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New Delhi: The Reserve Bank of India’s (RBI) central board, on Friday, deliberated on the state of the local and international economies and related issues, with Governor Sanjay Malhotra presiding over the 620th meeting of the Central bank’s central board of directors. According to a statement from the RBI, the Board also approved the risk-based…
New Delhi: High-frequency indicators suggest that domestic economic activity is holding up in Q3 FY26, although there are some emerging signs of weakness in a few leading indicators, the Reserve Bank of India (RBI) said on Friday. In the monetary policy committee (MPC) minutes, the Central Bank said that GST rationalisation and festival-related spending supported…
New Delhi: Canara Bank has joined the growing list of lenders adjusting interest rates after the Reserve Bank of India’s recent policy move. Following the RBI’s 25 basis point cut in the repo rate earlier this month, the public sector bank has revised both its lending rates and fixed deposit interest rates. The decision comes…
New Delhi: Reserve Bank of India (RBI) Governor Sanjay Malhotra expects the key policy rates to remain low for a “long period” based on the RBI’s projections as the Indian economy is recording robust growth while inflation is well under control, according to a report in Financial Times. Malhotra also said that the country’s economic…
New Delhi: As per the RBI official holiday calendar, banks will not observe gazette holiday on account of Guru Tegh Bahadur Jayanti. However, several states like Uttar Pradesh and Delhi have shifted the date of Guru Tegh Bahadur holiday to November 25 instead of origina schedule for November 24 all government offices, schools and colleges…
New Delhi: If you’re someone who saves all your banking tasks for the weekend, it’s important to know which Saturdays your bank will actually be open. Many essential services like cash deposits, withdrawals, cheque work, and locker access still require a visit to the branch. In India, banks follow a specific schedule; they remain open…
New Delhi: In a significant move, the Reserve Bank of India (RBI) on Friday has announced the interlinking of Unified Payments Interface (UPI) with the TARGET Instant Payment Settlement (TIPS) of the Eurosystem. The proposed UPI-TIPS interlinkage aims to facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of…
New Delhi: The Reserve Bank of India (RBI) on Friday denied social media claims that it sold 35 tonnes of gold from its reserves, calling them “unsubstantiated rumours”. In a post shared by the PIB Fact Check Unit on X, the central bank clarified that no such sale had taken place and urged the public…
New Delhi: The Premature redemption of 2019-20 Series-VI is due today (30 October, 2025), the Reserve Bank of India has said. The Premature redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India…
Mumbai54 minutes ago copy link The Reserve Bank of India (RBI) is going to auction or sell (re-issue) four government securities (bonds). Their total value is Rs 32,000 crore. The auction will take place on October 31 (Friday) and its settlement will take place on November 3 (Monday). Government securities are tradable debt instruments issued…