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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.

India's external debt rose marginally to USD 629.1 billion at June-end 2023, although the debt-GDP ratio declined

The Reserve Bank of India cancelled the licence of the bank as the bank does not have adequate capital and earning prospects.

The governor had agreed to convene this special meeting on 30 or 31 August subject to 'all directors attending it', the memoir published by Harper Collins said.

Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders should improve the governance standards, avoid related-party transactions and focus on credit risks, among others.

Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting

The RBI identifies 'wilful defaulters' as those who have the ability to pay a bank's dues but do not or divert bank funds.

The savings figure for 2021-22 was also scaled down to 7.2 per cent of GDP from 7.6 per cent of GDP (and as much as 8.3 per cent of GDP, as per RBI's first estimates released in September 2022).

HDFC AMC holds a 4.49 per cent stake in Kerala-based Federal Bank, and a 4.68 per cent stake in Equitas Small Finance Bank as of June 30, 2023.

RBI is considering a proposal to bring the manufacturing of solar panels under priority sector lending by banks as part of the country's big push to green energy

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.