Tag: rbi
India’s digital currency push targets its leaky welfare system
PHULENAGAR/MUMBAI: In the western Indian village of Phulenagar, Samadhan Sonawane set up a drip irrigation system on his small onion farm using digital currency issued…
Net sales growth of FDI companies moderated to 8.7% in FY25: RBI data
Net sales growth of the select FDI companies moderated to 8.7 per cent in 2024-25 from 9.4 per cent in the previous year, according to…
Short-term fluctuations, including FDI outflows closely monitored: RBI’s Sanjay Malhotra
New York: Short-term fluctuations, including net FDI outflows and exchange rate movements, are cyclical in nature and are being closely monitored, RBI Governor Sanjay Malhotra…
Tweak sought in capital norms for urban co-operative bank licence
New Delhi: The Reserve Bank of India is evaluating requests to lower the minimum capital requirement to ₹200 crore for co-operative credit societies seeking an…
Multiple states to borrow Rs 16,900 crore through RBI SGS auction on April 21
New Delhi:The Reserve Bank of India (RBI) has announced that multiple state governments will raise a total of Rs 16,900 crore through the revised auction…
RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+
Mumbai: The central bank late on Friday proposed replacing its existing methodology for identifying upper-layer non-banking financial companies (NBFC-UL) with an absolute asset size threshold…
RBI’s Utkarsh 2.0 places focus on better service
MUMBAI: The Reserve Bank of India (RBI) has published a medium-term strategy framework called Utkarsh 2.0 to highlight multiple strategy pillars: Regulations, customer centricity, inclusive…
RBI proposes to include PSUs in upper-layer NBFCs
Mumbai: The Reserve Bank on Friday proposed changes in the criteria for identifying upper layer non-banking finance companies (NBFCs), pitching for an asset-size-based approach as…
RBI monetary policy: Currency forward curbs temporary, says Sanjay Malhotra
MUMBAI: The Reserve Bank of India (RBI) said on Wednesday that its recent actions in the non-deliverable forward (NDF) market are temporary and aimed at…
RBI monetary policy: Call below repo to comfort banks
MUMBAI: The Reserve Bank of India (RBI) on Wednesday said call rate levels below the repo rate should not be interpreted as impending rate-cut signals,…