RBI announces unchanged repo rate of 5.25 % in first policy meeting following the Budget
The Reserve Bank of India (RBI) will continue with the same repo rate of 5.25 % as decided in the first monetary policy meeting of the year, following the 2026…
4.16 acre plot in Nariman Point sold by MMRCL to RBI at Rs 3,472 crores
The Reserve Bank of India (RBI) has completed the purchase of a 4.16-acre plot of land at Nariman Point, one of Mumbai’s most prominent business districts, for Rs 3,472 crore.…
Shaktikanta Das Takes Charge as Prime Minister’s Principal Secretary
Former Governor of the Reserve Bank of India, Shaktikanta Das, has been appointed Principal Secretary to Prime Minister Narendra Modi-a decision made public in an official government notification, which further…
Chaos erupted as RBI imposed curbs on Mumbai-based New India Co-operative Bank
On 14th February, New India Co-operative Bank, Bandra, denied the authority to give or accept funds by the Reserve Bank of India which led to a chaotic situation outside the…
Retail Inflation at a four-month low in December 2024: National Statistics Office
Retail inflation softened to a four-month low of 5.22% in December 2024, primarily because of the decrease in food items, particularly vegetables, the National Statistics Office said on Monday. This…
Speculations Arise on Repo Rate Cut with Upcoming MPC Meet
All eyes are on the Reserve Bank of India’s upcoming Monetary Policy Committee (MPC) meeting from October 7, 2024 to October 9, 2024, as the country’s banking regulator is set…
RBI issues a Halt to Paytm Payments Bank
The Reserve Bank of India has mandated Paytm Payments Bank to halt its business. Post 29th February 2024, no transactions will be allowed or facilitated through Paytm Payments Bank's products.…
October 7 decided as the last date to exchange INR 2000 notes
2000 rupee note withdrawn as per the ‘Clean Note Policy’. The highest denomination note after serving its purpose post-demonitisation will still remain as a legal tender
Credit Card usage grows, while Incomes stagnate
According to the Reserve Bank of India (RBI), credit card usage has grown to an all-time high in India. This record-high spending of borrowed money has led to speculations of…
Fitch Maintains India’s FY24 Growth Prediction at 6.3%, Highlights Concerns About Inflation
Fitch Ratings has maintained its growth forecast for India's current fiscal year at 6.3 percent, citing the nation's remarkable economic resilience, despite the imposition of tighter monetary policies and a…