Search For "reserve bank"
2.1% of Rs 2000 banknotes, with value of Rs 7,581 crore, still to be re
Updated : 1 year, 8 months ago IST
About 2.1 per cent or Rs 7,581 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about nine months after the deadline to deposit or exchange them at bank branches was over.
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India to create a cross-border retail payment platform with four ASEAN cou
Updated : 1 year, 8 months ago IST
As per a statement from the Reserve Bank of India (RBI), an agreement was signed by the BIS and the central banks of the founding countries -- Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and the RBI on Sunday (
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Former RBI Governor Dr Duvvuri Subbarao Visits Rau's IAS Study Circle: A N
Updated : 1 year, 8 months ago IST
New Delhi [India], June 29: Dr Duvvuri Subbarao, former Governor of the Reserve Bank of India (RBI), made a heartfelt visit to Rau's IAS Study Circle, where he once prepared for the Indian Administrative Service (IAS) examination. This visit marked a special moment in his life, reconnecting
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RBI tracking compilation of new macroeconomic data, for aligning Indian da
Updated : 1 year, 8 months ago IST
The Reserve Bank of India (RBI) is closely tracking the developments of the compilation of new global standards of macroeconomic statistics, highlighted RBI Governor Shaktikanta Das, at the 18th Statistics Day Conference in Mumbai on Friday.
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RBI extends currency swap with SAARC countries till 2027
Updated : 1 year, 8 months ago IST
The Reserve Bank of India (RBI), with the approval of the Government of India, has introduced a revised Framework on Currency Swap Arrangement for SAARC (South Asian Association for Regional Cooperation) countries, covering the period from 2024 to 2027, said RBI on Thursday.
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With healthier balance sheets, banks are supporting credit growth: RBI Fin
Updated : 1 year, 8 months ago IST
The global economy is currently facing significant risks stemming from ongoing geopolitical tensions, high levels of public debt, and slow progress in reducing inflation, according to the Reserve Bank of India's (RBI) 29th Financial Stability Report (FSR) released on Thursday.
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Indian government bonds in JP Morgan Govt bond Index from June 28th
Updated : 1 year, 8 months ago IST
Indian Government Bonds are set to be included in the JP Morgan Government Bond Index, Emerging Market (GBI-EM) from June 28. The inclusion will take place over a period of 10 months starting June 28, 2024, through to March 31, 2025.
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India's overseas assets increased more than its foreign liabilities in FY2
Updated : 1 year, 8 months ago IST
India's financial position with the rest of the world improved over the year. The country increased its overseas assets more than it increased its foreign liabilities, largely due to a rise in reserve assets, according to a data by Reserve Bank of India.
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India moving towards 8 pc GDP growth, RBI confident of 7.2 pc growth in FY
Updated : 1 year, 8 months ago IST
India is at the threshold of a major structural shift in its growth trajectory, highlighted Shaktikanta Das, Reserve Bank of India Governor, on Tuesday during his address at the 188th AGM (Annual General Meeting) of Bombay Chamber of Commerce & Industry.
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From deficit to surplus, India's current account registers a surplus of US
Updated : 1 year, 8 months ago IST
India's current account balance registered a surplus of USD 5.7 billion, equivalent to 0.6 per cent of GDP, in the fourth quarter of the financial year 2023-24, highlighted data from RBI.
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Labour unions ask for tax relaxations and higher pension for salaried clas
Updated : 1 year, 8 months ago IST
High-ranking officials, including the Secretaries of the Department of Economic Affairs and the Ministry of Labour and Employment, as well as the Chief Economic Adviser to the Government of India, were also in attendance, underscoring the importance of the consultation process.
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S&P Global Market raised growth forecast of China, still significantly
Updated : 1 year, 8 months ago IST
The S&P Global Market Intelligence has upwardly revised GDP forecasts for China in its latest report. But even with the revised forecast, China's GDP growth will be substantially lower than that of India.
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