Mumbai: The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities. “Members of public are urged to exercise utmost caution while using websites/ applications, and parting with their money to any such unauthorised entity,” the RBI said. Members of the public should verify and satisfy themselves … Read more
Reserve Bank of India Mumbai: While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the country to become the world’s third-largest economy. In purchasing power parity (PPP) terms, the Indian economy is … Read more
Mumbai: India’s forex reserves dropped by USD 5.401 billion to USD 643.162 billion for the week ended April 12, the Reserve Bank said on Friday. The overall reserves increased by USD USD 2.88 billion to a new high of USD 648.562 billion in the previous reporting week. It can be noted that in September 2021, … Read more
Reserve Bank of India Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they are expected to pay to ensure transparency and help them make informed decisions. All regulated entities, such as banks … Read more
RBI MPC April Meeting: Where and When To Watch? RBI MPC April 2024 Meeting: The meeting of the RBI’s Monetary Policy Committee, which started on Wednesday, will conclude today RBI MPC April 2024 Meeting: The meeting of the RBI’s Monetary Policy Committee, which started on Wednesday, will conclude today (Friday morning), and the decision will … Read more
New Delhi: The Finance Ministry on Monday announced the sale of Rs 38,000 crore worth of government bonds through the Reserve Bank of India’s new multiple price auction method. These include (i) the sale of “7.33 per cent Government Security 2026” for a notified amount of Rs 6,000 crore through price-based auction using the multiple … Read more
Nitin’s attempts to schedule an appointment with a doctor he had found online had proved fruitless. He had almost given up on the phone numbers that had popped up in the online search, when he received a call. The person claimed to be from the doctor’s office and asked him to download a mobile application … Read more
Mumbai: The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday, March 28 The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of … Read more
IANS Mumbai: India’s foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed. This is the biggest jump in the country’s forex kitty since the week ended July 14, 2023. In the … Read more
RBI Mumbai: The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday. A penalty of Rs 1,40,76,000 has been imposed on Bank of India for non-compliance with the following RBI directions: (1) The bank did not pay interest in … Read more
