Heavy reliance on AI could lead to concentration risks: RBI

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial...

RBI increases UPI limit for keypad phones, UPI lite wallet limit

In a bid to boost digital transactions and financial inclusion in the country, the Reserve Bank of India (RBI) has...

RBI cautioned NBFCs for incentives and targets for loans

The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that...

RBI MPC announcement today, unlikely change in rates

The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with...

RBI's MPC meeting begins today, policy will be announced on Oct 9

The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting today, which will run from...

RBI may shift monetary stance to 'Neutral'; rate cuts likely by D

The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of...

RBI appoints Aviral Jain as new Executive Director

As Executive Director, Jain will look after the Legal Department, Premises Department and Right to Information Act...

RBI unlikely to cut rate as India’s growth is higher

With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate...

RBI is unlikely to cut rate or change status in Oct 9 monetary po

The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth...

Monetary Policy Committee of RBI reconstituted with new members

The central government has reconstituted the Monetary Policy Committee (MPC) under the provisions of the Reserve...

India's forex reserve touches record high of USD 692.3 billion

India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week...

Spend and loan growth of credit cards slowed

Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August...