Reserve bank of India

Swaminathan Janakiraman assumes office as RBI Deputy Governor

S Janakiraman served as the Managing Director of the State Bank of India (SBI) and has succeeded MK Jain who retired on June 21, 2023.

RBI rejects misleading reports of alleged disappearance of banknotes

The RBI addressed on the misconceptions and ensured to the public trust in currency management.

Rise of Banking Frauds in India, in the year 2023

No room for complacency on inflation, says RBI Governor

Stating that there is no room for complacency on inflation, Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said the course of monetary policy would depend upon the ground situation.

RBI withdraws ₹2,000 banknote from circulation while continuing them as legal tender

RBI withdraws ₹2,000 denomination banknotes from circulation but remains legal tender; exchange or deposit required by September 30, 2023.

Here’s why Canara Bank was fined Rs. 2.92 crores by the RBI

The supervisory review of the bank's financial status as of March 31, 2021, was based on the results of a statutory inspection.

RBI approves reappointment of N Kamakodi as City Union Bank’s MD & CEO for 3 more years

City Union Bank today said that the Reserve Bank of India (RBI) has approved the re-appointment of N Kamakodi as MD and CEO, for a period of 3 more years.

RBI most likely to maintain repo rate for now, claims Morgan Stanley report

The Reserve Bank of India agreed to keep the key benchmark interest rate, the repo rate, at 6.5 percent at its first monetary policy review meeting in 2023–2024.

Retail inflation in March drops to 5.66%, below RBI’s upper band

Driven primarily by the softening of food prices, India's retail inflation measured by consumer price index (CPI) fell to 5.66% in March 2023 from 6.44% in the previous month.

RBI releases framework for banks and NBFCs to accept Green Deposits

The Reserve Bank of India has published guidelines for how banks and NBFCs may take green deposits.

Bank credit growth eases to 16.8% in December quarter: RBI data

In the year-ago period, bank credit growth was 8.4 percent.

RBI to conduct 14-day variable rate reverse repo today

The variable rate reverse repo is usually used to remove excess liquidity from the system.

RBI tweaks NEFT, RTGC rules for daily reporting of foreign remittances

Foreign donations must be accepted solely in the "FCRA account" of the State Bank of India (SBI), New Delhi Main Branch, according to the FCRA (NDMB).

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.

RBI hikes key lending rates by 25 basis points to 6.5%

Indian economy remains resilient, RBI Governor Shaktikanta Das said.