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Reserve Bank of India

Economy and Finance

Current inflation caused by global events over which Indian govt have no control: OpIndia talks to a chartered accountant, Sumeet Mehta, over inflation

Sachin R -
CA Sumeet Mehta said that India is facing 'imported inflation', which is inflation caused by the Russia-Ukraine war
News Reports

Centrum-BharatPe’s Unity Small Finance Bank, which took over scam-hit PMC Bank, returns approximately Rs 3,800 crore to the depositors: Details

OpIndia Staff -
Unity Small Finance Bank paid approximately Rs 3,800 crore to depositors of the scam-hit Punjab and Maharashtra Co-operative Bank (PMC Bank) on Thursday
News Reports

RBI announces 123PAY: A UPI-based payment system for feature phone users

Anurag -
123PAY is aimed to fill the gap in digital payment system and include 40 crore feature phones in the digital banking ecosystem.
Social Media

‘Laxmicoin’, ‘DigiLaxmi’: Netizens get creative to find possible name for India’s digital currency

OpIndia Staff -
Finance Minister Nirmala Sitharaman announced digital Indian currency that the Reserve Bank of India will issue starting April 1 this year.
Economy and Finance

Union Budget 2022-23: FM Nirmala Sitharaman announces India’s first digital currency – Digital Rupee

OpIndia Staff -
In her budget speech, Finance Minister Sitharaman announced that a digital rupee will be issued using blockchain and other technologies and will be issued by the Reserve Bank of India starting 2022-23.
News Reports

Reserve Bank of India steps in, says RBL Bank health status ‘stable’ after shares tank 25% following central bank’s action over weekend

OpIndia Staff -
The unanticipated RBI action followed by the tanking of the share price of RBL Bank pushed the panic button amongst investors and customers of the private sector lender.
Economy and Finance

RBL Bank shares hit 52-week-low after RBI action: Here is what happened

OpIndia Staff -
The share price fell after a series of developments over the weekend where the Reserve Bank of India (RBI) sent a nominee to bank's board a day after the sudden departure of Vishwavir Ahuja as the bank's CEO.
News Reports

Govt to table bill on cryptocurrency, speculations over ban on ‘private cryptocurrencies’ cause dip in the market

OpIndia Staff -
GoI to introduce bill on cryptocurrency in winter session of the parliament.
OpIndia Explains

OpIndia Explains: The virtual world of cryptocurrency and the challenges it poses for Indian govt

Jinit Jain -
PM Modi on Saturday chaired a meeting on the way forward for managing the burgeoning cryptocurrency sector in the country
News Reports

Media houses spread fake news saying RBI is discontinuing old series of Rs.100, Rs.10 and Rs.5 notes from circulation

OpIndia Staff -
PIB said that RBI did not issue any order that says Rs.100, Rs.10 and Rs.5 notes will go out of circulation in March-April
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