News / Topic / Reserve Bank / News

[

reserve bank news

]

Latest from reserve bank

Since withdrawal, 98% of ₹2,000 notes have been returned: RBI

The Reserve Bank of India reported that 98% of ₹2,000 notes have been returned since their withdrawal announcement in May 2023.

The RBI announced that 98% of <span class='webrupee'>₹</span>2,000 notes have been returned since May 2023, with their total value dropping to <span class='webrupee'>₹</span>7,117 crore. These notes can still be exchanged at RBI offices.(AFP)

business

Published on Oct 01, 2024 08:40 PM IST

PTI |

Will RBI announce rate cut on August 8? What experts expect from MPC meet

The repo rate has been maintained at 6.5 per cent since it was last increased in February 2023.

business

Updated on Aug 06, 2024 03:00 PM IST

ByHT News Desk

RBI Floating Rate Savings Bonds may offer 8.05% interest from July 1: Details

RBI Floating Rate Savings Bonds: The interest rate is linked to the National Savings Certificate (NSC)- small savings scheme backed by the Union government.

RBI Floating Rate Savings Bonds: NSC's interest rate is reviewed every quarter and when the interest rate of NSC goes up, interest rate of RBI Floating Rate Savings Bonds also rises.(Representational)

business

Published on Apr 10, 2024 03:53 PM IST

ByHT News Desk

RBI to allow investment, trading of Sovereign Green Bonds at IFSC, Gujarat

Based on an announcement in the Union Budget for 2022-23, the government issued Sovereign Green Bonds (SGrBs) in January 2023.

business

Published on Apr 05, 2024 12:09 PM IST

PTI |

RBI Monetary Policy decision: From repo rate to inflation, 5 things to look for

RBI MPC April 2024: The repo rate is the rate at which the central bank lends short-term funds to banks. It currently stands at 6.5 per cent.

RBI MPC April 2024: The repo rate refers to the rate at which commercial banks borrow money by selling their securities to RBI.

business

Updated on Apr 05, 2024 07:49 AM IST

ByHT News Desk

RBI Monetary Policy meet: 5 factors that may impact central bank's rate decision

RBI MPC's decision on repo rate may be impacted by a number of factors including inflation, economic growth and global macro environment.

A security official walks past an emblem of the Reserve Bank of India at the RBI headquarters, in Mumbai. The Monetary Policy Committee panel is led by RBI governor Shaktikanta Das and consists of a total of six members.

business

Updated on Apr 05, 2024 07:49 AM IST

ByHT News Desk

RBI mulls a special agency to combat illegal lending apps. How will DIGITA work?

The Reserve Bank of India's DIGITA to verify digital lending apps, combat financial crimes.

RBI mulls DIGITA to combat illegal lending apps.(PTI Photo)

business

Published on Mar 31, 2024 04:01 PM IST

ByHT News Desk

Good Friday 2024: What is open, what is closed on the long weekend

Stock market will be closed on Good Friday. When will it resume trading? What about banks?

Good Friday 2024: The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai.(PTI)

business

Updated on Mar 29, 2024 06:45 AM IST

ByHT News Desk

RBI to conduct special audit for regulatory breaches by IIFL Finance, JM Financial Products

business

Published on Mar 24, 2024 02:57 PM IST

PTI |

RBI bans JM Financial from lending against shares, debentures

RBI has directed JM Financial Products to cease and desist, with immediate effect, from doing any form of financing against shares and debentures.

A security official walks past an emblem of the Reserve Bank of India at the RBI headquarters, in Mumbai (PTI FILE)

business

Published on Mar 05, 2024 08:35 PM IST

PTI |

Australia’s Monthly Inflation Rate Steady at 3.4% in January

Australian inflation surprisingly remained steady in January, supporting the case for the Reserve Bank to begin cutting interest rates later this year.

world news

Updated on Feb 28, 2024 07:51 AM IST

Bloomberg |

Tighter unsecured lending norms in overall interest of sustainability: RBI guv

Shaktikanta Das pointed out that banks, NBFCs and other financial entities must continue to do stress testing of their books.

RBI Governor Shaktikanta Das delivers the inaugural address at FIBAC 2023 in Mumbai on November 22.(PTI)

business

Updated on Nov 22, 2023 04:12 PM IST

ByHT News Desk

Over 97% of ₹2,000 banknotes returned, only ₹10,000 cr with public: RBI

The value of ₹2,000 banknotes in circulation has declined from ₹3.56 lakh crore to ₹0.10 lakh crore, RBI said.

RBI on May 19 announced withdrawal of <span class='webrupee'>₹</span>2,000 banknotes.(HT File)

business

Published on Nov 01, 2023 06:34 PM IST

PTI | ByHT News Desk

RBI imposes penalties on ICICI Bank and Kotak Mahindra Bank for non-compliance

RBI imposes penalty on ICICI Bank, Kotak Mahindra Bank for violation of norms.

business

Published on Oct 17, 2023 05:23 PM IST

PTI | | Posted by Singh Rahul Sunilkumar

What does RBI's decision to maintain Repo rate mean? Experts explain

RBI keeps repo rate unchanged at 6.5 per cent, focuses on withdrawal of accommodation.

