GOI Lowers Borrowing Target For FY23
Today, the Government of India (GOI) has discussed with the Reserve Bank of India (RBI) to finalise its borrowing programme for the second quarter of...
Tag : Reserve Bank of India (RBI)
India’s Forex Reserves Fall For Seventh Week: RBI
The Foreign exchange reserves were down for a seventh continuous week, dropping to $545.652 billion on September 16, the Reserve Bank of India (RBI) said....
Rupee Hits the Record Low of 81.55 Against the Greenback
On Monday, Amid a surge in the US bond profits and the US dollar index, the rupee unbolted 0.68 per cent lower to hit a...
RBI Cancels License of Maharashtra-Based Laxmi Cooperative Bank
The Reserve Bank of India (RBI)announced the cancellation of the licence of Maharashtra-based Laxmi Co-operative Bank because of a shortage of capital. Every depositor would...
RBI revives Central Bank of India, Checks Oversight
On September 20, the Reserve Bank of India (RBI) said it had removed the state-run Central Bank of India from the so-called prompt corrective action...
UPI Lite Launched for Offline Transactions with UPI on RuPay Credit Cards, BBPS Cross-Border Payments
On Tuesday, the Reserve Bank of India (RBI) launched UPI Lite for feature phones, allowing Indian users to enable offline transactions with minor restrictions. RBI...
India’s Forex Reserves Decline $2.23 Billion to $550.87 Billion
India’s foreign exchange reserves fell by $2.234 billion to $550.871 billion in the week ended September 9, the Reserve Bank of India (RBI) said on...
RBI to Raise Repo Rate to 5.9%: Morgan Stanley
In the credit policy, the monetary policy committee plans to raise the repo rate by 50 basis points to 5.90 per cent and keep the...
RBI Fines Rani Laxmibai Urban Cooperative Bank for Breaking Rules
The Reserve Bank of India (RBI) on September 5 fined Uttar Pradesh-based Rani Laxmibai Urban Cooperative Bank Rs 5 lakh for breaching norms related to...
Kotak Mahindra Bank Reports 5,278 Fraud Cases in Q1FY22-23, SBI 9 Only
According to the Reserve Bank of India (RBI) data, Leading private sector lender Kotak Mahindra Bank recorded as many as 5,278 fraud cases in Q1FY22-23...