"rbi"

The penalty has been levied by the RBI under the relevant sections of the Reserve Bank of India Act, 1934

Governor Das discussed the multifaceted challenges confronting the global economy, emphasizing the intricate balance required in policymaking

In an article on the state of economy, the bulletin said that in India, a broad-based gaining of momentum is discernible in high frequency indicators.

India is yet to put in place the Data Protection Authority that would oversee the range of privacy compliance by institutions

Brent crude futures, the global oil benchmark, advanced 0.41 per cent to USD 90.02 per barrel.

India must strike a balance between utilising debt as a financial tool and ensuring fiscal sustainability

Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The last date was later extended to October 7.

RBI's ban on onboarding customers via BOB World can affect the growth trajectory of Bank of Baroda in the retail product segments over the near term.

The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023 - the date on which RBI decided to withdraw the banknote.

The intent behind the large exposure framework is essentially to limit the exposures to a single entity or group as it poses a potentially higher risk in case of a business setback

RBI Governor Shaktikanta Das said the central bank is concerned and it has identified high inflation as a major risk to macro-economic stability and sustainable growth

The UDGAM portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.

Forex traders said the rupee consolidated in a narrow range as investors preferred to stay on the sidelines ahead of the Reserve Bank of India's rate decision.

He said the RBI would focus more on inflation given that growth is strong right now, adding oil price movements need to be watched carefully, too.

Congress alleged that a vast majority of Indian families are facing "extreme levels of Modi-made economic distress"

The ECL approach to provisioning is a paradigm shift from the existing provisioning regime based on incurred losses.

RBI typically conducts six bi-monthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators

Extension of the deadline appears to be aimed at providing more time for people to return or exchange the notes without any hassles.

Come October 1, the note will be just another piece of paper with no value. This comes months after the central bank announced that the Rs. 2000 notes will be taken out of circulation.

As per the data, reserve assets accounted for 64.2 per cent of India's international financial assets at the end of the June quarter.