Search For "reserve bank of india"
RBI directs banks to implement beneficiary name look-up for RTGS, NEFT tra
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services to introduce beneficiary account name look-up facility to customers for fund Transfers by April 1, 2025.
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Indian household debt rising but relatively low compared to other emerging
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has highlighted that while household debt in India has been on the rise over the past three years, it remains relatively low compared to other emerging market economies (EMEs).
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"Indelible legacy...": Union Minister Jyotiraditya Scindia expresses grief
Updated : 1 year, 6 months ago IST
Union Minister Jyotiraditya Scindia on Friday expressed grief over the demise of former Prime Minister Manmohan Singh while offering condolences to his family and said that he left an "indelible legacy."
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"Will continue to inspire all generations to come": Delhi CM Atishi pays l
Updated : 1 year, 6 months ago IST
Delhi Chief Minister Atishi on Friday paid her last respects to former Prime Minister Dr Manmohan Singh and expressed that his legacy will continue to inspire all generations to come.
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Personal Loans and Services Sector are key drivers of banks credit growth:
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal loan and services sectors leading the expansion. This was followed by credit growth in agriculture and the industrial sectors, the report noted.
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RBI highlights NBFCs' high dependence on banks, calls for diversified fund
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their sources of funding as a key risk mitigation strategy.
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RBI sets up 8-member committee to recommend framework for ethical AI in fi
Updated : 1 year, 6 months ago IST
Reserve Bank of India has set up an eight-member committee, comprising experts from diverse fields, to recommend a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector.
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Demand for work under MGNREGA remained low in 2024, suggests improved rura
Updated : 1 year, 6 months ago IST
The demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has remained subdued in most months of the current financial year, according to a report by the Reserve Bank of India (RBI).
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Gender budgeting share in total expenditure rises to 6.8% from 4.5% in 201
Updated : 1 year, 6 months ago IST
India has completed 20 years of implementing gender budgeting policies, with the share of the gender budget in the total expenditure rising to 6.8 per cent in 2024 from 4.5 per cent in 2014, according to a report by the Reserve Bank of India (RBI).
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Trump's policies could pose challenge to timing of RBI's rate cut: Report
Updated : 1 year, 6 months ago IST
The policy measures of the upcoming US President Donald Trump could pose challenges to the Reserve Bank of India's (RBI) plans for policy easing, says a report by Standard Chartered Bank.
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Indian economy is recovering from slowdown witnessed in July-September qua
Updated : 1 year, 6 months ago IST
High frequency indicators for the third quarter of 2024- 25 (October-December) indicate that the Indian economy is recovering from the slowdown in momentum witnessed in July-September, driven by strong festival activity and a sustained upswing in rural demand, Reserve Bank of India (RBI) sa
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India's forex sufficient to meet 11 months of imports, 96 pc of external d
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves (Forex) are sufficient to meet the more than 11 months of imports and about 96 per cent of external debt outstanding at end-June 2024, stated the Reserve Bank of India (RBI) on Tuesday.
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