Rbi Reserves

The Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.

Inflation's upward pressures in the country on food items receded in the second half of the year 2022-23, with the robust kharif harvest and seasonal fresh crop arrivals as well as some easing in global food prices, the Reserve Bank of India said.

Reserve Bank of India is working on a light weight and portable payment system, a "bunker equivalent in payment systems", that can be used for critical transactions during catastrophic events like natural calamities and war.

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.

RBI said India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the mid-term.

The Reserve Bank of India (RBI) has released the list of bank holidays for this month.

The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday.

2,000 Notes Withdrawn: The Delhi High Court on Monday dismissed a plea challenging notifications enabling exchange of Rs 2,000 currency notes without any requisition slip and ID proof.

After the Reserve Bank of India's decision to withdraw Rs 2000 notes, one meat shop in Delhi cleverly utilised this announcement to increase its sales.

Reserve Bank Governor Shaktikanta Das today said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency and the war on inflation will continue.

India's gross domestic product in the financial year 2022-23 could be more than the estimated 7 per cent, said Reserve Bank of India governor Shaktikanta Das.

The inflation has moderated, but the central bank cannot be complacent towards easing price pressures yet as potential weather-related uncertainties linger, the governor of the Reserve Bank of India said on Wednesday.

Reserve Bank of India Governor Shaktikanta Das today stressed that the entire process of withdrawal of Rs 2,000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly.

The Reserve Bank of India (RBI) today told the Delhi High Court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience.

India's economy has sustained the growth momentum seen in the last fiscal quarter of 2022/23, while latest inflation outcome has been better than forecast, the Reserve Bank of India said on Monday.

The Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.

Inflation's upward pressures in the country on food items receded in the second half of the year 2022-23, with the robust kharif harvest and seasonal fresh crop arrivals as well as some easing in global food prices, the Reserve Bank of India said.

Reserve Bank of India is working on a light weight and portable payment system, a "bunker equivalent in payment systems", that can be used for critical transactions during catastrophic events like natural calamities and war.

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.

RBI said India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the mid-term.

The Reserve Bank of India (RBI) has released the list of bank holidays for this month.

The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday.

2,000 Notes Withdrawn: The Delhi High Court on Monday dismissed a plea challenging notifications enabling exchange of Rs 2,000 currency notes without any requisition slip and ID proof.

After the Reserve Bank of India's decision to withdraw Rs 2000 notes, one meat shop in Delhi cleverly utilised this announcement to increase its sales.

Reserve Bank Governor Shaktikanta Das today said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency and the war on inflation will continue.

India's gross domestic product in the financial year 2022-23 could be more than the estimated 7 per cent, said Reserve Bank of India governor Shaktikanta Das.

The inflation has moderated, but the central bank cannot be complacent towards easing price pressures yet as potential weather-related uncertainties linger, the governor of the Reserve Bank of India said on Wednesday.

Reserve Bank of India Governor Shaktikanta Das today stressed that the entire process of withdrawal of Rs 2,000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly.

The Reserve Bank of India (RBI) today told the Delhi High Court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience.

India's economy has sustained the growth momentum seen in the last fiscal quarter of 2022/23, while latest inflation outcome has been better than forecast, the Reserve Bank of India said on Monday.