NEW DELHI: The Reserve Bank of India (RBI) has announced a 25-basis-point reduction in the policy repo rate, bringing it down from 6.5% to 6.25%.…
View More RBI cuts repo rate by 25 bps, maintains neutral stance
An Oxford University study has lauded Prime Minister Modi’s leadership and the innovative PRAGATI platform for accelerating 340 infrastructure projects across India, collectively worth $201 billion.
View More Oxford study: Modi’s leadership, PRAGATI drive $201 bn in infrastructure projects across India
Reserve Bank of India (RBI) is under scrutiny as Tata Sons, the holding company of the prominent Tata Group, navigates regulatory challenges related to its upcoming Initial Public Offering (IPO).
View More RBI faces pressure as Tata Sons’ IPO plans encounter regulatory hurdles
Retail inflation, after averaging 6.7% in FY23, declined to 5.4% in FY24, thanks to effective administrative and monetary policy responses. Food inflation rose from 6.6% in FY23 to 7.5% in FY24
View More Economic Survey 2023-24: Core inflation at 9-year low; Food inflation increased
he Reserve Bank of India (RBI) has disclosed that 97.87% of the ₹2,000 denomination banknotes, amounting to ₹3.56 lakh crore in value,
View More RBI reports 97.87% return of ₹2,000 banknotes since withdrawal announcement
“By 2047-2050 we are going to start growing old. Are we going to be rich by then? Not at 6-6.5 per cent growth,” he said.
View More Raghuram Rajan: Can India grow rich before growing old?
The RBI’s directive, issued under Section 35A of the Banking Regulation Act, 1949, underscores the central bank’s concerns about deficiencies observed during its IT examinations of KMB for the years 2022 and 2023. Despite receiving corrective action plans from the RBI in both years, subsequent assessments revealed ongoing non-compliance by the bank.
View More RBI restricts Kotak Mahindra Bank from online customer onboarding
India’s recent economic performance has once again demonstrated its resilience and dynamism, with a remarkable GDP growth of 8.4% in the October-December quarter of 2023-24,…
View More India’s economic triumph is defying sceptics
NEW DELHI: Paytm CEO Vijay Shekhar Sharma came under limelight after the Reserve Bank of India (RBI) imposed restrictions on the Paytm Payments Bank, prohibiting…
View More Caught on cam: Paytm CEO’s bizarre reaction when asked about RBI ban
NEW DELHI: The Reserve Bank of India (RBI) has implemented restrictions on Paytm Payments Bank, prohibiting the entity from providing additional banking services starting March…
View More RBI restricts Paytm Payments Bank services starting March 2024; here’s why
The central bank had declared the withdrawal of Rs 2,000 notes on May 19, 2023.
View More RBI confirms 97.26% of Rs 2,000 notes returned since May 19 withdrawal
NEW DELHI: The Reserve Bank of India (RBI) decided to increase the risk weight by 25 per cent on consumer credit exposure of commercial banks…
View More Credit risk weight on exposure to increase by 25% for banks, NBFCs