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RBI Governor Das : “Elephant in the room” As FY25 CPI Inflation Projections Lowered To 4.5% from 4.7%

05 Apr 2024

RBI Governor Shaktikanta Das, in the unveiling of decisions from the first monetary policy committee meeting of FY25, highlighted the importance of monitoring inflation while making significant announcements. The Consumer Price Index (CPI) inflation projections for FY25 have been revised down to 4.5 per cent from the earlier estimate of...

RBI’s Monetary Policy Decision: Sensex, Nifty Decline; IT Stocks Fall

05 Apr 2024

On Friday, benchmark stock market indices experienced a decline as investors awaited the Reserve Bank of India's (RBI) monetary policy announcement. The S&P BSE Sensex dropped 151.42 points to 74,084.04 at 9:47 am, while the NSE Nifty50 fell 46.40 points to 22,468.25. This decline came amidst high volatility in the...

Prime Minister Modi To Speak At Event Celebrating 90 Years Of RBI In Mumbai Today

01 Apr 2024

Prime Minister Narendra Modi is set to deliver a speech today in Mumbai, marking the 90th anniversary of the Reserve Bank of India (RBI). The ceremony, organized by the central bank, will also see the presence of Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. In a social...

Bank Shut For 14 Days, Check The full List Here

27 Mar 2024

The Reserve Bank of India has unveiled the schedule of bank holidays for April. According to the RBI's holiday calendar, banks will not operate for a total of 14 days this month. These closures encompass various types of holidays, including public holidays, regional holidays, and the routine closure on the...

S&P Ratings Forecasts India’s Growth at 6.8%, Anticipates Inflation To Decrease To 4.5%

26 Mar 2024

S&P Global Ratings has adjusted its forecast for India's growth, revising it upward from 6.4 per cent to 6.8 per cent. Despite the National Statistical Office's projection of a robust 7.6% growth in fiscal year 2024, S&P India anticipates a moderation in real GDP growth to 6.8% in fiscal year...

India’s Forex Reserves Grow by $10.47 Billion

16 Mar 2024

India's foreign exchange reserves surged by $10.47 billion to reach $636.095 billion for the week ending March 8, as reported by the Reserve Bank on Friday. In October 2021, the country's forex reserves had hit a record high of USD 645 billion. The reserves experienced a decline as the central...

India-Nepal Digital Payment Corridor to be Inaugurated

02 Mar 2024

On Saturday, Nepal's Ambassador to India, Shankar Sharma, expressed appreciation for the Reserve Bank of India's new guidelines, anticipating that they will enhance the financial connectivity between India and Nepal, fostering even greater prosperity. He mentioned that Nepali citizens can now send up to Rs 2 lakh per transaction to...

PM Modi Declares India Among World’s Fastest-Growing Major Economies

01 Mar 2024

Prime Minister Narendra Modi emphasized the significance of India becoming a developed country by 2047 on Friday, pointing out that the country has one of the world's fastest-growing major economies at the moment and highlighting the figures for the most recent quarter that were released yesterday. Speaking at a public...

What’s Behind RBI’s Decision to Restrain Card Networks in India? Read Details

16 Feb 2024

The Reserve Bank of India (RBI) has taken decisive action against a certain card network, albeit without explicitly naming it, for allegedly facilitating unauthorized payments through intermediaries. This move by the RBI underscores the critical role of regulatory oversight in maintaining the integrity and security of payment systems within the...

RBI issues guidelines to trace customers with inoperative accounts, unclaimed deposits

02 Jan 2024

The Reserve Bank of India (RBI) issued comprehensive guidelines on the measures to be put in place by the banks covering various aspects of classifying accounts and deposits as inoperative accounts and unclaimed deposits.The central bank called for steps to trace the customers of inoperative accounts or unclaimed deposits including...

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Reserve Bank of India

RBI Governor Das : “Elephant in the room” As FY25 CPI Inflation Projections Lowered To 4.5% from 4.7%

RBI’s Monetary Policy Decision: Sensex, Nifty Decline; IT Stocks Fall

Prime Minister Modi To Speak At Event Celebrating 90 Years Of RBI In Mumbai Today

Bank Shut For 14 Days, Check The full List Here

S&P Ratings Forecasts India’s Growth at 6.8%, Anticipates Inflation To Decrease To 4.5%

India’s Forex Reserves Grow by $10.47 Billion

India-Nepal Digital Payment Corridor to be Inaugurated

PM Modi Declares India Among World’s Fastest-Growing Major Economies

What’s Behind RBI’s Decision to Restrain Card Networks in India? Read Details

RBI issues guidelines to trace customers with inoperative accounts, unclaimed deposits

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