December 6, 2024 Today RBI Reserve Bank of India has decided to retain the repo rate unchanged at 6.5%, Governor Shaktikanta Das announced. For the 11th consecutive time the repo rate has remained unchanged at 6.5%. Meanwhile, the RBI cut the CRR cash reserve ratio by 50 basis points to 4%. This comes at a […]
Releases commemorative coin to mark 90 years of RBI “RBI plays a pivotal role in advancing our nation’s growth trajectory” “RBI has witnessed both the pre and post-independence eras and has created an identity around the world based on its professionalism and commitment” “Today we have reached a point where the Indian banking system is […]
Mr Abheek Barua, Chief Economist, HDFC Bank, on the monetary policy commented of the RBI policy, which was status quo as the central bank kept its policy rate and stance unchanged, as expected. However, the RBI seemed less hawkish on liquidity management compared to the previous policy which could be seen as a signal of […]
RBI Reserve Bank of India has decided to withdraw Rs 2,000 currency notes from circulation. However, the notes will continue as legal tender, the central bank said in a circular on Friday. The RBI has advised banks to stop issuing Rs 2,000 currency notes with immediate effect. In a circular, the central bank said that […]
Ahmedabad, April 20, 2023: The Reserve Bank of India has approved the appointment of Mr Kaizad Bharucha as the Deputy Managing Director and Mr Bhavesh Zaveri as Executive Director of HDFC Bank for a period of three years,with effect from April 19, 2023. A meeting of the Board of Directors of the Bank will be […]
Supreme Court is likely to give its judgement today on petitions challenging government’s decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore wort h of money was wiped out of circulation overnight because of the move.Fifty-eight petitions were filed in the apex Court challenging the notes ban, […]
Loan interest cannot be fully forgiven in the wake of Coronavirus epidemic Loan moratorium case.RBI Reserve Bank of India not to be put under pressure Not only the company but also the government has been harmed in the epidemic.Today Supreme Court of India refused to extend the six-month loan moratorium period offered by the Reserve […]
In wake of prevailing Covid-19 outbreak, Reserve Bank of India RBI cuts Repo rate by 40 bps to 4% from 4.4%.Reverse repo rate reduces by 40 bps to 3.35% from 3.75%. Inflation outlook uncertain. GDP Growth for FY may see a sharp fall even may go negative . A big concern says RBI Guv Shaktikanta […]
Former Prime Minister of India, former RBI Reserve Bank of India and former Finance Minister of India Manmohan Singh said that the GDP growth rate of 4.5% was unacceptable and worrisome, and urged his successor to set aside “deep-rooted suspicion” of society and nurse India back to harmonious, mutually trustworthy society that can help the […]
RBI Reserve Bank of India Deputy Governor Viral Acharya has resigned 6 months ahead of the scheduled end of his term to return to New York University Stern School of Business (NYU stern) in August as CV Starr Professor of Economics. A few weeks ago, Dr Acharya gave a letter to the RBI stating that […]
