The Reserve Bank of India (RBI) maintained the existing caps of 6 per cent for government securities, 2 per cent for state government securities and 15 per cent for corporate bonds
Amid fiscal consolidation, heavy lifting by central bank to support economy
Her appointment comes less than a week before a meeting of the monetary policy committee
The Waqf (Amendment) Bill 2025 was tabled in Parliament today. Union Minority Affairs Minister Kiren Rijiju said that the bill has been renamed the Unified Waqf Management Empowerment, Efficiency.
The government has appointed NCAER Director General Poonam Gupta as the RBI Deputy Governor for a three-year term
The rise was driven by stronger new orders growth, as the New Orders Index reached its highest level in eight months, supported by increased customer interest
Banking system liquidity turned surplus after 4 months
In terms of challenges, the unpredictability of the US trade policy, or policy in general, which has increased global uncertainties, will keep the risk on the external front elevated
Bond market participants said that the borrowing amount was along expected lines
The Reserve Bank on Tuesday said 98.21 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,366 crore worth of such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 6,366 crore at the close of business on March 31, 2025, RBI said. "Thus, 98.21 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement. The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches till October 7, 2023. However, this facility is still available at the 19 issue offices of the Reserve Bank. Since October 9, 2023, RBI issue offices are also accepting Rs 2000 banknotes from individuals and entities for deposit into their
Is a weaker rupee good or bad for India's economy? From rising inflation and trade deficits to the RBI’s role in currency stability, we break it all down.
The RBI shall continue to be supportive to manage excessive volatility without targeting any particular level or band of exchange rate, said Malhotra
A rise in defaults, particularly in small-ticket unsecured personal loans, prompted the Reserve Bank of India (RBI) to tighten lending norms
Number of outstanding credit cards stood at 109.31 mn, up from 108.87 mn at the end of January
While the repo window serves as a monetary stabilisation mechanism that the RBI uses as a daily liquidity management tool, the repo rate is an interest rate signal
Swaminathan emphasises fair lending, recovery practices
Reserve Bank of India has decided to increase the aggregate limit made available to the Standalone Primary Dealers
The CAD in the December quarter of 2024-25 has moderated from $16.7 billion (1.8 per cent of GDP) in the preceding quarter of the fiscal year
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1. Customers are eligible for five free transactions (inclusive of financial and non- financial transactions) every month from their own bank Automated Teller Machines (ATMs). They are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs -- three transactions in metro centres and five in non-metro centres. "Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction. This shall be effective from May 1, 2025," the RBI said in a circular. Currently, banks are allowed to charge Rs 21 per transaction, after a customer exhausts the free transaction limit. The RBI further said the instructions shall also apply, mutatis mutandis, to transactions done at cash recycler machines (other than for cash deposit transactions).
The RBI on Friday asked all banks to mandatorily participate in the special clearing operations on March 31 to facilitate accounting of all government transactions for 2024-25. India follows the April 1-March 31 financial year. The Income tax offices as well as CGST offices across the country will remain open on March 29 to March 31 despite the weekend and Eid-al-Fitr, which may fall on Monday. Earlier, the RBI had said all government transactions done by agency banks for 2024-25 must be accounted for within the same financial year. It had asked all agency banks to keep all branches dealing with government receipts and payments open for over-the-counter transactions related to government transactions up to the normal working hours on March 31, 2025. In a circular on Friday, the Reserve Bank of India (RBI) also said normal clearing timings under Cheque Truncation System (CTS) as applicable to any working "Monday" shall be followed on March 31, 2025. "Further, to facilitate account