Tag: Rbi

Although the Reserve Bank pared its inflation estimate from its February projection of 5.3 per cent, RBI Governor Shaktikanta Das said the inflation outlook remains dynamic amid the recent jump in crude oil prices on account of OPEC decision to cut output.

The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022.

Since May last year, the Reserve Bank of India has been hiking interest rates to control inflation.

"There will be a 25 bps increase (in repo rate) and change in stance -- to neutral. The decision won't be unanimous as last time. There will be a pause after the hike," Madan Sabnavis, Chief Economist, Bank of Baroda said.

RBI introduces guidelines to protect borrowers from harassment by finance agents, prohibiting humiliation, after-hours calls, surprise visits, and harsh recovery methods.

Eligible and interested candidates can apply online through the official site of RBI at rbi.org.in.

In a letter to all agency banks on Tuesday, the RBI said that all government transactions done by agency banks for 2022-23 must be accounted for within the same financial year.

The "State of the Economy" chapter of Reserve Bank of India's (RBI) monthly bulletin for March 2023, released on Tuesday, noted that "on the supply side, agriculture is into a seasonal uptick, industry is emerging out of contraction and services have maintained momentum.

Learn how to claim compensation for failed transactions as per RBI guidelines with this informative guide.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the entity with its customers.

Bill Gates recently indicated that he wants to do business-related activities in India.

Rahul along with two co-passengers Abdul Irfan and Arpudharaj were supposed to travel to Chennai by another flight, said the official.

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent.

These are part of the Rs 16,000 crore sovereign green bond auction that the RBI will conduct in the current fiscal.

In addition to this, banks have been advised to make necessary arrangements to facilitate execution of the revised agreements by ensuring the availability of stamp papers, etc, a statement by RBI said.