Reserve Bank of India
-
BUSINESS
Rupee Depreciates By 1 Paisa Against The US Dollar To Reach An All-Time Low Of 83.10
On Friday, the rupee lost 1 paisa versus the US dollar, reaching an all-time low of 83.10 (provisional). This decline…
Read More » -
BUSINESS
RBI Issues Fair Lending Practices Guidelines, Prohibits Banks and NBFCs from Charging Penal Interest Rates
On August 18, 2023, the Reserve Bank of India (RBI) instructed banks to impose fines rather than punitive interest rates…
Read More » -
BUSINESS
RBI Orders Banks and NBFCs To Ensure Clearly Stated Loan Terms With The Choice Of A Fixed Rate
The Reserve Bank of India (RBI) requested banks, non-banking financial firms (NBFCs), and cooperative banks to maintain transparency in loan…
Read More » -
BUSINESS
Update on the RBI Treasury Bill and Bond Auction: 1-year T-bill yield is 7.03%, highest indicative bond yield is 7.53%
The Indian bond market ended another dramatic week with rates spiking to 7.25 percent before easing off a touch as…
Read More » -
BUSINESS
How to Access and Check the Status of Unclaimed Deposits on the RBI UDGAM Portal
In order to make it simple for bank clients to find any unclaimed deposits they may have, the Reserve Bank…
Read More » -
BUSINESS
India’s foreign exchange reserves increased by $708 million to $602 billion after falling for three weeks
The Reserve Bank of India (RBI) said on Friday that India’s foreign currency reserves increased by $708 million to $602.161…
Read More » -
BUSINESS
Utilize RBI’s Ground-Breaking UDGAM Portal to Recover Forgotten Deposits
The Reserve Bank of India (RBI) has introduced the UDGAM site, which is a key step toward increasing transparency and…
Read More » -
BUSINESS
Change in Exchange Rate: Indian Rupee Gains Ground Against the Dollar
The Indian Rupee has shown impressive strength by strengthening against the US Dollar. The general public, investors, and economists have…
Read More » -
BUSINESS
The government will maintain its 5.9 percent budget deficit objective for FY’24
According to T V Somanathan, the finance secretary, the government would maintain its fiscal deficit goal of 5.9% of GDP…
Read More » -
BUSINESS
New fair lending criteria are published by RBI
In an attempt to encourage fairness, transparency, and accountability in the lending operations of financial institutions, the Reserve Bank of…
Read More »