On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 6, 2023) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The standing deposit …
A recent Reuters poll of economists predicts that the Reserve Bank of India (RBI) will increase its primary interest rate by 25 basis points on April 6, but then keep rates unchanged for the remainder of the year while continuing to maintain its tightening stance. The …
With the annual closing of accounts just 10 days away and the financial year 2022–23 coming to a close, the Reserve Bank of India (RBI) has directed all banks to keep their branches open until the end of the working hours on March 31. In a …
India has seen significant growth in the use of digital payments over the past few years. However, there is still a significant portion of the population that is not using digital payments for day-to-day transactions. In an effort to bridge this gap, Reserve Bank of India …
The Reserve Bank on Tuesday announced its second global hackathon — ‘HARBINGER 2023 – Innovation for Transformation’ with the theme ‘Inclusive Digital Services’. Fintechs have been invited to develop solutions that have the potential to make digital financial services accessible to the differently-abled, facilitate efficient compliance, extend the …
The Reserve Bank of India is likely to raise interest rates once again in April as inflation pressures persist and the Federal Reserve continues to tighten, analysts said on Thursday, a day after the central bank delivered what many had expected to be its last hike …
Considering the Reserve Bank of India (RBI)’s discomfort with sticky core inflation, we think the monetary policy committee (MPC) will go for another 25 basis points (bps) rate hike in the February policy. The decision will obviously not be unanimous, but the resolution will still likely …
The Reserve Bank of India (RBI) on Friday clarified on a recent bulletin article on privatisation of public sector banks. Adopting a “big bang” approach to privatisation of PSBs would do more harm than good, said the article published by the RBI on Thursday, instead batting …
The Supreme Court upheld the measures adopted by RBI to implement a ban imposed by the Government on export of PPE kits in view of COVID-19 pandemic. Facts of the case:- The appellant, Akshay N Patel is the managing director of a firm that manufactures and …
