was in line with the tightening policies across the economies as expected by experts.
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Indian equities snap 7-day losing streak; Sensex surges 1,017 points
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by over 1,000 points on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the markets.
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Sensex surges 1,200 points as RBI hikes repo rate 50 bps on expected lines
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by more than 1,200 points in the intra-day on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the market.
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RBI hikes repo rate by 50 bps to fight high inflation, tightening policies
Updated : 3 years, 6 months ago IST
Mumbai [India], September 30 (ANI): Reserve Bank of India's Governor Shaktikanta Das today announced the hike of the repo rate, the key lending rate, by 50 bps to 5.9 per cent. Explaining the rationale behind the policy, the governor said the bleak global economic outlook, persisting inflati
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RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained at
Updated : 3 years, 6 months ago IST
Mumbai [India], September 30 (ANI): The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read More
