RBI
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Business
Sensex Surges Over 500 Points After RBI’s Jumbo Rate Cut
RBI Governor Sanjay Malhotra revealed a 50 basis points (bps) reduction in the repo rate—from 6% to 5.5%—along with a…
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Business
RBI Likely to Announce Rate Cut on June 6 – Real Estate Sector Eyes Relief
As the Reserve Bank of India (RBI) prepares for its Monetary Policy Committee (MPC) meeting on Friday, June 6, industry…
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India
Are ₹2000 Notes Still Valid? RBI Says ₹6,181 Crore Still with Public — But Can You Exchange Them at Banks?
Despite the passage of nearly two years, the RBI has clarified that these notes remain legal tender and can still…
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Banking & Finance
RBI Reports Surge in E-Rupee Circulation to Over ₹1,000 Crore
In its annual report, the RBI revealed that it is exploring pilot programmes for cross-border CBDC payments on both bilateral…
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Business
RBI Transfers Record ₹2.69 Lakh Crore Dividend to Government for FY25
In a historic move, the Reserve Bank of India (RBI) has announced a record-breaking surplus transfer of ₹2.69 lakh crore…
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Business
RBI Shocks Markets with Record ₹2.69 Lakh Crore Dividend to Government
The Reserve Bank of India (RBI) has announced a historic dividend payout of Rs 2.69 lakh crore to the government…
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Banking & Finance
RBI Cancels License of This Bank — Will Depositors Get Their Money Back?
The decision, which took effect on Monday, May 19, means the bank has ceased all banking operations, including deposits, withdrawals,…
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India
RBI: ₹2000 Notes Worth ₹6,266 Crore Still in Circulation Two Years After Withdrawal
Despite being withdrawn from circulation nearly two years ago, ₹2000 denomination banknotes worth ₹6,266 crore remain in circulation, according to…
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Business
Gold Bond Investors Reap Over 109% Return as RBI Announces Premature Redemption Price
This redemption will take place on April 28, 2025. According to a recent Government of India notification, SGBs become eligible…
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Business
Indian Banks Get Until April 2026 to Implement New LCR Framework
The Reserve Bank of India (RBI) has released new guidelines for the Liquidity Coverage Ratio (LCR) that will come into…
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Business
Mobile Payments in India Jump 41% in July–December 2024: Worldline Report
India’s digital payments ecosystem continued its rapid growth in the second half of 2024, as mobile phone-based payments surged by…
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India
BharatPe’s Resilient Payments Gets RBI Nod to Operate as Online Payment Aggregator
New Delhi: Resilient Payments Pvt Ltd, a subsidiary of BharatPe Group, has received final authorisation from the Reserve Bank of…
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India
RBI Cuts Interest Rate: Home, Personal, and Auto Loans to Get Cheaper, Check Details
In a move aimed at boosting economic growth, the Reserve Bank of India (RBI) has announced a cut in the…
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Business
RBI Makes Key Updates to Pension Payment Process for Government Retirees
The Reserve Bank of India (RBI) has recently updated its Master Circular on the disbursement of government pensions to address…
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India
Banks Ready to Collect: Is This Your Final Chance to Exchange Rs 2,000 Notes?
As of Tuesday, the Reserve Bank of India (RBI) has confirmed that 98.21% of the demonetized Rs 2,000 notes have…
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India
Your ATM Withdrawals May Soon Cost More — RBI Hikes Interchange Fees
The Reserve Bank of India (RBI) has approved a hike in ATM interchange fees, effective from May 1, 2025, increasing…
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Business
IndusInd Bank May Get a New CEO by October: Report
IndusInd Bank is expected to appoint a new CEO within the next six months, replacing the current Chief Executive Officer,…
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Business
RBI Introduces New ₹100 & ₹200 Notes – Are Old Notes Still Valid?
The Reserve Bank of India (RBI) has unveiled newly designed ₹100 and ₹200 banknotes, featuring enhanced security features and fresh…
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Business
India’s Forex Reserves See Sharpest Rise in Two Years
India’s foreign exchange reserves saw their sharpest increase in over two years, with a massive $15.267 billion rise during the…
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Business
RBI Wins Global Digital Transformation Award 2025
The Reserve Bank of India (RBI) has won the prestigious Digital Transformation Award 2025, instituted by Central Banking, London.
