Tag: Reserve Bank of India
17 Results
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Greater challenges will emerge as markets have developed: RBI Dy Guv
Deputy Governor of RBI has warned that greater challenges will emerge as the markets became more developed and interconnected
March 9, 2023 -
Sensex opens slightly low as investors anticipate retail inflation
In Asian markets, Japan's Nikkei was down 316 points, Hong Kong's Hang Seng declines 123 points while China's Shanghai surged 18 points on Monday morning.
February 13, 2023 -
First G-20 meet of finance and central bank deputies under India’s presidency to begin in Bengaluru
The Prime Minister has given a vision that the nation will strive to ensure that the G20 acts as a global “prime mover” to envision new ideas and accelerate collective action over the next one year.
December 11, 2022 -
RBI rolls out pilot project for Digital Rupee
E-currency will be issued by the RBI in same denominations as notes & coins.
December 3, 2022 -
RBI rolls out pilot for Digital Rupee through select banks, cities
The digital currency in the form of tokens issued by the RBI are equivalent to legal paper and coin cash and can be used to represent the retail digital rupee.
December 2, 2022 -
HC orders 2-month embargo on ED summons on former Kerala FM
The court also restrained the ED from issuing summons to KIIFB Chief Executive officer KM Abraham and Joint Fund Manager Ani Jula Thomas for two months in a case related to the issue of 'masala bonds' by the Kerala Infrastructure Investment Fund Board (KIIFB).
October 10, 2022 -
Growth of bank deposits slowed down in FY2022: Report
The growth of bank deposits across the market have slowed down to 10 per cent year-on-year (YoY) as per the Reserve Bank of India's (RBI) data, said Kotak Securities Ltd in a report.
October 7, 2022 -
Retail inflation rises to 7 per cent in August on high food prices
India's retail inflation rose to 7 per cent in August from 6.71 per cent in the previous month due to a sharp rise in food prices, as per the government data released on Monday.
September 12, 2022 -
`PSBs privatisation should be gradual and not a big bang approach’
A study published in RBI’s monthly bulletin unveils that PSBs are more efficient when it comes to fulfilling social objectives.
August 19, 2022 -
The sliding rupee
Although depreciation of the currency makes imported goods expensive, and foreign travel and fees for studying abroad become costly, it is an erroneous presumption that absence of a strong currency is necessarily bad.
July 18, 2022 -
Indians may get a sigh of relief from inflation by FY23: RBI Governor
"We have endeavored to ensure a soft landing. These objectives continue to guide our actions even today, and it will continue to be so in the future,"
July 11, 2022 -
Indian rupee at Rs 79.36 against USD, gold touches Rs 54K
Citing the uncertainty in the global macro environment, the Indian rupee is likely to be under pressure, especially if crude prices remain elevated and global growth slows down.
July 5, 2022 -
Karnataka farmers protest against RBI, demand change in loan policy
Karnataka Sugarcane Cultivators Association President Kurubur Shanthakumar said that he had addressed a letter to Bengaluru RBI Chief 20 days prior but had not received a response.
June 28, 2022 -
Indian fintech payment firms have no data advantage over banks: Moody’s
Fintechs will continue to try to expand into other financial services, particularly personal loans and loans to small merchants.
March 17, 2022 -
Youth Cong protest outside RBI on 5th anniversary of demonetisation
Srinivas B.V., the Youth Congress chief, and other workers who went outside the RBI to hold a protest were stopped and detained at the Mandir Marg police station.
November 8, 2021 -
RBI receives 2 applications for small finance banks
Applicants like the UAE Exchange and Financial Services, the Repatriates Cooperative Finance and Development Bank, Chaitanya India Fin Credit, and Pankaj Vaish, and others applied to set up universal banks.
August 31, 2021 -
Problem of Plenty
Surging reserves can be a double-edged sword as there is a cost to holding them. High reserves will obviously lead to appreciation of the currency and rise in inflation, because capital inflows that result in high reserves are used to buy domestic currency, thereby expanding the domestic monetary base without a corresponding increase in production, and this causes a rise in inflation.
July 7, 2021