With Revenue Secretary Sanjay Malhotra set to take charge as Reserve Bank of India Governor, the government has given the additional charge of the post to Economic Affairs Secretary Ajay Seth.
Restoring the inflation under the RBI target is the most important task ahead of the new RBI governor stated Shaktikanta Das, the outgoing Governor of the Reserve Bank of India (RBI), during his final address on Tuesday before stepping down from office.
Reserve Bank of India (RBI) Governor Shaktikanta Das in a heartfelt social media post expressed his gratitude to the government, stakeholders, and his colleagues for their support and contributions during his time in office.
Sanjay Malhotra, currently serving as the revenue secretary at the Ministry of Finance, has been appointed as the new Governor of Reserve Bank of India.
M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of un
Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report.
In latest move towards effective communication, Reserve Bank of India has decided to launch podcasts for wider dissemination of information that is of interest to the public.
India's foreign exchange (forex) reserves started to rise again after having slumped for an eighth consecutive week, in the process hitting a multi-month low.
The Reserve Bank of India's (RBI) decision to cut the Cash Reserve Ratio (CRR) is expected to provide marginal support to the Net Interest Margins (NIMs) of banks, according to a report by Axis Securities.