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Latest Articles in reserve bank of india

RBI To Hold Rates On Inflation Concerns, Fiscal Boost Likely

The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.

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Banks Credit Growth At 7.5% In Fortnight To January 2: RBI

On a year-on-year basis, banks' credit growth slowed to 7.2 per cent to Rs 86.73 lakh crore in November 2019 from 13.8 per cent to Rs 80.93 lakh crore in the year-ago period.

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RBI May Put Rate Cuts On Extended Pause After Spike In Inflation

Economists said the MPC may watch for a possible reversal in food prices to see how inflation pans out in coming months.

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Panic Stricken Depositors Mill Around Bank After RBI Caps Withdrawal Limit

The depositors, mostly senior citizens, were concerned about their money deposited in the bank and worried as to how long it might take for the situation to get resolved.

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Things You Should Know About Michael Patra

Here are things one should know about the newly appointed Deputy Governor of RBI.

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RBI Buys Net $6.93 Billion In Currency Market In November: Report

The RBI bought USD 7.46 billion and sold USD 530 million in the market in November

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No Fraud, Fund Diversion At Reliance Home Finance: Forensic Auditor

The company's lenders had appointed Grant Thornton for the audit in August 2019 as required by the Reserve Bank of India (RBI) guidelines.

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Indian Government To Seek RBI Dividend Lifeline Amid Revenue Shortfall

The Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government, including 1.48 trillion rupees for the current fiscal year.

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RBI Announces Auction Of 63-Day Government Of India Cash Management Bill

The auction will be conducted using '"Multiple Price Auction" method. The competitive bids for the auction will be submitted in electronic format on the Reserve Bank of India.

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Inflation Probably Breached RBI Target In December

India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.

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RBI Launches 'MANI' App To Help Visually Challenged Persons To Identify Denomination Of Notes

The app is capable of identifying the denominations of Mahatma Gandhi Series and Mahatma Gandhi (New) series banknote by checking front or reverse side or part of the note including half folded notes.

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RBI Issues Draft Norms On Prudential Exposure Limits For Cooperative Banks

The move comes after the recent PMC Bank debacle which left thousands of depositors clamouring for withdrawals amid reports of major financial irregularities, failure of internal control and systems of the bank, and wrong or under-reporting of its exposures under various off-site surveillance reports.

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India's Financial System Remains Stable Despite Weak Growth But Risks Persist: RBI

The resilience of the banking sector has improved following the recapitalisation of Public Sector Banks (PSBs) by the government.

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Inflation Leaves Consumers Teary-Eyed As Pricey Onions, Food Items Bite

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen lately.

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High Onion Prices Figured Prominently In RBI MPC Meeting, Minutes Show

The six-member MPC had kept the repo rate unchanged on December 5 despite moderation in economic growth and easing inflation.

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