RBI Archives - PGurus

Debt-ridden industrialist Anil Ambani challenged SBI’s move to classify his and Reliance Communications’ accounts as fraud, but the Bombay HC upheld the bank’s decision citing RBI guidelines

Bombay HC dismisses Anil Ambani’s plea against SBI classification of his...

Team PGurus - October 3, 2025 0

Setback to Anil Ambania's Bombay HC upholds SBI move to classify loan account as ‘fraud’ The Bombay High Court on Friday dismissed a petition filed...

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs.2,100 crore

Banking

RBI directs IndusInd to complete remedial action this month; assures customers...

Team PGurus - March 15, 2025 0

RBI confirms IndusInd Bank's stability Days after the big crash of shares of IndusInd Bank, the Reserve Bank of India (RBI) on Saturday assured customers...

Threatening email was received on the official website of the Reserve Bank of India

Law and Order

RBI gets bomb threat via email in Russian language, investigation underway

PGurus Newsdesk - December 13, 2024 0

Bomb threats target RBI The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, prompting the police to file a...

The decision followed a 4-2 vote by the MPC after evaluating the current macroeconomic conditions

Economy

RBI maintains repo rate at 6.5%, announces gradual reduction in Cash...

PGurus Newsdesk - December 6, 2024 0

RBI cuts cash reserve ratio by 50 bps to 4% to address liquidity woes The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), led...

Share of gold in India’s total foreign exchange reserves rose from 8.15% at the end of March to approximately 9.32% by the end of September

Finance

Domestic gold reserves reach 60% of total as RBI reports significant...

PGurus Newsdesk - October 30, 2024 0

RBI boosts domestic gold reserves by 102 tonnes in April-September As global gold prices soar amidst geopolitical tensions, the Reserve Bank of India (RBI) has...

Nearly Rs.81 lakh crore transactions processed exhibiting a staggering 37% increase

Banking

India’s UPI surpasses world’s leading digital payment platforms; Rs.81L Cr worth...

PGurus Newsdesk - August 31, 2024 0

UPI: The world’s favourite payment method achieves a remarkable milestone India's Unified Payments Interface (UPI) has achieved a remarkable milestone, processing nearly Rs.81 lakh crore...

Draft regulations under FEMA and directions to Authorised Dealer banks are available on RBI’s website for public response

Commerce

RBI introduces draft regulations aimed at streamlining export and import transactions

PGurus Newsdesk - July 2, 2024 0

New RBI draft regulations to simplify export and import deals On Tuesday, the Reserve Bank of India (RBI) came out with new draft regulations and...

GDP growth in the first quarter of 2024-25 is likely to be at 7.3 percent, 7.2 percent in Q2, 7.3 percent in Q3, and 7.2 percent in the last quarter

Economy

RBI raises GDP growth forecast for 2024-25 to 7.2%

PGurus Newsdesk - June 7, 2024 0

RBI keeps the repo rate unchanged at 6.5%to maintain balance between growth and inflation Expecting the economy to continue on a high growth trajectory the...

Rising foreign exchange reserves are positive for the economy as they reflect an ample supply of dollars that help to strengthen the rupee

Finance

India’s forex reserves touch $641.6 bn; marks a surge of $3.7...

PGurus Newsdesk - May 11, 2024 0

India’s foreign exchange reserves a reflection of the strength of Indian economy: RBI Governor In the biggest gain in close to two months, India's foreign...

Who are all holding this high-value currency worth Rs.7961 crores?

Banking

Rs.7961 crores worth Rs.2000 notes not yet returned, says RBI. 97.76%...

Team PGurus - May 2, 2024 0

RBI says 2.24% of Rs.2000 notes have not yet been returned Despite the withdrawal of Rs.2000 bank notes, after almost a year, around Rs.7961 crores...