Wed, Jan 01, 2025
The Reserve Bank on Wednesday said 98.12 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,691 crore worth such notes are still with the public.
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Discover how RBI’s 2025 guidelines target dormant, inactive, and zero-balance accounts to enhance banking security and reduce fraud risks in this comprehensive photo gallery. (Images: Unsplash, Pixabay)
Tue, Dec 31, 2024
The net NPA ratio was around 0.6 per cent, according to the RBI's December 2024 issue of the Financial Stability Report (FSR).
Thu, Jun 08, 2023
When it comes to your home loan EMI, can you expect good news from the RBI anytime soon? The central bank has once again maintained a status quo on the repo rate — the benchmark rate that determines the interest you pay on your home loan — and left its policy stance unchanged, as widely expected.
The RBI's monetary policy committee (MPC) left the repo rate at 6.50 per cent for a second straight meeting.
The MPC forecast was 5.1 per cent for 2023-24 taking into account the rabi crop harvest/monsoon projections and favourable near-term inflation trend.
Share Bazar LIVE: Today is an important day for the stock market of India. Reserve Bank of India is going to announce new monetary policy. Today's special offer of Zee Business in the stock market, know what the global market and India's figures say.
Tue, Jun 06, 2023
A recent report by Bank of Baroda reveals that Indian banks have maintained steady lending strength, despite aggressive hikes in the repo rate by the Reserve Bank of India (RBI) in FY2023. Borrowing continues to rise, propelled by robust demand, as bank lending growth increased to 15.9 per cent in April 2023.
The three-day RBI MPC meeting has started on Jun 6 and will end on Jun 8. In this meeting, the central bank will take a decision on the future interest rate in the country. In its last bi-monthly review, the RBI's all-powerful MPC decided to keep interest rates on hold, halting a cycle of tightening monetary policy after lifting the repo rate by a total 250 basis points to 6.5% in six revisions starting May 2022.
Mon, Jun 05, 2023
RBI MPC meeting schedule 2023: The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts.
Fri, Jun 02, 2023
RBI is planning to introduce a lightweight payment and settlement system (LPSS) that can operate from anywhere with minimal staff. The LPSS will be activated on a need basis and will operate independently of existing payment systems, such as RTGS, NEFT, and UPI.
Tue, May 30, 2023
RBI has expressed concern over the banks. RBI said that even after issuing the guidelines, glitches are being found in the corporate governance of banks.
In this video, we will give you information about US Debt Ceiling and its important issues. We'll talk about what could happen tomorrow on the debt ceiling deal and what it could mean. We will talk about how the US market can be affected and why the RBI governor is worried about the banks.
RBI Annual Report 2022-23: The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved at Rs 30,252 crore, showed a Reserve Bank data released on Tuesday.
In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 87.9 per cent of the total value of banknotes in circulation as on March 31, 2023, as compared to 87.1 per cent a year ago.
RBI Governor Shaktikanta Das has said the central bank has come across instances of some banks trying to conceal the real status of their stressed assets and governance issues at certain lenders. He was addressing a conference with directors of private sector lenders in Mumbai. Here are some key takeaways:
Sun, May 28, 2023
The Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary would interview candidates in Delhi, the sources said.
Wed, May 24, 2023
2000 note withdrawal news: Reserve Bank Governor Shaktikanta Das on Wednesday stressed that the entire process of withdrawal of Rs 2000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly.
Tue, May 23, 2023
According to government figures, the unclaimed deposits in banks have reached around Rs 48,000 crores. For this, RBI announced the creation of a centralized portal through which unclaimed money lying in banks can be identified. Today on Money Guru, know how to find your unclaimed bank deposits? Is there any way to get unclaimed money? Is there any way to fix this problem?
Rs 2000 notes exchange, deposit Updates May 23, 2023: People can deposit these notes in bank accounts or exchange them. The deadline to do so is September 30. The Central Bank has already stated that all bank notes in Rs 2,000 denomination will continue to be a legal tender.
Mon, May 22, 2023
Reserve Bank Governor Shaktikanta Das on Monday explained the reason behind the regulator's decision to withdraw Rs 2,000 currency notes from circulation. Click here to know more about why RBI took the decision and key things you need to remember before the September 30 deadline to deposit/exchange the Rs 2,000 currency note.
The Reserve Bank of India has decided to pull Rs 2000 crore notes from circulation. They will, however, remain legal tender. The masses have been asked to exchange them before September 30, 2023. RBI said the denomination wasn't being commonly used for transactions. The RBI found that the notes of other denominations were enough to meet the requirement of the country.
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