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RBI Proposes to Increase UPI Lite Transaction Limit and Wallet Capacity
Mumbai, October 9: The Reserve Bank of India (RBI) has proposed raising the transaction limit for Unified Payments Interface (UPI) Lite to ₹1,000 and increasing the wallet capacity to ₹5,000. This move aims to further enhance the popularity of UPI,... 
RBI Governor Shaktikanta Das: India on the Path of Sustainable Growth
Mumbai – Reserve Bank of India (RBI) Governor Shaktikanta Das affirmed on Thursday that India is advancing steadily on the path of sustainable growth. Speaking at the annual FIBAC 2024 conference, jointly organized by the Federation of Indian Chambers of...
India's Road to Economic Superpower: RBI Predicts 2nd Place by 2031
Mumbai/Delhi, 13 July (H.S.): According to RBI Deputy Governor Michael Debabrata Patra, India has the potential to become the second largest economy in the world by 2031 and the largest economy by 2060.This is due to the country's innate... 
India's financial system in strong position: Shaktikanta Das
Delhi/Mumbai, June 20 (HS): India's domestic financial system is now in a stronger position than before the Corona pandemic. Reserve Bank of India (RBI) Governor Shaktikanta Das said this on Thursday while addressing after the inauguration of a session on...
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... 