India's forex reserves decline for sixth week to its lowest in nearly 3 months
India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, ...
India's central bank chief warns growing risk of global inflation returning
Central banks have managed to engineer a soft landing, but there is still a risk of global inflation returning, according to ...
Reuters on MSN2d
India cenbank retains SBI, HDFC Bank, ICICI Bank in too-big-to-fail list
These institutions are also perceived as being "too big to fail". The Reserve Bank of India had issued a framework for ...
Curious to know what the Reserve Bank does? Star India will soon produce a web series narrating the RBI's 90-year journey
The RBI's vision for the series, as outlined in the RFP, includes five episodes of about 25-30 minutes each. This format will allow for an engaging, in-depth look into the RBI’s ...
Indiatimes20d
India has brought back 1 lakh kg of gold from UK: And why it’s a good news
A recent significant development in India’s monetary landscape was when the RBI (Reserve Bank of India) brought back about 100 tonnes of gold imported from the United Kingdom. It marks the first ...
TechCrunch29d
India’s central bank orders Sachin Bansal’s Navi to halt loans
India’s central bank ordered four non-bank lenders, including Navi Finserv and DMI Finance, to halt loans from October 21, citing excessive interest rates and regulatory breaches. The Reserve ...
RBI and geopolitical conflicts: Has India's central bank factored in the impact of these global conflicts?
With recent geopolitical conflicts, the RBI has been watching inflation with a keen eye. But experts believe the impact of ...
Indiatimes28d
RBI bans Flipkart founder Sachin Bansal’s Navi from disbursing loans, here’s what the bank’s statement reads
The Reserve Bank of India has banned four NBFCs from issuing new loans starting October 21, 2024, citing excessive lending rates and non-compliance with regulations. The Reserve Bank of India has ...
Investopedia8d
Top 10 Countries With the Biggest Forex Reserves
To highlight one of the top 10 above, India held $655 billion in foreign currency reserve assets as of May 2024. Its central bank, the Reserve Bank of India, intervenes in the foreign exchange ...
Mint28d
RBI bars Sachin Bansal’s Navi Finserv, three other NBFCs from lending over pricing violations
The Reserve Bank of India (RBI) has temporarily barred four non-bank lenders—Sachin Bansal's Navi Finserv, DMI Finance, Asirvad Micro Finance Ltd (backed by Manappuram Finance), and Arohan Finan ...
TechCrunch24d
India’s Paytm wins approval to resume onboarding new UPI users
The Reserve Bank of India in March ordered Paytm to stop operating several businesses at its banking subsidiary, which the company used for UPI payments, citing repeated violations of rules.
Forbes7d
Home Loan Interest Rates For November 2024
As of Nov. 5, 2024, banks in India are offering home loans at interest between 8.35% and 14.50% to eligible applicants. Meanwhile, the Reserve Bank of India (RBI) has kept the repo rate unchanged ...