DD India
December 19, 2023 12:15 PM
India has witnessed an exceptional surge in Unified Payments Interface (UPI) transactions, reaching a staggering 8,572 crore by December 11, 2023, marking a significant shift towards digital transactions. This growth is part of a larger trend, with U...
December 18, 2023 3:54 PM
In a strategic move to channelize domestic savings into financial instruments, the Government of India has launched the Sovereign Gold Bond Scheme 2023-24 (Series III). Stemming from the inaugural scheme in November 2015 under the Gold Monetisation S...
December 8, 2023 11:40 AM
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) announced on Friday its decision to keep the repo rate unchanged at 6.50% after a three-day deliberation. "The standing deposit facility rate remains at 6.25%, and the marginal standi...
November 17, 2023 10:16 AM
The Reserve Bank of India (RBI) has taken a decisive step to tighten norms governing unsecured personal loans for both banks and non-banking financial companies (NBFCs). This move comes as a response to the escalating risk associated with consumer cr...
November 3, 2023 11:03 AM
The Reserve Bank of India (RBI) has introduced a new option for the public. Individuals can now send their Rs 2,000 banknotes to RBI's regional offices via insured post, allowing for direct credit to their bank accounts. This initiative is particular...
November 1, 2023 2:52 PM
The Reserve Bank of India (RBI) has said it will directly regulate firms engaged in cross-border payment transactions for the import and export of goods and services. This regulatory step aims to combat the practice of small-scale imports of restri...
October 23, 2023 1:59 PM
In the aftermath of the recent financial crisis, the issue of "too big to fail" (TBTF) has taken center stage in the ongoing debate on financial regulatory reform. This issue has been particularly prominent in developed economies such as the United S...
October 6, 2023 12:38 PM
Ahead of the festive season, the Reserve Bank of India on Friday decided to keep the policy repo rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation. Announcement After MPC Meeting This announcement came after a t...
October 5, 2023 9:29 AM
As the three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) commenced on Wednesday, October 4th, there was widespread anticipation that the central bank would maintain the current interest rates and policy stanc...
October 1, 2023 10:26 AM
The Reserve Bank of India (RBI) has extended the deadline for depositing or exchanging Rs 2,000 denomination banknotes until October 7, 2023. Originally, September 30 was set as the deadline to facilitate the withdrawal process. In the past month, t...
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