Tag: RBI
17 Results
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RBI sends letter to Paytm to reapply for payment aggregator licence
The fintech company said that it has received a letter from the Reserve Bank of India in response to a request from a subsidiary for permission to offer payment aggregator services to online retailers.
November 26, 2022 -
Demonetisation ‘one of critical steps in series of transformational economic policy’: Centre to SC
It further added that demonetisation was also a part of larger strategy for combating the menace of fake money, terror financing, black money and tax evasion.
November 16, 2022 -
RBI Governor-headed committee reviews global, domestic economic situation
Major developments in the global and domestic economy as well as in various segments of the financial system were reviewed.
November 16, 2022 -
First in 20 years, currency in circulation declines in busy Diwali week: SBI Research
Innovations in technology have changed the Indian payment system over the years and the Indian cash-led economy now has changed to a smartphone-led payment economy, said SBI Research in its latest Ecowrap report.
November 3, 2022 -
Payment systems have emerged as the lifeline of our financial system: RBI Governor
The RBI Governor, speaking at the FIBAC 2022 Conference on Wednesday, said the central bank's focus is on promoting interoperability, cross-border linkages, and innovation.
November 2, 2022 -
Govt launches pilot in digital rupee for wholesale segment
The Reserve Bank of India (RBI) on Monday said it will commence pilot launches of digital rupee (e-rupee) for specific use cases from November 1.
October 31, 2022 -
RBI’s board reviews economic scenario
"The 598th meeting of the central board was held under the chairmanship of Governor Shaktikanta Das," the RBI said in a statement.
October 31, 2022 -
India’s forex reserves fall its two year low to $524.52 billion
India's foreign exchange reserves on Friday fell by $3.85 billion to $524.52 billion for the week ending on October 21, according to the latest data released by the Reserve Bank of India (RBI).
October 28, 2022 -
Inflation set to ease, though stubbornly: RBI bulletin
The Reserve Bank of India (RBI) has expressed optimism that headline inflation is set to ease from its September high, albeit stubbornly, on the back of easing momentum and favorable base effects.
October 18, 2022 -
“A logistical marvel”: IMF on India’s direct cash transfer scheme
This praise for India's cash transfer scheme comes as the country continues to maintain its position as the fastest-growing major economy in the world.
October 13, 2022 -
RBI governor launches advanced supervisory monitory system – Daksh
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, launched a new 'SupTech' initiative Daksh - the central bank's advanced monitoring system - which is expected to make the supervisory processes more robust.
October 7, 2022 -
RBI seeks EoIs from consultants in AI, ML for supervisory inputs
The Reserve Bank of India has sought expressions of interest from consultants in the fields of advanced analytics, artificial intelligence and machine learning for supervisory inputs.
October 5, 2022 -
RBI increases repo rate by 50 basis points
The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation.
September 30, 2022 -
RBI likely to raise repo rate by 35-50 basis points
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to raise the policy rate ranging between 35 to 50 basis points (bps) on Friday, experts believe.
September 29, 2022 -
Better for RBI to allow rupee to depreciate a bit, finding its natural balance: SBI report
It might be better for the Reserve Bank of India (RBI) to allow the rupee to depreciate a bit, letting it find its natural balance, said Soumya Kanti Ghosh in an SBI research report.
September 28, 2022 -
Three-day RBI monetary policy meet starts today; may hike repo rate
The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today. Like several other central banks, the main focus of the RBI during the three-day-long meet will again remain on containing high inflation.
September 28, 2022 -
Rupee depreciates to new lifetime low; stocks decline for sixth day
Continuing with the consistent depreciation, the rupee slipped further from the recent low and hit another lifetime low at 81.90 against the US dollar on Wednesday morning. In equity markets, Indian stocks extended their losses for the sixth straight session, dragged largely by broad-based selling in the global equities. At 10.08 am, Sensex and Nifty each traded 0.3-0.4 per cent lower.
September 28, 2022