Reserve Bank of India

Reserve Bank of India (RBI) on Friday announced the issuance of 244 Consolidated Master Directions, scrapping 9,345 outdated and redundant circulars that had accumulated over seven decades.

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.

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.

The credit appraisal for small ticket loans up to 2.5 lakh Rupees where gold is given as collateral will not be needed, said Sanjay Malhotra, Governor of the Reserve bank of India (RBI).

Then-Finance Minister P Chidambaram had signed off the termination of the whistleblower. This raised the possibility that efforts to suppress internal warnings about the fraud were not only bureaucratic, but also sanctioned at the political level.

Reserve Bank of India (RBI) on Saturday released a statement stating that IndusInd Bank is well capitalised and financially stable

On Friday morning, people in Kerala were shocked to read a first page report on Malayalam newspapers saying that only digital transactions will be allowed from 1 February

The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000.

A total of 46.7 million jobs were added, the highest since 1981-82, with a growth rate of 6 per cent surpassing the previous three decades.

RBI ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from acquisition of financial assets