RBI

RBI lets 30 countries open vostro accounts with Indian banks for rupee trade

08 Feb 2025

Reserve Bank of India (RBI) has permitted correspondent banks from 30 countries to open Special Rupee Vostro Accounts (SRVAs) with banks in India

RBI cuts repo rate by 25 bps to 6.25% as economy slows

07 Feb 2025

Reserve Bank of India (RBI) on Thursday announced a 0.25 basis point reduction in its policy repo rate, effective immediately, in a bid to pump liquidity into a slowing economy.

RBI lets HDFC Bank buy up to 9.5% each in AU SFB. Kotak Mahindra and Capital Small Finance Bank

05 Jan 2025

The Reserve Bank of India (RBI) has approved HDFC Bank’s proposal to acquire a 9.5 per cent stake in AU Small Finance Bank, Kotak Mahindra Bank and Capital Small Finance Bank.

Overseas claims on India’s financial assets down $19.8 bn at $348.5 bn in Q2 FY25

02 Jan 2025

Net claims of non-residents on India declined by $19.8 billion to $348.5 billion during fiscal second quarter ended 30 September 2024

RBI’s financial stability report warns banks against masking bad assets

31 Dec 2024

Reserve Bank of India (RBI) in its latest Financial Stability Report has flagged concern over the tendency among banks to mask their gross non-performing assets

RBI keeps repo rate steady, cuts cash reserve ratio to 4%

06 Dec 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday (6 December 2024) decided to keep the policy repo rate

Inflation may force RBI to hold interest rate, focus on liquidity Economists

By Venkatachari Jagannathan | 05 Dec 2024

The Reserve Bank of India’s (RBI) six member Monetary Policy Committee (MPC) is expected to hold the repo rate (the rate at which it lends to banks) at 6.5%, said top economists.

Jio Financial Services get RBI nod for online payment business

30 Oct 2024

Jio Payment Solutions Limited (JPSL), the wholly-owned subsidiary of Jio Financial Services Ltd (JFSL), has received approval from the Reserve Bank of India

RBI keeps policy repo rate unchanged at 6.5% with focus on inflation

10 Oct 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India, at its meeting on Wednesday, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.