"rbi"

Wholesale price-based inflation remained in the negative territory for the fifth straight month in August at (-)0.52 per cent

The Consumer Price Index (CPI) based inflation was at 7.44 per cent in July and at 7 per cent in August 2022, as per the data released by the National Statistical Office (NSO) on Tuesday.

The reappointment of Bakhshi will be effective from October 4, 2023, till October 3, 2026, ICICI Bank said in a regulatory filing.

The official said there are risks associated with cryptocurrencies as there are the same set of entities who act as depository and clearing systems, unlike that in the stock market.

The frictionless credit initiative being piloted by the Reserve Bank is helping lenders slash their customer acquisition cost by a whopping 70 per cent

Reserve Bank is likely to launch the pilot of Central Bank Digital Currency for transactions for interbank borrowing or call money market by October

As much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.

Reserve Bank has given its nod for appointment of Dipak Gupta as interim Managing Director and CEO of Kotak Mahindra Bank following the resignation of Uday Kotak

According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.

The Reserve Bank has been mandated to maintain price stability, keeping in mind the objective of growth. Price stability has been numerically defined as maintaining a headline CPI inflation target of 4.0 per cent with a tolerance band of +/- 2 per cent.

India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn

The ministry apprised the Parliamentary panel that delays are typically longer for renewable developers than conventional generating companies, even if they are within the same utility.

Bank credit to housing as well as commercial real estate witnessed nearly 38 per cent annual growth in July

Reserve Bank Governor Shaktikanta Das on Friday said the central bank expects inflation to moderate from September onwards

The Central Board of Directors of the Reserve Bank of India on Friday reviewed the global and domestic economic situation and associated challenges.

Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules.

An Account Aggregator (AA), a RBI-regulated Non-Banking Finance Company (NBFC), helps an individual securely and digitally access and share information from one financial institution they have an account with to any other regulated financial institution in the AA network.

He also stressed that the Board's role is pivotal in establishing a robust IT and cybersecurity infrastructure and availability of requisite skills at the bank level.

Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners.

Processing of farm loans takes three to four weeks and the cost incurred is about 6% of the loan amount sanctioned