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Reserve Bank of India to Set Up Committee For Mumbai Interbank Offer Rate: What Is MIBOR?

Reserve Bank of India to Set Up Committee For Mumbai Interbank Offer Rate: What Is MIBOR?

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.

05 August 2022
RBI Monetary Policy: Now File Unresolved Credit Score Complaints With Central Bank Ombudsman

RBI Monetary Policy: Now File Unresolved Credit Score Complaints With Central Bank Ombudsman

Reach out directly to the Reserve Bank of India (RBI) ombudsman if you have unresolved credit score issues with any credit information bureau

05 August 2022

RBI Monetary Policy: BBPS To Process Inbound Bill Payments From NRIs, To Benefit Senior Citizens

RBI monetary policy announces major relief for senior citizens by enabling bill payments from overseas through Bharat Bill Payment System (BBPS).

RBI Hikes Repo Rate By 50 Basis Points To 5.4%

RBI Hikes Repo Rate By 50 Basis Points To 5.4%

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

05 August 2022

RBI Likely To Raise Key Policy Rate By 25-35 Bps To Check Inflation: Experts

The central bank has already announced to gradually withdraw its accommodative monetary policy stance

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27 July 2022
RBI To Go For 35 Basis Points Hike In Rates At Next Week's Monetary Policy Meeting: Report

RBI To Go For 35 Basis Points Hike In Rates At Next Week's Monetary Policy Meeting: Report

The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said


22 July 2022
RBI Governor Das Warns Digital Lenders To Operate Within Permitted Territory

RBI Governor Das Warns Digital Lenders To Operate Within Permitted Territory

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...


08 July 2022
RBI's Market Operations Helped Banks In Funding During Covid, Says Study

RBI's Market Operations Helped Banks In Funding During Covid, Says Study

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...


01 July 2022
RBI Ask Banks To Test Note Sorting Machines On Quarterly Basis

RBI Ask Banks To Test Note Sorting Machines On Quarterly Basis

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...


29 June 2022
Proper Interpretation Of Data Necessary For More Informed Decision Making: RBI Governor

Proper Interpretation Of Data Necessary For More Informed Decision Making: RBI Governor

Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread...


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17 June 2022
RBI Payments Vision 2025 Aims 3-fold Increase In Digital Payments

RBI Payments Vision 2025 Aims 3-fold Increase In Digital Payments

The document also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of...


17 June 2022
RBI Not Behind The Curve; Tolerance Of High Inflation Was A Necessity: Shaktikanta Das

RBI Not Behind The Curve; Tolerance Of High Inflation Was A Necessity: Shaktikanta Das

The governor assured that an exit from the easy liquidity conditions will be smooth and there will be a "soft landing"


17 June 2022
Big Tech's Financial Services Play Poses Systemic Concerns Like Over Leverage: RBI Governor Das

Big Tech's Financial Services Play Poses Systemic Concerns Like Over Leverage: RBI Governor Das

"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...


16 June 2022
India Better Placed Than Many Other Economies To Avoid Stagflation, Says RBI Article

India Better Placed Than Many Other Economies To Avoid Stagflation, Says RBI Article

The article, published in the RBI's June bulletin, noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and...


13 June 2022
RBI's Regulations Need Periodic Review To Align Them With Evolving Industry Practices: RRA

RBI's Regulations Need Periodic Review To Align Them With Evolving Industry Practices: RRA

Regulations Review Authority was set-up by RBI with the objective of reducing the compliance burden on Regulated Entities by streamlining the regulatory...


10 June 2022
RBI Prioritising Inflation Over Growth: Official

RBI Prioritising Inflation Over Growth: Official

The official also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19...


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09 June 2022
Businesses Should Avoid Aggressive Short-Term Reward-Seeking Culture: RBI Governor Das

Businesses Should Avoid Aggressive Short-Term Reward-Seeking Culture: RBI Governor Das

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...


08 June 2022
Expect Current Account Deficit To Remain At Sustainable Level: Shaktikanta Das

Expect Current Account Deficit To Remain At Sustainable Level: Shaktikanta Das

He also said the Indian economy is well placed to deal with geopolitical challenges


08 June 2022
RBI Governor Asks People To Approach Police For Issues Against Unregistered Digital Lending Apps

RBI Governor Asks People To Approach Police For Issues Against Unregistered Digital Lending Apps

Shaktikanta Das said most of the digital lending apps are not registered with the central bank and operate by themselves


08 June 2022
Evolving Conditions Will Guide Future Policy Actions: RBI Governor Shaktikanta Das

Evolving Conditions Will Guide Future Policy Actions: RBI Governor Shaktikanta Das

The governor said the RBI has changed the policy stance to drop the phrase "remains accommodative", and instead opted for "withdrawal of accommodation" for...


08 June 2022
Reserve Bank Of India  Allows Credit Cards To Be Linked With UPI Platform

Reserve Bank Of India Allows Credit Cards To Be Linked With UPI Platform

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.


08 June 2022
Rupee Gains 9 Paise to 77.69 Against US Dollar In Early Trade Ahead Of RBI Policy Outcome

Rupee Gains 9 Paise to 77.69 Against US Dollar In Early Trade Ahead Of RBI Policy Outcome

A weak trend in domestic equities, surging crude oil prices and unabated foreign fund outflows capped the appreciation bias of the rupee.


02 June 2022
Why RBI Should Not Increase Interest Rates To Tame Inflation

Why RBI Should Not Increase Interest Rates To Tame Inflation

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...


27 May 2022
RBI Pitches For Structural Reforms; Flags Inflationary Pressure

RBI Pitches For Structural Reforms; Flags Inflationary Pressure

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...


23 May 2022
Expectation Of Rate Hike In Next Policy 'A No-Brainer', Says RBI Governor

Expectation Of Rate Hike In Next Policy 'A No-Brainer', Says RBI Governor

'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...


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