Tag: Reserve Bank of India (RBI)

RBI seeks comments on draft rules to regulate payment aggregators

Given the growth in digital transactions and the significant role that payment aggregators play in this space, directions are proposed to be updated to further strengthen the payment ecosystem.

April 17, 2024

Morgan Stanley does not expect RBI to go for a rate cut in 2024-25

India's key policy rate is expected to be steady at 6.5 per cent in 2024-25 while real rates should average 200 basis points, according to Morgan Stanley.

April 16, 2024

RBI proposes cash deposits through UPI; widens digital currency for retail

RBI has also proposed making UPI payments through Prepaid Payment Instruments (PPI) wallets.

April 5, 2024

“RBI’s evolution closely intertwined with development of Indian economy”, says RBI Governor Shaktikanta Das

Governor Das emphasized the pivotal role of structural reforms in shaping the RBI's response to contemporary challenges.

April 1, 2024

Monetary tightening measures by RBI stabilised G-sec yields, contributed to investor confidence in Indian economy: Nirmala Sitharaman

She lauded RBI's foresight in recognizing the persistent nature of inflation and its timely policy adjustments to mitigate its impact.

April 1, 2024

“Transformation occurred due to honesty, consistency in our efforts”: PM Modi lauds RBI

While addressing the commemoration ceremony for 90 years of the RBI, the Prime Minister said that when the decisions are right, the policies bear the right fruit.

April 1, 2024

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

In 1937, the Central Office of the Reserve Bank was also shifted from Kolkata to Mumbai.

April 1, 2024

Reserve assets rose by USD 34.8 bn, net claims of NRI decreased by USD 12.2 bn: RBI

Despite a marginal decline in trade credits, the influx of investments and loans from abroad has contributed to the upswing in India's foreign liabilities.

March 30, 2024

Public sector banks asked to reassess gold loan process amid debt risk concerns

As gold prices continue their upward trajectory, the valuation of gold assets tied to loans is undergoing a significant recalibration.

March 13, 2024

RBI issues new order on credit cards to give customers more choice

The order also states that card issuers shall provide an option to their eligible customers to choose from multiple card networks at the time of issue.

March 6, 2024