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  Home loan outstanding grew by 3.4 lakh crore in last one year: RBI

  Business | June 29, 2024 11:40 IST

  Apart from home loans, credit cards, non-food bank credit, industries and agricultural activity loans saw a year-on-year growth in May 2024. However, the personal loan segment growth has moderated.

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  India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion

  Business | June 28, 2024 17:44 IST

  The apex bank said gold reserves increased by USD 988 million to USD 56.956 billion during the week. The Special Drawing Rights were down by USD 57 million to USD 18.049 billion.

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  India records current account surplus of 0.6 per cent of GDP in March quarter: RBI

  Business | June 24, 2024 18:50 IST

  For FY24, the current account deficit narrowed to USD 23.2 billion or 0.7 per cent of GDP against USD 67 billion or 2 per cent of GDP in FY23, the RBI said in a release on the Developments in India's Balance of Payments.

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  India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs

  Business | June 21, 2024 17:41 IST

  Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

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  RBI proposes automatic replenishment for UPI Lite wallet

  Business | June 07, 2024 15:00 IST

  The Reserve Bank of India (RBI) has proposed a new facility to allow automatic replenishment of UPI Lite wallets to promote small-value digital payments. Currently, UPI Lite has a daily limit of Rs 2,000 and a per-transaction limit of Rs 500.

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  RBI keeps repo rate unchanged at 6.5% for eight consecutive time | Key highlights

  Business | June 07, 2024 13:01 IST

  RBI Governor Shaktikanta Das revealed the next set of monetary policies on Friday morning. Earlier, experts anticipated that the RBI will maintain the benchmark interest rate at 6.5%, unchanged since February 2023, due to inflation concerns.

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  Peru becomes first South American country to adopt UPI technology, signs agreement with NPCI

  Business | June 05, 2024 18:50 IST

  Julio Velarde, Governor of the Central Reserve Bank of Peru calls it a significant step towards strengthening and modernising the Peruvian payments system by expanding access to digital payments.

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  Online payment fraud cases jumped by 400 percent, RBI releases shocking data

  Technology | June 01, 2024 15:20 IST

  The Reserve Bank of India has shared data on the frauds that occurred in the last financial year, and the numbers are alarming. The rise in UPI payments has corresponded with a similar increase in online fraud cases.

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  RBI transfers 1000 tonnes of gold from UK to its vaults in India

  Business | May 31, 2024 17:13 IST

  In the biggest logistical exercise to move huge quantity of gold since 1991, the Reserve Bank of India transfers 1000 tonnes of gold to its vaults in India. The move is guided by the management of overseas gold reserve considering its rise in recent years.

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  Bank Holidays in June 2024: Banks to remain shut for 12 days | Check details here

  Business | May 27, 2024 11:45 IST

  Bank Holidays in June 2024: All public and private banks in India, including the State Bank of India, will be closed for at least 12 days in June 2024 due to religious festivals, regional holidays, and weekends.

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  RBI approves highest-ever dividend of Rs 2.11 lakh crore to govt: How does Central Bank earn profit?

  Explainers | May 27, 2024 8:22 IST

  The decision to pay the highest-ever dividend to the government was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das.

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  Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

  Business | May 24, 2024 18:13 IST

  Following three weeks of successive increase, the Indian foreign exchange reserve registers all time high growth. Earlier in the week ending on April 5, the highest ever forex reserve was achieved with USD 648.562.

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  India's foreign exchange reserves jump USD 3.7 billion

  Business | May 11, 2024 12:30 IST

  Forex reserves are assets that are held by a nation's central bank or monetary authority. It's generally held in reserve currencies, usually US Dollar and, to a lesser degree, Euro, Japanese Yen, and Pound Sterling.

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  97.76 per cent of Rs 2,000 currency notes returned, says RBI

  May 02, 2024 19:25 IST

  The total value of Rs 2,000 banknotes dropped drastically from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, indicating a substantial decline, according to RBI statements.

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  Are banks closed on May 1? | Check complete list of bank holidays in May 2024

  Business | April 30, 2024 10:28 IST

  Bank holidays May 2024: The Reserve Bank of India shared the list of bank holidays for the upcoming month which includes Sundays, second and fourth Saturdays as well as a list of public holidays.

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  RBI bars Kotak Mahindra Bank from onboarding new online customers, issuing fresh credit cards

  Business | April 24, 2024 17:03 IST

  The RBI's action follows deficiencies in Kotak Bank's IT risk management and information security governance.

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  RBI April's Bulletin claims extreme weather may pose risk to inflation across country

  Business | April 23, 2024 19:28 IST

  The Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate unchanged at 6.5 per cent since February 2023, citing concerns on the inflation front.

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  Banks closed on April 19: Bank holiday in THESE cities due to Lok Sabha Elections 2024 | Check list

  Business | April 18, 2024 12:14 IST

  Ahead of the polls, states like Uttarakhand, Nagaland, and Tamil Nadu have declared special holidays to ensure citizens’ participation. States such as Arunachal Pradesh, Assam, Bihar, Chhattisgarh, and others have also announced bank holidays for April 19, 2024, in line with the elections.

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  RBI issues draft guidelines on payment aggregators | Check details

  Business | April 17, 2024 10:41 IST

  The draft said non-banks providing PA-P services should have a minimum networth of Rs 15 crore at the time of submitting an application to the RBI for authorisation and a minimum networth of Rs 25 crore by March 31, 2028.

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  RBI to expand central bank digital currency trails beyond banks: All you need to know

  April 06, 2024 17:05 IST

  RBI is currently conducting CBDC pilots in Retail and Wholesale segments with different use cases and participating banks. Now, the central bank has proposed to expand trails beyond banks to non-bank payment system operators.