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New Delhi: Reserve Bank of India (RBI) Deputy Governor Swaminathan Janakiraman on Saturday highlighted that true financial inclusion goes beyond expanding banking access, stressing the need to empower citizens through financial literacy. Speaking at the Indian Bank-hosted ‘Financial Inclusion Saturation’ programme, Janakiraman said programmes like Re-KYC camps help people enhance their quality of life and…
Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday announced the standardisation of procedures for settling claims related to bank accounts and safe deposit lockers of deceased customers. Announcing the RBI August Bi-monthly policy, Governor Malhotra said, “We Will be standardising the procedure for settlement of claims in respect of bank accounts and…
Mumbai: The RBI on Wednesday retained its forecast for India’s GDP growth at 6.5 per cent for FY 2025-26, despite global uncertainties, as it expects strong rural demand on the back of a good monsoon and robust government expenditure on big ticket infrastructure projects to propel growth. RBI Governor Sanjay Malhotra said, “The above normal…
New Delhi: Contrary to widespread expectations of a rate cut, the Reserve Bank of India (RBI) kept the key interest rates unchanged on Wednesday. The Monetary Policy Committee has unanimously decided to keep the repo rates unchanged at 5.50 percent, RBI Governor Sanjay Malhotra said, while announcing the August 2025 bi-monthly monetary policy. Economists had…
New Delhi: The Reserve Bank of India (RBI) is all set to announce the policy repo rate today, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. According to economists, there are strong reasons why the RBI might consider another rate cut of at least 25 bps — upcoming US tariffs likely…
New Delhi: The government on Sunday termed “untrue” a WhatsApp message that claimed the Reserve Bank of India (RBI) had ordered banks to cease issuing Rs 500 notes via ATMs by September 30, saying no such instruction has been issued. The deceptive message also claims that 90 per cent of ATMs will cease issuing Rs…
New Delhi: The Reserve Bank of India (RBI) is expected to announce a 25 basis points (bps) cut in the repo rate during its Monetary Policy Committee (MPC) meeting scheduled from August 4 to 6, 2025, according to a State Bank of India (SBI) report. The report describes this frontloaded rate cut as an “early…
New Delhi: India’s foreign exchange reserves increased by $2.7 billion to reach $698.19 billion for the week ending July 25, according to data released by the Reserve Bank of India (RBI) on Friday. The rise was led by higher foreign currency assets, which went up by $1.31 billion to $588.93 billion. These assets, expressed in…
The sale will take place in two parts: Rs 16,000 crore of “6.68 percent Government Security 2040” and Rs 16,000 crore of “6.90 percent Government Security 2065.” The government may accept an extra Rs 2,000 crore for each bond if demand is high, potentially increasing the total auction size to Rs 36,000 crore. Source link…
India faces key economic decisions in August: RBI may cut rates amid low inflation; GST Council plans to revise tax slabs and compensation cess; stalled India-US trade talks risk 26 percent tariffs from August 1; exports slow, but inflation falls to a six-year low, with strong growth forecast for 2025–26. Source link [ad_3]