Tag: RBI
RBI Announces Bank Holidays for October 2024: Check Full List of Dates and Cities
The Reserve Bank of India (RBI) has officially released the bank holiday schedule for October, a month filled with various festivals across the country....
S&P Retains India’s Growth Forecast at 6.8% for FY 2024-25, RBI to Cut Interest...
S&P Global Ratings has once again reaffirmed its growth forecast for India at 6.8% for the financial year 2024-25, showcasing confidence in the country’s...
Government Considers Harsher Penalties for Banks Violating Regulations
The central government may consider increasing the penalty for banks if they do not follow the regulatory guidelines. A senior government official informed that...
India’s Forex Reserves Surge by $66 Billion in 2024, RBI Reports
India’s foreign exchange reserves have increased by $66 billion in 2024, reaching $689.235 billion. The Reserve Bank of India reports stable currency performance and...
RBI Governor Shaktikanta Das Named Top Central Banker for 2024 by Global Finance
Reserve Bank of India (RBI) Governor Shaktikanta Das has been named the world's top central banker for the second consecutive year by Global Finance....
RBI Penalizes Bank of Maharashtra, Hinduja Leyland Finance, and Poonawalla Fincorp for Non-Compliance
The RBI has fined Bank of Maharashtra Rs 1.27 crore for non-compliance with credit delivery, cyber security, and KYC guidelines. Hinduja Leyland Finance and...
RBI Report: July 2024 Inflation Rate to Rise by 0.20%, Reaching 8.2%
The RBI report predicts a 0.20 percent rise in inflation in July 2024, with rates reaching 8.2 percent. Learn how this will impact India's...
RBI’s Latest Decision: No EMI Hike as Repo Rate Stays at 6.5%
The Reserve Bank of India's Monetary Policy Committee has decided to maintain the repo rate at 6.5%, providing stability for loan holders. Discover how...
Why Senior Citizens Struggle to Get Credit Cards: An In-Depth Look at RBI Rules...
Summary : Explore the reasons why banks are reluctant to issue credit cards to senior citizens despite their financial stability. Understand the role of...
New Digital Fraud Guidelines: RBI Seeks Public Opinion and Suggestions by August 31
The Reserve Bank of India (RBI) is seeking public feedback on new digital fraud guidelines aimed at enhancing security in banking transactions. Find out...
