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RBI's Digital Payments Index surges to 493.22 in March 2025, reflects robu
Updated : 7 months, 2 weeks ago IST
In a clear signal of India's accelerating digital payments revolution, the Reserve Bank of India (RBI) on Monday announced that its Digital Payments Index (RBI-DPI) surged to 493.22 in March 2025, up from 465.33 recorded in September 2024.
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Parliamentary Standing Committee on Finance to meet today; discuss Bankrup
Updated : 7 months, 2 weeks ago IST
The panel has on its agenda to discuss the oral evidence of the representatives of the Reserve Bank of India (RBI) on the subject 'Review of working of Insolvency and Bankruptcy Code and Emerging Issues'. The standing committee on Finance will also discuss the consideration and adoption o
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RBI successfully concludes G-sec auctions worth Rs 36,000 Cr
Updated : 7 months, 2 weeks ago IST
The Reserve Bank of India (RBI) successfully conducted two government securities auctions with a notified amount of Rs 30,000 crore and Rs 6000 crore.
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India's forex reserves drop by $1.18 bn to $695.49 bn, third consecutive w
Updated : 7 months, 2 weeks ago IST
India's foreign exchange reserves fell by USD 1.18 billion to USD 695.49 billion for the week ending July 18, marking the third straight week of decline, according to the official data released by the Reserve Bank of India (RBI).
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Anuradha Thakur nominated as director on RBI Central Board
Updated : 7 months, 2 weeks ago IST
The Central Government has nominated Anuradha Thakur, Secretary of the Department of Economic Affairs, as a Director on the Central Board of the Reserve Bank of India, replacing Ajay Seth.
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Reserve Bank focuses more on outlook than current data for monetary policy
Updated : 7 months, 2 weeks ago IST
RBI Governor, Sanjay Malhotra in his address at the Financial Express BFSI Summit highlighted that the central bank's monetary policies are forward-looking and the Monetary Policy Committee of India (MPC) will focus more on outlook than current data.
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Economic activity firm over good kharif prospects, strong services sector,
Updated : 7 months, 2 weeks ago IST
Economic activity in India held up, with improving kharif agricultural season prospects, continuation of strong momentum in the services sector and modest growth in industrial activity, said RBI in its monthly bulletin.
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India Ratings slashes GDP forecast below RBI estimates, citing headwinds
Updated : 7 months, 2 weeks ago IST
India Ratings and Research (Ind-Ra) has slashed India's GDP projections for 2025-26 to 6.3 per cent, a 30 basis points lower than its earlier forecast of 6.6 per cent in December 2024.
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Gross NPAs reduce from 9.11% to 2.58% from March 2021 to March 2025: Govt
Updated : 7 months, 2 weeks ago IST
Public sector banks saw a sharp decline in their gross NPAs from ₹6.17 lakh crore in March 2021 to ₹2.84 lakh crore in March 2025.
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Six states raise Rs 10,750 crore through fresh and re-issue of govt securi
Updated : 7 months, 2 weeks ago IST
Among the six states, Bihar has accepted Rs 2000 crore at a yield rate of 7.01 per cent for a duration of 12 years
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India's financial inclusion index improves, surges to 67 from 64.2 in Marc
Updated : 7 months, 2 weeks ago IST
India has made significant progress in financial inclusion, as reflected in the latest Financial Inclusion Index (FI-Index) released by the Reserve Bank of India (RBI).
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KredX's DTX Platform and Canara Bank Partner to Supercharge Digital Trade
Updated : 7 months, 2 weeks ago IST
Bengaluru (Karnataka) [India], July 22: KredX, India's leading integrated cash flow and supply chain finance platform, today announced a strategic partnership with Canara Bank, one of India's prominent public sector banks. This collaboration aims to significantly broaden the reach of digital
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