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RBI Guv raises concern over deposit growth, asks banks to use innovative products to mobilise funds

RBI Guv raises concern over deposit growth, asks banks to use...

Mumbai: Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on...

8 Aug 2024 12:15 PM IST

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time

Mumbai: In a move reflecting its cautious approach amid ongoing economic uncertainties, the Reserve Bank of India (RBI)...

8 Aug 2024 10:44 AM IST

MPC Begins Meet Amid Inflation and Fed Rate Cut Speculation

MPC Begins Meet Amid Inflation and Fed Rate Cut Speculation

Mumbai: Amid persistent domestic inflationary pressures and a looming emergency rate cut by the US Federal Reserve, the...

7 Aug 2024 12:32 AM IST

Check for Willful Default in Bad Loans Exceeding Rs 25 Lakh

Check for Willful Default in Bad Loans Exceeding Rs 25 Lakh

MUMBAI: The Reserve Bank of India (RBI) on Tuesday issued new directives for lenders to address willful defaulters. The...

30 July 2024 9:52 PM IST

IIP grows 5.9%, inflation up 5.08%

IIP grows 5.9%, inflation up 5.08%

New Delhi: With good performance in key sectors, mostly in mining and power, India's industrial production grew 5.9 per...

12 July 2024 8:11 PM IST

RBI Cautions Use of Internal Accounts for Frauds, Loan Evergreening

RBI Cautions Use of Internal Accounts for Frauds, Loan Evergreening

Mumbai: The Reserve Bank of India (RBI) on Wednesday raised concerns about banks having lakhs of accounts that are being...

10 July 2024 9:49 PM IST

RBI Inks Pact to Link UPI with Four ASEAN Countries for Retail Payments

RBI Inks Pact to Link UPI with Four ASEAN Countries for Retail...

Mumbai: The Reserve Bank of India (RBI) announced on Monday a collaboration with the Bank for International Settlements...

1 July 2024 9:59 PM IST

RBI Governor Stresses on Removal of Biases in AI and Machine Learning

RBI Governor Stresses on Removal of Biases in AI and Machine Learning

Shaktikanta Das highlighted the growing use of statistics as a preferred tool for making inferences in various fields

28 Jun 2024 9:50 PM IST

RBI Introduces Rs 25,000 Crore Currency Swap Window for SAARC Nations

RBI Introduces Rs 25,000 Crore Currency Swap Window for SAARC Nations

Mumbai: The Reserve Bank of India (RBI) on Thursday announced that it has with the concurrence of the government of...

27 Jun 2024 9:01 PM IST

India’s Current Account Balance Turns Surplus in Q4FY24

India’s Current Account Balance Turns Surplus in Q4FY24

Mumbai: India’s current account balance recorded a surplus of $ 5.7 billion (0.6 per cent of GDP) in the fourth quarter...

24 Jun 2024 9:04 PM IST

Business Growth Should Never Come at the Expense of Unacceptable Risks, Says RBI Governor Shaktikanta Das

Business Growth Should Never Come at the Expense of Unacceptable...

Mumbai: The Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said that while lenders should pursue...

20 Jun 2024 8:27 PM IST

Canara Bank to sell 14.50% in insurance arm via IPO

Canara Bank to sell 14.50% in insurance arm via IPO

Mumbai: State owned Canara Bank on Friday announced its plan to dilute 14.50 percent stake in its subsidiary Canara HSBC...

31 May 2024 9:25 PM IST