RESERVE BANK

While delivering the keynote address at the Global Conference on Digital Public Infrastructure and Emerging Technologies, a part of RBI@90 initiative in Bangalore. RBI Governor Shaktikanta Das, on Monday, informed about the Reserve Bank of India's U...

The US Federal Reserve lowered its benchmark interest rate by 50 basis points, marking the first cut since 2020 as the central bank began reversing the restrictive measures it implemented to combat inflation.US Fed slashes interest rates by 50 bps f...

Bhubaneswar, Odisha: "For the first quarter this year, the Reserve Bank's projection was 7.1%. But the actual number which has been given by the National Statistical Office is 6.7%. Now, 6.7% would give an impression that it is lower than 7.1%. I th...

In an effort to handle the huge volume of transactions, all agency banks will remain open to the public on Sunday, March 31, 2024, the Reserve Bank of India (RBI) sent a press release on Wednesday announcing the same.RBI directs banks dealing with g...

Speaking over action against Patym’s banking unit ‘Paytm Payments Bank’, Reserve Bank of India Governor Shaktikanta Das on Feb 12 said there is hardly any room for review of action taken. Talking to reporters, the RBI Governor said actions are taken...

In a shocking development, the Reserve Bank of India (RBI) has imposed restrictions aon all services provided by Paytm Payments Bank (PPBL). This restriction will come into effect on February 29, 2024. Here's what RBI has said in its order and what ...

Union Minister Piyush Goyal says, "Yesterday, the report released by Reserve Bank of India on generation of employment in India reflects that how, under the leadership of PM Narendra Modi, India has successfully swiftly generated new jobs, new emplo...

The RBI Governor, Shaktikanta Das, has revealed plans to establish a digital payments intelligence platform to combat increasing bank and digital fraud cases. A committee has been formed to oversee the setup of this platform, chaired by Abhaya Hota,...

Addressing a public gathering in Tonk-Sawai Madhopur, Rajasthan, Prime Minister Narendra Modi says, "...Congress party has toyed with the Constitution of the country. When the Constitution was drafted, reservation based on religion was opposed, so t...

Synopsis: Reserve Bank Governor Shaktikanta Das will announce the bi-monthly policy on Thursday, February 8. The announcement is expected to maintain a status quo on the key interest rate due to inflation remaining near the upper tolerance level of ...

The central bank has asked Kotak to stop onboarding of new customers through online and mobile banking along with the issuance of new credit cards. This comes after RBI found "serious deficiencies and non-compliances" in certain areas of its operati...

Reserve Bank of India on Friday said regulated entities (REs) have the freedom and they must offer all categories of retail loans either on a fixed or floating interest rates basis. At the time of sanction of EMI-based floating rate personal loans, ...

Private sector lender Kotak Mahindra Bank on Monday said it has not received any communication from the Reserve Bank on the succession of its executive officer (CEO). Its current CEO Uday Kotak's term ends in December this year, and as per RBI's new...

Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent. The MPC is alert and prepared to take necessary actions t...

Prime Minister Narendra Modi addresses a ceremony in Mumbai today to mark the 90th anniversary of the Reserve Bank of India, as stated by the central bank. Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das also attend the ev...

On Monday, 1st April, Prime Minister Narendra Modi spoke at the commemoration ceremony of the Reserve Bank of India's 90th anniversary. He said the RBI has 100 days to ponder over new govt proposals.PM Modi urges RBI to ponder over new proposals til...

The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger.The merger between the two entities has received in-principle approval from regulators including the Reserve Bank of India (RBI), Insurance Regulatory ...

Commenting on the Paytm Payments Bank crisis that broke out last month, the Reserve Bank of India (RBI) deputy Governor Swaminathan Janakiraman on Thursday said that this is a regulatory/supervisory action.Paytm Payments Bank: Ample time given; acti...