Finance News

RBI to issue framework for SRO recognition for regulated entities Regulator will also harmonise rules for internal ombudsman mechanism of REs

RBI MPC meet: How many Rs 2,000 bank notes are still in circulation? Das said that it will ‘actively’ manage the liquidity in the economy. The central bank will undertake open market operations to do so

Household savings rate plummeted to five-decade low in 2022-23: RBI The household savings rate plummeted to a five-decade low in 2022-23 as people started spending after the restrictions on movement ended after the pandemic, the Reserve Bank of India said on Friday. Deputy Governor Michael Patra said the dip in net financial savings of households to 5.1 per cent of ...

India's forex reserves declines by $3.79 billion to $586.91 billion In the previous reporting week, the overall reserves had declined by USD 2.335 billion to USD 590.702 billion as of September 22

RBI doubles bullet repayment gold loan limits for urban co-op banks The Reserve Bank of India on Friday announced doubling the lending limits for gold loans under the bullet repayment scheme for urban cooperative banks to Rs 4 lakh. “It has been decided to increase the existing limit for gold loans under the bullet repayment scheme from Rs 2 lakh ...

RBI raises guardrails ahead of global index inflows, may sell bonds The inflows will add to the RBI’s challenge of keeping liquidity on a leash even as it may need to buy dollars to prevent a sharp appreciation in the rupee

RBI policy hawkish, expect rate cut only in Apr-Jun 2024: Analysts The Reserve Bank’s status quo in policy rates and the accompanying commentary was termed as a “hawkish” pause by analysts on Friday. Many professional watchers said the fourth consecutive pause pushes their expectations of a rate cut further, with some saying it can happen only in the April-June quarter ...

Unchanged repo rate is a festive bonanza for home and car buyers The Reserve Bank of India kept the repo rate unchanged at 6.5 per cent for the fourth time in a row on Friday, implying stable home loan interest rates for borrowers.

RBI MPC: When and where to watch policy announcement by Shaktikanta Das Experts have said that RBI is likely to keep the repo rate unchanged at 6.5 per cent in view of elevated inflation and other global factors

Here's how the Indian banks are making $64 billion from a freebie Since April, customers dipping into their mobile-phone wallets to settle bills of more than Rs 2,000 ($24) have to bear a maximum