Reserve Bank of India

Bank Holidays in November 2024: Banks to Close for 13 Days This Month

The Reserve Bank of India (RBI) has released the list of bank holidays for November 2024, with banks set to…

8 months ago

UPI Lite Boost: New Limits And Auto Top-Up Feature Launching Soon!

UPI Lite is set for major updates on November 1, including increased transaction limits and an auto top-up feature to…

8 months ago

Positive Start for Stock Exchanges as Indices Rise in Early Trading

Indian stock markets opened with a slight uptick, reflecting increased investor confidence. Both major indices started the day in positive…

9 months ago

RBI Holds Repo Rate Steady at 6.5% for the 10th Consecutive Meeting

In its monetary policy meeting held on Wednesday, the Reserve Bank of India (RBI) decided to maintain the repo rate…

9 months ago

Retail Inflation Falls To 5-Year Low of 3.54% In July 2024

Retail inflation dropped to 3.54% in July 2024, the lowest in nearly five years, according to government data. This marks…

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

RBI Reduces Cheque Clearing Time From 2 Days To Hours, Governor Announces

The Reserve Bank of India (RBI) is set to make significant changes to the cheque-clearing process, aiming to reduce the…

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 Joins Project Nexus: Will Quick, Affordable UPI Payments Abroad Soon Be Possible?

The Reserve Bank of India (RBI) has recently joined Project Nexus, a multinational initiative aimed at facilitating instant cross-border retail…

1 year ago

RBI Wins ‘Risk Manager Of The Year Award 2024’ By Central Banking Publication

The Reserve Bank of India (RBI) has been bestowed with the prestigious "Risk Manager of the Year Award 2024" by…

1 year ago

Sensex Reaches Record Highs Days After Post-Election Market Crash

The benchmark Sensex surged by over 1,720 points, marking a remarkable over 2% increase and reaching all-time intraday highs. This…

1 year ago

RBI Policy Panel Keeps Repo Rate Unchanged. Here’s Why?

Interest rates in the financial system are expected to remain steady, with the Reserve Bank of India (RBI) maintaining the…

1 year ago