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New Delhi: The Reserve Bank of India kept the key interest rates unchanged for the 10th consecutive time on Thursday. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting said that the repo rate has been kept unchanged at 6.5 percent. “Consequently, the standing deposit facility (SDF) rate remains…
New Delhi: The Reserve Bank of India (RBI) on Monday said it has entered into a currency swap agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework 2024-27. Under the agreement, the MMA is eligible for financing support from the RBI amounting to USD 400 million under the US Dollar/Euro Swap…
Hindi News Business RBI’s MPC Meeting Will Start From Today, End’s Till 9 October, Decision On Interest Rate New Delhi50 minutes ago copy link The meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India i.e. RBI is starting today from Monday (7 October). This three-day meeting will continue till October 9….
New Delhi: The Reserve Bank of India (RBI) has appointed Aviral Jain as Executive Director (ED), effective from October 1, 2024. Prior to this promotion, Jain served as the Regional Director for Maharashtra, bringing over 30 years of extensive experience in various key areas, including supervision, currency management, foreign exchange regulation, and human resource management….
New Delhi: With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI). The report suggests that domestic economic conditions are the primary factor influencing the central bank’s decisions. With India…
Hindi News Business Government Appoints Saugata Bhattacharya, Ram Singh, Nagesh Kumar As RBI MPC Members Ahead Of Policy Decision Mumbai2 minutes ago copy link The government on Tuesday appointed three new external members to the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), including Ram Singh, Saugata Bhattacharya and Nagesh Kumar. The…
Mahatma Gandhi did not appear in the Indian currency notes immediately after India’s independence in 1947. Mahatma Gandhi’s portrait has been featured on Indian currency notes for over five decades. However, the notes featuring Gandhi’s portrait were first featured during a special series that was issued to commemorate his 100th birth anniversary in 1969. The…
New Delhi: The Reserve Bank of India has found irregular practices in the grant of loans against pledges of gold ornaments and jewellery by some entities. It has thus advised all “supervised entities” to comprehensively review their policies, processes, and practices on gold loans to identify gaps. They have been asked to initiate appropriate remedial…
Mumbai: Retail loans by banks and finance companies in India could triple by 2030, driving household leverage to 34 per cent by fiscal year 2031 from about 23 per cent at the end of 2024, according to a new report. Finance companies will sustain loan growth stronger than the banking sector, which is expected to…
New Delhi: Dominance of fossil fuels in electricity generation in India will end by the end of the decade said Reserve Bank of India in its latest report. The report also noted that the renewable energy is expected to cross 50 per cent share in electricity generation globally. It added that the energy transition has…