The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India.
The Narendra Modi government has taken a major step to reform the cooperative banks of the country. Now the banking operations of as many as 1540 cooperative banks of the country have come under the regulation of the Reserve Bank of India (RBI).
After the Reserve Bank of India (RBI) has restricted the Sri Guru Raghavendra Co-operative Bank from doing business with immediate effect and capped withdrawal limit at Rs 35,000, the depositors on Tuesday queued up outside branches of the bank in Bengaluru.
The government on Tuesday approved appointment of Michael Debabrata Patra as the new deputy governor of the Reserve Bank ...
Raising concerns of higher inflation in the near term, Reserve Bank Governor Shaktikanta Das on Thursday observed that recent announcements by the telecom operators to raise tariffs will add to the inflation rate in the country.
Government's core objective of carrying out demonetisation three years ago, has remained unfulfilled, as data showed an increase in the level of hard currency in the system.
In what could mean further rate cuts by India's central bank, RBI Governor Shaktikanta Das has said at the bi-monthly monetary policy committee (MPC) meeting here earlier this month that "there is policy space to address growth concerns", according to the minutes of the MPC meeting released on Friday.
The Supreme Court has issued a notice to the Centre on a plea by a Tamil Nadu-based businessman who failed to deposit Rs 1.17 crore in scrapped currency notes within the stipulated time frame in December 2016.
The NDA government's ambitious target of reaching the $5 trillion economy in the next five years just got a reality check.
The 10-year government bond yield fell another 8 basis points on Tuesday to hit a three-week low after the Reserve Bank of India (RBI) said it would transfer Rs 1.76 lakh crore surplus to the government this fiscal, removing worries over the Centres fiscal deficit target for this financial year.
Although a government panel has recommended extensive use of distributed ledger technology (DLT) in banks and other financial institutions, it observed that data localisation norms under the draft Data Protection Bill may create obstacles in the effective adaptation of the technology and suggested differential treatment for blockchain and DLT-based firms in terms of these norms.