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The RBI said it has decided to place some curbs on the bank in the interest of the customers. New Delhi: Citing data security concerns and deficient IT infrastructure, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can,…
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Representational file image. | Photo Credit: B. Jothi Ramalingam Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank’s April Bulletin said on April 23. The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after…
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The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…
The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent. On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that…
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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