The Reserve Bank of India has updated the rules for credit report updates. Under the new rule, each individual's credit score will be updated twice a month.
According to the report, India stands at the second position in terms of addition to its gold reserve in 2024, behind Poland which added 90 tonnes. India's gold reserve surge this year is 78 tonnes.
Fact Check: Several social media users are claiming that the RBI is planning to launch Rs 5000 notes. Let's find out the truth behind this viral claim.
This reduction in policy rates is expected to stabilise regulatory momentum, potentially fostering growth and supporting investments in the near term. The CRR cut further outlines the RBI's intent to stimulate economic activity.
The Reserve Bank of India (RBI) has reported that 98.12 per cent of Rs 2000 notes in circulation as of May 19, 2023, have been returned to the banking system following the RBI’s withdrawal announcement.
The Reserve Bank of India has released its Financial Stability Report (FSR) expressing optimism about the economy in the near future. It also revealed facts about NPA, the condition of Scheduled Commercial banks and inflation.
As 2025 approaches, the Reserve Bank of India is making efforts to minimise the burden on the banking system while ensuring enhanced cyber and financial security. Accordingly, it has issued a direction to close some of the accounts. Check if your account is one among them.
Bank holidays in January 2025: As per the instructions of Reserve Bank of India, banks will remain closed on all public holidays and some regional holidays depending on the particular state. Regional holidays are decided by the state government.
RBI said that gold reserves decreased by USD 2.33 billion to USD 65.726 billion during the week.
Headed by IIT Bombay professor Pushpak Bhattacharyya (Department of Computer Science and Engineering), the panel will assess the current level of adoption of AI in financial services, globally as well as in India.
Banks remain closed on second and fourth Saturdays and Sundays as per RBI rules. However, today, December 21, a third Saturday, banks will remain open nationwide. Know about upcoming bank holidays in December 2024, tips for checking state-specific holidays, and options for completing financial task.
Following the incident, an FIR was filed at the Mata Ramabai Ambedkar (MRA) Marg Police Station against unidentified individuals.
IAS officer Sanjay Malhotra has been appointed as the 26th RBI Governor, succeeding Shaktikanta Das. With inflation at 6.2 per cent and GDP growth slowing, Malhotra faces critical decisions on India’s monetary policy.
Shaktikanta Das, the outgoing RBI Governor, made six pivotal policy decisions during his tenure, from navigating the COVID-19 crisis to introducing India’s Digital Rupee. Know about his lasting impact on India’s economic landscape.
Sanjay Malhotra's appointment is effective December 11, 2024, and will continue for three years, as per an official notification from the Department of Personnel and Training on Monday.
The current downward revision to 6.6 per cent for FY25 reflects the RBI's acknowledgement of potentially missing earlier projections by a significant margin.
Credit line on UPI has the potential to make available low-ticket, low-tenor products to "new-to-credit" customers, RBI Governor Shaktikanta Das said.
Terming the growth much lower-than-anticipated, RBI Governor Shaktikanta Das exuded confidence that high-frequency indicators available so far suggest that the slowdown in domestic economic activity bottomed out in Q2:2024-25.
As per the new regulations, the RBI said the offline framework has been updated and the enhanced limits for UPI Lite shall be Rs 1,000 per transaction, with Rs 5,000 being the total limit at any point in time.
Issuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free.
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