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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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  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 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 discharged from hospital, health condition fine', says Central bank

  India | November 26, 2024 18:11 IST

  Earlier in the day, the RBI Governor was admitted to Apollo Hospital in Chennai after he experienced acidity. After initial examination, he was diagnosed with acidity.

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  Bank holiday today: Banks closed in these cities due to Maharashtra election, check full list

  Business | November 20, 2024 12:19 IST

  Bank holiday today: As per the RBI order, Mumbai, Belapur, Kanpur, and the Nagpur region will observe a bank holiday on Wednesday, November 20.

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  India's forex reserves fall to USD 675.653 billion as of November 8, says RBI

  Business | November 15, 2024 17:54 IST

  The fall is attributed to a dip in foreign currency assets, which form the largest component of the reserves. These assets saw a reduction in valuation as the dollar strengthened against major global currencies.

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  India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

  Business | November 08, 2024 18:53 IST

  India’s foreign exchange reserves declined for the fifth consecutive week, dipping by $2.675 billion to $682.130 billion. This trend may indicate RBI’s market intervention to support the rupee amid currency volatility. Discover how reserve changes impact India’s economy and stability.

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  India's forex reserves drop USD 2.16 billion to USD 688.26 billion for week ending on October 18

  Business | October 25, 2024 17:56 IST

  In the week ending October 18, India’s foreign exchange reserves witnessed a decrease primarily driven by a significant drop in Foreign Currency Assets (FCA), one of the largest components of the reserves.

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  Fixed Deposit rates likely to decline soon! List of banks offering maximum interest on FDs | Check

  Business | October 14, 2024 23:18 IST

  Fixed Deposits (FDs) have consistently been a go-to investment for individuals who prioritise stability and low risk, as opposed to market-linked investments like mutual funds and stocks.

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  RBI increases UPI Lite, UPI 123PAY transaction limits to boost 'digital payments'

  Business | October 09, 2024 11:54 IST

  The Reserve Bank of India (RBI) has raised the transaction limits for UPI Lite and UPI 123PAY, increasing accessibility to digital payments. The UPI Lite limit has risen from Rs 500 to Rs 1,000, while UPI 123PAY limits have doubled to Rs 10,000.

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  RBI’s MPC meeting concludes, UPI transaction limits changed, repo rate steady | Key takeaways

  Business | October 09, 2024 11:02 IST

  The Reserve Bank of India Governor as ex-officio chairman of the Monetary Policy Committee commenced the three-day meeting on October 7 which concluded today. It was anticipated that the repo rate would be reduced this time considering the rate cuts by the US Feds.

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  RBI keeps repo rate unchanged at 6.5 per cent for 10th consecutive time

  Business | October 09, 2024 10:39 IST

  The Reserve Bank of India (RBI) has kept the benchmark repo rate unchanged at 6.5% for the 10th consecutive time, maintaining its focus on inflation control while balancing economic growth.

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  RBI to take decision on repo rate, three-day monetary policy committee meeting begins today

  Business | October 07, 2024 11:34 IST

  The 3-day Monetary Policy Committee (MPC) meeting will conclude on October 9. The outcome of the meeting is eagerly awaited as the RBI has kept the repo rate steady for the last nine consecutive months.

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  India’s forex reserves hit record high of USD 704.88 billion, surging by USD 12.58 billion

  Business | October 04, 2024 18:06 IST

  The sharp increase in forex reserves strengthens India's ability to cushion against global economic uncertainties and provides greater stability to its currency in the face of volatile international markets.

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  RBI unlikely to cut rates amid strong economic growth, says SBI report

  Business | October 03, 2024 13:25 IST

  The Reserve Bank of India (RBI) is unlikely to announce a rate cut in its upcoming monetary policy meeting, according to a report by the State Bank of India (SBI). With India experiencing robust economic growth that surpasses capacity, the RBI is expected to maintain current interest rates.

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  India's forex reserve gained $66 billion in 2024, may cover year of projected imports

  Business | September 15, 2024 15:57 IST

  So far this year's gains exceed India's cumulative foreign exchange rise in 2023. The rise in foreign exchange reserves, which saw a $71 billion dip in 2022, is significant in preventing the effects of global economic headwinds on the domestic economy.