RBI

News and Trends

RBI Launched MuleHunter.ai to Curb Financial Frauds

It is expected to significantly reduce fraud cases, said RBI Governor Shaktikanta Das

Technology

How Cloud Technology will Transform the Banking Industry

The Indian cloud services market, valued at USD 8.3 billion in 2023 and projected to grow to USD 24.2 billion by 2028, is currently dominated by international providers. With this initiative, the RBI seeks to boost domestic players and enhance India's digital sovereignty.

News and Trends

RBI Keeps Repo Rate Unchanged at 6.50%; Stance at Being "Neutral"

The committee unanimously agreed to shift to a 'neutral' stance, with a clear focus on achieving sustained alignment of inflation with the target, while continuing to support economic growth

News and Trends

Bank Deposit Growth Surpasses Credit Expansion: Report

Year-over-year (YoY), credit grew by 13.4 per cent, a significant reduction from the 19.8 per cent growth recorded in the same period last year.

News and Trends

Fintechs Need To Prioritise Social and Macro-economic Interest: T Rabi Sankar Of RBI

It is only the SRO that can inculcate such a culture, said Rabi Sankar

News and Trends

Repo Rate Unchanged, Alternative Investment Uptick, Continuous Clearing of Cheques, and More

This was the 50th meeting of the Monetary Policy Committee which kept the repo rate unchanged while making new announcements

News and Trends

Indian Digital Currency CBDC Touched 5 mn User Mark: RBI Report

As part of the ongoing phase IV, CBDC is expected to play a big part in cross-border payments

News and Trends

Cashfree Payments Secures RBI License for Cross-Border Payments

The company's International Payment Gateway allows merchants to accept payments from 180 countries in 30 currencies through various methods, including cards, PayPal, ACH, and local payment systems.

News and Trends

RBI's Digital Rupee: What's the Status and Where is it Headed?

Notably, in its annual report, RBI hinted that CBDC was gradually gaining traction in the retail segment

News and Trends

RBI Keeps Repo Rate Unchanged at 6.5% for 8th Consecutive Time

This is the first RBI policy after the Lok Sabha election results of 2024

News and Trends

RBI Gives Merger Approval of Fincare Small Finance Bank with AU Small Finance Bank

The merger will go into effect on April 1, 2024. AU would gain a presence in southern India and an entry into microfinance with the deal. The merged bank will have 2334 branches and AU's gross advances are Rs 67,624 crore.

News and Trends

RBI Keeps Repo Rate Unchanged for 6th Time for FY24

The previous change in the key rate took place last February when the apex body hiked the repo rate by 25 basis points to 6.50 per cent from 6.25 per cent

News and Trends

Repo Rate Kept Unchanged for 5th Time by RBI this Fiscal Year

The previous change in the key rate took place in February 2023 when RBI hiked the repo rate by 25 basis points to 6.50 per cent from 6.25 per cent

News and Trends

RBI Keeps the Repo Rate Unchanged for the 4th Time this Fiscal Year

The MPC kept the Repo Rate unchanged for a total of four MPC meetings this year so far. The previous change in the key rate took place in February 2023 when RBI hiked the repo rate by 25 basis points to 6.50 per cent.

News and Trends

RBI Raises Transaction Limit For Small Value Payments In Offline Mode

According to RBI, an offline payment means a transaction that does not require internet or telecom connectivity