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We Are Now Focusing On Making UPI, RuPay Truly Global: RBI Chief
RBI Governor on Wednesday said the central bank is focused on making UPI and RuPay 'truly global' and asked financial institutions and fintech startups to adapt robust frameworks to capitalise on new opportunities while mitigating connected risks.
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Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
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Reserve Bank of India Launches New Website, Mobile Application
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
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RBI to Introduce 'Single Block, Multiple Debits' Feature on UPI for E-Commerce, Investments
The RBI will add a feature on the Unified Payments Interface (UPI) platform that will allow for delayed payments for specific goods and services. The 'single-block-and-multiple debits' feature on the UPI platform will uild higher degree of trust in transactions as merchants will be assured of timely payments, while the funds remain in the customer'...
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"New Storm" In World Economy, But India "Resilient": Central Bank Chief
Shaktikanta Das, Governor of Reserve Bank of India, says that after Covid-19 and Ukraine, "now we are in the midst of a third major shock, a storm..."
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0.50% Rate Hike Is The "New Normal" Across The World, Says RBI Governor
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.
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50 BPS Hike Is "New Normal" World Over, Says RBI Governor: Highlights
The Reserve Bank of India hikes its key lending rate by 50 basis points to 5.40 percent, the highest since 2019 and for the third time since the beginning of the current fiscalyear.
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Big Tech's Play In Finance Poses Systematic Concerns: RBI Governor
Big technology companies' play in the financial The entry of firms like Google, Amazon and Facebook (Meta), or big tech companies, into the financial sector also poses question marks around competition and data privacy. "They (big tech firms) carry risks, which need to be properly assessed and dealt with," Mr Das said while speaking at Modern BFSI...
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Russia-Ukraine War Led To Globalisation Of Inflation: RBI Governor
RBI Governor Shaktikanta Das on Wednesday said the Russia-Ukraine war has led to globalisation of inflation and is posing new challenges, as the central bank upped the inflation projection to 6.7 per cent for current fiscal year.
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RBI Governor Shaktikanta Das Launches ‘123Pay’ UPI Service for Over 40 Crore Feature Phone Users
RBI Governor Shaktikanta Das launched a new service, which will enable over 40 crore feature phone users to undertake digital payments in a secure way.
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India's GDP Growth Likely To Improve In March Quarter? Key Indicators To Watch
Q4 GDP Data Preview: According to a poll conducted by news agency Reuters, economists warned the outlook is either 'weak and prone to further downgrades' or 'fragile, with a limited downside.'
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Rabi Sankar Named New Deputy Governor Of RBI
Mr Sankar is likely to succeed B.P. Kanungo who retired last month as the deputy governor in charge of currency management, external investments, operations, payment and settlement system
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Silver Lining Is Visible In Fight Against COVID-19: RBI Governor Shaktikanta Das
The economy has been worst hit by the pandemic among major countries amid a continued rises in new infections, but the RBI Governor said there are encouraging signs of a business turnaround.
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RBI Predicts -9.5% GDP For 2020-21, Keeps Rates Unchanged: 10 Points
RBI Governor Shaktikanta Das said today that the country's economy is likely to contract 9.5 per cent in the current financial year, "with risks tilted to the downside", while maintaining a status quo on policy rates citing high inflation. The GDP may break out of the coronavirus-induced contraction and turn positive by the fourth quarter of 2020, ...
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Will Rates Be Paused? Shaktikanta Das-Led RBI To Announce Policy Today
RBI Governor Shaktikanta Das-led Monetary Policy Committee will today reveal its policy decision at the end of talks that began on Wednesday. Most economists expect the central bank to keep policy rates at existing levels as inflation has remained above its comfort zone for five straight months, amid a jump in food prices, despite strategic removal...
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We Are Now Focusing On Making UPI, RuPay Truly Global: RBI Chief
RBI Governor on Wednesday said the central bank is focused on making UPI and RuPay 'truly global' and asked financial institutions and fintech startups to adapt robust frameworks to capitalise on new opportunities while mitigating connected risks.
-
Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
-
Reserve Bank of India Launches New Website, Mobile Application
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
-
RBI to Introduce 'Single Block, Multiple Debits' Feature on UPI for E-Commerce, Investments
The RBI will add a feature on the Unified Payments Interface (UPI) platform that will allow for delayed payments for specific goods and services. The 'single-block-and-multiple debits' feature on the UPI platform will uild higher degree of trust in transactions as merchants will be assured of timely payments, while the funds remain in the customer'...
-
"New Storm" In World Economy, But India "Resilient": Central Bank Chief
Shaktikanta Das, Governor of Reserve Bank of India, says that after Covid-19 and Ukraine, "now we are in the midst of a third major shock, a storm..."
-
0.50% Rate Hike Is The "New Normal" Across The World, Says RBI Governor
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.
-
50 BPS Hike Is "New Normal" World Over, Says RBI Governor: Highlights
The Reserve Bank of India hikes its key lending rate by 50 basis points to 5.40 percent, the highest since 2019 and for the third time since the beginning of the current fiscalyear.
-
Big Tech's Play In Finance Poses Systematic Concerns: RBI Governor
Big technology companies' play in the financial The entry of firms like Google, Amazon and Facebook (Meta), or big tech companies, into the financial sector also poses question marks around competition and data privacy. "They (big tech firms) carry risks, which need to be properly assessed and dealt with," Mr Das said while speaking at Modern BFSI...
-
Russia-Ukraine War Led To Globalisation Of Inflation: RBI Governor
RBI Governor Shaktikanta Das on Wednesday said the Russia-Ukraine war has led to globalisation of inflation and is posing new challenges, as the central bank upped the inflation projection to 6.7 per cent for current fiscal year.
-
RBI Governor Shaktikanta Das Launches ‘123Pay’ UPI Service for Over 40 Crore Feature Phone Users
RBI Governor Shaktikanta Das launched a new service, which will enable over 40 crore feature phone users to undertake digital payments in a secure way.
-
India's GDP Growth Likely To Improve In March Quarter? Key Indicators To Watch
Q4 GDP Data Preview: According to a poll conducted by news agency Reuters, economists warned the outlook is either 'weak and prone to further downgrades' or 'fragile, with a limited downside.'
-
Rabi Sankar Named New Deputy Governor Of RBI
Mr Sankar is likely to succeed B.P. Kanungo who retired last month as the deputy governor in charge of currency management, external investments, operations, payment and settlement system
-
Silver Lining Is Visible In Fight Against COVID-19: RBI Governor Shaktikanta Das
The economy has been worst hit by the pandemic among major countries amid a continued rises in new infections, but the RBI Governor said there are encouraging signs of a business turnaround.
-
RBI Predicts -9.5% GDP For 2020-21, Keeps Rates Unchanged: 10 Points
RBI Governor Shaktikanta Das said today that the country's economy is likely to contract 9.5 per cent in the current financial year, "with risks tilted to the downside", while maintaining a status quo on policy rates citing high inflation. The GDP may break out of the coronavirus-induced contraction and turn positive by the fourth quarter of 2020, ...
-
Will Rates Be Paused? Shaktikanta Das-Led RBI To Announce Policy Today
RBI Governor Shaktikanta Das-led Monetary Policy Committee will today reveal its policy decision at the end of talks that began on Wednesday. Most economists expect the central bank to keep policy rates at existing levels as inflation has remained above its comfort zone for five straight months, amid a jump in food prices, despite strategic removal...
