Mumbai: The country’s foreign exchange reserves rose $ 1.57 billion to $ 677.83 billion in the week ended April 11. The Reserve Bank of India (RBI) said on Friday that foreign exchange reserves have increased in the sixth consecutive week. The total foreign exchange reserves rose $ 10.87 billion to $ 676.27 billion in the…
New Delhi: RBI MPC 2025-26: The first Monetary Policy Meeting of the new Financial Year 2025-26 has started today i.e. 7 April. This three -day meeting of the Reserve Bank of India (RBI) will end on 9 April. On the same day at 10 am, RBI Governor Sanjay Malhotra will announce the decisions taken in…
India Remittance 2024: The money coming from abroad in India is increasing continuously and it has now become more important than foreign investment (FDI). New Delhi: Indians working abroad have sent a record $ 129.4 billion in 2024 to their country. In the October-December quarter, India has received the highest number of $ 36 billion…
New Delhi: India’s foreign exchange reserves have increased by $ 305 million to $ 654.271 billion in the week ended on March 14. This information has been given by the Reserve Bank of India (RBI). Last week, the country’s foreign exchange reserves increased by $ 15.267 billion in the week ended on March 7. After…
Mumbai: The Reserve Bank of India has been awarded the Digital Transformation Award 2025 by Central Banking, London. RBI has been selected for ‘flow’ and ‘charioteer’ digital initiative. This has reduced the use of paper in the central bank. Central Banking said in a press statement that both these initiatives have been important for this…
New Delhi: In order to speed up the growth rate by the Reserve Bank of India (RBI), the repo rate can be cut up to 25-50 basis points. Apart from this, many measures can also be applied to increase liquidity. This information was given in a report released on Monday. According to the report by…
New Delhi: The Reserve Bank of India (RBI) has imposed penalties on Jammu and Kashmir Bank, Bank of India and Canara Bank for lapses in regulatory compliance. J&K Bank for violation of certain norms relating to Financial Inclusion – Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA), ‘KYC’ (Know Your Customer) and…
