With the recent political shifts and the BJP’s reduced majority in the Lok Sabha, the next Union Budget 2024-25 is poised to reflect new priorities influenced by coalition dynamics. The Reserve Bank of India (RBI),...
Tag : rbi
RBI Confirms Continued Legal Tender Status for Rs 2,000 Banknotes; 97.38% Notes Returned to System
The Reserve Bank of India (RBI) reiterated that Rs 2,000 banknotes continue to be legal tender despite the announcement of their withdrawal on May 19, 2023. According to the latest data provided by the RBI...
RBI Mandates: Banks and NBFCs Must Communicate Final Decisions on Customer Complaints within 30 Days
To bolster consumer protection and enhance the efficiency of grievance redress mechanisms, the Reserve Bank of India (RBI) has issued a directive instructing Regulated Entities (REs) to ensure that final decisions on customer complaints are...
The Reserve Bank of India (RBI) recently disclosed the issuance details for the upcoming tranche of the Sovereign Gold Bond (SGB) Scheme 2023-24 – Series III. Set to open on December 18 and available for...
ITC Considering Stake Reduction Despite Complexities in Navigating FDI Regulations
The approvals from the Reserve Bank of India (RBI) are proving to be a significant obstacle when it comes to potentially reducing our stakes. According to Marroco, navigating through these RBI approvals presents a considerable...
According to a recent report by the Reserve Bank of India (RBI) on state finances, Odisha stands out for its exceptional fiscal performance. The state boasts the lowest outstanding liabilities among all Indian states while...
RBI Boosts Digital Transactions: UPI Limit Soars to Rs 5 Lakh for Healthcare and Education
The Reserve Bank of India (RBI) has taken a substantial stride by raising the UPI payment limits from Rs 1 lakh to Rs 5 lakh. This transformative decision, announced by RBI Governor Shaktikanta Das during...
Modi Government’s Controversial Move: Massive Write-Off of 10.6 Lakh Crore Benefits Big Industrialists
In the last five years, Indian banks have written off approximately ₹10.6 lakh crore, with nearly 50% of the amount linked to large corporate entities, according to a government announcement in the Lok Sabha. Minister...
The RBI Monetary Policy Committee is expected to Maintain the Repo Rate at 6.5% in the Upcoming Meeting.
The Reserve Bank of India (RBI) gears up for a three-day Monetary Policy Committee (MPC) meeting commencing on December 6, with prevailing expectations that the central bank will sustain the existing status of the repo...
October Sees Inflation Dip to 4-Month Low of 4.87%, RBI Likely to Maintain Extended Pause.
India’s Consumer Price Index (CPI) for October showcased a downward trend, hitting a four-month low at 4.87%, down from September’s 5.02%, marking a significant decline from the 6.77% recorded in October 2022. This decline, largely...