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Reserve Bank of India
Reserve Bank of India News
Reserve Bank of India
26 Jul 2024
India's Digital Payments Record Double-Digit Growth: RBI Data
The RBI-DPI comprises 5 broad parameters that enable the measurement of penetration of digital payments in the country over different time periods.
Reserve Bank of India
24 Jul 2024
RBI Tightens Rules For Domestic Money Transfers
The RBI also stated that the guidelines on card-to-card transfers are excluded from the purview of the DMT framework and shall be governed under the guidelines granted for such instruments.
Forex Reserve
20 Jul 2024
India's Forex Reserves Hit Record USD 666.85 Billion
According to a recent RBI report, India's foreign exchange reserves are now sufficient to cover over 11 months of projected imports.
Bharat Bill Payment System
15 Jul 2024
Bharat Bill Payment System: Full List Of Credit Card Billers Live On BBPS
The payment modes options facilitated under the Bharat BillPay are Cards (Credit, Debit and Prepaid), NEFT Internet Banking, UPI, Wallets, Aadhar based Payments and Cash.
Bank holidays
12 Jul 2024
Bank Holiday Alert: Will Banks Be Open Or Closed On Saturday, July 13?
Even though banks will be closed on certain days in July, customers can still use online banking services.
RBI
09 Jul 2024
Employment In 27 Sectors Rises 3.31% In 2022-23: RBI Data
The Reserve Bank of India (RBI) has placed on its website an update on 'Measuring Productivity at the Industry Level-The India KLEMS [Capital (K), Labour (L), Energy (E), Material (M) and Services (S)] Database'.
Reserve Bank of India
08 Jul 2024
RBI Cancels Registration Of 2 NBFCs For Irregular Lending Practices
Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures Private Limited). Polytex India, headquartered in Mumbai, was providing services under the 'Z2P' mobile application (owned and operated by Zaitech Technologies Private Limited).
Reserve Bank of India
06 Jul 2024
RBI Penalizes Five Banks, Including PNB, For Regulatory Non-Compliance
The Statutory Inspection for Supervisory Evaluation (ISE 2022) of the bank was conducted by RBI with reference to its financial position as on March 31, 2022.
India's foreign exchange
05 Jul 2024
India's Foreign Exchange Reserves Lightly Off All-Time Highs; Declines By USD
India's foreign exchange reserves jumped to touch a new lifetime high during the week that ended June 7.
Bharat Bill Payment System
04 Jul 2024
HDFC, Axis Bank Customers Can't Pay Credit Card Bill Via CRED, PhonePe, Paytm
The Reserve Bank of India has mandate that all credit outstanding repayments must be routed through the Bharat Bill Payment System (BBPS)- managed by the National Payments Corporation of India (NPCI). The revised norms to streamline the process of bill payments is applicable from 1 July 2024.
Finance Ministry
03 Jul 2024
Govt Bonds Worth Rs 28,000 Crore Coming Up For Sale On Friday
The government will have the option to retain additional subscriptions up to Rs 2,000 crore against each of the three securities.
RBI
02 Jul 2024
RBI Rolls Out New Draft Regulations To Ease Export And Import Deals
The RBI said the draft regulations under FEMA and directions to Authorised Dealer banks are available on its website for public response.
Floating Rate Savings Bonds
02 Jul 2024
Floating Rate Savings Bond: Interest For July-December Quarter Announced
Floating Rate Savings Bonds may be held by a person who is a resident of India or HUF --check eligibility, issue price, taxation and other details.
Reserve Bank of India
02 Jul 2024
Former RBI Governor Dr.D Subbarao Visits His Alma Mater Rau's IAS Study Circle
Dr. Subbarao, who topped the Civil Services Examination in 1972, reminisced, "Visiting my alma mater took me 50 years back." His nostalgic words resonated deeply with the current students, highlighting the profound impact Rau's IAS Study Circle had on his journey.
Bank holidays
29 Jun 2024
Bank Holidays July 2024: Banks To Remain Closed For 12 Days, Check List
The RBI releases an official list of bank holidays each month. Bank customers should review this list to avoid unnecessary trips to the bank.
India's forex reserves
28 Jun 2024
India's Forex Reserves Rise By $816 Million To Scale 653.7 Billion Mark
Prior to this, India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a life-time high of $655.8 billion.
Reserve Bank of India
28 Jun 2024
RBI Governor Shaktikanta Das Stresses Need To Eliminate Algorithm Biases
The governor emphasised that the volume of digital data stored as well as the storage capacity are growing at an exponential pace, bringing forth new challenges along with new opportunities.
Reserve Bank of India
27 Jun 2024
Bad Loans Drop To 12-Year Low, Boosting Growth Momentum: RBI Report
The real gross domestic product (GDP) rose by 8.2 per cent in 2023-24 against 7 per cent in the preceding fiscal.
State Bank of India
27 Jun 2024
RBI Rolls Out New SAARC Currency Swap Framework For 2024 To 2027
Under the Framework for 2024-27, a separate INR Swap Window has been introduced with various concessions for swap support in Indian Rupee.
Reserve Bank of India
21 Jun 2024
URL Changed For Reserve Bank’s Database On Indian Economy Portal
Check the latest URL on Database on Indian Economy Portal.
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