Search For "reserve bank"
April-June 2024 figures suggest fiscal deficit at Rs 1.4 tn Vs Rs 4.5 tn (
Updated : 1 year, 7 months ago IST
India's fiscal deficit reduced to Rs 1.4 trillion during April-June 2024, down from Rs 4.5 trillion reported in the same period last year, according to a report by Anand Rathi Equity, a financial services company.
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RBI proposes alternative methods for authentication of digital payments, i
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms to supplement the SMS-based OTP system for digital payment transactions.
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Digitisation influences inflation through price-setting behaviour and mark
Updated : 1 year, 7 months ago IST
Digitalization is influencing price levels through direct and indirect channels. Under the direct channel, digitalization is feeding into lower inflation rates through a decline in the prices of ICT-related goods. This has been observed in the post-pandemic period across both hardware and so
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India accounts for nearly half of the global digital payments: RBI report
Updated : 1 year, 7 months ago IST
India holds 48.5 per cent share in the global real-time payments volume, according to the Reserve Bank of India (RBI) report released on Monday
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India's foreign exchange reserves surge to touch another peak of USD 670.8
Updated : 1 year, 7 months ago IST
In the week that ended on July 19, the foreign exchange kitty rose by USD 4.19 billion to USD 670.857 billion, official data from the Reserve Bank of India (RBI) showed on Friday.
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RBI unveils new corrective action framework for Urban Co-operative Banks
Updated : 1 year, 7 months ago IST
For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory action framework as an early intervention tool for bringing about desired improvements in those entities.
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RBI has proposed a higher liquidity coverage ratio for retail deposits
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding liquidity standards, as announced in the April monetary policy.
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Fiscal consolidation with welfare measures, budget may see a mild increase
Updated : 1 year, 8 months ago IST
The fiscal buffer from the Reserve Bank of India's (RBI) excess dividend, amounting to 0.4 per cent of GDP, is likely to be disproportionately allocated towards the rural, farm, and welfare sectors, with a slight increase in capex.
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India's forex reserves hit record USD 666.85 Billion, driven by surging go
Updated : 1 year, 8 months ago IST
India's foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI).
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Only 10 banks/NBFCs had disruptions due to Microsoft outage: RBI
Updated : 1 year, 8 months ago IST
The Reserve Bank of India has asserted that its assessment showed that only 10 banks and NBFCs had minor disruptions due to the Microsoft outage. The disruptions reported in those entities have "either been resolved or are being resolved", RBI said in a statement.
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India to triple its electronic production by 2025-26: RBI
Updated : 1 year, 8 months ago IST
India's electronic produce has surged to 3 per cent of GDP in 2023-24, highlighted the July 2024, monthly bulletin of the Reserve Bank of India(RBI),
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Too long a period for current food price shock to be termed as transitory,
Updated : 1 year, 8 months ago IST
Faced with food inflation remaining at elevated levels consistently, the Reserve Bank of India on Thursday said that it is too long a period for a food price shock to be termed as transitory.
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