Reserve Bank Of India

In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas.

The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.

The Reserve Bank of India (RBI) announced its decision on key policy rates today following the conclusion of its three-day Monetary Policy Committee (MPC) meeting headed by Governor Shaktikanta Das.

The Reserve Bank of India today kept the key lending rate unchanged at 6.5 percent.

From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said on Monday while calling for leveraging learnings from India.

The Reserve Bank's rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5 per cent.

Benchmark stock indices faced heavy volatility in early trade on Tuesday and were trading lower as investors preferred to stay on the sidelines ahead of the Reserve Bank of India's interest rate decision later this week.

India's overall foreign exchange reserves declined by USD 4.339 billion to USD 589.138 billion in the week that ended on May 26, 2023, data released by the Reserve Bank of India on Friday showed.

The Deputy Governor of the Reserve Bank of India (RBI) Mahesh Kumar Jain has predicted that technologies like blockchain and artificial intelligence (AI) would be part of the future of finance. In a recent meeting with banking directors, Jain said the adoption of AI and blockchain will ensure India is stable in financial systems.

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.

In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas.

The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.

The Reserve Bank of India (RBI) announced its decision on key policy rates today following the conclusion of its three-day Monetary Policy Committee (MPC) meeting headed by Governor Shaktikanta Das.

The Reserve Bank of India today kept the key lending rate unchanged at 6.5 percent.

From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said on Monday while calling for leveraging learnings from India.

The Reserve Bank's rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5 per cent.

Benchmark stock indices faced heavy volatility in early trade on Tuesday and were trading lower as investors preferred to stay on the sidelines ahead of the Reserve Bank of India's interest rate decision later this week.

India's overall foreign exchange reserves declined by USD 4.339 billion to USD 589.138 billion in the week that ended on May 26, 2023, data released by the Reserve Bank of India on Friday showed.

The Deputy Governor of the Reserve Bank of India (RBI) Mahesh Kumar Jain has predicted that technologies like blockchain and artificial intelligence (AI) would be part of the future of finance. In a recent meeting with banking directors, Jain said the adoption of AI and blockchain will ensure India is stable in financial systems.

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.