Search For "reserve bank of india"
Moody's signals improving private investment outlook with rising capacity
Updated : 2 years, 3 months ago IST
The latest report from Moody's Analytics reveals promising forecasts for India's economic growth trajectory, attributing it to various factors including government capital spending, manufacturing activity, and resilient consumption demand.
Read More
India-Nepal enhance financial cooperation; digital payment to be inaugurat
Updated : 2 years, 4 months ago IST
Nepali Ambassador to India, Shankar Sharma, appreciated the new guidelines of the Reserve Bank of India, which allow multiple financial services between the citizens of India and Nepal.
Read More
NEFT records a high of over 4 crore single-day transactions
Updated : 2 years, 4 months ago IST
The National Electronic Funds Transfer (NEFT) system has achieved a milestone by processing over 4 crore transactions, the highest number of transactions processed in a day so far.
Read More
India's foreign exchange reserves rose by USD 2.98 billion, shows latest R
Updated : 2 years, 4 months ago IST
India's foreign exchange reserves rose by USD 2.975 billion to USD 619.072 billion in the week that ended on February 23, as per the latest data released by the Reserve Bank of India (RBI).
Read More
97.6 pcs of Rs 2000 banknotes returned by Feb 29: RBI
Updated : 2 years, 4 months ago IST
"The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches in the country up to October 07, 2023. The facility for the exchange of the Rs2000 banknotes has been available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) since May 19,
Read More
Robust 8.4 pc GDP growth in Q3 shows strength of Indian economy: PM Modi
Updated : 2 years, 4 months ago IST
Prime Minister Narendra Modi has said the robust 8.4 per cent GDP growth in the third quarter of 2023-24 shows the strength of the Indian economy and also its potential and the government will continue its efforts for fast economic growth to create 'Viksit Bharat'
Read More
RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024.
Read More
RBI imposes monetary penalty on State Bank of India, Canara Bank
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under relevant section of the Banking Regulation Act.
Read More
Paytm UPI handles can continue after migration to other banks: RBI clarifi
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel for continued UPI operation of the Paytm app.
Read More
India Ratings expects GDP to grow 6.5% next financial year, lower than gov
Updated : 2 years, 4 months ago IST
India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50 basis points lower than what was projected by the central government and the Reserve Bank of India (RBI) at its recent policy review.
Read More
Morgan Stanley expects shallow repo rate cut from June policy meeting
Updated : 2 years, 4 months ago IST
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level.
Read More
India's forex reserves decline USD 5.2 billion to come off 1-month high
Updated : 2 years, 4 months ago IST
India's foreign exchange reserves declined by USD 5.240 billion to USD 617.230 billion in the week that ended on February 9, 2024, thereby coming off a month high it hit the prior week, the latest data released by the Reserve Bank of India showed.
Read More