New Delhi, August 1: Banks across India will observe a total of 14 holidays during August 2026 due to regional festivals, national holidays, Sundays, and the second and fourth Saturdays. However, since August 1 is the first Saturday of the month, banks are functioning normally today. According to the Reserve Bank of India (RBI) guidelines, … Read more
NEW DELHI, July 27: The Central Government has approved the Reserve Bank of India’s (RBI) proposal to conduct a pilot field trial of polymer (plastic) currency notes in the ₹10 and ₹20 denominations. Under the pilot project, 100 crore polymer notes of each denomination will be issued for testing. A decision on large-scale circulation will … Read more
New Delhi, July 25: If you are planning to visit a bank today, you may want to check before heading out. Today is the fourth Saturday of July, and according to the Reserve Bank of India (RBI) holiday calendar, banks remain closed on the second and fourth Saturdays of every month. Are Banks Closed Today? … Read more
New Delhi, April 8: The Reserve Bank of India (RBI) has revised its economic growth forecast for the country, increasing the real GDP growth estimate for the fiscal year 2026 from 7.4% to 7.6%. This announcement was made on Wednesday amid concerns regarding geopolitical tensions that pose risks to the economy. According to the RBI, … Read more
New Delhi, April 8: The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.25% during its first monetary policy review for the fiscal year 2026-27, adopting a neutral stance. This decision aligns with market expectations and was unanimously approved by the six-member Monetary Policy Committee (MPC) after two days … Read more
New Delhi, February 17: The Reserve Bank of India (RBI) is likely to maintain its policy interest rates in the fiscal year 2027, as a slight increase in consumer price index (CPI)-based inflation is anticipated. A report released by Crisil Ratings on Tuesday suggests that food inflation may rise due to normalizing conditions, although lower … Read more
Mumbai, 01 January (Udaipur Kiran) – Nearly 98.41 percent of the ₹2000 banknotes withdrawn from circulation have been returned to the Reserve Bank of India (RBI) so far. The central bank shared this update in a press release on Thursday. It stated that the decision to withdraw the ₹2000 notes was announced on 19 May … Read more