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RBI Latest News

EoI for IDBI Bank stake sale likely next month

Govt is likely to invite preliminary bids for selling a stake in IDBI Bank next month and the discussions with the RBI are at the final stages

Eight years of systemic reforms increased india’s macroeconomic stability: RBI MPC Member Ashima Goyal

Eight years of systemic economic reforms under the Modi government have increased India's macroeconomic stability and its capacity to withstand...

Inflation ‘unacceptably and uncomfortably’ high: RBI Governor at MPC meet

RBI Governor Shaktikanta Das said the retail inflation is "unacceptably and uncomfortably" high and proposed the 50 basis points hike in repo rate

RBI hikes interest rate by 50 bps to pre-pandemic level

RBI raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation

House panel wants banks to compensate customers hit by cyber fraud

A Parliamentary panel on Wednesday suggested that banks should compensate customers hit by cyber fraud pending investigation by various agencies

There is no collapse of Indian rupee, asserts FM Sitharaman

Finance Minister Sitharaman informed Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if there is volatility

Frauds reported by PSBs decline to Rs 3,204 crore in FY22

The amount involved in fraud cases reported by PSBs has come down to Rs 3,204 crore in the last fiscal from Rs 28,884 crore in 2017-18

RBI to implement digital currency in wholesale, retail segments in phased manner: Official

RBI is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for the wholesale & retail segments

Govt, RBI measures help banks recover bad loans worth over Rs 8.6 lakh crore

Concrete steps taken by the Government and Reserve Bank of India (RBI) helped banks recover bad loans worth over Rs 8.6 lakh crore

RBI imposes restrictions, withdrawal caps on 4 co-op banks

RBI has imposed several restrictions, including a cap on withdrawals for the depositors, on four cooperative banks for six months given their deteriorating financial positions

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