Page 121 - Reserve Bank Of India

Services, retail demand keeps credit offtake robust in June: RBI data

Reserve Bank of India (RBI) data showed the services sector clocked a pace of 26.7 per cent in June against 12.8 per cent a year ago

M&M takes stake in RBL Bank: What are RBI rules on ownership in pvt banks?

RBI has outlined that banks are 'special' entities as they not only accept and deploy a substantial amount of uncollateralised public funds in a fiduciary capacity but also lend this money

77% of Rs 2,000 notes returned by users to banks as of June 30: FinMin

The number of Rs 2,000 notes in circulation fell to 418 million in volume terms on June 30, from 1.77 billion on May 19, the ministry said

RBI likely to maintain status-quo on key interest rates, say experts

The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent

Demand at Rs 33K crore weekly govt bond auction softer than expected

New 10-year bond expected next week

Reserve Bank of India's digital payment index rises to 359.57 in March

The RBI-DPI has been constructed with March 2018 as the base period, i.e. DPI score for March 2018 is set at 100

India's forex kitty swells to $609 billion, rises to nearly 16-month high

The total reserves rose by $36 billion on a year-on-year (YOY) basis. In the first six months of 2023, foreign exchange reserves have increased by around $33 billion

RBI to banks: Report all digital frauds not just those above Rs 1 lakh

The rising volumes of UPI transactions and related frauds have emerged as a major challenge for the banks

Aware of concerns of visually impaired, issuing banknotes huge task: RBI

The Reserve Bank of India on Wednesday told the Bombay High Court while it acknowledges the concerns of visually impaired persons regarding identification of currencies, introducing new banknotes was a monumental task that is time-consuming and also entails heavy expenditure. The RBI, in an affidavit filed in the HC, maintained the process of introducing a new series of banknotes is an extremely complicated and time-consuming process extending over a period of six to seven years. The affidavit was filed in response to a petition by the National Association of the Blind (NAB), claiming new currency notes and coins issued by the central bank posed difficulty for visually-impaired people in identifying and distinguishing them. The matter is being heard by a division bench headed by Acting Chief Justice Nitin Jamdar. The affidavit said the process adopted before introducing new series of banknotes involves multiple considerations, including incorporation of visually impaired-friendly .

RBI continues dollar-buying spree, accumulates $16 billion since Feb

Central bank purchased $7.7 bn in April, the most in two years, and $7.37 bn in May

OIS rates fall as US Fed seen the end of interest rate hike cycle

Earlier, traders were expecting the central bank to cut the repo rate, starting February

Global growth in manufacturing and investment slowing down: RBI report

To achieve India @100, India's real GDP needs to grow at 7.6 per cent annually over the next 25 years

Fight against inflation far from over as food price spikes: RBI bulletin

Surging food prices accelerated India's annual retail inflation rate to 4.81% in June, snapping four months of easing and erasing any chance of a rate cut this year

RBI buys $7.37 billion in spot foreign exchange market in May: Bulletin

The Indian rupee depreciated by over 1% against the dollar in May

RBI puts up Innovation Pavilion at third meeting of G20 FMCBG meeting venue

The Reserve Bank has put up a stall at the venue of third meeting of G20 finance ministers and central bank governors (FMCBG) here, showcasing its recent innovation initiatives relating to pilot on Frictionless Credit' and Central Bank Digital Currency'. Set up at Mahatma Mandir Convention Centre, the Innovation Pavilion' also features an informative video explaining the various facets of these two initiatives. As part of the Frictionless Credit', an experience centre has been set up to give a real-life feel of the transformational Digital Kisan Credit Card (KCC) and Digital Dairy journey, RBI said in a statement. The digital KCC showcases how the digitized land record data can be used to sanction and disburse the loan in a completely digitized and paperless manner without the farmer having to visit the bank branch, it said. The digital journey includes opening of accounts through e- KYC, accessing digitized land records of State Government, credit bureau scores and other necessar

Test results: More than Rs 1 trillion AUM of debt mutual funds under stress

The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk

PSBs stepping up recovery of bad loans to meet FinMin's 40% target: Report

In the five years that ended on March 31, 2022, the PSBs were able to recover only 14 per cent, Rs 1.03 trillion, out of the total written-off loans of Rs 7.34 trillion

RBI, Central Bank of UAE sign two MoUs for trade in local currencies

With messaging system MoU, no need to depend on SWIFT, says Governor Das

HDFC Bank offers interoperability of UPI and CBDC QR code payments

Private lender had more than 100,000 customers and 170,000 merchants under pilot programme

Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts

Another worry for the RBI and the markets are the monsoons back home (intensity and spatial distribution)