RBI Holds Repo Rate at 6.5%, Cuts CRR to Boost Liquidity

06 Dec 2024

The Reserve Bank of India (RBI) decided to hold the repo rate at 6.5%, as announced by Governor Shaktikanta Das on December 6, 2024. In a move to boost liquidity, the RBI also reduced the cash reserve ratio (CRR) by 50 basis points to 4%. Inflation Challenges and Slowing Growth...

RBI Governor Shaktikanta Das Pays Last Tribute to Industrialist Ratan Tata

10 Oct 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das paid his final respects to the late veteran industrialist Ratan Tata in Mumbai. As one of India’s most respected business leaders, Ratan Tata’s demise has drawn tributes from various dignitaries, including prominent political and business figures. Governor Das joined many others at...

RBI Governor Shaktikanta Das Among Top 3 Global Central Bankers Again

26 Aug 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has once again been recognized as one of the top three central bankers in the world, earning an ‘A+’ rating in the Global Finance Central Banker Report Cards 2024. This marks the second consecutive year that Das has achieved this prestigious ranking,...

Why RBI Brought 100 Tonnes Of Gold Reserves To India—RBI Governor Reveals The Reason

10 Jun 2024

Recently, RBI Governor Shaktikanta Das revealed the reason behind the decision to bring gold back to India from the UK on Monday. As per RBI's governor, there was an increase in gold holdings due to RBI's purchases, and since, there was an available storage space within the country, they decided...

UPI Experiences Disruption Due To These Reasons, Reveals RBI

10 Jun 2024

RBI Governor Shaktikanta Das has recently revealed the reason behind frequent disruption in UPI on Monday. Speaking during press conference, the RBI governor asserted, that it is Bank's obsolete technology, which are causing the issues, rather than NPCI's infrastructure itself. Furthermore, the problems stemming from the bank, including network link...

RBI announces digital payments intelligence platform to check online frauds

07 Jun 2024

The Reserve Bank of India (RBI) has introduced a series of measures to enhance the safety and efficiency of digital payments and regulatory frameworks. These initiatives aim to promote innovation and inclusivity in the financial sector. Governor Das announced the establishment of a Digital Payments Intelligence Platform, leveraging advanced technologies...

Shaktikanta Das Set to Announce Monetary Policy at 10 AM Today

07 Jun 2024

RBI Governor Shaktikanta Das is set to present the second bi-monthly monetary policy for 2024-25 at 10 am today. This announcement follows the conclusion of the RBI's Monetary Policy Committee's three-day meeting, which began on Tuesday and ends this morning. Apart from announcing MPC’s decision on the repo rate and...

Check Key Highlights from RBI’s Bi-Monthly Monetary Policy Statement

08 Dec 2023

The Reserve Bank of India (RBI) unveiled a series of key decisions aimed at shaping the nation's economic landscape in a comprehensive bi-monthly policy statement. While keeping the benchmark interest rate at 6.5%, the RBI increased the UPI transaction limit, specifically targeting payments to hospitals and educational institutions, from Rs...

RBI Holds Steady: Policy Rate Unchanged for the 5th Consecutive Time

08 Dec 2023

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decided to stick with stability, keeping the policy repo rate at 6.5 percent during its December review meeting. This decision was unexpected. This is the central bank's fifth consecutive decision to keep interest rates unchanged. RBI Governor Shaktikanta Das, addressing...