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Cash Deposits via UPI Coming Soon: RBI Announces New Initiatives for Digital Transactions
The Reserve Bank of India (RBI) has announced plans to introduce two significant measures aimed at streamlining digital transactions in the country. These initiatives were revealed by RBI Governor Shaktikanta Das during the announcement of the first Monetary Policy Committee... 
Prime Minister Modi Unveils Rs 90 Commemorative Coin Marking RBI's 90 Years
Mumbai, 01 April - Prime Minister Narendra Modi unveiled a commemorative coin worth Rs 90 to celebrate the 90th anniversary of the Reserve Bank of India (RBI) in Mumbai on Monday. The coin, made of 40 grams of pure silver,... 
RBI Governor Shaktikanta Das Meets FM Nirmala Sitharaman Ahead of MPC Review
Reserve Bank of India (RBI) Governor Shaktikanta Das met with Union Finance and Corporate Affairs Minister Nirmala Sitharaman in New Delhi on Wednesday, signaling preparations for the upcoming review meeting of the Monetary Policy Committee (MPC). The meeting, which took...
RBI retains repo rate at 6.5% for sixth time in a row
Chennai, Feb 8 (IANS) Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has retained the repo rate at 6.50 per cent for sixth time in a row.
The repo rate is...
Money markets to remain shut on Jan 22: RBI
New Delhi, Jan 19 (IANS) Reserve Bank of India (RBI) on Friday said that the money markets will remain closed on January 22.
RBI said that as the Maharashtra government has declared January 22 as a public holiday under Section...
RBI wants ceiling for state govts’ guarantees to be fixed at 5% of revenue
Mumbai, Jan 16 (IANS) The Reserve Bank of India (RBI) on Tuesday recommended that state governments should consider fixing a ceiling for incremental guarantees that they issue during a year at 5 per cent of Revenue Receipts or 0.5 per...
RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank
New Delhi, Dec 28 (IANS) The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to...
RBI ups weight of SBI, HDFC Bank in too-big-to-fail list
Mumbai, Dec 28 (IANS) The Reserve Bank of India has upgraded the weightage of SBI and HDFC Bank on its list of three Domestic Systemically Important Banks (D-SIBs) for 2023 which includes ICICI Bank as well.
The RBI said on...
India’s economy is on stable high growth path backed by stronger banks: RBI
Mumbai, Dec 28 (IANS) Amidst a challenging global macroeconomic environment, the Indian economy is exhibiting “a quickening growth momentum,” with resilience and financial stability, according to the RBI’s Financial Stability report released on Thursday.
The report said that bolstered by...
RBI hikes limits for UPI payments & e-mandates, to set up cloud facility, FinTech repository
Chennai, Dec 8 (IANS) Enhancing the payment limits for Unified Payments Interface (UPI), electronic mandates, setting up of cloud facilities, the financial sector and fintech repository were some of the major announcements made by the Reserve Bank of India Governor,...
RBI to come out with regulatory framework for web-aggregators of loan products
Chennai, Dec 8 (IANS) The Reserve Bank of India (RBI) will soon lay down the regulatory framework for web-aggregation of loan products since the customers are being harmed now, said the Central bank Governor Shaktikanta Das.
“Several concerns relating to...
RBI Governor red flags high dependence of NBFCs on bank loans
Mumbai, Nov 22 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday expressed grave concern over the high “concentration” of credit that NBFCs were availing from banks to finance their lending operations and said this has emerged as... 