In a recent announcement on Tuesday, the Reserve Bank of India (RBI) revealed that 88 per cent of the country's highest denomination 2000-rupee currency notes, amounting to 3.

RBI's currency cleanup: 2000-rupee notes vanish as 88% of currency returned since May

Union Finance Minister Nirmala Sitharaman on Monday instructed public and private banks to refrain from threatening borrowers during the process of loan recovery and added that they need to deal with the situation in a humane and sensitive manner.

"Approach with humanity...": Nirmala Sitharaman to banks on loan recovery

India's path to achieving developed nation status has been outlined in a recent research paper published in the Central Bank's monthly bulletin. The report reveals that India must sustain an annual growth rate of 7.

India requires 7.6 percent annual growth for 25 years to attain developed nation status: RBI bulletin

India has made remarkable progress in its fight against multidimensional poverty, according to the latest report released by the National Institution for Transforming India (NITI Aayog).

Mission Possible: India's multidimensional poverty plummets ahead of schedule

India’s retail inflation jumped to a three-month high of 4.81 per cent on account of higher food prices, but remains within the tolerable range of the Reserve Bank of India (RBI), the government data showed on Wednesday.

India’s retail inflation jumps to three-month high of 4.81% due to higher food prices

The Reserve Bank of India (RBI) unveiled a groundbreaking draft regulation that grants debit, credit, and prepaid cardholders the authority to select their desired card network.

Credit card network revolution: RBI grants Indian customers the power to choose

In a groundbreaking move the Reserve Bank of India(RBI) has introduced a draft regulation that gives debit credit and prepaid cardholders the freedom to choose the Preferred Card Network. This regulation challenges the existing properties where current Network options are predetermined by agreements between the issuers and even networks. The RBI aims to promote customer choice and flexibility enhancing competition in the credit card markets.

RBI is transforming India's credit card industry by promoting customer choice and flexibility

India is witnessing a major economic shift, which can reshape the consumer spending landscape in India. It is a shift which is already mirroring patterns observed in the United States.

Decoded: The growing credit card frenzy in India

State-run banks' gross non-performing assets (GNPAs) from the credit card segment have doubled to 18 per cent at the end of FY23, the Reserve Bank of India said on Wednesday.

Credit card NPAs for state-run banks zoom to 18% at FY23-end: RBI

The price of tomatoes have exponentially risen over the last two days, with a massive hike in the price of the vegetable in Delhi NCR, Mumbai, Bengaluru and more prominent cities in India. This is leading to massive loss being incurred by farmers, despite tomatoes being a staple food across India. Watch this to know more.

Tomato prices in India: What's driving the hike? All you need to know

Governor of Reserve Bank of India Shaktikanta Das said on Monday (June 26) that the impact of the withdrawal of Rs 2,000 currency notes on the economy will be "very very marginal" as the notes accounted for only 10.

'Very very marginal' impact on economy: RBI governor on Rs 2,000 note withdrawal

RBI governor Shaktikanta Das has received the 'Governor of the Year' award at London's Central Banking Awards 2023. Das has been awarded for his pivotal role in implementing critical reforms, driving world-leading payment innovations, and steering India through challenging times with exceptional leadership skills.

Shaktikanta Das named ‘Governor of the Year’ at London Central Banking Awards 2023

The Reserve Bank of India (RBI) has unanimously decided not to raise the Repo Rate as it expects retail inflation to decline further after it eased in April. RBI’s Monetary Policy Committee— which is responsible for fixing the benchmark interest rate— announced its decision following a meeting on Thursday.

Reserve Bank of India keeps Repo Rate unchanged at 6.5%

The Reserve Bank of India (RBI) declared its second instance of maintaining the interest rates at the same level, indicating successful outcomes from RBI monetary policy measures. RBI Governor Shaktikanta Das announced that the repo rate would remain unchanged at 6.5%.

India skips rate hike in June policy meet

India's Central Bank - the Reserve Bank of India - is all to meet for three days, starting today. In the meeting, the Central Bank is expected to announce its latest monetary policy. Now, all eyes are on RBI governor Shaktikanta Das - will he cut rates or keep it unchanged?

India's RBI to meet over monetary policy

India's economy beat expectations to grow at 6.1 percent between January and March 2023. That's not all the government now estimates that the economy grew at 7.2 percent between April 2022 and March of 2023. The financial year 23 data will be music to the years of India's policymakers who have been promoting India as a bright spot in an otherwise gloomy economy. The latest data released by India's Statistics Ministry beat the estimates made by India's Central Bank The Reserve Bank of India which had predicted 5.1 percent growth in the first three months of 2023.

India: A truly 'bright spot' in world economy | Business News

Almost seven years after introducing it into the Indian currency denomination, the country’s central bank, the Reserve Bank of India (RBI), has decided to withdraw Rs 2,000 banknotes.

Explained | Will withdrawal of Rs 2,000 banknotes impact the Indian economy?

While the world grapples with the tremors of a banking crisis in the United States, India stands tall as a beacon of resilience and economic strength. Despite the challenges posed by external factors, India's growth trajectory remains steadfast, supported by a robust banking sector and a steadfast commitment to financial stability.

From Crisis to Confidence: RBI Says India's Growth Momentum Shines Bright

The Reserve Bank of India removed 2,000 rupee notes from circulation on Friday. Until September 30, 2023, the central bank has invited banks to offer 2,000 note deposit and exchange services.

Deposits or Exchange? Bank sends mixed signals

Indian banks exchange Rs 2,000 notes ahead of Demonetisation 2.0

The Reserve Bank Of India (RBI) stated that India’s growth momentum was intact in the march quarter. The inflation outcome is also set to be better than the forecast. This comes as the RBI pushes for stronger governance and risk management

Indian economy stable amidst US banking chaos

The withdrawal of INR 2,000 currency notes from circulation may actually boost India’s economy temporarily. As per economists, consumers in India might use Rs 2,000 notes to snap up costly products, such as jewellery and real estate, in order to quickly get rid of them.

Indians rush to jewellery stores, petrol pumps after Rs 2,000 note withdrawal

The Reserve Bank of India (RBI) on Friday announced the withdrawal of the ₹2,000 denomination notes from circulation, advised people to exchange or deposit the notes by September 30.

India's Rs. 2000 note ban results in social media circus

India's central bank, as part of its 'Clean Note Policy', declared that ₹2,000 currency notes will no longer be in circulation in the world’s fifth largest economy.

What will RBI do with your out-of-use ₹2,000 currency notes?

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