RBI: Page 2
IMF Urges Deeper Structural Reforms to Strengthen India's Growth Outlook
As per the report, continued fiscal discipline will be crucial in rebuilding financial buffers, easing debt service, and ensuring macroeconomic stability.
India's Forex Reserves Decline by $2.5 Billion After Three-Week Rise
Foreign currency assets (FCA), which constitute the largest share of the reserves, recorded a sharp fall of $4.515 billion, bringing the total down to $539.591 billion
RBI Repo Rate Cut to Improve Credit Affordability, Boost Big Purchases
The move is expected to boost sectors such as real estate, which depends heavily on loans for its consumers to make a purchase.
RBI to Introduce '.bank.in' Domain to Strengthen Online Banking Security
RBI will also introduce ".fin.in", a dedicated domain for non-banking financial companies (NBFCs) and other financial institutions
UPI is Now India's Favorite Payment System With 83% Share in Digital Payments: Report
UPI's contribution to digital payment volumes skyrocketed from 34 per cent in 2019 to 83 per cent in 2024, reflecting a compound annual growth rate (CAGR) of 74 per cent over five years
RBI Launched MuleHunter.ai to Curb Financial Frauds
It is expected to significantly reduce fraud cases, said RBI Governor Shaktikanta Das
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.
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
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.
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
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
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
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.
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
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