RBI MPC minutes: Nagesh Kumar targeted 50 bps rate cut amid economy slowdown, but…
Global uncertainties pushed Dr. Nagesh Kumar to go for a 25 basis points rate cut during the February RBI MPC. The external ...
India's central bank weighs some relief for New India Co-op Bank depositors, sources say
The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special ...
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RBI Proposes End to Penalties on Floating Rate Loan Pre-Payments
The Reserve Bank of India (RBI) has proposed eliminating foreclosure and pre-payment penalties on floating rate loans for individuals and micro, small enterprises. The draft aims to promote ...
UPI emerges as dominant force driving financial inclusion in India
UPI transactions surged 4 times from 2021 to 2024, reaching 172 billion transactions annually. It now dominates digital ...
India's rate panel shifts focus to growth as inflation seen easing, minutes show
India's inflation is seen aligning with the target of 4%, which opens up space for monetary policy to address concerns on the ...
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RBI's Strategic Moves: Balancing Growth and Inflation Amid Economic Challenges
RBI Governor Sanjay Malhotra highlights positive budget aspects for price stability, targeting a 4.2% inflation rate by ...
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RBI To Use AI, ML Tools To Predict Market Behaviour, Detect Abnormal Activities
The RBI is examining proposed models for ‘predictive’ analysis of the markets, particularly the use of AI and machine ...
India Cancels $3 Billion of Treasury Bill Sale Amid Tight Cash
India’s central bank did not accept any bids for 91 and 182-day treasury bills in an auction Thursday amid a cash squeeze in the nation’s banking system.
Will India be spared from Trump tariffs? RBI has an answer
The RBI highlights concerns about the impact of global trade tensions and protectionist policies on India. Despite tariffs ...
New India Co-operative Bank update: Will RBI give some relief to depositors?
The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...