RBI Bulletin Sees Revival In Rural Consumption, Boost To Private Sector Investment
RBI monthly bulletin has expressed optimism about India's economic prospects, citing a revival in rural consumption.
Finance Minister Urges Banks To Boost Deposits & Lending For Government Schemes
Finance Minister Nirmala Sitharaman urged banks to boost public deposits and support lending for Budget 2024-25 initiatives.
RBI Boosts UPI Tax Payment Limit To Rs 5 Lakh, Introduces New Payment Feature
The Reserve Bank of India (RBI) has announced a substantial increase in the limit for tax payments via the Unified Payments Interface (UPI).
RBI Maintains Repo Rate At 6.5% Amid Balancing Act Between Growth & Inflation
In a move to sustain economic growth while keeping inflation in check, the RBI opted to maintain the key policy repo rate at 6.5%.
Indian Equity Indices Dip Ahead Of RBI MPC Announcement
Indian stock markets opened cautiously Thursday, with equity indices trending downward as investors awaited the RBI MPC decisions.
Indian Economy Sees Surge With 46.6 Million New Jobs In 2023-24: RBI Report
RBI recent data stated that the Indian economy saw a significant upturn in employment during FY 2023-24, with 46.6 million new jobs created.
RBI Slaps Punjab National Bank With Rs 1.32 Crore Penalty For Regulatory Non-Compliance
RBI fined Punjab National Bank Rs 1.32 crore for breaching 'Loans and Advances - Statutory and Other Restrictions' norms and KYC guidelines.
RBI Draft New Regulations To Ease Foreign Trade Transactions
The RBI unveiled new draft regulations aimed at simplifying foreign trade transactions, particularly benefitting small exporters & importers.
97.87% of ₹2000 Banknotes Returned Following Withdrawal Announcement
On Monday, the RBI announced that 97.87% of the ₹2000 banknotes that were in circulation as of 19 May 2023, have been returned.
RBI Joins Project Nexus For Instantaneous Cross-Border Retail Payments With ASEAN Countries
The RBI announced its participation in Project Nexus with four ASEAN countries to establish a platform for cross-border retail payments.
