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RBI Governor Shaktikanta Das presented a memento to Prime Minister Narendra Modi during a ceremony to mark 90 years of the Reserve Bank of India in Mumbai on April 1, 2024. | Photo Credit: PTI Prime Minister Narendra Modi on April 1 said India needs to become economically self-reliant in the next ten years so…
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The logo of the Reserve Bank of India. File | Photo Credit: Reuters The Telangana Government has decided to raise ₹16,000 crore through market borrowings in the first quarter of the upcoming financial year 2024-25. The Government has submitted an indent for raising the amounts through the auction of securities during the April-June quarter. It…
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India’s forex reserves have increased yet again, RBI data shows. This is the fifth consecutive week of a jump in the overall reserves. | Photo Credit: Reuters India’s forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank of India said. This is the…
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A worker cuts metal inside a workshop manufacturing metal pipes in Mumbai, India August 11, 2017. REUTERS/Shailesh Andrade | Photo Credit: SHAILESH ANDRADE India can sustain 8% annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country’s growth trajectory, said an article on the ‘State of…
The lenders did not disclose the reasons cited by the central bank (Representational) Mumbai: India’s central bank has asked South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders said in separate stock exchange filings on Wednesday. South Indian Bank said it has been asked to stop…
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A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. File | Photo Credit: Reuters India has allowed its central bank to import gold without paying import levies, the government said in a notification issued late on March 12. Indian gold importers need to pay basic customs duty and Agriculture Infrastructure…
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The story so far: Seeking to institute a framework for regulated entities to tackle climate-related financial risks, the Reserve Bank of India (RBI) on February 28 presented draft guidelines on Disclosure framework on Climate-related Financial Risks, 2024. The Statement on Developmental and Regulatory Policies, presented along with the Monetary Policy statement on February 8, 2023,…
While the Government has hiked rates on most saving schemes over the last six quarters. File | Photo Credit: Reuters The Centre on March 8 decided to keep the returns offered on various small savings schemes unchanged for the April to June quarter, quashing hopes of a pre-election hike in rates like the one announced…
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The RBI and Bank Indonesia MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries. | Photo Credit: Reuters The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on March 7 in Mumbai for…
The RBI directive means that a card issuing bank or non-bank can not force the card of any particular network on a customer. | Photo Credit: Reuters The Reserve Bank of India (RBI) has issued directions to card issuers not to enter into any arrangement or agreement with card networks that restrain them from availing…
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