Now do payments without using UPI pin with 'UPI Lite': Check benefits, eligibility, and other details
UPI Lite will be enabled on the BHIM App and low value transactions up to Rs 200 can be carried out using an ‘on-device’ wallet. Users can put a maximum amount of Rs 2000 in the wallet at any given point.
Sep 23, 2022, 10:15 AM IST
Domestic banks should keep more capital for worst-case scenario amid global financial uncertainties, says RBI governor
Governor praised both state-owned and private banks have played important role in the past two years tapping the markets to raise funds and informed that the capital adequacy of banks was comfortable at an aggregate level.
Sep 03, 2022, 13:11 PM IST
India’s inflation will go downward in future, says RBI governor Shaktikanta Das
Das, on the other hand, refused to comment on initiatives that might be announced following the upcoming policy meeting.
Sep 03, 2022, 11:15 AM IST
RBI increases repo rate by 50 basis points to 5.40%: Check out why
RBI hiked the repo rate by 50 basis points in the latest MPC meeting to stop runaway inflation and defend the rupee.
Aug 05, 2022, 13:57 PM IST
RBI Monetary Policy: Will loan rates get more expensive? Big decision coming today
While the hike in policy interest rates is almost certain, analysts and economists have different opinions on the extent of the rate hike. It varies between 25 basis points to 50 basis points.
Aug 05, 2022, 08:19 AM IST
'You buy an umbrella to use when it rains': RBI Governor on using forex reserves
Das said in recognition of the fact that there is a genuine shortfall of supply of forex in the market relative to demand because of import and debt servicing requirements and portfolio outflows, the RBI has been supplying US dollars to the market to ensure that there is adequate forex liquidity.
Jul 22, 2022, 16:06 PM IST
Rupee holding up well relative to emerging market peers, advanced economies: RBI Governor
Reserve Bank Governor Shaktikanta Das said the rupee is holding up relatively well when compared to the currencies of emerging market peers and advanced economies.
Jul 22, 2022, 12:40 PM IST
India's inflation likely held steady just above 7% in June: Reports
India`s retail inflation likely held steady in June, but well above the Reserve Bank of India`s tolerance limit for a sixth month as lower fuel and cooking oil prices offset higher services and food costs, a Reuters poll found.
Jul 11, 2022, 13:54 PM IST
Crypto friendly Singapore mulls tougher restrictions amid meltdown
The Singapore government is planning to introduce additional tough measures to safeguard consumers from the crypto meltdown, including restrictions on retail trading.
Jul 06, 2022, 14:04 PM IST
Banks well-positioned to withstand even severe stress scenarios: RBI Governor Shaktikanta Das
RBI governor Shaktikanta Das said in his foreword to a newly launched report said that the stress test results presented in this FSR ( Financial Stability Report) demonstrate that banks are well-positioned to withstand even severe stress scenarios.
Jun 30, 2022, 17:04 PM IST
Proper interpretation of data necessary for more informed decision making: RBI Governor
RBI Governor Shaktikanta Das emphasised the need for proper interpretation of data to facilitate more informed decision making as it will bring clarity in communication from decision makers as well as formation of rational expectations from market participants.
Jun 29, 2022, 20:54 PM IST
‘No harassment, bad language, threats’: RBI Governor warns loan recovery agents
RBI Governor Shaktikanta Das said that the customer harassment by loan recovery agents of the banks would not be tolerated.
Jun 18, 2022, 13:21 PM IST
RBI MPC Announcements: RBI raises FY23 inflation projection to 6.7%
RBI Governor Shaktikanta Das said that the Ukraine-Russia war has led to globalisation of inflation and is posing new challenges.
Jun 08, 2022, 14:17 PM IST
RBI Monetary Policy: Will loan borrowers get respite? Big decision coming today
The six-member Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das started deliberations on the bi-monthly policy review on Monday, while the outcome of the meeting will be announced today.
Jun 08, 2022, 07:50 AM IST
FM Sitharaman comments on RBI's sudden repo rate hike, check what she said
For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent.
May 09, 2022, 17:53 PM IST
RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties
The Reserve Bank of India slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier.
Apr 08, 2022, 15:46 PM IST
RBI Monetary Policy: Repo rate unchanged, inflation, GDP growth and more; Top 10 highlights you need to know
RBI kept the repo rate unchanged at 4%.
Apr 08, 2022, 12:10 PM IST
Cardless cash withdrawals will be available soon at banks, ATMs via UPI, says RBI Governor Shaktikanta Das
The RBI's monetary policy committee kept the lending rate, or repo rate, at 4% and voted to maintain its "accommodative" monetary policy stance.
Apr 08, 2022, 10:59 AM IST
CPI inflation projected at 5.7%, says RBI Governor Shaktikanta Das
RBI's approach will remain sophisticated and nimble, added Das.
Apr 08, 2022, 10:40 AM IST
RBI MPC Meet: RBI to unveil monetary policy today; All you need to know
The meeting can be watched on YouTube, Facebook and Twitter.
Apr 08, 2022, 08:21 AM IST
