RBI Concludes MPC Meet, Repo Rate Remains Unchanged at 6.5% for 5th Time in a Row
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) concluded its bi-monthly meeting on December 8, keeping its key interest rate unchanged for the...
Tag : RBI Governor Shaktikanta Das
RBI MPC Keeps Repo Rate Unchanged at 6.5%, Raises Inflation Forecasts
Reserve Bank of India (RBI) governor Shaktikanta Das announced on Thursday that the RBI’s monetary policy committee (MPC) unanimously decided to keep the repo rate...
Bank Deposits Reach Rs 187 Lakh Crore, More than Half of Rs 2,000 Notes in Circulation Back
Following the Reserve Bank of India’s (RBI’s) decision to withdraw Rs 2,000 from circulation, deposits into the banking system rose by Rs 3.26 trillion to...
RBI MPC’s First Meeting Concluded, Repo Rate Constant
Reserve Bank of India (RBI) Governor Shaktikanta Das’ address marks the conclusion of the first Monetary Policy Committee (MPC) meeting of the fiscal year 2023-24...
RBI MPC Lowers Inflation Forecast, Projects Faster Growth for FY24
On Thursday, the governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced that the Monetary Policy Committee (MPC) had reduced its Consumer Price...
SBI to Launch UPI-Based Real-Time Cross-Border Remittance Service
On February 22, the State Bank of India (SBI) said it would allow real-time foreign inward and outward remittance services through the Unified Payments Interface...
India to Open UPI Payments for Foreign Tourists, Starting at Airports for Tourists from G20 Countries
The Reserve Bank of India (RBI) has proposed allowing foreign tourists to make merchant payments through the United Payments Interface (UPI) while in India. The...
RBI Launches Utkarsh 2.0 for the Period 2023-2025
On December 30, RBI Governor Shaktikanta Das launched Utkarsh 2.0, the second phase of the central bank’s medium-term strategy to strengthen the regulatory regime. “Utkarsh...
RBI Governor to Meet Bank CEOs Over Slow Deposit Growth
On Wednesday, RBI Governor Shaktikanta Das will hold a meeting with CEOs of public sector banks to discuss the sustainability of slow deposit growth and...
RBI Hikes Repo Rates by 50 Bps to 5.9%, 3rd Time in Row
On September 30, The Reserve Bank of India (RBI) declared a 50 basis points hike in the repo rate to step up its fight against...