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RBI Adds 25 Tonnes of Gold to Reserves in Second Half of FY 2024-25 Amid Rising Prices
Mumbai, May 5 – The Reserve Bank of India added nearly 25 tonnes of gold to its reserves during the second half of the financial year 2024–25, a period that witnessed a significant surge in global gold prices. As per... 
Children Above 10 Can Now Operate Their Own Bank Accounts, Says RBI
Mumbai, April 21 – In a major update aimed at promoting financial inclusion among the youth, the Reserve Bank of India (RBI) has allowed children above the age of 10 to independently open and operate savings and fixed deposit accounts.... 
RBI’s Recent Moves on Digital Fraud, Co-Lending and Repo Rate Welcomed by CAIT Leaders
New Delhi, April 11, 2025 — Senior leaders from the Confederation of All India Traders (CAIT) have expressed strong support for the Reserve Bank of India's (RBI) recent policy decisions regarding digital fraud prevention, co-lending, and the reduction in the... 
RBI Cuts Repo Rate Again to Boost Economy; Home and Auto Loans to Get Cheaper
In a bid to strengthen the Indian economy amid growing concerns over retaliatory tariffs by the United States, the Reserve Bank of India (RBI) on Wednesday reduced the benchmark repo rate by 0.25 percent for the second consecutive time, bringing... 
LIC Urges RBI to Introduce 100-Year Government Bonds
Mumbai, March 18 – Life Insurance Corporation of India (LIC) has urged the Reserve Bank of India (RBI) to introduce long-term government bonds, including a 100-year tenure, to support long-term investment needs. A senior LIC official confirmed the request on... 
RBI Directs IndusInd Bank to Complete Corrective Measures by March
Mumbai, March 15 – The Reserve Bank of India (RBI) has instructed IndusInd Bank's board to complete corrective measures within the current quarter, following the bank's disclosure of a major accounting discrepancy amounting to ₹2,100 crore.
As per agency report,...
RBI Introduces ‘Bank.in’ and ‘Fin.in’ Domains to Combat Digital Payment Frauds
New Delhi, February 7 – In a bid to tackle rising digital payment frauds, the Reserve Bank of India (RBI) has announced the launch of dedicated internet domains – Bank.in for banks and Fin.in for non-banking financial institutions (NBFCs). The...
RBI’s Monetary Policy Meeting: Decision on Repo Rate Cut to be Announced on Friday
Mumbai, February 6 – The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), under the leadership of newly appointed Governor Sanjay Malhotra, is set to announce its key decisions on Friday morning. This marks Malhotra’s first bi-monthly... 
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... 