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Reserve Bank of India wins risk manager of the year award 2024
Updated : 2 years ago IST
This accolade recognizes RBI's exemplary strides in enhancing its risk culture and awareness, affirming its pivotal role in safeguarding the stability of the Indian financial system.
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India's foreign exchange reserves touch fresh highs at USD 655.8 billion
Updated : 2 years ago IST
India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed.
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Anticipate repo rate cut only in late 2024: SBI Capital Markets
Updated : 2 years, 1 month ago IST
SBI Capital Markets anticipated the interest rate cut in the late calendar year of 2024, adding that the Reserve Bank of India (RBI) is now focusing on local disinflation and growth while monitoring global trends.
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Steady repo rate supports affordability, confidence in housing market: Ana
Updated : 2 years, 1 month ago IST
The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged again is a boon for the Indian real estate sector, said real estate consultancy firm Anarock.
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Financial stability challenges need to be discussed, IMF MD echoed RBI's D
Updated : 2 years, 1 month ago IST
Georgieva, while welcoming the participants of the 23rd annual conference, invoked the need to supervise the dynamic financial sector. "Changes are being driven by many factors--from economic developments to geopolitics to climate--and by the force of ever-accelerating technological advancem
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Sensex touches all-time high, Nifty up 2 per cent on announcement of PM Mo
Updated : 2 years, 1 month ago IST
Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
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RBI MPC meets amid concerns of inflation, rate cut unlikely say economists
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its upcoming monetary policy review meeting. The meeting, chaired by Reserve Bank Governor Shaktikanta Das, is underway in Mumbai
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RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Rep
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20 countries by FY29. RBI Annual report says possibilities will be explored for increasing the global footprints of UPI and RuPay.
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RBI projects real GDP growth for 2024-25 at 7.0 per cent
Updated : 2 years, 1 month ago IST
Despite subdued global economic activity and multiple headwinds, the Indian economy expanded impressively, with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year - the third successive year of 7 per cent or above growth, the RBI highlighted in its annual rep
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Financial frauds declined by 46.7 per cent during 2023-24: RBI annual repo
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) in its annual report released on Thursday has noted a 46.7 per cent decline in the amount (value) of frauds reported in 2023-24 compared to the previous year
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Faced with RBI scrutiny, ECL Finance and Edelweiss Asset Reconstruction Co
Updated : 2 years, 1 month ago IST
Both ECL Finance and Edelweiss Asset Reconstruction Company, upon which RBI put certain restrictions on Wednesday, asserted that there won't be any material impact on the companies arising out of these orders.
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RBI imposes monetary penalty on Yes Bank and ICICI Bank
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it.
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