 "What is Reserve Bank of India (RBI)")
Reserve Bank of India
What is Reserve Bank of India (RBI)
Read More
Latest Updates on Reserve Bank of India
Bhartiya Vayuyan Vidheyak to address discrepancies in aviation law: Govt
Naidu explained that the 1934 Act had undergone 21 amendments, resulting in ambiguities and contradictions, particularly regarding the powers and functions of internal organisations
 "Bhartiya Vayuyan Vidheyak to address discrepancies in aviation law: Govt")
New UPI feature to allow multiple users to use one account for transactions
RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction
 "New UPI feature to allow multiple users to use one account for transactions")
Paytm gets Sebi warning for transactions with banking unit, defends itself
Company says it's committed to 'highest compliance standards' after regulator flags related party transactions with Paytm Payments Bank in FY22
 "Paytm gets Sebi warning for transactions with banking unit, defends itself")
Budget 2024: Lower GST demand listed by Delhi Market Association officials
Union Budget 2024: The Delhi Market Association has urged the government to consider measures to lower the Goods and Services Tax (GST) rates on essential items and on shop rentals
 "Budget 2024: Lower GST demand listed by Delhi Market Association officials")
India's overnight swap market pricing in rate cuts before 2023 end: Experts
OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory
 "India's overnight swap market pricing in rate cuts before 2023 end: Experts")
Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest
This announcement is in line with the Reserve Bank of India's decision to keep the repo unchanged at 6.5%
 "Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest")
Home loan rates over Rs 75 lakh to get dearer as risk weight rises again
Risk weight back to pre-pandemic level of 50%
 "Home loan rates over Rs 75 lakh to get dearer as risk weight rises again")
Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought
In which we munch over the week's platter of news and views
 "Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought")
Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data
A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.
 "Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data")
RBI estimate too optimistic, will pivot to rate cuts in October: Nomura
Japanese brokerage Nomura on Friday said Reserve Bank's 6.5 per cent real GDP growth estimate for FY24 is too optimistic, and the central bank will pivot to rate cuts from October
 "RBI estimate too optimistic, will pivot to rate cuts in October: Nomura")
Portal for unclaimed deposits across banks to be ready in 3-4 months: RBI
The deposits remaining unclaimed for 10 years in a bank are transferred to the 'Depositor Education and Awareness' (DEA) Fund maintained by RBI
 "Portal for unclaimed deposits across banks to be ready in 3-4 months: RBI")
An unexpected pause
Inflation remains significantly above the target
 "An unexpected pause")
It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo
FY24 inflation projection cut to 5.2%; growth forecast at 6.5%
 "It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo")
Households in India expect inflation to moderate, find RBI surveys
Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said
 "Households in India expect inflation to moderate, find RBI surveys")
Industry associations welcome RBI decision to pause interest rates
After six consecutive hikes aggregating 250 bps, RBI hits a pause
 "Industry associations welcome RBI decision to pause interest rates")
Int'l banking system is headed for more trouble, says Raghuram Rajan
His comments add to warnings that the troubles at SVB and Credit Suisse are indicative of deeper underlying problems in the financial system
 "Int'l banking system is headed for more trouble, says Raghuram Rajan")
A prudent comma, not a myopic full stop!
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
RBI's decision of not changing repo rate in line with expectations: Experts
The repo rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022
 "RBI's decision of not changing repo rate in line with expectations: Experts")
RBI may pause on rate hikes at next meet also: ICICI official Prasanna
The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent
Realty, auto firms expect demand to remain intact after RBI holds rate
Sales in the affordable segment (units priced below Rs 40 lakh) dipped between 2019 and 2022 and further in the first quarter of 2023, said Anuj Puri, chairman of Anarock
