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New Delhi36 minutes ago Copy link Yesterday’s big news was related to the International Monetary Fund (IMF). The Executive Board of the IMF has given a new loan of $ 1.4 billion (about ₹ 12 thousand crore) to Pakistan under the Climate Rejylines Loan Program. At the same time, State Bank of India (SBI), the…
Mumbai56 minutes ago Copy link State Bank of India (SBI), the country’s largest government bank, has been fined by the Reserve Bank of India (RBI). This penalty has been imposed for not following banking rules. The RBI has accused SBI of not giving timely compensation to customers in case of damage in untouchable digital transactions…
New Delhi: A viral post is doing the rounds in social media, highlighting that pressing the ‘Cancel’ button twice on an ATM machine before a transaction can prevent PIN theft of debit cards. The post falsely credits Reserve Bank of India on a pro tip that says, “A very useful tip while withdrawing funds from…
New Delhi: The Reserve Bank of India (RBI) had 879.59 metric tonnes (MT) of gold at the end of March 2025, of which 511.99 metric tonnes were held domestically, the Central Bank informed on Monday. While 348.62 metric tonnes of gold were kept in safe custody with the Bank of England and the Bank for…
RBI WhatsApp Channel: The Reserve Bank of India (RBI) has rolled out an official WhatsApp channel to make financial information more accessible to people across the country. The initiative aims to deliver key banking updates and financial news in a simple, easy-to-understand format, making it accessible even to people in remote and underserved regions. Citizens…
Mumbai: The Indian stock market is set for a volatile week, with multiple factors influencing investor sentiment such as the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting, reactions to the Union Budget 2025, and global economic events. Investors will closely track the impact of the Union Budget 2025, which was presented by…
Last Updated:February 02, 2025, 08:51 IST During the Monetary Policy Committee meeting on February 7, the RBI is expected to decide on a cut in repo rates. These banks updated their interest rates on fixed deposits in January. At the Monetary Policy Committee (MPC) meeting on February 7, the Reserve Bank of India (RBI) is…
New Delhi: Digital payments across India recorded a double-digit jump of 11.1 per cent year-on-year (YoY) as on September 2024, according to the Reserve Bank of India’s (RBI) index that measures the adoption of online transactions, according to a Central Bank statement. The RBI’s Digital Payments Index (RBI-DPI) for September 2024 stands at 465.33 up…
New Delhi: As the US Federal Reserve paused the rate cut cycle, the Reserve Bank of India (RBI) has started with liquidity easing and the rationale for 25bps rate cut in February is compelling, industry watchers said on Thursday. The Fed held rates as was widely expected at 4.25 per cent-4.50 per cent, with Fed…
Mumbai: The RBI’s monetary policy committee meeting scheduled for February is likely to spring some positive surprises with a growth-favoured approach, according to brokerage firm Jefferies. The Reserve Bank of India (RBI) policies can take a growth-supportive turn, especially with the government expected to take a tight fiscal stance on February 1, Jefferies said in…