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RBI To Phase Out Rs 500 Notes By 2026? Here Is A Fact Check
The Press Information Bureau's Fact Check clarified that the RBI has issued no such directive and that Rs 500 notes remain legal tender.
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CBI To Question Bank Staff In Rs 8.5 Lakh Mule Account Cyber Fraud Case
The CBI will start questioning bank officials under scanner for allegedly facilitating the operations of 8.5 lakh mule accounts in a "pan India conspiracy" with cyber crime syndicates to launder crime proceeds, agency officials said.
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India Posts Current Account Surplus Of $13.5 Billion In Q4FY25: RBI Data
India posted a current account surplus of USD 13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with USD 4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI
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India's Forex Reserves Rise $2.29 Billion To $698.95 Billion
India's forex reserves rose USD 2.294 billion to USD 698.95 billion for the week ended June 13, the RBI said on Friday.
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RBI Cuts Repo Rate To 5.50%: What This Means
The repo rate is the interest rate at which the RBI lends money to commercial banks.
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How Much Will Home Loan EMI Drop After RBI's Repo Rate Cut
If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India's latest move.
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Sensex Up By 700 Points After RBI Cuts Repo Rate By 50 Basis Points
The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut from 6 per cent to 5.5 per cent and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent.
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RBI Surprises With Double Rate Cut Than Expected: What It Means For EMIs
The Reserve Bank of India (RBI) has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5% as inflation softens within its comfort level.
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US Dollar Weakness Opens Door For RBI To Further Cut Repo Rates: Report
The weakness in the US dollar has created real room for the Reserve Bank of India (RBI) to lower interest rates further by up to 75 basis points (bps) by the end of calendar year 2025, as per a report by global financial services firm Jefferies.
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India's Real GDP Growth Projected At 6.5% In FY 2025-26: RBI
The real GDP growth for India in FY 2025-26 is projected at 6.5 per cent, with risks evenly balanced, the Reserve Bank of India (RBI) said on Thursday.
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India Poised To Remain Fastest Growing Major Economy In FY26: RBI
The country is poised to remain the fastest growing major economy in the world even in FY26, the Reserve Bank said on Thursday.
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Indian Economy Remains Resilient Amid Trade Tensions, Policy Uncertainty: RBI Report
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).
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RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
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Banks Likely To Reduce Interest Rates After RBI's Repo Rate Cut: Report
With the RBI's 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.
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RBI Cuts Repo Rate For 2nd Time To 6%. Here's What It Means
The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, bringing it down from 6.25% to 6% - a move expected to ease borrowing costs for individuals and businesses.
![Gadgets 360 With Technical Guruji: News of the Week [August 17, 2024]](https://c.ndtvimg.com/2024-03/lmepem8s_news-of-the-week_640x480_09_March_24.jpg?downsize=245:163 "Gadgets 360 With Technical Guruji: News of the Week [August 17, 2024]")
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RBI To Phase Out Rs 500 Notes By 2026? Here Is A Fact Check
The Press Information Bureau's Fact Check clarified that the RBI has issued no such directive and that Rs 500 notes remain legal tender.
-
CBI To Question Bank Staff In Rs 8.5 Lakh Mule Account Cyber Fraud Case
The CBI will start questioning bank officials under scanner for allegedly facilitating the operations of 8.5 lakh mule accounts in a "pan India conspiracy" with cyber crime syndicates to launder crime proceeds, agency officials said.
-
India Posts Current Account Surplus Of $13.5 Billion In Q4FY25: RBI Data
India posted a current account surplus of USD 13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with USD 4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI
-
India's Forex Reserves Rise $2.29 Billion To $698.95 Billion
India's forex reserves rose USD 2.294 billion to USD 698.95 billion for the week ended June 13, the RBI said on Friday.
-
RBI Cuts Repo Rate To 5.50%: What This Means
The repo rate is the interest rate at which the RBI lends money to commercial banks.
-
How Much Will Home Loan EMI Drop After RBI's Repo Rate Cut
If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India's latest move.
-
Sensex Up By 700 Points After RBI Cuts Repo Rate By 50 Basis Points
The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut from 6 per cent to 5.5 per cent and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent.
-
RBI Surprises With Double Rate Cut Than Expected: What It Means For EMIs
The Reserve Bank of India (RBI) has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5% as inflation softens within its comfort level.
-
US Dollar Weakness Opens Door For RBI To Further Cut Repo Rates: Report
The weakness in the US dollar has created real room for the Reserve Bank of India (RBI) to lower interest rates further by up to 75 basis points (bps) by the end of calendar year 2025, as per a report by global financial services firm Jefferies.
-
India's Real GDP Growth Projected At 6.5% In FY 2025-26: RBI
The real GDP growth for India in FY 2025-26 is projected at 6.5 per cent, with risks evenly balanced, the Reserve Bank of India (RBI) said on Thursday.
-
India Poised To Remain Fastest Growing Major Economy In FY26: RBI
The country is poised to remain the fastest growing major economy in the world even in FY26, the Reserve Bank said on Thursday.
-
Indian Economy Remains Resilient Amid Trade Tensions, Policy Uncertainty: RBI Report
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).
-
RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
-
Banks Likely To Reduce Interest Rates After RBI's Repo Rate Cut: Report
With the RBI's 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.
-
RBI Cuts Repo Rate For 2nd Time To 6%. Here's What It Means
The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, bringing it down from 6.25% to 6% - a move expected to ease borrowing costs for individuals and businesses.
