Reserve Bank Of India
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RBI raises inflation forecast to 6.7% for 2022-2023
Business | Jun 08, 2022, 12:06 PM ISTRBI Governor Shaktikanta Das said the upside risk to inflation persists and the recent spike in tomato prices would fuel food inflation.
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RBI hikes repo rate by 50 basis points to 4.90% to tame inflation; EMIs set to go up
Business | Jun 10, 2022, 05:37 PM ISTRBI's decision to raise the interest rate is aimed at doubling down the fight to contain inflation that has surged in the last couple of months.
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Will RBI go for another repo rate hike to beat inflation? Experts speak
Business | Jun 07, 2022, 01:54 PM ISTRBI had in May hiked the repo rate by 40 basis points (bps) to 4.40 per cent amidst rising inflation concerns. This was the first hike after August 2018.
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Abdul Kalam, Rabindranath Tagore photos on rupee banknote? Here's what RBI says
India | Jun 06, 2022, 05:12 PM ISTThere were reports earlier that the Reserve Bank is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others.
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Another rate hike on cards, say experts ahead of RBI's MPC meeting
Business | Jun 05, 2022, 02:31 PM ISTThe retail inflation, which RBI factors in while arriving at its monetary policy, galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April, mainly on account of surging commodity prices.
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Home loan EMIs to go up as HDFC hikes interest rate; ICICI Bank, PNB increase MCLR
Business | Jun 01, 2022, 05:12 PM ISTThe upward revision in interest rates by HDFC, PNB and ICICI Bank follow an off-cycle rate increase by the Reserve Bank in May.
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Registration of 5 NBFCs cancelled by RBI, Check list
Business | May 26, 2022, 01:17 PM ISTRBI said that the registrations of five NBFCs were cancelled for violating norms related to outsourcing and fair practices code in their digital lending operations.
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Reserve Bank of India issues norms for import of gold by jewellers
Business | May 26, 2022, 12:20 PM ISTIn addition to agencies nominated by the RBI and by DGFT, Qualified Jewellers as approved by International Financial Services Centers Authority were permitted to import gold in January.
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RBI Governor says expectation of rate hike in next policy 'a no-brainer'
Business | May 23, 2022, 08:35 PM ISTRBI Governor Shaktikanta Das said that there will be some hike but how much I will not be able to tell now... to say that 5.15 (per cent) may not be very accurate.
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Provide option of cardless cash withdrawal at ATMs: RBI to banks
Business | May 20, 2022, 12:42 PM ISTRBI said that the National Payments Corporation of India (NPCI) has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.
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RBI may hike rates by 75 basis points by August: SBI Economists
Market | May 16, 2022, 05:05 PM ISTThe economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events.
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Fact-check: Govt dismisses fake Rs 500 notes claims over proximity of green strip
Fact Check | May 11, 2022, 09:13 PM ISTPIB fact check busts rumours claiming currency notes of Rs 500 are fake in which the proximity of the green strip is not near to the Reserve Bank of India (RBI) Governor's signature.
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RBI wants smooth policy measures; prefers smaller rate hikes: Source
Business | May 05, 2022, 09:39 PM ISTOn what changed since April 8 -- when the last scheduled policy meet decided to maintain status quo -- and May 4, the source said the inflation print at near 7 per cent for March came way above RBI's expectations, and the momentum is likely to continue in April as well.
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How RBI rate hike will tame inflation? Explained
Business | May 05, 2022, 05:11 PM ISTThe Reserve Bank of India in a surprise move on Wednesday (May 4) announced to hike the repo rate by 40 basis points to 4.40 per cent, the first hike since August 2018.
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Markets erase gains after initial euphoria to end flat; Nifty ends below 16,700
Market | May 05, 2022, 05:00 PM ISTThe 30-share BSE benchmark Sensex had jumped 897.77 points or 1.61 per cent to 56,566.80 during the day. But it pared most of the gains and closed just 33.20 points or 0.06 per cent higher at 55,702.23. Similarly, the NSE Nifty inched up 5.05 points or 0.03 per cent to 16,682.65.
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Home, auto loans EMIs set to go up after RBI's unscheduled interest rate hike | Details
Business | May 04, 2022, 05:21 PM ISTRBI Governor Shaktikanta Das said that all six members of the MPC unanimously voted for a rate hike to contain inflation that has remained stubbornly above the target of 6 per cent for the last three months.
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Card-less cash withdrawal facility across all banks' ATM network soon: RBI
Business | Apr 08, 2022, 01:05 PM ISTIt is proposed to enable customer authorisation through the use of UPI while settlement of such transactions would happen through the ATM networks.
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RBI ups inflation target for FY23 to 5.7 pc on rising global prices amidst geo-political tensions
Business | Apr 08, 2022, 12:12 PM ISTIn its earlier policy review in February, the RBI had projected retail inflation to be at 4.5 per cent in 2022-23.
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RBI keeps repo rate unchanged 11th time in a row at 4%; cuts FY23 GDP to 7.2%
Business | Apr 08, 2022, 01:33 PM ISTRBI on Friday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance despite rising inflation.
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Will RBI increase interest rate in first monetary policy of current fiscal? What experts say
Business | Apr 06, 2022, 05:34 PM ISTThe Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, is holding its first meeting in the current financial year. The meeting will be on from April 6 to 8 and the outcome will be announced on April 8.