Category: Business
RBI says digital rupee to be piloted by five more banks in nine more cities soon
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to…
Adani Power profit slumps as fuel costs nearly double
Adani Power on Wednesday reported a 96% fall in third-quarter profit on rising fuel costs, and joined other group companies in saying it saw no…
Amid Adani-Hindenburg controversy, RBI chief says Indian banking system is…
The Indian banking sector, including NBFCs (non-banking financial corporations), ‘continues to be resilient… strong’, Reserve Bank of India governor Shaktikanta Das said Wednesday, in an…
RBI hikes repo rate. How will this impact your loan EMIs?
In its first Monetary Policy statement of 2023, the Reserve Bank of India (RBI) on Wednesday hiked the policy repo rate by 25 basis points…
Eight Adani Group’s stocks extend gain as traders await earnings reports
Most Adani Group stocks rose, extending their rebound from the rout sparked by US short-seller Hindenburg Research’s report, as the indebted Indian conglomerate takes steps…
QR-based coin vending machine coming up in 12 cities: RBI | Details here
In his monetary policy address, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday announced a pilot project wherein a QR code-based coin vending…
RBI repo rate hike: How will it affect fixed deposits (FDs)?
In its first monetary policy decision after the Union Budget 2023, the Reserve Bank of India (RBI) has hiked the repo rate by 25 basis…
RBI hikes key rate to 6.50% to tamp down sticky core inflation
The Reserve Bank of India (RBI) raised the benchmark repurchase rate by a widely anticipated quarter point to 6.50%, keeping its monetary policy focused on…
RBI to allow lending and borrowing of government bonds
Bloomberg | | Posted by Yagya Sharma India’s central bank plans to allow lending and borrowing of government bonds, a move aimed at further deepening…
Travellers from G20 can use UPI for payments at select airports: RBI Governor
The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the…