National
RBI Holds FY’25 Inflation Forecast at 4.5% Amid Uncertainties in Food Prices
Mumbai, Apr 5 : The Reserve Bank stated on Friday that uncertainties in food prices continue to influence the inflation trajectory, even…
5 Apr 2024
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National
RBI Maintains 7% Growth Projection for FY25
Mumbai, Apr 5 : The Reserve Bank, in its latest announcement, has maintained its GDP growth projection of 7 per cent for…
5 Apr 2024
National
RBI Mandates Card Issuers to Provide Network Choice, Prohibits Restrictive Agreements
New Delhi, Mar 6: The Reserve Bank of India (RBI) has issued a directive aimed at enhancing consumer choice and competition in…
6 Mar 2024
National
RBI Empowers Banks to Issue Pre-Paid Instruments for Seamless Payments in Public Transport Systems
Mumbai, February 23: On Friday, the Reserve Bank granted approval for both banks and non-banking institutions to issue pre-paid instruments (PPIs) designed…
23 Feb 2024
National
RBI Maintains Repo Rates at 6.5% for Sixth Consecutive Time; Projects Inflation at 4.5% for FY24-25
New Delhi : The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to maintain the repo rate at 6.5 percent…
8 Feb 2024
National
RBI Increases UPI Payment Limit to Hospitals and Educational Institutes to Rs 5 Lakh
Mumbai, Dec 8: The RBI made a significant decision on Friday by increasing the UPI payment limit for hospitals and educational institutions…
8 Dec 2023
National
RBI Maintains Repo Rate at 6.5% for the Fifth Consecutive Time
Mumbai, December 8: The Reserve Bank of India (RBI) opted to maintain the policy rate at 6.5 percent for the fifth consecutive…
8 Dec 2023
National
RBI Expresses Concern Over NPAs in Urban Co-Op Banks, Urges Lenders to Prioritize Governance
Mumbai, September 25: RBI Governor Shaktikanta Das expressed concern on Monday over the elevated gross non-performing assets (NPAs) ratio of 8.7 percent…
25 Sep 2023
National
RBI Prohibits Banks from Imposing Penal Interest, Permits ‘Reasonable’ Penal Charges
Mumbai, August 18th: In response to growing concerns regarding the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as…
18 Aug 2023
National
RBI Keeps FY24 GDP Outlook Unchanged at 6.5%, Increases Inflation Projection
Mumbai, August 10: The Reserve Bank of India (RBI) announced on Thursday that it has maintained its GDP growth projection for the…
10 Aug 2023