RBI

Mumbai: Reserve Bank of India (RBI) on September 8 said it has decided to discontinue the incremental cash reserve ratio (I-CRR) in a phased manner. "On a review, it has been decided to discontinue the I-CRR in a phased manner," the…

New Delhi: Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) as token for interbank borrowing or call money market, RBI sources said on Tuesday. The pilot in wholesale segment, known as the Digital Rupee…

Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. Consequently, the standing deposit facility (SDF) rate remains at 6.25% and the…

Mumbai: As much as 88 per cent of the Rs 2,000 currency notes have either been deposited or exchanged at banks, and only Rs 42,000 crore worth of such notes are with public as on July 31, the Reserve Bank of India (RBI) said on Tuesday.…

New Delhi: Recently, banknotes with a Star (*) symbol present on the number panel have been the subject of animated discussion with apprehension over their validity. There were many misleading posts on social media claiming that such…

Bhubaneswar: Sarada Prasan Mohanty has taken over as the Regional Director, RBI for the state of Odisha. Dr. Mohanty has wide experience in the areas of Regulation, Supervision, Information Technology, Currency Management, Financial…

Mumbai: Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds. He said that…

New Delhi: Reserve Bank of India’s (RBI’s) Governor Shaktikanta Das has said that the central bank will strive to get headline inflation to its 4 per cent target, however, flagged El Nino as a challenge to its efforts. The governor in an…

New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has said more than two-thirds of the total Rs 3.62 lakh crore (more than Rs 2.41 lakh crore) notes have returned to the banks  within a month of the decision to withdraw Rs…

New Delhi: Currency in circulation, which is the largest part of the reserve money, declined to 5.3 per cent from 8.3 per cent in the year-ago period due to the withdrawal of Rs 2,000 notes from circulation and an increase in digital mode…