Reserve Bank of India
- Business
Exports reviving as lever of India’s growth: RBI
Mumbai: There are signs of a revival of net exports as a lever of India’s growth as after the contraction in 2023- 24, outbound shipments from the country are undergoing an expansion…
- Politics
Banks must raise more deposits, step up lending: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Saturday urged banks to raise more deposits from the public and step up lending for government schemes announced in Budget 2024-25. Addressing the media after…
- India
Bears growl on RBI MPC policy day, Sensex slumps 581 points
Mumbai: India’s equity indices closed lower on Thursday following a hawkish stance by the Reserve Bank of India (RBI) governor on monetary policy. At closing, Sensex fell 581 points, or 0.73 percent,…
- India
RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh
Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday.…
- Business
Sensex, Nifty tumble post RBI monetary policy decision
Mumbai: Equity benchmark indices Sensex and Nifty continued to trade lower on Thursday after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a…
- India
RBI leaves repo rate unchanged to ensure price stability with growth
Mumbai: The RBI on Thursday kept the key policy repo rate unchanged at 6.5 per cent for a ninth consecutive meeting as it continued to maintain a balance between accelerating economic growth…
- Hyderabad
Banks in Hyderabad to observe nine holidays in August
Hyderabad: Banks in the city are set to observe nine holidays in August. However, ATMs and mobile banking will be available during these holidays. In August, banks throughout India, both public and…
- India
India is leading global digital revolution: RBI report
Mumbai: India is leading the global digital revolution, emerging as a frontrunner on the back of its robust digital public infrastructure, a vibrant financial technology (FinTech) ecosystem, and a conducive policy environment…
- India
India’s digital payments record double-digit growth: RBI data
Mumbai: Digital payments in India have registered a 12.6 per cent increase year-on-year with the RBI’s Digital Payments Index (RBI-DPI) rising to 445.5 at the end of March 2024 compared to 418.77…
- India
India has potential to become world’s 2nd largest economy by 2031: RBI Dy Guv
Mumbai: Given the country’s innate strengths, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by…
- India
Number of new jobs more than doubles in 2023-24: RBI data
New Delhi: As many as 46.6 million new jobs were created in the Indian economy during 2023-24, according to the latest data released by the Reserve Bank of India. The total number…
- Hyderabad
Hyderabad-based NBFC loses licenses for violating RBI guidelines
Mumbai: The Reserve Bank of India announced the cancellation of licenses for two non-banking financial companies (NBFCs) on Monday, July 8, due to violations of its guidelines, one of which operates in…
- Hyderabad
Banks in Hyderabad to observe seven holidays in July
Hyderabad: The banks in Hyderabad are set to observe seven holidays in July 2024. One of these holidays is declared by the Reserve Bank of India (RBI) under the Negotiable Instruments Act.…
- Business
97.87 pc of Rs 2000 banknotes have now been returned: RBI
Mumbai: The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the ₹2000 banknotes that were in circulation as of May 19, 2023, when their withdrawal was announced,…
- India
RBI sees India’s economy shifting from 7 to 8 per cent
Mumbai: There is an increasing evidence of a trend upshift taking shape, which is shifting India’s growth trajectory from the 2003-19 average of 7 per cent to the 2021-24 average of 8…
