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A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad granted time to RBI for filing a response
Banking

Delhi High Court grants six weeks to RBI to file reply...

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Delhi HC grants time to RBI to respond to PIL On Monday, the Delhi High Court gave six weeks' time to the Reserve Bank of...
Delhi HC asks Centre, RBI, and SEBI to respond to Swamy’s plea for a probe into the transfer of Yes Bank’s stressed assets to JC Flowers ARC
Law and Order

Subramanian Swamy moves Delhi High Court for probe into Yes Bank...

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Delhi HC seeks Centre, RBI & SEBI response on PIL to form a panel to probe Yes Bank transfer of stress assets portfolio The Delhi...
PM Modi along with his Singaporean counterpart Lee Hsien Loong witnessed the launch of cross-border connectivity between the UPI and PayNow of Singapore
Banking

Digital transactions to soon exceed cash in India: PM Narendra Modi

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Digital wallet to beat cash volumes Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash with Unified Payments Interface...
The central bank had first announced the borrowing and lending of government securities earlier this month
Laws

RBI issues draft norms for lending, borrowing of government securities

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RBI Governer proposes draft ruless for lending and borrowing of government securities to expand market participation On Friday, the Reserve Bank of India (RBI) issued...
The ongoing pass-through of input costs to output prices, especially in services, could continue to exert pressures on core inflation
Economy

RBI hikes repo rate by 25 bps to 6.50 percent; inflation...

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RBI raises rates to tame inflation On Wednesday, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) hiked the repo rate by 25 basis...
Banks, financial institutions have been advised to follow certain customer identification procedures for opening of accounts and monitoring of transactions
Finance

ED attaches Rs.859 cr proceeds of crime under PMLA in illegal...

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MoS Finance in Rajya Sabha on illegal loan app cases The Reserve Bank of India (RBI) has furnished a list of digital lending apps (DLAs)...
India’s reserve position with the IMF was up by USD 11 million to USD 5.238 billion in the reporting week
Featured

India’s foreign exchange reserves rise to $576 bn in January

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India's foreign reserves rise for the third straight week India's foreign exchange reserves rose to $576.76 billion during the week ending January 27, according to...
GNPA ratio of banks steadily trending down to a seven-year low of 5% in September 2022, while net NNPA have dropped to a ten-year low of 1.3% of total loans
Banking

Reserve Bank’s resolute efforts resulted in material decline in NPAs of...

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RBI tells SC there has been material decline in NPAs due to its efforts The Reserve Bank of India (RBI) has told the Supreme Court...
RBI extends bank locker agreement renewal deadline to Dec 2023, relieves customers from renewal stress
Banking

RBI gives extension for locker agreements renewal till Dec 31

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Banks get time till Dec-end to execute the revised agreement with locker holders On Monday the Reserve Bank of India (RBI) extended the deadline for...
The agency alleged that Mayaram as Finance Secretary granted an 'illegal' three years extension to an 'expired contract'
Corruption

CBI books ex-Finance Secretary Arvind Mayaram for corrupt & dubious contracts...

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CBI files cases against ex-Finance Secy Arvind Mayaram, others; recovers incriminating documents in the raids The Central Bureau of Investigation (CBI) on Thursday conducted searches...
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