Mumbai: The Reserve Bank of India (RBI) announced on Wednesday that it has cancelled the licence of The Karwar Urban Co-operative Bank Ltd in Karnataka as it does not have adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 23, 2025..
New Delhi, June 25: The Reserve Bank of India (RBI) on Wednesday announced that it will extend the trading hours for the call money market, market repo, and Tri-Party Repo (TREP), starting July 1. This decision is based on the recommendations made by a working group led by Radha Shyam Ratho. According to an official.
New Delhi, June 3 (IANS) The Reserve Bank of India (RBI) is expected to cut the repo rate by 100 basis points — from 6 per cent to 5 per cent — by the end of 2025, according to a Nomura report. In its ‘Asia H2 Outlook’ report, the global brokerage noted an underperformance of.
Chandigarh: Acting on specific intelligence, officers of the Directorate of Revenue Intelligence (DRI), Amritsar Regional Unit, intercepted a passenger at Sri Guru Ram Dass Jee International (SGRDJI) Airport, Amritsar, on 29.05.2025. The passenger was attempting to smuggle foreign currency while travelling from Amritsar to Dubai via Air India Express Flight IX 191. A thorough search.
New Delhi: The Reserve Bank of India (RBI) is anticipated to lower the repo rate by 25 basis points (bps) in its monetary policy announcement scheduled for February 7, according to a report from Bank of Baroda. The report indicated that inflation, the primary concern for monetary policy, is showing signs of moderation, prompting the.
New Delhi: A recent report from the Reserve Bank of India (RBI) highlights a significant increase in retail digital payments in India, soaring from 162 crore transactions in the financial year 2012-13 to over 16,416 crore transactions in 2023-24—an approximately 100-fold rise over the past 12 years. This growth is also reflected in the RBI’s.
New Delhi: The Central government on Monday appointed Sanjay Malhotra, Secretary (Revenue) in the Ministry of Finance as the next Reserve Bank of India Governor. He will replace Shaktikanta Das, who with a six-year stint is the second-longest serving RBI Governor. Sanjay Malhotra is a 1990 batch Indian Administrative Service (IAS) officer of the Rajasthan.
New Delhi: Indian stock indices closed with significant gains on Monday, maintaining the early momentum. This marked a strong start to the new week and helped recover some of the recent losses. The Sensex closed at 80,109.85 points, up by 992.74 points or 1.25 per cent, while the Nifty ended at 24,221.90 points, gaining 314.65.
Mumbai: India’s foreign exchange reserves stood at $657.89 billion while the gold component of the kitty was valued at $65.75 billion, as of November 15, according to official figures released by the RBI on Friday. India’s foreign exchange reserves were at $675.65 billion on November 8 but since the RBI has been releasing dollars in.
