The rules and regulations will be finalised after public consultations
The central bank digital currency will neither substitute nor compete with cryptocurrency; it's just a wallet. Period
RBI's position is still fraught with risks
The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic
Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave
The Reserve Bank of India (RBI) sounds relatively more confident on growth now and, at the same time, its concerns on inflation are clearly higher
The Monetary Policy Committee (MPC) left the repo rate unchanged at 4 per cent while continued with the accommodative stance to revive and sustain growth on a durable basis.
Reserve Bank Governor Shaktikanta Das on Friday welcomed the government's decision to end retrospective taxation and termed it as a "timely" move.
This is the seventh time in a row that the MPC headed by RBI Governor Shaktikanta Das has maintained status quo and kept interest rates steady at record lows. Watch the video for key takeaways.
Growth commentary is more positive than last policy with rural demand expected to be resilient, exports expected to continue to do well and pick-up in the long awaited capex cycle
This was the seventh consecutive occasion when the central bank maintained a status quo on policy rates
The RBI on Friday retained the real GDP growth projection at 9.5 per cent for 2021-22 as domestic economic activity has started normalising with the ebbing of the second wave of the virus
Policy makers voted 5-1 in favor of keeping the stance accommodative, a departure from the past when they were unanimous on the need to support growth amid the pandemic.
The RBI on Friday raised the retail inflation projection for the current fiscal to 5.7 per cent on account of supply side impediments, firm crude oil prices and higher cost of raw materials.
Business Standard brings you the top headlines on Friday
RBI's micro-management of corporate lending must end
Six-member Monetary Policy Committee is meeting amid weak indicators raising doubts about the economy's ability to sustain a nascent recovery
Banks in the interim had frozen thousands of accounts on the credit side
The RBI said the central bank does not deal in such matters, and "never seeks charges/ commissions of any sort"
Bars PSOs from outsourcing core management functions, including risk management and internal audit; compliance and decision-making functions such as determining compliance with KYC norms