Norms for banks, NBFCs on personal loans tightened by RBI
The central bank has also increased the risk weights on credit receivables by 25 percentage points to 150 per cent and 125 per cent for banks and NBFCs, respectively.
2,000 notes worth ₹10,000 crore remain in the system: RBI Governor
Das had stated earlier in the month that 87% of the ₹2,000 denomination notes that were taken out have been refunded as bank deposits, with the remaining....
RBI Governor: Monetary Policy Ought To Remain Actively Disinflationary
The Reserve Bank has raised the main policy rate (repo) by 250 basis points since May 2022
G20 Finance Ministers Meeting : Sitharaman To Leave For Morocco
Sitharaman and RBI Governor Shaktikanta Das will co-chair the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting at Marrakech, Morocco
What Are The New Features Added To UPI For Which RBI Is Being Appreciated!
At the Monetary Policy Committee (MPC) meeting on Thursday, RBI Governor Shaktikanta Das revealed new features for UPI. Here is an overview.
RBI Keeps Repo Rate Unchanged In Third Straight Policy Meet
The RBI in its April meeting too had paused the repo rate. The repo rate is the rate of interest at which RBI lends to other banks.
Optimistic That Growth Will Be Close To Our Projection Of 6.5%: RBI Governor Shaktikanta Das
Das added that the government's capex has been very high for the past two years, and that the budget provisioning for this year is also very high, which will help growth a lot.
RBI Governor: Next Financial Crisis Will Come From Private Cryptocurrencies
RBI Governor, Shaktikanta Das, has predicted that the next financial crisis will happen due to private cryptocurrencies. Speaking at the Business Standard BFSI Insight Summit, Governor Das claimed that those private cryptocurrencies have no “underline” value and pose risks for macroeconomic and financial stability. “Cryptocurrency poses risks for macroeconomic and financial stability. Private cryptocurrencies owe their …
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RBI Set To Raise Rates: RBI Monetary Policy
Shaktikanta Das, the Governor of Reserve Bank of India, announced the bi-monthly monetary policy today
