Reserve Bank Of India News

RBI retains GDP growth target at 9.5% in FY22: Governor Shaktikanta Das

RBI retains GDP growth target at 9.5% in FY22: Governor Shaktikanta Das

The Reserve Bank of India today retained GDP growth target at 9.5% today. “Consumption demand has been improving and rural demand is showing resilience. Urban demand has also shown signs of strengthening,” governor Shaktikanta Das said. The recent cut in petrol and diesel prices will also support demand, he said.

PM Modi launches RBI’s two innovative schemes for investors

PM Modi launches RBI’s two innovative schemes for investors

New Delhi: Prime Minister Narendra Modi on Friday launched Reserve Bank of India’s two innovative customer-centric initiatives. These initiatives are the RBI Retail Direct Scheme and the Reserve Bank – Integrated Ombudsman Scheme. Speaking on the occasion, he said that the new initiatives will increase investment avenues and make accessing

RBI allows Diners Club to onboard new customers, lifts curbs imposed in April

RBI allows Diners Club to onboard new customers, lifts curbs imposed in April

The Reserve Bank of India (RBI) on Tuesday lifted restrictions on global card network Diners Club International Ltd, allowing it to onboard new customers after it demonstrated “satisfactory compliance”. On 23 April, Diners Club and American Express Banking Corp were restricted from issuing fresh cards due to non-compliance with local

Govt reappoints Shaktikanta Das as RBI Governor by 3 more years, till Dec 2024

Govt reappoints Shaktikanta Das as RBI Governor by 3 more years, till Dec 2024

New Delhi: The government on Friday reappointed Shaktikanta Das as Reserve Bank of India (RBI) governor for three more years, till December 2024. The decision was taken last evening by the cabinet appointments committee comprising Prime Minister Narendra Modi and Home Minister Amit Shah. “The Appointments Committee of the Cabinet

RBI imposes ₹1 crore penalty on SBI for non-compliance

RBI imposes ₹1 crore penalty on SBI for non-compliance

The Reserve Bank of India (RBI) on October 18, 2021, imposed a monetary penalty of Rs one crore on State Bank of India (SBI) for non-compliance with certain directions. The violation is related to rules pertaining to frauds classification and reporting by commercial banks and select financial institutions, the RBI

RBI to launch e-currency by Dec, know how will it be different from crypto

RBI to launch e-currency by Dec, know how will it be different from crypto

Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das recently made a strong argument in favour of a central bank digital currency (CBDC) for India, dropping hints about the launch of its digital currency as early as December this year. RBI’s digital currency will supposedly be known as a digital rupee. “The Reserve

The rise of BNPL is the flavor of the festive season for top internet firms

The rise of BNPL is the flavor of the festive season for top internet firms

Delhi: Top consumer internet companies, including Flipkart, Amazon, Paytm and Byju’s, are betting big on India’s nascent, yet fast-growing Buy-Now Pay-Later (BNPL) segment ahead of the upcoming festive season. After seeing a huge influx of customers during the pandemic, and with the festive season around the corner, fintech startups and