Round-up of top and latest news from the world of technology: - India: RBI Planning To Launch Affordable Cloud Storage For Local Firms - US Probing Seat Belt Fault In Over 112,000 Ford SUVs

India: RBI Planning To Launch Affordable Cloud Storage For Local Firms

Nirmala Sitharaman’s views on India's economic outlook differ from the RBI’s stance on interest rates, highlighting a divergence in policy approaches.

Nirmala Sitharaman's Views Contrast With RBI's Rate Path Outlook

Reserve Bank of India (RBI) Governor Shaktikanta Das offered a cautiously optimistic view of the Indian economy amidst mixed signals surrounding festival season demand.

Optimism Prevails: RBI Governor Shaktikanta Das on India's economic outlook

India's growth outlook is supported by robust domestic engines and private investment showing some encouraging signs despite geopolitical tensions, the Reserve Bank of India's (RBI’s) October bulletin said as detailed in a report by the Press Trust of India.

Robust domestic engines supporting India's growth outlook: RBI Bulletin

India's Central Bank governor, Shaktikanta Das, said an interest rate cut at this stage would be "very, very risky." He added that the Reserve Bank of India (RBI) is in no hurry to join the wave of easing by global policymakers.

RBI Governor: India's inflation to moderate, but risks remain

India's central bank governor Shaktikanta das said an interest rate cut at this stage would be "Very, very risky." He added the Reserve Bank of India is in no hurry to join the wave of easing by global policymakers.

RBI Governor Calls Rate Cut Risky For Economy

Despite global rate reductions, the RBI maintained its policy rate at 6.5 per cent, citing concerns over food inflation and strong GDP growth. Watch for more details!

RBI Keeps Borrowing Rates Steady at 6.5%, Flags High Inflation

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts as early as December.

India Central Bank leaves interest rates unchanged, shifts stance to ‘neutral’ signalling rate cuts ahead

India's government approved the re-appointment of Reserve Bank of India deputy governor M. Rajeshwar Rao for a period of one year starting Oct. 9 or until further orders, it said late on Friday.

Indian govt extends RBI deputy governor M. Rajeshwar Rao's tenure by one year

India's capital market regulator has barred Axis Capital from being the manager in new offerings of debt by Indian companies, the latest crackdown in the country's securities market, according to a report by Bloomberg.

India prohibits Axis Bank unit from handling new debt issuances

Recently released report on the Indian economy by the reserve bank of India shows robust growth and strong recovery from the pandemic-driven decline.

India’s GDP growth shows strong recovery in 2023-24

Seen as an important declaration, the Chief of the Reserve Bank of India (RBI), Shaktikanta Das, discussed his positive outlook for India's economic trajectory in a recent conversation with CNBC.

India can achieve sustainable growth of up to 8%: RBI Chief Shaktikanta Das

India's Foreign exchange reserves rose to a record high for a third straight week. Data from the reserve bank of India (RBI) showed on friday the country's import cover hit a new high in the latest reported week.

India's Forex reserves hit record high

India’s Ministry of Finance has clarified that there are no restrictions on queer individuals opening joint bank accounts with their partners. They can also name their partners as their nominees in the event of the death of the account holder.

RBI gives banking rights to its queer citizens. Community awaits on-ground changes

India’s economic survey proposed a significant shift in monetary policy: excluding food prices from the inflation measure. According to the Reserve Bank of India’s August bulletin, this move could address persistent issues with high food inflation. But will this simplification overlook the economic strain facing Indian households?

India's inflation debate: To include or exclude food?

In a much-anticipated move, the Reserve Bank of India's six-member Monetary Policy Committee has kept the repo rate unchanged at 6.5 per cent for the ninth time in a row, citing risks from higher food inflation.

RBI keeps repo rate intact amid fears of inflation, provides relief to borrowers

Indian Minister of State for Finance Pankaj Chaudhary told the country's parliament that there has been a significant increase in financial fraud cases during the last five years. According to data from the Reserve Bank of India (RBI), there has been a marked rise in fraud incidents involving credit cards, ATM or debit cards, and internet banking.

RBI: Fraud incidents soar by 986% over five years

The Reserve Bank of India (RBI) has revealed that over Rs 7,961 crore (about $954 million) worth of 2000-rupee banknotes have not been deposited and still remain in circulation, even after the withdrawal of the high-value denomination from the system.

RBI says $954mn worth of withdrawn 2000-rupee banknotes remain in circulation

Now, we turn our attention to the bull run in Indian stocks. The real question for Friday's trade is: can the Indian stock market sustain the sharp surge in recent weeks? Or, will profit booking kick in? After breaching multiple milestones this week, Indian shares hit fresh records on Thursday. Benchmark indices set multiple new milestones for the second straight session, surpassing key levels.

Can Sensex & Nifty at new all-time highs surge further?

The Reserve Bank of India's half-yearly report for risk assessment in the financial sector presents a collective assessment of the stability of the global & India's financial system.

RBI's Financial Stability Report: India's assessment of the global economy

India's Kotak Mahindra Bank is eying offline expansion months after the Reserve Bank of India barred the private lender from digital customer sourcing. The Bank is looking to add about 175 to 200 branches in the Financial year 2024-25.

Kotak goes 'offline:' India's Kotak Mahindra Bank eyes 200 additional branches by 2025

In the June 2024 edition of its monthly bulletin, The Reserve Bank of India highlighted three major themes - The state of the economy, Financial stocks and flow of funds of the Indian economy and India's deposit Insurance system.

RBI bulletin: India’s economic report card for June

The Reserve Bank of India (RBI) warned on Monday (June 17) that rising food costs impede recent gains in lowering inflation, signalling that attempts to reduce prices would continue.

RBI cautions high food prices hampering inflation control efforts

India's robust economic strides continue to impress on the global stage as its foreign exchange reserves soar to unprecedented heights, reaching a remarkable milestone of USD 655.817 billion. This achievement, reported by the Reserve Bank of India, reflects india's steadfast commitment to securing its financial stability amidst a dynamic global landscape.

India's Forex reserves surge

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