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The Appointments Committee of the Cabinet has approved the re-appointment of Rabi Sankar for a period of one year with effect from May 3, 2025, or until further orders

By adopting an accommodative stance, the RBI's Monetary Policy Committee has signalled a shift in priorities from inflation containment to growth revival

The RBI Governor’s remarks came at a media briefing on being asked if more interest rate cuts are in the offing

Once thriving, kiosks exchanging damaged currency now dwindle, as digital payments reduce cash use

The post of the Deputy Governor of RBI fell vacant after M D Patra demitted office in January.

Speaking at the closing ceremony of the commemoration of 90th year of Reserve Bank of India, President Murmu lauds RBI for taking proactive measures to strengthen and safeguard a secure banking environment

The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated it is considering filing an appeal against the GST order

This means customers who rely on ATMs for their financial transactions will have to pay additional charges once they exceed their free transaction limit.

Prior to his promotion as ED, Indranil Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI

In its statement, the RBI emphasised that depositors should not react to speculative reports, as the bank’s financial position remains sound and is under its close monitoring

The design of these notes is similar in all respects to Rs 100 and Rs 200 banknotes in Mahatma Gandhi (New) Series, RBI said in a statement

Lender’s stocks plunge over 26 per cent eroding Rs 14,000 crore in market value on March 11, net worth expected to decline by nearly Rs 2,100 crore

There cannot be such cut, copy and paste... There has to be some application of mind, says Bombay High Court slamming banks for passing orders declaring accounts as ‘defaulter’ or ‘fraud’

The revised rates apply to home loans, car loans, education and personal loans, among others

The bank has been barred from accepting new deposits or allowing withdrawals, leaving account holders in distress

The bank has kept the repo rate unchanged at 6.5 per cent since February 2023; the last time the RBI had reduced the rate was during Covid times and thereafter, it was gradually raised to 6.5 per cent

Post the FDI nod, company awaits RBI approval for aggregator licence

This massive borrowing spree is likely to not only shatter the State's budgetary estimates but also push its debt burden perilously close to the liabilities Telangana inherited at its formation in 2014

The RBI had announced the withdrawal of Rs 2000 notes on May 19, 2023 and the circulation of notes has drastically come down from Rs 3.56 lakh crore to Rs 6,691 crore as of December 31, 2024

Building institutions with compassionate leadership is also crucial to retaining and nurturing talent