"reserve-bank-of-india"

RBI proposes to reduce clearing cycle by introducing continuous clearing with 'on-realisation-settlement' in Cheque Truncation System

Keeps growth projection unchanged at 7.2 per cent for the current fiscal

Sensex sheds 325.97 points to 79,142.04, Nifty dips 99.1 points to 24,198.40

Opens at 83.94 against the greenback, touches 83.93, registering a rise of 2 paise over its previous closing price

Reporting within 1 to 3 hours increases chances of recovering lost money

Forex traders expect the USD/INR pair to stay within a narrow range due to balanced dollar demand from foreign investors and oil companies, matched by supply from the Reserve Bank of India (RBI).

Rise in prices of food articles, especially vegetables and manufactured items, fuels increase

Says bank failed to preserve records pertaining to identification of customers and their addresses obtained during course of business relationships in certain accounts

Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India’s UPI (Unified Payments Interface), with the fast payment systems of ASEAN members -- Malaysia, Philippines, Singapore, and Thailand.

RBI Governor Shaktikanta Das said on Friday that this will enable customers to automatically replenish the balances in Fastag, NCMC, etc. if the balance goes below the threshold limit set by them. This will enhance convenience in making travel-related payments.

On one hand, there are optimistic projections of economic growth while on the other, there is an undeniable fact of shrinking job opportunities

This is the first time since 1991 that India has undertaken such a large-scale overseas transfer of gold reserves.

The decision was taken at Apex Bank's 608th meeting of the Central Board of Directors. Presided over by RBI Governor Shaktikanta Das, the board reviewed the global and domestic economic scenario, including risks to the outlook.

The police across the country, including Telangana, has been receiving complaints from victims of such frauds.

Food inflation could ease if the monsoon turns favourable this year, as IMD weather forecasts suggests. Weather risks and the uptick in crude oil prices will be key to growth.

Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), it said.

"Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday)," the order states.

For the week ended March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 billion, the data said.

The MoU was signed here for establishing a framework to promote the use of local currencies for cross-border transactions, RBI said in a statement

The company shall, however, continue to service its existing loan accounts through the usual collection and recovery process.