RBI Proposes More Frequent Credit Reporting To Improve Transparency
RBI is considering a proposal to increase the frequency of credit information reporting to CICs to every two weeks or even shorter intervals.
RBI Plans Major Overhaul To Speed Up Cheque Clearing Process
RBI is set to significantly accelerate cheque clearing times, with plans to reduce the process to just a few hours.
Economic Survey To Be Tabled In Parliament On July 22
The Economic Survey's presentation coincides with the IMF's recent upward revision of India's economic growth forecast for FY25 to 7 percent from the previously projected 6.8 percent in April.
Eid Bank Holiday 2024: Will The Banks Be Closed Or Not For Bakrid
In India, Eid ul-Adha will be observed on June 17, 2024, while in the UAE and other Arab countries, Bakrid will be celebrated on June 16, 2024.
India Is On Cusp Of Long-Awaited Economic Takeoff: RBI
The International Monetary Fund (IMF) has revised India's GDP growth forecast upwards by nearly 2 percentage points for the fiscal year 2023-24.
Reserve Bank Hosts Conference On Governance In Asset Reconstruction Companies
This conference is part of a series of supervisory engagements the RBI has been conducting over the past year with its regulated entities, including previous meetings with the boards of Scheduled Commercial Banks and Urban Co-operative Banks.
RBI Bars Kotak Mahindra Bank, New Credit Cards and Online Customer Onboarding Suspended
The central bank highlights that the bank has been found lacking in its IT Risk and Information Security Governance for two consecutive years.
Repo Rate Remains Unchanged For The Seventh Consecutive Time Followed By Monetary Policy Meeting
RBI Governor remarked that the future appears promising for agriculture and rural activities. He emphasized that the strengthening of rural demand and improvements in employment conditions are anticipated to stimulate private consumption.
RBI Reports 97.69% of ₹2000 Currency Notes Returned to Circulation
On May 19, 2023, RBI Announces Withdrawal of ₹2,000 Denomination Bank Notes from Circulation
RBI Directs Agency Banks To Remain Open On Sunday, March 31; Here’s Why
Banks across India are mandated to keep their branches handling government transactions open on the final day of the fiscal year, March 31.
