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Has RBI Declared Bank Holiday On October 10 For Durga Puja Celebrations?

09 Oct 2024

On October 10, several private and public banks in India will be closed for Maha Saptami. The Reserve Bank of India (RBI) has declared this day as a bank holiday in certain states, as it plays an important role in the Durga Puja celebrations. Banks in Tripura, Assam, Nagaland, and...

Rising Temperatures: A New Predictor of Food Inflation in India, Says HSBC

30 Aug 2024

Tracking rising temperatures is emerging as a more accurate way of predicting food inflation in India than the traditional reliance on rain patterns, according to a recent report by HSBC Holdings Plc. The report emphasizes the growing correlation between extreme heat and the prices of agricultural commodities, particularly perishable staples...

Nifty Hits Record High Of 25,174.55, Sensex Rises To 82,220.68

29 Aug 2024

Indian equity benchmarks on Thursday closed on a strong note with the Nifty around 25,150 after touching a fresh lifetime high. The Sensex, at the close of today's trading, ended at 82,134.61, up 349.05 points. During the trading hours today, the Nifty touched its record high at 25,174.55 and the...

RBI Governor Shaktikanta Das Tops Global Central Banker Rankings For 2nd Consecutive Year

21 Aug 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has been recognized as the leading central banker globally for the second year in a row, according to the latest rankings by US-based Global Finance magazine. Das received an 'A' rating in the Global Finance Central Banker Report Cards 2024, placing him...

RBI Governor: It’s Premature To Discuss US Recession Based On One Month’s Data

08 Aug 2024

At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are "doing well" and it was not right to rush to a conclusion that the country was slowly slipping into recession. "US economy has been doing well. One can't rush to a...

RBI Slaps ₹2.41 Crore Fine on Visa for Unauthorised Payment Method

27 Jul 2024

The Reserve Bank of India (RBI) recently fined Visa ₹2.41 crore (about $288,000) for utilizing an unapproved payment transfer method. The central bank made this information public on Friday, highlighting that Visa had implemented a payment authentication mechanism without first gaining the necessary regulatory approval. The RBI's official statement noted,...

Rupee’s Downward Trend Likely to Continue; RBI Expected to Intervene

25 Jul 2024

The Indian rupee is anticipated to face further depreciation on Wednesday due to a rise in the dollar index and a potential slowdown in equity inflows. Non-deliverable forwards suggest the rupee will open at 83.70-83.71 against the U.S. dollar, slightly weaker than the previous session’s close of 83.6875. On Tuesday,...

Budget 2024: FICCI Survey Predicts Major Tax Reforms and Boost in Capital Expenditures

18 Jul 2024

The Federation of Indian Chambers of Commerce & Industry (FICCI) has anticipated potential tax reforms in the upcoming Union Budget aimed at stimulating economic growth. Based on a survey conducted by the body, FICCI stated that the Union Budget may introduce reforms on the taxation front to foster economic growth....

Is India Getting Short of ATMs? Banks Inform RBI & Government. Explained

19 Jun 2024

Recently, banks are reported to have informed RBI and the government of India, about the shortage of ATMS (Automated Teller Machines). And they have also urged a clarity of procurement through government e-marketplace. What is procurement through the government e-marketplace? Procurement means buying and selling goods or services using a...

Effortless Transactions: UPI Lite Wallets to Autofill Your Balance – Never Miss a Transaction Again!

07 Jun 2024

The Reserve Bank of India (RBI) has unveiled plans to introduce auto-replenishment for UPI Lite wallets, aiming to streamline online transactions and enhance user convenience. Under the proposed framework, UPI Lite wallets will be automatically reloaded once the balance is depleted, eliminating the need for customers to manually top up...

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Reserve Bank of India

Has RBI Declared Bank Holiday On October 10 For Durga Puja Celebrations?

Rising Temperatures: A New Predictor of Food Inflation in India, Says HSBC

Nifty Hits Record High Of 25,174.55, Sensex Rises To 82,220.68

RBI Governor Shaktikanta Das Tops Global Central Banker Rankings For 2nd Consecutive Year

RBI Governor: It’s Premature To Discuss US Recession Based On One Month’s Data

RBI Slaps ₹2.41 Crore Fine on Visa for Unauthorised Payment Method

Rupee’s Downward Trend Likely to Continue; RBI Expected to Intervene

Budget 2024: FICCI Survey Predicts Major Tax Reforms and Boost in Capital Expenditures

Is India Getting Short of ATMs? Banks Inform RBI & Government. Explained

Effortless Transactions: UPI Lite Wallets to Autofill Your Balance – Never Miss a Transaction Again!

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