rbi

India’s Forex Reserves Surge by USD 66 Billion in 2024, Reaching USD 689 Billion

India's foreign exchange reserves have seen a significant rise in 2024, gaining USD 66 billion so far this year, according…

10 months ago

RBI Introduces UPI Cash Deposits At ATMs, No Debit Card Needed

The Reserve Bank of India (RBI) has introduced a new feature allowing cash deposits at ATMs via Unified Payments Interface…

11 months ago

RBI May Cut Rates in October: Crisil Report

The Reserve Bank of India (RBI) is anticipated to start reducing interest rates around October, contingent on stable external factors…

11 months ago

RBI Announces These Major Changes In UPI Payment This Week

The Reserve Bank of India (RBI) has announced a significant increase in the transaction limit for tax payments through UPI,…

11 months ago

FM Nirmala Sitharaman attends RBI Board of Directors meeting

Union Finance Minister Nirmala Sitharaman on Saturday attended a meeting of members of the Central Board of Directors of Reserve…

11 months ago

RBI Keeps Repo Rate Unchanged at 6.5% for Ninth Consecutive Time Amid Declining Inflation

The Reserve Bank of India (RBI) has maintained the repo rate at 6.5% for the ninth consecutive time, as announced…

11 months ago

Google, Amazon, And Walmart Seek To Join RBI’s Digital Currency Pilot

Google Pay, Amazon Pay, and Walmart-backed PhonePe are among the five payment firms seeking to join the Reserve Bank of…

11 months ago

New RBI Rules on ‘Wilful Defaults’

Under the new RBI guidelines, a "wilful defaulter" is defined as a borrower or guarantor who has committed a wilful…

12 months ago

RBI Confirms Limited Impact Of Microsoft Outage On Indian Banking Sector

The Reserve Bank of India (RBI) has conducted a comprehensive evaluation following a significant global outage affecting Microsoft systems. According…

12 months ago

What Are RBI’s New Rules for Credit Card Bill Payments Post July 1 Through Bharat Bill Payment System? – Know Here

Starting July 1, the Reserve Bank of India (RBI) has mandated that all banks process credit card bill payments through…

1 year ago

Indian Banks Seek Extension From RBI For New Credit Card Payment Rules

In the world of banking, staying updated with regulatory changes is crucial. Recently, six prominent Indian banks, including HDFC Bank,…

1 year ago

RBI Deadline Over, Credit Card Payments Via Cred, PhonePe Still Possible

Despite the RBI's June 30 deadline for the Bharat Bill Payment System (BBPS), certain users retain the ability to pay…

1 year ago