RBI Proposes Faster Claim Settlement Rules For Deceased Customers’ Accounts And Lockers
Banks must settle claims within 15 calendar days of receiving all necessary documents. For lockers or articles in safe custody, they must inform claimants within 15 days to fix a date for inventory.
RBI Holds Repo Rate At 5.5%; Maintains Neutral Stance As Food Prices Remain Volatile
RBI has kept the repo rate steady at 5.5% and maintained its neutral stance, Governor Sanjay Malhotra announced Wednesday.
India’s Forex Reserves Surge By $5.17 Bn To Reach $696.6 Bn
India’s foreign exchange reserves surged by $5.17 billion to reach $696.66 billion for the week ending June 6, the RBI said on Friday.
Indian Stock Markets Open Strong As IT & PSU Banks Lead The Rally
Indian stock markets opened on a positive note Monday, with strong buying interest in IT, PSU banks and the auto sectors.
RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil
The RBI has frontloaded its rate cuts to support economic growth, taking advantage of a benign inflation outlook, as per a Crisil report.
RBI Sees Promising Outlook For Indian Economy In FY26 Despite Global Risks
The RBI forecasts a strong FY26 economy, driven by rising consumption and government capital spending, according to its Annual Report.
India’s Forex Reserves Jump To $690.61 Billion; Highest In Seven Months
India’s forex reserves rose to a seven-month high of \$690.61 billion as of 9 May 2025, RBI data showed on 16 May.
Markets Open Higher As Inflation Cools; Geopolitical Concerns Ease
Indian benchmark indices opened on a positive note, buoyed by a sharp fall in retail inflation and a cooling of geopolitical tensions.
India’s Forex Reserves Rise For Eighth Consecutive Week; Reach $688 Billion
India’s forex reserves rose by $1.983 billion to $688.129 billion in the week ending 25 April, RBI data showed.
Government Terminates Subramanian’s IMF Tenure Ahead Of Scheduled End
The Indian government has sacked Krishnamurthy V Subramanian as Executive Director at the International Monetary Fund (IMF).
