Mumbai Interbank Offer Rate (MIBOR) is the rate at which banks lend money from each other for liquidity, finance, and other short-term needs. The RBI is proposing a committee to iron out MIBOR issues and conduct further research for an alternative benchmark.
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RBI monetary policy announces major relief for senior citizens by enabling bill payments from overseas through Bharat Bill Payment System (BBPS).
With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent
The central bank has already announced to gradually withdraw its accommodative monetary policy stance
The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said
Last month, the RBI issued a directive asking non-bank fintech not to provide credit lines onto prepaid payment instruments (PPIs) like wallets and prepaid...
Noting that the COVID-19 pandemic led to a sharp loss of output in 2020-21, it said the adverse impact on the overall economic activity was somewhat offset by...
Following demonetisation in November 2016, the Reserve Bank issued new notes of Rs 200, Rs 500, and Rs 2000, besides releasing new series for other...
Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread...
The document also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of...
The governor assured that an exit from the easy liquidity conditions will be smooth and there will be a "soft landing"
"They (big tech) carry risks, which need to be properly assessed and dealt with," Das said while speaking at Modern BFSI Summit 2022 organised by Financial...
The article, published in the RBI's June bulletin, noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and...
Regulations Review Authority was set-up by RBI with the objective of reducing the compliance burden on Regulated Entities by streamlining the regulatory...
The official also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19...
Risk-taking is the essence of doing business, Das said, emphasising that companies need to carefully weigh the upsides and downsides of every risk before...
He also said the Indian economy is well placed to deal with geopolitical challenges
Shaktikanta Das said most of the digital lending apps are not registered with the central bank and operate by themselves
The governor said the RBI has changed the policy stance to drop the phrase "remains accommodative", and instead opted for "withdrawal of accommodation" for...
UPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform.
A weak trend in domestic equities, surging crude oil prices and unabated foreign fund outflows capped the appreciation bias of the rupee.
Retail Inflation jumps to eight years high of 7.79 per cent in April which is much above the RBI comfort zone. Here is why RBI intervention with rate hike will...
In its annual report, RBI also said the number of Rs 2,000 denomination notes fell to 1.6 per cent of the total currencies in circulation as on March 2022 from...
'Expectation of rate hike, it's a no-brainer. There will be some hike but how much I will not be able to tell now... to say that 5.15 (per cent) may not be...
