May 2, 2024 9:29 PM
The Reserve Bank of India (RBI) has issued an update regarding the withdrawal of Rs 2000 denomination banknotes from circulation. According to the RBI press release, the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore as...
May 2, 2024 4:29 PM
India's GDP is expected to grow by 7.8 per cent in the concluded financial year 2023-24, with a projection of 6.6 per cent growth over the next two fiscal years, according to latest Economic Outlook report from OECD. The report cautions that global n...
April 6, 2024 10:29 AM
The Reserve Bank of India (RBI) stood out with its continued accumulation of gold reserves. Weekly data from the RBI revealed a 6-tonne increase in gold holdings in February alone. This brings the total year-to-date buying by the RBI to over 13 to...
April 5, 2024 12:46 PM
The Reserve Bank of India's Monetary Policy Committee (MPC) on Friday kept the key repo rate unchanged at 6.5 per cent for the seventh consecutive meeting, as it focused on reigning in retail inflation that has stayed above its 4 per cent target. Th...
April 1, 2024 4:46 PM
Finance Minister Nirmala Sitharaman on Monday praised the Reserve Bank of India's (RBI) monetary tightening measures, saying that they have stabilized government securities (G-Sec) yields and boosted investor confidence in the Indian economy. Speaki...
April 1, 2024 3:33 PM
Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade and said that the changes occurred in the banking system due to the honesty and consistency in the efforts of the governme...
April 1, 2024 9:23 AM
Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today (Monday), the central bank said. The event will also be attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktika...
March 20, 2024 5:16 PM
India's economy is displaying resilience and growth despite facing hurdles, as stated in an article published in the Reserve Bank of India’s (RBI) monthly bulletin on Tuesday. According to the article, India's real GDP growth surged to 8.4 percent...
March 15, 2024 12:34 PM
Paytm Payments Bank will stop offering services like accepting deposits and processing credit transactions starting March 15, as directed by the Reserve Bank of India. (https://www.rbi.org.in/commonperson/English/scripts/FAQs.aspx?Id=3573) The RBI ...
February 24, 2024 11:31 AM
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI), to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel, e...
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