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Reserve Bank of India
26 Jul 2024
India's Digital Payments Record Double-Digit Growth: RBI Data
The RBI-DPI comprises 5 broad parameters that enable the measurement of penetration of digital payments in the country over different time periods.
Reserve Bank of India
24 Jul 2024
RBI Tightens Rules For Domestic Money Transfers
The RBI also stated that the guidelines on card-to-card transfers are excluded from the purview of the DMT framework and shall be governed under the guidelines granted for such instruments.
RBI
15 Jul 2024
RBI Revises Norms, Tells Banks To Hear Borrowers Before Taking Any Action
RBI said that the central bank has also mandated data analytics and market intelligence units for strengthening risk management systems as part of the review.
Bharat Bill Payment System
15 Jul 2024
Bharat Bill Payment System: Full List Of Credit Card Billers Live On BBPS
The payment modes options facilitated under the Bharat BillPay are Cards (Credit, Debit and Prepaid), NEFT Internet Banking, UPI, Wallets, Aadhar based Payments and Cash.
NPCI
13 Jul 2024
NPCI To Introduce New Product On UPI With Credit Card Like Features
The new credit feature on UPI allows customers to make purchases without seeing immediate fund outgo from their accounts.
Silver
13 Jul 2024
TMC MP Saket Gokhale's Tweet On Silver Import Through GIFT City Raises Eyebrow
Trinamool Congress MP Saket Gokhale said that under an agreement between the UAE and India, silver can be imported at a reduced duty of 8 per cent provided it meets something called "rules of origin" requirements.
RBI
09 Jul 2024
Employment In 27 Sectors Rises 3.31% In 2022-23: RBI Data
The Reserve Bank of India (RBI) has placed on its website an update on 'Measuring Productivity at the Industry Level-The India KLEMS [Capital (K), Labour (L), Energy (E), Material (M) and Services (S)] Database'.
Budget 2024
06 Jul 2024
Budget 2024: Nirmala Sitharaman To Present Union Budget On July 23
After presenting an interim budget before the Lok Sabha elections, Finance Minister Nirmala Sitharaman will now unveil the full budget for 2024-25.
Reserve Bank of India
06 Jul 2024
RBI Penalizes Five Banks, Including PNB, For Regulatory Non-Compliance
The Statutory Inspection for Supervisory Evaluation (ISE 2022) of the bank was conducted by RBI with reference to its financial position as on March 31, 2022.
Bharat Bill Payment System
04 Jul 2024
HDFC, Axis Bank Customers Can't Pay Credit Card Bill Via CRED, PhonePe, Paytm
The Reserve Bank of India has mandate that all credit outstanding repayments must be routed through the Bharat Bill Payment System (BBPS)- managed by the National Payments Corporation of India (NPCI). The revised norms to streamline the process of bill payments is applicable from 1 July 2024.
Project nexus
04 Jul 2024
What Is Project Nexus? RBI's Pact To Link UPI With 4 ASEAN Countries
Know all about Project Nexus that RBI has joined and what will be the benefits.
RBI
02 Jul 2024
RBI Rolls Out New Draft Regulations To Ease Export And Import Deals
The RBI said the draft regulations under FEMA and directions to Authorised Dealer banks are available on its website for public response.
Floating Rate Savings Bonds
02 Jul 2024
Floating Rate Savings Bond: Interest For July-December Quarter Announced
Floating Rate Savings Bonds may be held by a person who is a resident of India or HUF --check eligibility, issue price, taxation and other details.
RBI
01 Jul 2024
RBI Appoints Arnab Kumar Chowdhury As New Executive Director
Arnab Kumar Chowdhury has experience of over three decades in the Reserve Bank of India. He has worked extensively in the area of supervision of financial entities.
India's forex reserves
28 Jun 2024
India's Forex Reserves Rise By $816 Million To Scale 653.7 Billion Mark
Prior to this, India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a life-time high of $655.8 billion.
Reserve Bank of India
27 Jun 2024
Bad Loans Drop To 12-Year Low, Boosting Growth Momentum: RBI Report
The real gross domestic product (GDP) rose by 8.2 per cent in 2023-24 against 7 per cent in the preceding fiscal.
State Bank of India
27 Jun 2024
RBI Rolls Out New SAARC Currency Swap Framework For 2024 To 2027
Under the Framework for 2024-27, a separate INR Swap Window has been introduced with various concessions for swap support in Indian Rupee.
India
26 Jun 2024
India's Debt-GDP Ratio Dips To 18.7 Per Cent In March 2024
India's external debt stood at $663.8 billion, an increase of $39.7 billion over its level at end-March 2023.
Reserve Bank of India
21 Jun 2024
URL Changed For Reserve Bank’s Database On Indian Economy Portal
Check the latest URL on Database on Indian Economy Portal.
City Co-operative Bank
20 Jun 2024
Reserve Bank Of India Cancels Licence Of City Co-operative Bank
Check the reasons why Reserve Bank of India has cancelled the licence of City Co-operative Bank.
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