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Reserve Bank of India

News Reports

As Bloomberg retracts its report claiming RBI sold gold worth $12 billion, read how its economist used different pricing data to arrive at the...

Dhruv Mishra -
Bloomberg has retracted the article claiming that RBI sold gold worth $12 billion, because they used domestic price, while RBI uses London Bullion Market Association price.
Editor's picks

Bloomberg grudgingly retracts fake news about Modi govt selling $12 billion of RBI’s gold reserves after being exposed

OpIndia Staff -
"The analysis erroneously used same-day domestic gold prices to value RBI's gold reserves," Bloomerg accepted.
Economy and Finance

RBI refutes Bloomberg report claiming sale of gold worth $12 billion, clarifies its gold holding remains steady at 880.52 metric tonnes

OpIndia Staff -
The Reserve Bank of India (RBI) today firmly denied media reports suggesting it had sold gold reserves, stating that its physical gold holdings remain...
Economy and Finance

Reserve Bank of India cancels banking licence of Paytm Payments Bank Limited, says the bank is not complying with the law

OpIndia Staff -
The Reserve Bank of India (RBI) today cancelled the banking licence of Paytm Payments Bank Limited (PPBL) with immediate effect, marking the end of...
Crime

Delhi: Couple Azad and Rubina brutally stab retired RBI employee Madho Ram to death at his residence, arrested

OpIndia Staff -
Police received a PCR call at 5:36 pm and found the victim dead with multiple stab injuries on the first floor. CCTV and forensic examination helped identify Azad and Rubina, while the motive remains unclear.
News Reports

RBI slashes holdings in US Treasury bonds by 21% in 2025, increases gold reserves to 880 tons

OpIndia Staff -
The Reserve Bank of India has reduced its holdings in US Treasury securities in recent months, as per a report by Economic Times. The...
News Reports

Did your dad forget his first salary account that could still be holding unclaimed money? Here is how you can help your elders and...

Anurag -
With regulators launching dedicated platforms to trace unclaimed money in India, citizens can now locate dormant deposits, lost policies, inactive mutual funds and unclaimed dividends, helping families restore financial assets once believed to be permanently forgotten.
News Reports

Reserve Bank replaces over 9,000 circulars with 244 master guidelines for 11 sectors: Read how this mega reform will make banking easier and safer

Raju Das -
Reserve Bank of India (RBI) on Friday announced the issuance of 244 Consolidated Master Directions, scrapping 9,345 outdated and redundant circulars that had accumulated over seven decades.
News Reports

RBI to roll out climate change disclosure rules for banks and financial institutions, recognises climate change as a source of major financial concern: Read...

OpIndia Staff -
A 52-page draft note of the RBI, accessed by Reuters, prescribes a methodology for predicting and analysing the impact of extreme climate events and transition risks on the borrowers' ability to repay loans.
News Reports

India’s current account records a surplus of $13.5 billion in January-March quarter of 2024-25, deficit for the financial year comes down to $23.3 billion

ANI -
India's current account recorded a surplus of USD 13.5 billion (or 1.3 per cent of GDP) in the January-March quarter of 2024-25 as compared with USD 4.6 billion (or 0.5 per cent of GDP) in the same quarter of 2023-24, RBI data showed Friday.
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