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Latest Articles in reserve bank of india
Banks Wrote Off Bad Loans Worth Over Rs 2 Tn In FY23: RBI
Rising bad loans cleared off, but recoveries show little improvement, sparking calls for accountability
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RBI Caps Deposit Withdrawal At Rs 50,000 For Ailing National Co-operative Bank
As part of the restrictions, the bank is not permitted to issue fresh loans or accept new deposits without prior approval from the central bank
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India Needs 7.6% Growth Rate For Next 25 Years To Become Developed Country: RBI Report
India's per capita income is currently estimated at USD 2,500, while it must be more than USD 21,664 by 2047, as per World Bank standards, to be classified as a high-income country
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RBI Proposes New Rules For Debit, Credit, And Prepaid Cards In Draft Circular
The draft circular suggests that debit or credit cards should not be limited to a specific network and should be usable on any network
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RBI Panel Makes Recommendations For Internationalisation Of Rupee; Suggests Short-term, Long-term Measures
The internationalisation of the rupee gathered steam following the Reserve Bank of India's (RBI) announcement of a mechanism to settle payments for international trade in rupees, especially for India's exports. The Reserve Bank of India (RBI) allowed invoicing and payments for international trade in Indian Rupee on 11 July 2022
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76% Of 2000-rupee Notes Returned To Bank Since May: RBI
The total value of 2000-rupee notes in circulation amounted to Rs 3.62 lakh crore as on 31 March, reducing to 3.56 lakh crore as on 19 May, the RBI said, making the numbers public for the first time since the announcement for withdrawal
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Housing Loan Share In Total Advances Grows To 14.2% Over 11 Years: RBI Report
The report also highlights the healthy growth of the housing sector, with a 21.6 per cent increase in sales in the fourth quarter of 2022-23
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Indian Banks' Gross Bad Loans Fall To A 10-Year Low Of 3.9%: Report
RBI Governor Shaktikanta Das mentioned in the report that the trajectories of global and Indian financial systems' growth have undergone changes since the previous issue of the FSR
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Over 72% Of 2,000 Rupee Notes Are Taken To Banks: Report
Earlier, RBI announced that India will start withdrawing its highest-value currency notes from circulation, in a move that economists said could boost bank deposits at a time of high credit growth
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Fight Against Inflation Not Over, Job Only Half Done: RBI Governor
A consistent decline in inflation (currently at an 18-month low) and its potential for further decline may have prompted the central bank to put the brake on the key interest rate again
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RBI Permits Reliance To Retain Extra $2 billion From Lenders: Report
It said it is not the first time the RBI has permitted such an increase. Reliance itself has sought special permission from the central bank earlier
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Shaktikanta Das Is Central Bank Governor Of The Year
The RBI demonstrated leadership by launching a CBDC and taking a decisive stance on cryptocurrencies, which influenced other central banks’ approaches
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Rs 2,000 Notes Withdrawal To Boost Deposits, Consumption: SBI Research
The objective of introducing Rs 2,000 banknotes was met once banknotes in other denominations became available in adequate quantities
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India’s Deflationary Process Will Be Sluggish & Lengthy: RBI Chief
"The cumulative impact of our monetary policy actions over the last year is still unfolding and yet to materialise fully," Das said in a speech at the Summer Meetings organised by Central Banking in London
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RBI Fines Bihar State Co-op Bank Rs 60.20 Lakh For Multiple Shortcomings
According to an official statement from the central bank, the bank was issued a notice, and the fine was imposed after careful consideration of its response
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