Search For "the reserve bank of india"
Crisil expects RBI to initiate repo rate cuts from mid-2024
Updated : 2 years, 2 months ago IST
As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this month, rating agency Crisil now expects the rate cut cycle to begin from mid-2024. The repo rate is the rate of interest at which RBI lends to other banks.
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India forex reserves rise for seventh week to reach fresh peak
Updated : 2 years, 2 months ago IST
India's foreign exchange reserves rose for the seventh straight week to hit a fresh all-time high of USD 648.562 billion in the week ending on April 5, as per the latest data released by the Reserve Bank of India (RBI).
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RBI launches new website and mobile application
Updated : 2 years, 3 months ago IST
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
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India's foreign exchange reserves rise further to hit fresh high
Updated : 2 years, 3 months ago IST
India's foreign exchange reserves rose for the sixth straight week to hit a fresh all-time high of USD 645.583 billion in the week ending on March 29, as per the latest data released by the Reserve Bank of India
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RBI proposes cash deposits through UPI; widens digital currency for retail
Updated : 2 years, 3 months ago IST
The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology.
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RBI Monetary Policy Meeting: Central Bank likely to keep rates steady
Updated : 2 years, 3 months ago IST
The first Monetary Policy Committee (MPC) meeting of financial year 2025 will be held on Friday, and the Reserve Bank of India is unlikely to cut rates.
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With AI and blockchain, RBI should study a new banking structure to fund f
Updated : 2 years, 3 months ago IST
Speaking at the 90th-anniversary celebration of the Reserve Bank of India (RBI), Prime Minister Narendra Modi on Monday asked the central bank to assess a newer banking structure to fund future needs.
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Innoviti Receives RBI's Final Authorization to Operate as an Online Paymen
Updated : 2 years, 3 months ago IST
Bengaluru (Karnataka) [India], March 27: Innoviti Technologies Pvt. Ltd., India's largest payments-centric retail SaaS platform for enterprise brands and their SME channel partners, announced today that it has received the final authorization from the Reserve Bank of India (RBI) to operate a
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At USD 642.49 billion, India's foreign exchange reserves hit all-time high
Updated : 2 years, 3 months ago IST
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week that ended on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion.
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India, Indonesia central banks sign agreement to promote use of local curr
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.
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Reserve Bank bars IIFL Finance from sanctioning new gold loans
Updated : 2 years, 4 months ago IST
The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
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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.
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