RBI Governor Shaktikanta Das announced the repo rate after a meeting of the Monetary Policy Committee on Friday.(ANI File Photo)

business

Published on Oct 07, 2023 11:17 AM IST

PTI | | Posted by Singh Rahul Sunilkumar

RBI likely to start digital rupee pilot in call money market by October

Reserve Bank of India is likely to launch a pilot of Central Bank Digital Currency (CBDC) for interbank borrowing by October.

The Reserve Bank of India (RBI) has recently scaled the pilot of Central Bank Digital Currency (CBDC) or e-rupee for the retail sector.(Shutterstock)

business

Published on Sep 10, 2023 12:48 PM IST

PTI | | Posted by Singh Rahul Sunilkumar

93% of ₹2000 notes returned to banks: RBI

According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation is ₹3.32 lakh crore up to August 31.

A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu.(REUTERS)

business

Published on Sep 02, 2023 11:13 AM IST

PTI |

RBI directs banks to offer fixed rate option to borrowers at interest rate reset

RBI asks banks to give borrowers option to switch to fixed rate at time of interest rate reset.

RBI said Regulated Entities should provide an option to borrowers to switch over to a fixed rate. (MINT)

business

Published on Aug 18, 2023 02:59 PM IST

PTI | | Posted by Singh Rahul Sunilkumar

Home loan, other borrowers can switch to fixed-rate regime: RBI

A pilot project for digitalisation of Kisan Credit Card (KCC) loans of less than ₹1.60 lakh was started in September 2022.

The Infrastructure Debt Fund was created as a separate category of NBFCs in 2011. (iStockphoto)(MINT_PRINT)

business

Published on Aug 10, 2023 12:01 PM IST

PTI |

Forex reserves fall USD 2.9 bn to USD 593.19 billion

Forex reserves drop USD 2.9 bn to USD 593.19 billion

Currency seen at a forex bureau counter in New Delhi.(PTI Photo)

business

Published on Jun 30, 2023 06:08 PM IST

PTI | | Posted by Singh Rahul Sunilkumar

Will strive to get inflation to 4%; El Nino a challenge: RBI Governor Das

In a recent interview, Das exuded confidence that the economy will grow at 6.5 per cent in FY24, as estimated by the RBI earlier.

Reserve Bank of India (RBI) governor Shaktikanta Das (PTI)(MINT_PRINT)

business

Published on Jun 25, 2023 10:09 PM IST

PTI |

Opening bell: Sensex in red at 60,287; Nifty trades at 17,789

IT counters took a beating in the morning trade which resulted in weak trend in the benchmark indices.

Market updates today: People walk past an electronic signage displayed at the Bombay Stock Exchange (BSE) building.(PTI)

business

Updated on Apr 13, 2023 10:21 AM IST

ByHT News Desk

New Zealand inflation stays near 32-year high, fuels central bank interest rates

The Reserve Bank of New Zealand (RBNZ) has been at the forefront of global monetary tightening as central banks battle to overcome inflation stoked by surging energy prices and supply chain disruptions.

The New Zealand dollar firmed slightly after the release of the data, buying 56.58 US cents at 12:25 p.m in Wellington. Swap rates and bond yields rose.(AFP)

business

Published on Oct 18, 2022 06:54 AM IST

Bloomberg | | Posted by Yagya Sharma

NBFCs diversify funding sources

To be sure, bank borrowings continue to grow faster than those from market sources. The market, as in the case of other companies, has been more conducive for larger and well-rated non-banks.

According to RBI, between April and September, overall bank exposure to NBFCs continued to grow due to higher direct lending by banks as well as their investments in debentures.(REUTERS)

business

Published on Jan 08, 2021 12:32 AM IST

Hindustan Times, Mumbai | ByShayan Ghosh, Mumbai

How the economy fared: the masses felt the brunt of Covid-19

Whether the pandemic will unleash a radical realignment of productive resources and lead to growth, or cause a further squeeze on the already hit underclass remains to be seen.

india news

Updated on Dec 30, 2020 05:36 AM IST

Hindustan Times, New Delhi | ByRoshan Kishore

India can achieve double-digit growth with expansion of manufacturing base, says MoS Thakur

The minister of state for finance said that in the past six years, the Modi government has consistently introduced reforms that have brought about significant changes.

Minister of state for finance and corporate affairs Anurag Thakur talking about the recovery post unlock, said, it has been broad-based and has not come only from the agriculture sector.(Deepak Sansta / Hindustan Times)

business

Published on Dec 19, 2020 02:41 PM IST

New Delhi | ByPress Trust of India | Posted by Deepali Sharma

PMC Bank receives 4 investment proposals, RBI extends restrictions till Mar 31

PMC had invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction.

