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Heavy reliance on AI could lead to concentration risks in the financial se
Updated : 1 year, 8 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector.
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RBI increases UPI limit for keypad phones, UPI lite wallet limit also incr
Updated : 1 year, 9 months ago IST
In a bid to boost digital transactions and financial inclusion in the country, the Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services, particularly for users of keypad mobile phones.
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RBI cautioned NBFCs for incentives and targets for loans, warned action
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
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RBI MPC announcement today, unlikely change in rates, RBI may change stanc
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.
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RBI's monetary policy committee meeting begins today; policy to be announc
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting today, which will run from October 7 to October 9.
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RBI may shift monetary stance to 'Neutral'; rate cuts likely by December 2
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month, rate cuts likely to commence from December, according to a report by Nuvama.
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RBI appoints Aviral Jain as new Executive Director
Updated : 1 year, 9 months ago IST
As Executive Director, Jain will look after the Legal Department, Premises Department and Right to Information Act (First Appellate Authority).
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RBI unlikely to cut rate as India's growth is higher than potential output
Updated : 1 year, 9 months ago IST
With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI).
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RBI is unlikely to cut rate or change status in Oct 9 monetary policy: BoB
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BoB).
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Monetary Policy Committee of RBI reconstituted with new members
Updated : 1 year, 9 months ago IST
The central government has reconstituted the Monetary Policy Committee (MPC) under the provisions of the Reserve Bank of India (RBI) Act, 1934, the Ministry of Finance said in a statement.
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India's forex reserve touches fresh record high of USD 692.3 billion
Updated : 1 year, 9 months ago IST
India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week that ended on September 20, as per the data released by the Reserve Bank of India (RBI) on Friday.
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Spend and loan growth of credit cards slowed as lenders are cautious on as
Updated : 1 year, 9 months ago IST
Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August 2024, down from 19 per cent in July 2024. The Reserve Bank of India (RBI) credit card data for August 2024, has also highlighted a continued slowdown in both the number of cards i
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