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New Delhi: India’s foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed. However, gold reserves, which form part of the foreign exchange kitty, increased by $824 million to $67.1 billion during the week, according to the figures….
New Delhi: The Reserve Bank has lifted its ban on the ‘sanction and disbursal of loans’ by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday. The RBI had in October, 2024, taken action against four NBFCs — Asirvad…
A Lok Sabha Member of Parliament (MP) Kaushalendra Kumar has called for government intervention in the controversy surrounding Tata Sons’ alleged attempt to bypass the Reserve Bank of India’s (RBI) public listing requirement. In a letter to Union Finance Minister Nirmala Sitharaman, the four-time MP has requested to look into the matter as it may…
Mumbai: Once or twice a month, the then Governor of the Reserve Bank of India would walk to Mumbai’s famous Strand Book Stall in the Fort area to check out the latest arrivals. Little did the bookstore’s staff know that this soft-spoken book-lover would become the country’s prime minister. A former staff member of Strand,…
New Delhi: Beware of a new scam which is targeting mobile users. Fraudsters are now impersonating the Reserve Bank of India (RBI) and sending fake voicemails. The voicemails falsely warn about your bank account being blocked due to a alleged credit card fraud. Don’t fall for it—PIB Fact Check has confirmed that these messages are…
New Delhi: The gross non-performing asset (NPA) ratio for scheduled commercial banks (SCBs) have improved significantly with a reduction to 2.67 per cent in June 2024 from 11.18 per cent in March 2018, according to the government. Moreover, SCBs recorded highest-ever aggregate net profit of Rs 23.50 lakh crore in FY2023-24, against a net profit…
Sanjay Malhotra has officially assumed office as the 26th Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das whose tenure ended on December 10. Maholtra took charge on Wednesday and is all set to make his first public address to the media at 3 pm. This marks the beginning of his leadership at…
Revenue Secretary Sanjay Malhotra has been appointed as the new Governor of Reserve Bank of India (RBI). Malhotra will take charge as the 26th Governor of RBI on December 11, 2024. The tenure of current Governor Shaktikanta Das is ending on December 10. Malhotra’s tenure as RBI Governor will be for 3 years. The government…
Sanjay Malhotra has been appointed RBI Governor for three years New Delhi: Revenue Secretary Sanjay Malhotra has been appointed Governor of the Reserve Bank of India (RBI). He will take charge from Wednesday for three years, the government said in a statement. Mr Malhotra is a 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan…
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das met Finance Minister Nirmala Sitharaman at her office in the North Block on Saturday evening. The meeting comes just days before Das’ current term as RBI Governor ends, and a day after the monetary policy meeting. Das has served as the Governor of the RBI…