RBI board reviews economic outlook; global and domestic challenges discussed, new MPC nomination cleared
During its 618th meeting in Lucknow, the RBI’s central board assessed the global and domestic economic situation, considering geopolitical risks and financial market trends. The ...
Banking reforms: RBI to enable cheque clearance within hours from October 4, phased plan to cut settlement delays
The Reserve Bank of India is set to launch a faster cheque clearance system on October 4, 2025. This new system will significantly reduce the ...
Financial inclusion must focus on literacy, not just access: RBI deputy governor
RBI Deputy Governor Swaminathan Janakiraman emphasized that financial inclusion extends beyond banking access, focusing on empowering individuals through financial literacy for improved lives and economic ...
Settling claims to get easier for heirs of deceased clients
The Reserve Bank of India is set to streamline the process for banks to release funds and valuables of deceased customers, establishing a uniform procedure ...
‘To make settlement simpler’: RBI to simplify claims process for deceased customers’ nominees; banks launch re-KYC drive for Jan Dhan accounts
RBI Governor announced measures to simplify claim settlements for deceased customers’ accounts and lockers, alongside a re-KYC drive for PMJDY accounts via panchayat-level camps. The ...
RBI likely to hold repo rate at 5.5% amid growth concerns, subdued inflation – Experts
Following three consecutive rate cuts, the Reserve Bank of India is expected to maintain the repo rate at 5.5 per cent in its upcoming monetary ...
More rate cuts ahead? What finance ministry’s latest report hints, inflation dips below RBI’s 4% target
The finance ministry suggests the RBI has scope for further interest rate cuts, as inflation remains below the 4% target, reaching a six-year low of ...
Forex kitty update: Reserves drop $3.06 billion to $696.67 billion; second weekly decline in a row
India’s Forex Reserves: A Dip in the Ocean, or a Sign of the Tides Turning? India’s foreign exchange reserves, often called the forex kitty, experienced ...
RBI reserves this week: Forex reserves dip by $3.06 billion to $696.67 billion, SDRs and IMF position also lower
India’s foreign exchange reserves experienced a decline of $3.064 billion, reaching $696.672 billion in the week ending July 11, marking the second consecutive weekly drop. ...
RBI outlook to Parliament panel: Malhotra says economy strong; Rs 2,000 notes still legal but out of circulation
RBI Governor Sanjay Malhotra briefed the Parliamentary Committee on Finance, highlighting the Indian economy’s resilience amidst global challenges. He addressed concerns about the status of ...
