Search For "reserve bank"
RBI raises transaction limit for offline UPI Lite payments from Rs 200 to
Updated : 2 years, 7 months ago IST
As part of its continuous bid to deepen the reach and use of digital payments in the country, the Reserve Bank of India on Thursday proposed to enhance the per transaction limit for UPI Lite digital payments in off-line mode from Rs 200 to Rs 500.
Read More
RBI maintains repo rate but raises inflation forecast; experts have this t
Updated : 2 years, 7 months ago IST
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent – for the third time in a row, something most financial market experts had expected.
Read More
RBI revises inflation outlook for 2023-24, sees "substantial increase" in
Updated : 2 years, 7 months ago IST
The Reserve Bank of India has upwardly revised the country’s retail inflation projections for 2023-24 at 5.4 per cent, against 5.1 per cent it projected in its previous monetary policy meeting in June.
Read More
RBI keeps repo rate unchanged in third straight policy meet
Updated : 2 years, 7 months ago IST
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected.
Read More
RBI monetary policy: SBI Research expects another pause in interest rates
Updated : 2 years, 7 months ago IST
SBI Research expects the Reserve Bank of India to again put a pause on the key policy rates as the central bank’s third monetary policy committee meeting is currently underway. The outcome of the review meeting will be announced on Thursday morning.
Read More
Experts expect status quo in interest rates from ongoing RBI monetary poli
Updated : 2 years, 7 months ago IST
In its previous meeting in early June, the central bank’s monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most analysts had expected. The RBI in its April meeting too had paused the repo rate.
Read More
Authorisation of INR as designated currency does not make it a legal tende
Updated : 2 years, 7 months ago IST
The Central Bank of Sri Lanka (CBSL) has clarified certain misrepresentations of facts currently circulating in the public domain on Indian Rupee (INR).
Read More
RBI says 88 pc of Rs 2,000 notes returned to banking system
Updated : 2 years, 7 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000 denomination banknotes from circulation but said it will continue to remain as legal tender.
Read More
RBI caps deposit withdrawal from ailing National Co-operative Bank at Rs 5
Updated : 2 years, 7 months ago IST
The Reserve Bank of India (RBI) has imposed certain restrictions on Bengaluru-based ailing The National Co-operative Bank Ltd and capped deposit withdrawal at Rs 50,000 per account.
Read More
Measuring exposure at risk key to manage climate events: RBI Dy Governor
Updated : 2 years, 7 months ago IST
Stating that the consequences, intensity, severity, and frequency of climate events were hard to measure and difficult to predict, the Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao noted that the first step for banks and other regulated entities must take is to measure the amou
Read More
Bajaj Finserv Gold Loan: A hassle-free way to access instant funds
Updated : 2 years, 7 months ago IST
Pune (Maharashtra) [India], July 25: Life is full of uncertainties, and financial emergencies can strike when least expected. During these challenging times, having instant access to funds is crucial. In such situations, leveraging the value of idle gold jewellery can be a smart solution. Ba
Read More
2.51 pc of Rs 2,000 notes in circulation till June end: MoS Finance in Lok
Updated : 2 years, 8 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000 denomination banknotes from circulation but said it would continue to remain as legal tender. However, RBI has advised banks to stop issuing such banknotes with immediate effect.
Read More