State Bank of India Sees Minimal Hit From Tighter Rules For Personal Loans
The Reserve Bank of India (RBI) asked banks on Thursday to set aside more capital, following repeated warnings about rapid growth in some personal loans. Governor Shaktikanta Das had in the recent monetary policy review said banks should strengthen internal processes to curb risks.
Nov 18, 2023, 13:11 PM IST
PIDF Scheme Extended By 2 Years To December 2025; PM Vishwakarma Scheme beneficiaries To Be Included In Scheme
Prime Minister Narendra Modi had launched ‘PM Vishwakarma’ Scheme for traditional artisans and craftspeople on occasion of Vishwakarma Jayanti on September 17 this year.
Oct 06, 2023, 11:31 AM IST
RBI Policy: Monetary Ceiling Of Gold Loans Under Bullet Repayment Scheme Hiked From Rs 2 Lakh To Rs 4 Lakh
RBI has said that it will issue a detailed guideline regarding the matter separately.
Oct 06, 2023, 11:22 AM IST
RBI Monetary Policy October 2023: RBI Keeps Interest Rate Unchanged For 4th Time
RBI Monetary Policy October 2023: The three-day MPC meeting Chaired by RBI Governor Shaktikanta Das, commenced on October 4 and is set to conclude today.
Oct 06, 2023, 10:07 AM IST
RBI Monetary Policy October 2023: Will RBI Keep Interest Rate Paused For 4th Time? Know What Experts Say
RBI Monetary Policy October 2023: The three-day MPC meeting Chaired by RBI Governor Shaktikanta Das, commenced on October 4 and is set to conclude today.
Oct 06, 2023, 09:23 AM IST
RBI Monetary Policy: 3 Day Review Meeting Commences, Will Central Bank Hike Repo Rate?
RBI typically conducts six bi-monthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.
Oct 04, 2023, 13:18 PM IST
What Is UPI Lite X, Announced By RBI Governor, And How Does It Differ From UPI & UPI Lite?
Last year, NPCI introduced UPI Lite, a method for sending or receiving payments of up to Rs 200, which has now been increased to Rs 500, in real-time without requiring a UPI pin. They can now send or receive small denomination amounts through UPI lite by adding the funds to an on-device UPI wallet.
Sep 09, 2023, 17:33 PM IST
RBI Launches UDGAM Web Portal; Customers Can Search Unclaimed Deposits Across Multiple Banks Now
The launch of the web portal will aid users to identify their unclaimed deposits and accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks, a statement issued by RBI said.
Aug 18, 2023, 08:54 AM IST
RBI Projects GDP Growth At 6.5% For FY 2023-24, Inflation To Peg At 5.4% Due To Spike In Vegetable Prices
On inflation, the governor said the spike in vegetable prices, led by tomatoes, would exert sizeable upside pressures on the near-term headline inflation trajectory.
Aug 10, 2023, 11:22 AM IST
RBI Monetary Policy August 2023: Reserve Bank Yet Again Keeps Repo Rates Unchanged At 6.5%
The Monetary Policy Committee meeting of the RBI took place on June 8-10. A year is divided into six bimonthly reviews of the central bank's monetary policy. Additionally, there are out-of-cycle reviews, where the central bank holds extra sessions in urgent situations.
Aug 10, 2023, 10:05 AM IST
RBI Monetary Policy August 2023: Will RBI Change Interest Rate Today? Know What Experts Say
The high-powered rate-setting panel MPC began its three-day meeting on on Tuesday with speculations abuzz that the RBI might go for another status quo on the key interest rates
Aug 10, 2023, 09:03 AM IST
India Jan-March Current Account Deficit Narrows As Trade Gap Shrinks, Says RBI
India's balance of payments (INBOP=ECI) stood at a surplus of $5.6 billion compared to a surplus of $11.1 billion in the preceding quarter and a deficit of $16 billion in the same quarter a year earlier. Private transfer receipts, mainly representing remittances by Indians employed overseas, increased to $28.6 billion, up 20.8% from a year ago.
Jun 27, 2023, 17:13 PM IST
Central Bank Will Strive To Get CPI Down To 4%; El Nino A Challenge For Food Inflation: RBI Governor Shaktikanta Das
The central bank's rate hikes by a cumulative 2.50 per cent since May last year, coupled with supply-side measures from the government, have helped get the inflation down to 4.25 per cent in May from a peak of 7.8 per cent in April last year, Das said.
Jun 25, 2023, 20:04 PM IST
'More Than Two-Thirds Of Rs 2,000 Notes...' RBI Governor Shaktikanta Das Makes Big Statement On High-Denomination Notes
After issuing the recall order on May 19 and asking banks to open special counters to collect the notes from the public from May 23, the central bank said the existing 2,000 denomination banknotes would continue to be legal tender.
Jun 25, 2023, 14:55 PM IST
Who Is Swaminathan Janakiraman, The New Deputy Governor Of RBI
Swaminathan completed his graduation in B.Com – Bachelor of Commerce, Corporate Accounting & Banking from University of Madras. He then did certified associate of Indian Institute of Banking, Banking & Economics from Indian Institute of Banking and Finance, Mumbai, India.
Jun 20, 2023, 19:52 PM IST
Your Bank Account To be Closed If It Has More Than Rs 30,000? Know The Truth Behind This Viral Post
As per a viral message, RBI Governor Shaktikanta Das has announced a new rule for maximum bank balance amount. Know the truth behind the message.
Jun 16, 2023, 16:48 PM IST
RBI Retains FY24 GDP Growth Forecast At 6.5%
In April, the central bank had marginally revised upwards the 2023-24 GDP growth projection to 6.5 per cent, from its earlier forecast of 6.4 per cent.
Jun 08, 2023, 12:43 PM IST
RBI Marginally Lowers FY'24 Inflation Projection To 5.1%
In April, the Reserve Bank had estimated the consumer price index (CPI) based retail inflation at 5.2 per cent during the fiscal 2023-24.
Jun 08, 2023, 12:34 PM IST
RBI Permits Banks To Issue Rupay Prepaid Forex Cards
RuPay Debit, Credit, and Prepaid Cards will be enabled for issuance in foreign jurisdictions, which can be used internationally, including in India.
Jun 08, 2023, 12:15 PM IST
RBI Monetary Policy 2023: Reserve Bank Keeps Repo Rates Unchanged At 6.5%
The Monetary Policy Committee meeting of the RBI that took place on June 6-8, has decided to go for a rate pause.
Jun 08, 2023, 10:05 AM IST
