In May this year, the Indian Banks Association had said that Russia is investing the surplus it earns out of oil sales to India in G-secs, but the market's estimates on the quantum vary from USD 10-22 billion
The reserves have been declining as RBI deploys the kitty to defend the rupee amid pressures caused majorly by global developments. Of the total, the major component of foreign currency assets increased by USD 989 million to...
RBI Governor Shaktikanta Das said India’s macroeconomic fundamentals are strengthening and growth prospects are steadily improving and becoming broad-based
While announcing the decisions of the three-day Monetary Policy Committee (MPC) Das said, “The MPC decided to remain watchful and evaluate the situation.”
"The Governor also emphasised the need for MD & CEOs to pay special attention to strengthening the governance in the banks and focus on the tripod of banking stability consisting of compliance, risk management and audit...
As banks adopt new technologies, it is essential for supervisors to be equipped with the necessary knowledge, skills and resources to effectively supervise and regulate these advancements, Reserve Bank deputy governor Mukesh...
Market participants and businesses will closely observe the governor's overall tone
RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated entities including cooperative lenders will now be able to execute "compromise settlements and technical...
The advent of digital lending by non-banks and fintechs has led to the flagging of issues regarding fair practices and consumer protection, Das said, adding...
With the release of RBI MPC minutes, it is clear that the central bank’s governor has also talked about global uncertainty and the risks faced by banks...
The CAD for the first three quarters of 2022-23 stood at 2.7 per cent of GDP
The rate-setting Monetary Policy Committee (MPC) will act on the rates as and when necessary, Das said
RBI MPC Meeting 2023: RBI Governor Shaktikanta Das has announced that the MPC has unanimously voted in favour of keeping the repo rate unchanged at 6.50%. Here...
RBI MPC Meeting: RBI Governor Shaktikanta Das has announced that the central bank has kept the repo rate unchanged at 6.50 per cent. The MPC briefing also had...
QR code-based merchant payments through UPI apps are already enabled in Bhutan, Singapore and the UAE
The award was given by Central Banking Publications, a financial publisher specialising in public policy and financial markets, with an emphasis on central...
Between January 2017 and January 2023, the value of UPI transactions has increased from just Rs 1,700 crore to Rs 12.98 lakh crore
The central bank chief was speaking at the inaugural session of the meeting of G20 finance ministers and central bank governors
Reserve Bank of India Governor Shaktikanta Das has said that inbound travellers to India will now be permitted to access UPI for their merchant payments while...
Without naming Adani Group the RBI governor Shaktikanta Das said that RBI has taken a number of steps for resilience of banking sector
Though the global economy is projected to contract significantly in 2023, the worst, both in terms of growth and inflation, seems to be behind us
Chaudhry also advised some caution to be exercised by the system as it witnesses a high growth at present, saying decisions made today should not haunt 5-7...
Speaking at an event organised by the International Monetary Fund (IMF), he said rising levels of debt, alongside sustained price pressures, pose risks to the...
Shaktikanta Das said that both UPI and CBDC could be two areas for international cooperation on digitisation
Food and energy supplies and prices are under strain, debt distress is staring at many emerging market and developing economies, and every economy is grappling...
