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New Delhi: Reserve Bank Governor Shaktikanta Das said that the central bank has ensured a “soft landing” after having faced with various headwinds, but “risks of inflation coming back and growth slowing down do remain.” Speaking at the CNBCTV18 Global Leadership Summit on Thursday, the RBI Governor said risks of inflation is coming back and…
New Delhi: The Reserve Bank of India (RBI) has named State Bank of India (SBI), HDFC Bank, and ICICI Bank as the country’s most crucial financial players, officially recognizing them as Domestic Systemically Important Banks (D-SIBs). Once again, in 2024, State Bank of India, HDFC Bank, and ICICI Bank have been recognized as Domestic Systemically…
New Delhi: The Reserve Bank of India (RBI) has recently made changes to the Know Your Customer (KCC) norms to align them with recent amendments carried out in the Prevention of Money Laundering (Maintenance of Records) Rules and revised certain existing instructions. According to the Amendment to the Master Direction – Know Your Customer (KYC)…
New Delhi: The Reserve Bank of India (RBI) has invited applications for the post of Deputy Governor offering Rs 2.25 as Salary and Allowances. Qualifications and Experience For RBI Deputy Governor Persons who have at least 25 years of work experience in Public Administration including experience at the level of Secretary or equivalent in the…
Mumbai7 minutes ago copy link Cryptocurrencies pose a huge risk to financial stability and monetary stability. Reserve Bank of India Governor Shaktikanta Das said this at an event organized at the Peterson Institute for International Economics on Friday. He said – I am really of the opinion that this is something that should not be…
New Delhi: The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Friday said that interest rate cut at this stage will be ‘premature, and very, very risky’. Speaking at the fireside chat at the India Credit Forum event in Mumbai by Bloomberg, Governor Das warned against any premature interest rate cuts when inflation risk…
New Delhi: The Reserve Bank of India (RBI) has directed four non-banking financial companies (NBFCs), including two microfinance institutions (MFIs), to halt the sanction and disbursal of new loans starting on concerns over their excessive interest rates and non-compliance with established financial regulations. According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited…
New Delhi22 minutes ago copy link Reserve Bank of India (RBI) Governor Shaktikanta Das has expressed concern over the increasing risks of Artificial Intelligence (AI). He has said that excessive dependence on AI can increase financial vulnerabilities. Speaking at an event on the topic ‘Central Banking at Crossroads’ organized on the 90th anniversary of RBI…
Hindi News Business RBI UPI LITE Transaction Wallet Limit Details; RTGS, NEFT Lookup Facility Mumbai22 minutes ago copy link The Reserve Bank of India (RBI) has increased the transaction limit on UPI Lite from ₹500 to ₹1000. With this, RBI has increased the limit of UPI Light Wallet from ₹ 2000 to ₹ 5000. At…
Mumbai: The Reserve Bank on Wednesday retained the growth projection for the current fiscal at 7.2 per cent on the back of robust consumption and investment momentum. It, however, lowered the GDP estimate for the second quarter to 7 per cent from 7.2 per cent earlier. Real gross domestic product (GDP) also grew slower at…