The fact-checking unit of the Press Information Bureau (PIB) has called the assertion as "fake" and added that it is unsupported by official data.
The Central Board of Reserve Bank of India (RBI) approved a record surplus transfer of Rs 2.87 trillion to the Central government for 2025-26.
Sanjay Malhotra said the rising energy prices due to the ongoing Iran war were testing India's flexible inflation targeting. This necessitates potential policy intervention by the central bank.
The central bank announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023.
When regulators move early, markets often complain. That familiar tension is now visible in India’s banking sector as the Reserve Bank of India pushes lenders toward a more rigorous, forward-looking assessment of loan risk.
The IMF, World Bank, OECD, Moody’s, Fitch and the Asian Development Bank have either upgraded or maintained strong growth projections for India over the next two years, reinforcing its position as the world’s fastest-growing major economy, the government said in a statement.
The Reserve Bank of India’s decision to leave its policy rate untouched at 5.5 per cent is less about caution and more about recognition ~ it knows the easy wins from rate cuts have already been taken.
India’s bank credit growth showed signs of moderation in May 2025, even as scheduled commercial banks (SCBs) posted a marginal rise in annualised credit expansion to 10.4 per cent as of June 27, up from 9.9 per cent a month earlier, the Reserve Bank of India (RBI) said in its latest bulletin.
The Reserve Bank of India has recently flagged a troubling trend ~ rising asymmetries in the shortterm money market rates that threaten the effectiveness of monetary policy transmission.
India's foreign exchange reserves witnessed a spike to USD 665.396 billion during the week ended March 28, the RBI said on Friday. The forex reserve increased for the fourth consecutive week, marking the highest level in nearly five months.
