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  RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent

  Business | December 30, 2024 19:07 IST

  The Reserve Bank of India has released its Financial Stability Report (FSR) expressing optimism about the economy in the near future. It also revealed facts about NPA, the condition of Scheduled Commercial banks and inflation.

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  Attention Bank account holders: These type of accounts will be closed from January 1

  December 30, 2024 16:48 IST

  As 2025 approaches, the Reserve Bank of India is making efforts to minimise the burden on the banking system while ensuring enhanced cyber and financial security. Accordingly, it has issued a direction to close some of the accounts. Check if your account is one among them.

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  Bank holidays in January 2025: Banks to remain shut on these dates | Check full list

  Business | December 29, 2024 18:01 IST

  Bank holidays in January 2025: As per the instructions of Reserve Bank of India, banks will remain closed on all public holidays and some regional holidays depending on the particular state. Regional holidays are decided by the state government.

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  India's forex reserves drop by USD 8.478 billion to USD 644.391 billion

  Business | December 27, 2024 18:56 IST

  RBI said that gold reserves decreased by USD 2.33 billion to USD 65.726 billion during the week.

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  RBI forms 8-member panel on ethical use of AI in financial sector: Check all important details

  Business | December 26, 2024 17:16 IST

  Headed by IIT Bombay professor Pushpak Bhattacharyya (Department of Computer Science and Engineering), the panel will assess the current level of adoption of AI in financial services, globally as well as in India.

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  Bank holiday today: Are banks open on Saturday, December 21? Here’s what to know

  December 21, 2024 8:40 IST

  Banks remain closed on second and fourth Saturdays and Sundays as per RBI rules. However, today, December 21, a third Saturday, banks will remain open nationwide. Know about upcoming bank holidays in December 2024, tips for checking state-specific holidays, and options for completing financial task.

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  Reserve Bank of India gets 'bomb threat' email, police begin investigation

  India | December 13, 2024 10:11 IST

  Following the incident, an FIR was filed at the Mata Ramabai Ambedkar (MRA) Marg Police Station against unidentified individuals.

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  Sanjay Malhotra to assume office as 26th RBI Governor amid inflation concerns today

  Business | December 11, 2024 7:06 IST

  IAS officer Sanjay Malhotra has been appointed as the 26th RBI Governor, succeeding Shaktikanta Das. With inflation at 6.2 per cent and GDP growth slowing, Malhotra faces critical decisions on India’s monetary policy.

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  Shaktikanta Das: Six major policy decisions in six years as RBI Governor

  Business | December 10, 2024 14:52 IST

  Shaktikanta Das, the outgoing RBI Governor, made six pivotal policy decisions during his tenure, from navigating the COVID-19 crisis to introducing India’s Digital Rupee. Know about his lasting impact on India’s economic landscape.

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  Who is Sanjay Malhotra? Newly appointed RBI Governor replaces Shaktikanta Das

  Business | December 09, 2024 18:06 IST

  Sanjay Malhotra, who is currently serving as the Revenue Secretary in the Finance Ministry will now replace Shaktikanta Das, whose tenure comes to an end on Tuesday, December 10.

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  Sanjay Malhotra, Revenue Secretary, appointed by Modi government as next RBI Governor

  Business | December 10, 2024 6:21 IST

  Sanjay Malhotra's appointment is effective December 11, 2024, and will continue for three years, as per an official notification from the Department of Personnel and Training on Monday.

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  SBI forecasts India's GDP growth at 6.3 pc, lower than RBI's projection for financial year 2025

  Business | December 07, 2024 14:34 IST

  The current downward revision to 6.6 per cent for FY25 reflects the RBI's acknowledgement of potentially missing earlier projections by a significant margin.

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  How much does the Govt spend to mint One-Rupee coin? Check here

  December 06, 2024 19:50 IST

  The one-rupee coin is minted by the Indian Government Mint (IGM) at Mumbai and Hyderabad. The RBI in its currency presses manufacture from Rs 2 to Rs 2,000.

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  RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details

  Business | December 06, 2024 17:21 IST

  Credit line on UPI has the potential to make available low-ticket, low-tenor products to "new-to-credit" customers, RBI Governor Shaktikanta Das said.

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  RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

  Business | December 06, 2024 14:13 IST

  Terming the growth much lower-than-anticipated, RBI Governor Shaktikanta Das exuded confidence that high-frequency indicators available so far suggest that the slowdown in domestic economic activity bottomed out in Q2:2024-25.

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  RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent

  Business | December 06, 2024 10:29 IST

  The Reserve Bank of India on Friday announced monetary policy. It last hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at the same level.

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  RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines

  Business | December 04, 2024 21:50 IST

  As per the new regulations, the RBI said the offline framework has been updated and the enhanced limits for UPI Lite shall be Rs 1,000 per transaction, with Rs 5,000 being the total limit at any point in time.

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  RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly

  Business | December 03, 2024 7:46 IST

  Issuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free.

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  India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

  Business | November 29, 2024 17:57 IST

  The reserves, which had hit an all-time high of USD 704.885 billion in end-September, have been declining for multiple weeks, at a time when the rupee has also been under pressure.

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  RBI Governor Shaktikanta Das admitted to hospital in Chennai, central bank gives health update

  India | November 26, 2024 9:58 IST

  RBI Governor Health Update: Giving an update on his health, the RBI said there's no cause for concern and he will be discharged in a few hours.