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RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
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RBI Projects India's Real GDP Growth For 2024-25 At 7%
The Reserve Bank of India (RBI) has projected the real GDP growth for 2024-25 at 7.0 per cent. "Real GDP growth for 2024-25 is projected at 7.0 per cent with risks evenly balanced," the RBI said in its annual report released on Thursday.
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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
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Almost 80,000 Pieces Of Fake Rs 500 Notes Found In 2021-22: RBI
The number of fake currency note of Rs 500 denomination detected by the banking system more than doubled to 79,669 pieces in 2021-22 over last year
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Inflation Countervailing Policy When Growth Should've Been Priority: RBI
The Reserve Bank of India's annual report showed that the persistence of high inflation is forcing countervailing monetary policy action at a time when supporting the economic recovery should have been the priority.
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Global Economy To Suffer Significant Loss, But India Better Placed: RBI
RBI Annual Report: The global recovery is expected to suffer a significant loss of momentum in 2022, the Reserve Bank of India's annual report showed.
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Service Sector Contraction Unprecedented In Indian History: RBI Report
RBI Annual Report: On the industrial sector, the central bank said that gross value addedgrowth in the industry contracted sharply by 7.4 per cent.
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Inflation Remained High During 2020-21 Owing To Covid-Led Disruptions: RBI Report
RBI Annual Report: Public finances were impacted by a cyclical slowdown in revenues, which was exacerbated by Covid-19.
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RBI Governor Should Send Multiple Copies Of Annual Report To PM: P Chidambaram
Congress leader P Chidambaram on Wednesday targeted the BJP-led government over the Reserve Bank of India's (RBI) 2019-20 annual report and said it is difficult to find any other instance when a central bank Governor is so "royally ignored" by the Centre.
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"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
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Not A Single Rs 2,000 Note Printed In 2019-20: RBI Annual Report
On the other hand, the circulation of currency notes of denomination of Rs 500 and Rs 200 has gone up substantially
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Economic Contraction To Likely Extend To September Quarter: RBI Annual Report
Economic upticks visible in May and June after the easing of coronavirus-related lockdown appear to have lost strength in July and August, mainly due to the re-imposition of restrictions, the Reserve Bank of India said on Tuesday. That suggests that contraction in the country's GDP or gross domestic product will "likely prolong into" the second qua...
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RBI Sees Corporate Governance 'Fault Lines' At Some Lenders
In its annual report on Trends and Progress of Banking in India, the central bank highlighted the possibility of defaults rising in the retail lending space after the economy slowed to 4.5 per cent in the July-September quarter, its weakest pace since 2013.
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RBI Bars Punjab & Maharashtra Cooperative Bank From Business Transactions
As per the PMC Bank's latest Annual Report, it has deposits of over Rs 11,617 crore and loans/outstandings of Rs 8,383 crore.
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RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
RBI Projects India's Real GDP Growth For 2024-25 At 7%
The Reserve Bank of India (RBI) has projected the real GDP growth for 2024-25 at 7.0 per cent. "Real GDP growth for 2024-25 is projected at 7.0 per cent with risks evenly balanced," the RBI said in its annual report released on Thursday.
-
Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
-
Almost 80,000 Pieces Of Fake Rs 500 Notes Found In 2021-22: RBI
The number of fake currency note of Rs 500 denomination detected by the banking system more than doubled to 79,669 pieces in 2021-22 over last year
-
Inflation Countervailing Policy When Growth Should've Been Priority: RBI
The Reserve Bank of India's annual report showed that the persistence of high inflation is forcing countervailing monetary policy action at a time when supporting the economic recovery should have been the priority.
-
Global Economy To Suffer Significant Loss, But India Better Placed: RBI
RBI Annual Report: The global recovery is expected to suffer a significant loss of momentum in 2022, the Reserve Bank of India's annual report showed.
-
Service Sector Contraction Unprecedented In Indian History: RBI Report
RBI Annual Report: On the industrial sector, the central bank said that gross value addedgrowth in the industry contracted sharply by 7.4 per cent.
-
Inflation Remained High During 2020-21 Owing To Covid-Led Disruptions: RBI Report
RBI Annual Report: Public finances were impacted by a cyclical slowdown in revenues, which was exacerbated by Covid-19.
-
RBI Governor Should Send Multiple Copies Of Annual Report To PM: P Chidambaram
Congress leader P Chidambaram on Wednesday targeted the BJP-led government over the Reserve Bank of India's (RBI) 2019-20 annual report and said it is difficult to find any other instance when a central bank Governor is so "royally ignored" by the Centre.
-
"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
-
Not A Single Rs 2,000 Note Printed In 2019-20: RBI Annual Report
On the other hand, the circulation of currency notes of denomination of Rs 500 and Rs 200 has gone up substantially
-
Economic Contraction To Likely Extend To September Quarter: RBI Annual Report
Economic upticks visible in May and June after the easing of coronavirus-related lockdown appear to have lost strength in July and August, mainly due to the re-imposition of restrictions, the Reserve Bank of India said on Tuesday. That suggests that contraction in the country's GDP or gross domestic product will "likely prolong into" the second qua...
-
RBI Sees Corporate Governance 'Fault Lines' At Some Lenders
In its annual report on Trends and Progress of Banking in India, the central bank highlighted the possibility of defaults rising in the retail lending space after the economy slowed to 4.5 per cent in the July-September quarter, its weakest pace since 2013.
-
RBI Bars Punjab & Maharashtra Cooperative Bank From Business Transactions
As per the PMC Bank's latest Annual Report, it has deposits of over Rs 11,617 crore and loans/outstandings of Rs 8,383 crore.
