Browsing: RBI

In a recent regulatory action, the Reserve Bank of India (RBI) has imposed monetary penalties on Manappuram Finance Limited and…

The President stated that the government has passed legislation like the Insolvency and Bankruptcy Code (IBC) and implemented other reforms…

The central bank board resolved to give the government Rs 2.11 lakh crore, which will be helpful to the government’s…

The RBI has expressed worry over the fact that the bank’s online and digital banking channels, as well as its…

The Reserve Bank of India (RBI) has recently taken a significant step by drafting guidelines for self-regulatory organizations (SROs) within…

Even though inflation fell to 4.87 percent in October, it is still expected to be above the medium-term target of…

Reserve Bank of India (RBI) Governor Shaktikanta Das has emphasized

The Monetary Policy Committee (MPC) of the Reserve Bank of India made a decision about monetary policy on October 6.

He has urged lenders to stop engaging in such behavior and said that board meetings should be open, fair, and democratic.

Retail inflation in India, as determined by the consumer price index, decreased from a 15-month high of 7.44 percent in July to 6.83 percent in August.

The Fair Practices Code has required REs to quickly return original documents to customers upon loan settlement since 2003,although this practice is not adhered to.

By holding the policy rate at 6.5 percent during its meeting last week, the Reserve Bank of India’s Monetary Policy Committee exercised caution and calculated risk.

The Reserve Bank of India (RBI) had to make a difficult decision, so it remained with the previous strategy of pausing but adding some hawkish comments.

The MPC of the RBI, which sets interest rates, has decided to maintain the repo rate, the primary lending rate for the institution, at 6.5 percent.

When the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) meets today, June 6, to assess the economy’s prospects, all eyes will be on the meeting.

The move is aimed at improving the ease of doing business for CICs and streamlining the registration process.

Concerns of a similar problem in banks throughout the world have been raised by the collapse of Silicon Valley Bank (SVB) in the United States earlier this month.

The main consumer price index was 6.44%, just below January’s 6.52% level.

The central bank introduced a platform where small customers could transact with transparency.

A rate hike was prevalent last year (2022).

Raghuram Rajan, a former governor of the RBI, questioned if SEBI needed the assistance of law enforcement agencies in order to determine the ownership.

At its April review, the RBI is expected to boost interest rates once more, bringing the cost of borrowing to 6.50 percent after six increases since May.

The Reserve Bank has been mandated by the central government to ensure the retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

Shaktikanta Das, governor of RBI, stated on Wednesday that the real GDP growth is anticipated to expand at a rate of 6.4% for FY24 and 7% for FY23.

Everyone including significant multilateral organizations acknowledges the Modi administration’s expert economic management.

The case was decided on by a five-judge Constitution bench, led by Justice S. A. Nazeer, who will retire on January 4.

The rate increases, which vary between 20 and 110 bps, will take effect on January 1st, 2023.

The Indian government recently declared that it is now exploring for ways to include nations lacking in dollars in the Indian rupee trade settlement process.

The Congress party is undertaking the 3,570-km ‘Bharat Jodo Yatra’ that began at Kanniyakumari on September 7, 2022, and will end at Srinagar covering 12 States in 1

Why are there lesser ₹2000 notes in the market? What caused the discontinuation in printing of these notes? Let’s find out in the blog!

Resident entities will now be able to hedge their gold price risk on recognised exchanges in the IFSC, giving these companies more flexibility to manage the price .

The Meeting of the Monetary Policy Committee ended and it was the first meeting after MPC had submitted a report to the central bank

India’s central bank governor has raised interest rates for the third time in four months, bringing the total rate increase since May 2 to 25 basis points.

E-RUPI can be used to transfer funds from one wallet to another even when there is no internet connection.

On November 29, the Reserve Bank of India (RBI) declared that the retail version of the digital rupee (e-R) would launch its first pilot program on December 1, 2022.

On the first of this month, the reserve bank of India launched India’s first digital currency, CBDC.

After exceeding 6% for three consecutive quarters, inflation has now reached the point where a lot of questions need to be answered.

The Reserve Bank of India launched E-rupee to improve the Indian economy in some way, yet many people have misconceptions about it.