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RBI Panel Proposes Fund To Build Homegrown AI Framework For Finance Sector
A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the country's financial sector, while safeguarding it against associated risks, according to a report released on Wednesday.
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2.17 Lakh Fake Currency Notes Detected In Financial Year 2024-25: Government
As many as 2.17 lakh pieces of fake notes of various denominations were detected during 2024-25 compared to 2.23 lakh such notes in the previous year, Parliament was informed on Monday.
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Jan Dhan Account Holders Can Complete Re-KYC Till September 30: RBI
RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC updates, as the government's flagship financial inclusion scheme completed 10 years.
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"Public Prefers Notes Over...": Centre To Court Over Plans To Issue Rs 50 Coins
The Central government informed the Delhi High Court it has no plans to introduce Rs 50 coins at present citing public preference for using banknotes over coins, especially for Rs 10 and Rs 20 denominations.
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India Set To Double Investment Limit For Foreign Individuals: Report
RBI is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters.
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LIC Requests RBI To Introduce 100-Year Government Bonds
Life insurance giant LIC has requested the Reserve Bank to introduce long-term government bonds, including 100-year paper as well, a top official said on Tuesday.
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This Government Bond Made Investors Rich By Nearly 200% In 8 Years
Investors in the Sovereign Gold Bond (SGB) 2016-17 Series IV and 2019-20 Series IV are set for significant returns, with the Reserve Bank of India (RBI) announcing the final redemption price.
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Ex RBI Governor Shaktikanta Das Appointed Principal Secretary To PM
Former Reserve Bank of India Governor Shaktikanta Das has been appointed Principal Secretary to Prime Minister Narendra Modi, a government notification said today.
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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
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India's Inflation Likely To Stabilize Around 4.3 - 4.7% In FY26: Report
The central government has given the RBI the target to maintain inflation between 2 to 6 per cent band.
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Revenue Secretary Sanjay Malhotra Appointed New RBI Governor
Revenue Secretary Sanjay Malhotra has been appointed Governor of the Reserve Bank of India (RBI). He will take charge from Wednesday for three years, the government said in a statement.
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Fact Check: Deepfake Shared As N Sitharaman, RBI Chief Endorsing Investment Project
A video featuring Indian Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das promoting the Government's 'income-generating platform' is being widely shared on social media.
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Retail Inflation Rises To 6.21% In October, Compared To 5.49% In September
Retail inflation rose to 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher food prices, breaching the Reserve Bank of India's (RBI's) upper tolerance level, according to government data released today.
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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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Are Banks Closed For Eid-e-Milad, Ganesh Visarjan Next Week? Details Inside
"Bank Holiday for Eid-e-Milad, Ganesh Visarjan: The RBI and the Maharashtra government have moved the Eid-e-Milad holiday to September 18.
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RBI Panel Proposes Fund To Build Homegrown AI Framework For Finance Sector
A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the country's financial sector, while safeguarding it against associated risks, according to a report released on Wednesday.
-
2.17 Lakh Fake Currency Notes Detected In Financial Year 2024-25: Government
As many as 2.17 lakh pieces of fake notes of various denominations were detected during 2024-25 compared to 2.23 lakh such notes in the previous year, Parliament was informed on Monday.
-
Jan Dhan Account Holders Can Complete Re-KYC Till September 30: RBI
RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC updates, as the government's flagship financial inclusion scheme completed 10 years.
-
"Public Prefers Notes Over...": Centre To Court Over Plans To Issue Rs 50 Coins
The Central government informed the Delhi High Court it has no plans to introduce Rs 50 coins at present citing public preference for using banknotes over coins, especially for Rs 10 and Rs 20 denominations.
-
India Set To Double Investment Limit For Foreign Individuals: Report
RBI is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters.
-
LIC Requests RBI To Introduce 100-Year Government Bonds
Life insurance giant LIC has requested the Reserve Bank to introduce long-term government bonds, including 100-year paper as well, a top official said on Tuesday.
-
This Government Bond Made Investors Rich By Nearly 200% In 8 Years
Investors in the Sovereign Gold Bond (SGB) 2016-17 Series IV and 2019-20 Series IV are set for significant returns, with the Reserve Bank of India (RBI) announcing the final redemption price.
-
Ex RBI Governor Shaktikanta Das Appointed Principal Secretary To PM
Former Reserve Bank of India Governor Shaktikanta Das has been appointed Principal Secretary to Prime Minister Narendra Modi, a government notification said today.
-
Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
-
India's Inflation Likely To Stabilize Around 4.3 - 4.7% In FY26: Report
The central government has given the RBI the target to maintain inflation between 2 to 6 per cent band.
-
Revenue Secretary Sanjay Malhotra Appointed New RBI Governor
Revenue Secretary Sanjay Malhotra has been appointed Governor of the Reserve Bank of India (RBI). He will take charge from Wednesday for three years, the government said in a statement.
-
Fact Check: Deepfake Shared As N Sitharaman, RBI Chief Endorsing Investment Project
A video featuring Indian Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das promoting the Government's 'income-generating platform' is being widely shared on social media.
-
Retail Inflation Rises To 6.21% In October, Compared To 5.49% In September
Retail inflation rose to 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher food prices, breaching the Reserve Bank of India's (RBI's) upper tolerance level, according to government data released today.
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
Are Banks Closed For Eid-e-Milad, Ganesh Visarjan Next Week? Details Inside
"Bank Holiday for Eid-e-Milad, Ganesh Visarjan: The RBI and the Maharashtra government have moved the Eid-e-Milad holiday to September 18.