PMC bank account holder held protests by showing placards and chanting slogans against PMC Bank outside the RBI, BKC in Mumbai.(Satish Bate/HT Photo)

business

Published on Dec 18, 2020 09:54 PM IST

New Delhi | ByPress Trust of India | Posted by Shankhyaneel Sarkar

Post-Covid economic challenge in 4 charts

Economic sentiment might strengthen further after the initiation of the vaccination programme against Covid-19. However, this does not mean that the economy will not have to deal with post-Covid challenges.

A labourer carries a sack of cement inside a shop in Agartala, capital of Tripura.(REUTERS)

business

Updated on Dec 11, 2020 04:23 AM IST

Hindustan Times, New Delhi | ByRoshan Kishore

The Indian economy is bouncing back | Opinion

With a judicious mix of spending and structural reforms, the government has paved the way for an impressive recovery

The government’s first priority is to keep the pandemic spread under control. The second is to sustain the momentum of recovery, so that it enters the positive territory by the end of the third quarter(ANI)

analysis

Updated on Dec 09, 2020 06:42 AM IST

ByJyotiraditya Scindia

Why MSP is not a solution

Instituting MSPs through law will lead to inflation and distort markets

MSPs have also incentivised foodgrains over other crops, giving rise to imbalances of water and land resources and shifting land away from crops such as pulses and oilseeds, necessitating costly imports.(AFP)

editorials

Updated on Dec 04, 2020 07:33 PM IST

Hindustan Times | ByHT Correspondent

Copy

Whatsapp Twitter Facebook Linkedin

reserve bank news

Latest from reserve bank

The Reserve Bank of India reported that 98% of ₹2,000 notes have been returned since their withdrawal announcement in May 2023.

The repo rate has been maintained at 6.5 per cent since it was last increased in February 2023.

RBI Floating Rate Savings Bonds: The interest rate is linked to the National Savings Certificate (NSC)- small savings scheme backed by the Union government.

Based on an announcement in the Union Budget for 2022-23, the government issued Sovereign Green Bonds (SGrBs) in January 2023.

RBI MPC April 2024: The repo rate is the rate at which the central bank lends short-term funds to banks. It currently stands at 6.5 per cent.

RBI MPC's decision on repo rate may be impacted by a number of factors including inflation, economic growth and global macro environment.

The Reserve Bank of India's DIGITA to verify digital lending apps, combat financial crimes.

Stock market will be closed on Good Friday. When will it resume trading? What about banks?

RBI to conduct special audit for regulatory breaches by IIFL Finance, JM Financial Products

RBI has directed JM Financial Products to cease and desist, with immediate effect, from doing any form of financing against shares and debentures.

Australian inflation surprisingly remained steady in January, supporting the case for the Reserve Bank to begin cutting interest rates later this year.

Shaktikanta Das pointed out that banks, NBFCs and other financial entities must continue to do stress testing of their books.

The value of ₹2,000 banknotes in circulation has declined from ₹3.56 lakh crore to ₹0.10 lakh crore, RBI said.

RBI imposes penalty on ICICI Bank, Kotak Mahindra Bank for violation of norms.

RBI keeps repo rate unchanged at 6.5 per cent, focuses on withdrawal of accommodation.

Reserve Bank of India is likely to launch a pilot of Central Bank Digital Currency (CBDC) for interbank borrowing by October.

According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation is ₹3.32 lakh crore up to August 31.

RBI asks banks to give borrowers option to switch to fixed rate at time of interest rate reset.

A pilot project for digitalisation of Kisan Credit Card (KCC) loans of less than ₹1.60 lakh was started in September 2022.

Forex reserves drop USD 2.9 bn to USD 593.19 billion

In a recent interview, Das exuded confidence that the economy will grow at 6.5 per cent in FY24, as estimated by the RBI earlier.

IT counters took a beating in the morning trade which resulted in weak trend in the benchmark indices.

The Reserve Bank of New Zealand (RBNZ) has been at the forefront of global monetary tightening as central banks battle to overcome inflation stoked by surging energy prices and supply chain disruptions.

To be sure, bank borrowings continue to grow faster than those from market sources. The market, as in the case of other companies, has been more conducive for larger and well-rated non-banks.

Whether the pandemic will unleash a radical realignment of productive resources and lead to growth, or cause a further squeeze on the already hit underclass remains to be seen.

The minister of state for finance said that in the past six years, the Modi government has consistently introduced reforms that have brought about significant changes.

PMC had invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction.

Economic sentiment might strengthen further after the initiation of the vaccination programme against Covid-19. However, this does not mean that the economy will not have to deal with post-Covid challenges.

With a judicious mix of spending and structural reforms, the government has paved the way for an impressive recovery

Instituting MSPs through law will lead to inflation and distort markets

Join Hindustan Times

Create free account and unlock exciting features like