RBI Proposes to Increase Subsidy Amount, Simplify Claims Process Under PIDF Scheme
On June 8, The Reserve Bank of India (RBI) proposed to increase the subsidy amount and simplify the claims process under the Payments Infrastructure Development...
Tag : Reserve Bank of India (RBI)
Provisions, Reverse Repo Ops Hit RBI Dividends
Last week the Reserve Bank of India (RBI) had to pay the government its lowest dividend in 10 years. The reason becomes clear in the...
Rajiv Kumar Appointed as India’s Chief Election Commissioner
Rajiv Kumar has been appointed as Chief Election Commissioner of the Election Commission of India (ECI) with effect from May 15, 2022. He will take...
RBI Defends 77.50 Per Dollar Level
On Tuesday, the Reserve Bank of India (RBI) intervened across the foreign exchange market spot, future, and offshore, which stopped the rupee from going the...
PM Modi To Open 75 Digital Banks on Aug 15
Indian Prime Minister Narendra Modi will reportedly open 75 digital banking units (DBUs) in 75 districts on August 15 to mark the 75th anniversary of...
India to Overcome Covid-19 Pandemic Losses by FY35: RBI
India is expected to recover the losses during the pandemic till 2034-35, the “Currency and Finance Report” of the Reserve Bank of India (RBI) has...
RBI Discusses with Industry Bodies Before Finalizing Digital Lending Guidelines
According to three people familiar with the matter, the Reserve Bank of India (RBI) is in extensive consultations with digital lending and consumer associations as...
India’s Foreign Exchange Reserves Down $311 Million To $603.7 Billion
The country’s foreign exchange reserves fell by $311 million to $603.694 billion on April 15, data from the Reserve Bank of India showed on Friday....
State Bank of India Hikes Key Reference Lending Rate By 10 Basis Points
State Bank of India (SBI), the country’s largest lender, raised the marginal cost of its funds-based lending rate (MCLR) by ten basis points from April...
India’s Retail Inflation Rises To 6.95% In March
India’s annual retail inflation surged to a 17-month high in March, while factory output contracted month-on-month in February, complicating the central bank’s policy choices. Data...