QR code based coin vending machines to be launched in 12 cities: RBI
Shaktikanta Das said at the recent Reserve Bank of India (RBI) MPC meeting that QR code-based coin vending machines will be available in 12 cities shortly.
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How the RBI’s 25 basis point repo rate rise may affect your loan EMIs
The RBI raised the repo rate by 25 basis points: How the Reserve Bank of India's (RBI) decision to raise repo rates may affect one's monthly EMI
RBI projects retail inflation at 5.3% for next fiscal
The Reserve Bank of India (RBI) forecasts retail inflation at 6.5% for FY2022-23, and 5.3% for the next fiscal year.
RBI hikes key lending rates by 25 basis points to 6.5%
Indian economy remains resilient, RBI Governor Shaktikanta Das said.
RBI issues list of authentic loan Apps
ED seized ₹859.15 crore under PMLA and Rs 189.28 crore under FEMA Act
RBI extends time for bank locker renewal agreements. Check here for more details
Furthermore, it said that if lockers had previously been 'frozen' owing to the failure to execute the agreements before January 1, 2023, they should be unfrozen immediately.
New FD Rates of the nation top three banks with the recent repo rate hike
In overall, an increase in repo rates makes borrowing more expensive and savings more appealing. Policy repo rate adjustments have a considerable influence on lending and deposit interest rates.
Taming inflation top priority for South Asia, RBI Governor Shaktikanta Das says
The Governor listed six policy goals for the South Asian area to address major concerns such as Covid, inflation, financial sector tightening, and the Russia-Ukraine conflict.
Banks have recorded loans totalling 11.17 lakh Crores over the last 6 years
Since May 1, 2017, the Enforcement Directorate (ED) has registered 515 fraud cases, including those involving deliberate defaulters.
RBI has lifted informal limitations on rupee NDF trades
According to another trader at a private sector bank, the RBI now thinks that banks exploiting any mispricing between the two markets pose no threat to the currency.
RBI will add new UPI payment features that permit multiple debits
The new UPI feature is anticipated to make investing in securities and making payments for online purchases easier.
RBI raises the key lending rate by 35 basis points and projects 6.8% GDP growth
After the Monetary Policy Committee meeting, the Governor of the RBI announced the increase.
RBI will introduce the retail digital rupee on December 1 on a pilot basis
A digital token that stands in for legal cash will be used to represent the retail digital rupee. Digital currency will be issued by the RBI in the same denominations as paper money and coins.
Bank credit growth increased to 17.2% during July-September: RBI
Since December 2020, bank branches in metropolitan areas have experienced greater annual growth than those in rural, semi-urban, and urban areas, according to the RBI report.
RBI is keeping a “Arjuna’s eye” on inflation as the Indian economy continues to thrive despite headwinds: RBI Governor
Shaktikanta Das, Governor of the Reserve Bank of India, stated on Wednesday that the goal of the central bank was to bring inflation down to its target.
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