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Mumbai, 01 January (Udaipur Kiran) – Nearly 98.41 percent of the ₹2000 banknotes withdrawn from circulation have been returned to the Reserve Bank of India (RBI) so far.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
Banks are on standby! The Reserve Bank of India (RBI) has warned banks across the country to be vigilant against possible cyberattacks following credible intelligence reports. Banks have been ordered to monitor their systems around the clock to detect threats. In an advisory issued on June 24, the RBI said: “Given the credible threat intelligence … Read more
Reserve Bank of India (RBI) along with NPCI International Payments Ltd. (NIPL) is working to launch UPI in 20 countries by fiscal year 2029. The possibility of expanding the global footprint of UPI and RuPay is being considered, the RBI’s annual report said. Keeping in mind the goals of Vikshit Bharat 2047, the Reserve Bank … Read more
The Reserve Bank of India (RBI) has put in place a comprehensive framework for strengthening the grievance redress mechanism in banks. The framework comprises enhanced disclosures on complaints to be made by the banks; recovery of the cost of redress of maintainable complaints from the banks against whom the number of complaints received in the … Read more
