Page 129 - Reserve Bank Of India

RBI approves Rs 87,416-crore surplus transfer to govt for 2022-23

Contingency risk buffer increases to 6% from 5.5% in FY22

India's forex reserves edge towards $600 billion, hit near 1-year high

That is an increase of $3.55 billion from the previous week

RBI to transfer Rs 87,416 crore to Centre as surplus for the year 2022-23

RBI dividend payout: In 2021-22, it had transferred Rs 30,307.45 crore to the Centre

Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist

Abheek Barua said that the Indian economy is expected to grow at 4.4% in the quarter ended March 31

RBI dividends to Centre may double due to gains, aiding fiscal gap

The RBI board is set to meet on Friday as early signs of slowing growth emerge with elevated interest rates and falling global demand

Your credit card payments overseas will attract a 20% TCS from July 1

For every $100 you spend abroad using your international credit card, you will need to fork out $120 and then claim it when you file your tax return

Top headlines: India EV penetration at 1.1%, RBI surplus to surpass targets

Business Standard bring you top news at this hour

Govt expects Reserve Bank surplus to easily surpass Budget targets

Arora pegged the government's budgeted expectation just from the RBI dividend at Rs 38,000-40,000 crore for FY24, which is set to be easily crossed now

SBI Funds Management gets RBI's nod to acquire 9.99% stake in HDFC Bank

The lender in the filing also stated that SBI Funds Management has been advised by the central bank to complete the said stake acquisition in the bank within a period of six months

Stubborn funding squeeze risks derailing India's economic recovery

After a surge in recent weeks, the weighted average call rate which Reserve Bank of India closely monitors, has shot above its policy rate ceiling of 6.75%

70% of MSMEs believe more than 50% of customers will pay using UPI

A report by NeoGrowth looks at the data from around 3,000 retail customers and 1,000 retail sellers across the country

How will the Reserve Bank of India's new locker norms impact you?

New locker rules: Now, the relationship between a bank and a customer has become that of a lessor and a lessee

Have a good credit score, need quick money? Opt for unsecured loan

Since the interest rate is high and the loan tenure short, evaluate your repayment capacity carefully

Shouldn't return to old pension system with same formula: C Rangarajan

Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor

RBI Grade B recruitment 2023: Application process begins for 291 posts

The last date for the application process to end is June 9, at 6 pm. Interested candidates can apply online by visiting the official website at opportunities.rbi.org.in

RBI asks citizens to settle fee, charges on forex prepaid cards in rupee

The internationalisation of the domestic currency would make domestic monetary policy more challenging but the option of compromising on growth by playing it safe is clearly not an optimal choice

Reserve Bank of India imposes penalty worth Rs 1.75 crore on HSBC

Earlier in April, the central bank had imposed penalties totalling Rs 44 lakh on four cooperative banks

Here's how banks are coping with surge in cyber attacks, phishing, fraud

An RBI report on financial stability highlighted that the overall number of online banking frauds and card frauds increased from 1,532 in H1FY22 to 2,321 in H1FY23

Demand for 5 days of work at banks hits speed bumps, likely to take time

Public sector banks will have to see that their business is not affected in case private banks decide to work on Saturdays

Global finance dominated by few currencies, need to de-risk: RBI DG

A handful of currencies currently dominate global finance, and there is a need for de-risking by diversifying the international currency system by adopting liquid currencies, Reserve Bank Deputy Governor T Rabi Sankar said on Thursday. Speaking at the launch of a hackathon event organised as part of India's G-20 presidency, Sankar also appealed that central bank digital currencies (CBDCs) should be adopted more by other countries as well, terming the fiat digital currency as essential for maintaining financial integrity. It can be noted that India began its efforts to internationalise the rupee last year, under which the effort is to decrease the reliance on the USD-dominated trade, by making rupee payments possible. So far, 18 countries have opened rupee accounts. "We have a global financial system that is dominated in terms of transactions, in terms of invoicing, in terms of their usage for hedging and other purposes by a few handfuls of reserve currencies. "It would probably, ..