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The highest amount of Rs 2,36,265 crore was written off during FY2018-19 while during 2023-24, banks wrote off bad loans of Rs 1,70,270 crore

There is no such thing as Digital Arrest in the law. Call 1930 for help, says Reserve Bank of India

The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. Meanwhile, gold reserves went up by $1.242 billion to $70.893 billion during the week

Trump tariffs on Canada, Mexico and China trigger fears of trade war

Sitharaman had in her first Budget in 2019 replaced the leather briefcase -- which was in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth

RBI says while in CY-2013, there were 222 crore digital transactions valued at Rs 772 lakh crore, it has increased 94 times in volume and more than 3.5 times in value to over 20,787 crore transactions valued at Rs 2,758 lakh crore in CY-2024

An RBI report says a similar growth trajectory is witnessed in card transactions as well. During CY2024, there were 447.23 crore and 173.90 crore payment transactions worth of Rs 20.37 lakh crore and Rs 5.16 lakh crore through credit and debit cards, respectively

Apart from second and fourth Saturdays and all Sundays, the banks will remain closed on Mahashivaratri

This is the first full Budget of the NDA-III government and it must use its enormous political capital to implement politically difficult structural reforms, says the former RBI Governor

Reserve Bank of India has asked banks to follow two particular phone numbering series for transactional and promotional purposes. The move comes amid a surge in fraud cases

A photo was recently shared on Facebook claiming that Rs 5,000 currency note was about to be released by the Reserve Bank of India. The caption, originally in Hindi, read: “New note of five thousand rupees to be released very soon; RBI gave information”

The strategy of holding gold is primarily aimed at hedging against inflation and reducing foreign currency risks, especially in times of uncertainty triggered by geopolitical tensions

Referring to the recently released Handbook of Statistics on Indian States 2024 by the Reserve Bank of India (RBI), he dismissed claims that Telangana’s interest payments amount to Rs.50,000-Rs 65,000 crore per annum

Raises inflation target to 4.8 per cent from previous projection of 4.5 per cent for current fiscal

As of May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, their total value in circulation was Rs 3.56 lakh crore, with less than 2% of these notes still circulating.

India's gold reserves reached $65.76 billion as of October 4, up from $21.15 billion on December 7, 2018, according to RBI data. Since Shaktikanta Das took office as RBI Governor in December 2018, foreign exchange reserves have also surged by 78%, rising to $701.18 billion as of October 4, compared to $393.74 billion in December 2018.

Forex traders noted that the 84.00 level is serving as a psychological resistance for the USD/INR pair. Market participants are also waiting for cues from the Indian CPI inflation and IIP data, which are set to be released later today.

As per the central bank, the gross bad loan ratio of banks has reached a 12-year low

According to forex traders, the USD/INR pair is anticipated to stay range-bound with a slight bias towards weakness, as foreign investors purchase US dollars and the Reserve Bank of India (RBI) sells the currency.

India's presence in the global gold market remains prominent, with additional contributions from other central banks in February.