July 12, 2024 9:08 PM
The Reserve Bank of India (RBI) reported on Friday that for the week ending July 5, the nation's forex reserves surged by $5.158 billion, touching an unprecedented $657.155 billion. This figure surpasses the previous record of $655.817 billion set ju...
June 15, 2024 10:47 AM
India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed. The reserves have been rising on and off...
June 7, 2024 11:21 AM
The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 percent for the eighth consecutive time on Friday, aiming to bring inflation down to its medium-term target of 4%. The Monetary Policy Committee (MPC), in a majority decision with fo...
May 29, 2024 11:47 AM
The Reserve Bank of India has launched three major initiatives - the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository - aimed at enhancing public access to the central bank and facilitating regulatory approvals and transactions. ...
May 23, 2024 12:03 PM
The Reserve Bank of India (RBI) board approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. The decision was taken at Apex Bank's 608th meeting of the Central Board of Directors....
May 22, 2024 3:47 PM
The Reserve Bank of India (RBI) has urged retail investors to exercise caution while investing in cryptocurrencies, warning that the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity. In its monthly bulletin r...
May 17, 2024 4:39 PM
India's banking sector is ready and fit to support the country's growth in the coming years, K V Kamath, Chairman of the National Bank for Financing Infrastructure & Development, said in an interview with ANI. Kamath said that after the governme...
May 16, 2024 4:57 PM
Fitch Ratings feels that the Reserve Bank of India's (RBI) latest efforts to strengthen corporate governance and risk management in the non-bank financial institutions (NBFIs) may reduce industry risks over the longer term, if successful, but it woul...
May 14, 2024 6:02 PM
The Ministry of Home Affairs (MHA) has issued a cautionary advisory regarding cyber criminals who are adopting deceptive tactics such as 'blackmail' and 'digital arrest', posing as officers from various government agencies. These fraudulent individua...
May 11, 2024 5:20 PM
India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks ...
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