In his first interview since taking over as RBIgovernor, Sanjay Malhotra tells TOI’s Mayur Shetty & Sidhartha that while tariffs can have a short-term impact on economic growth, India’s status as the world’s fastest-growing economy won’t be impacted.On rupee volatility, he said RBI doesn’t target a specific rupee-dollar rate. And …
RBI Monetary Policy (MPC) Meeting Live Updates: The Monetary Policy Committee (MPC), chaired by Governor Shaktikanta Das, has decided to keep the repo rate unchanged at 6.5%. After a thorough assessment of the macroeconomic outlook, the MPC voted 4-2 to maintain the current rate. In another key decision, as anticipated, …
New Delhi: According to the Reserve Bank of India (RBI) holiday list, banks in certain states will remain closed on Thursday in observance of Ramzan-Id (Eid-Ul-Fitr). This follows a series of consecutive holidays from April 9 to April 14 for various festivals including Gudi Padwa, Ugadi, Telugu New Year, Bohag Bihu, …
New Delhi: On Friday, the Reserve Bank of India (RBI) cancelled the certificate of registration of four non-banking financial companies.Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based Jiwanjyoti Deposits and Advances Limited. These …
NEW DELHI: The Reserve Bank of India on Friday kept the repo rate unchanged for the seventh consecutive time at 6.5%. This indicates that your loan EMIs are likely to remain unaffected.Additionally, RBI governor Shaktikanta Das said that SDF and MSF stands at 6.25% and 6.75%, respectively.“After a detailed assessment …
Last Updated: April 04, 2024, 18:31 IST The RBI emphasised that the regulatory framework for ETCDs has remained consistent over the years and that there was no change in the central bank’s policy approach. The RBI says it had permitted users, for the ease of doing business, to take positions …
New Delhi: The Reserve Bank of India (RBI) on Monday said nearly 97.69 per cent of the Rs 2000 denomination bank notes have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI …
In May 2023, the central bank had announced the withdrawal of Rs 2000 denomination banknotes from circulation. About Rs 8,202 crore is yet to be deposited as on March 29, 2024, compared with the Rs 3.56 lakh crore in circulation at the close of business on May 19, 2023 The …
New Delhi: HDFC Bank has notified its customers that National Electronic Funds Transfer (NEFT) transactions might not be accessible on April 1, 2024 due to financial year-ending procedures. Even if NEFT is available for certain HDFC Bank customers, there could be delays.There might be a delay in receiving your salary …
