Reserve Bank of India

RBI urges banks to step up efforts to return crores in unclaimed deposits
Business

RBI urges banks to step up efforts to return crores in unclaimed deposits

The Reserve Bank of India (RBI) has urged banks to intensify efforts to identify and return unclaimed deposits of over…
GST reforms can further lower inflation, allow RBI to cut repo rate by another 25 bp this year
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GST reforms can further lower inflation, allow RBI to cut repo rate by another 25 bp this year

The GST tax rate cuts can further lower inflation if companies pass on all benefits to the consumers, allowing the…
SBI asks RBI to allow banks to finance acquisitions
Business

SBI asks RBI to allow banks to finance acquisitions

State Bank of India (SBI), the country’s largest lender, has requested the Reserve Bank of India (RBI) to allow banks…
Only 1.69 pc of Rs 2,000 banknotes worth Rs 6,017 crore yet to return to RBI: Minister
News

Only 1.69 pc of Rs 2,000 banknotes worth Rs 6,017 crore yet to return to RBI: Minister

Only 1.69 per cent of the Rs 2,000 banknotes were yet to be returned to the Reserve Bank of India…
RBI may cut repo rate if GDP further declines
Business

RBI may cut repo rate if GDP further declines

The Reserve Bank of India’s Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls…
Banks to clear cheques within few hours starting October 4: RBI
Business

Banks to clear cheques within few hours starting October 4: RBI

The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October…
India’s CPI inflation plunges to 8-year low of 1.55 pc
Business

India’s CPI inflation plunges to 8-year low of 1.55 pc

India’s inflation rate based on the Consumer Price Index (CPI) eased further to 1.55 per cent in July this year,…
Banks free to decide on minimum account balance: RBI Governor on ICICI Bank hike
Business

Banks free to decide on minimum account balance: RBI Governor on ICICI Bank hike

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will…
RBI deputy governor bats for financial literacy alongside banking access
Business

RBI deputy governor bats for financial literacy alongside banking access

Reserve Bank of India (RBI) Deputy Governor Swaminathan Janakiraman on Saturday highlighted that true financial inclusion goes beyond expanding banking…
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