News for 'Reserve Bank'

It's Official! Kerala to host Messi-Led Argentina!

It's Official! Kerala to host Messi-Led Argentina!

Rediff.com23 Aug 2025

The match will take place between November 10 and 18, and is likely to be played Kochi.

'Phenomenon That Takes Place Once In A Century'

'Phenomenon That Takes Place Once In A Century'

Rediff.com6 Oct 2025

This is the longest winning streak for gold in the last three decades.

PSBs share in loans rises sharply in FY25

PSBs share in loans rises sharply in FY25

Rediff.com10 Apr 2025

The pace of loan growth among public sector banks (PSBs) has seen a surge in the financial year 2024-25, and this is an exception to the overall moderation in bank credit during FY25. PSU banks' share in incremental credit rose to 57.3 per cent in March from 51.7 per cent a year ago, according to the Reserve Bank of India's (RBI's) Monetary Policy Report (April 2025).

RBI extends trading hours of call money, repo, tri-party repo markets

RBI extends trading hours of call money, repo, tri-party repo markets

Rediff.com26 Jun 2025

The Reserve Bank of India (RBI) has extended the trading hours for the interbank call money market from July 1, and that of repo and tri-party repo markets from August 1. Market participants said the decision is intended to help reduce the large Standing Deposit Facility (SDF) balances held by banks with the RBI, thereby addressing liquidity mismatches.

India's forex kitty drops $5.69 bn to $634.58 bn

India's forex kitty drops $5.69 bn to $634.58 bn

Rediff.com10 Jan 2025

India's forex reserves dropped by $5.69 billion to $634.58 billion in the week ended January 3, the Reserve Bank of India said on Friday. In the previous reporting week, the overall kitty had declined by $4.11 billion to $640.28 billion.

Forex reserves decline by $2.36 bn to $583.53 bn

Forex reserves decline by $2.36 bn to $583.53 bn

Rediff.com27 Oct 2023

India's forex reserves declined by $2.36 billion to $583.53 billion during the week ended October 20, according to the Reserve Bank of India data. In the previous reporting week, the overall reserves had increased by $1.15 billion to $585.89 billion. In October 2021, the country's forex kitty reached an all-time high of $645 billion.

RJD pointed a katta at Cong's head: Modi in Bihar

RJD pointed a katta at Cong's head: Modi in Bihar

Rediff.com2 Nov 2025

Prime Minister Narendra Modi on Sunday claimed that the Congress had been unwilling to accept Tejashwi Yadav as the Indian National Developmental Inclusive Alliance (INDIA) chief ministerial candidate and relented only after the Rashtriya Janata Dal pointed a 'katta', an unlicensed country-made gun, at its head.

Inflation and interest rates: What is the Reserve Bank's policy?

Inflation and interest rates: What is the Reserve Bank's policy?

Rediff.com7 Jan 2015

A comprehensive technical framework needed, from which a more convincing policy could be demonstrated

Sensex jumps 595 pts as India, US begin trade talks

Sensex jumps 595 pts as India, US begin trade talks

Rediff.com16 Sep 2025

Among Sensex firms, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, Maruti, Bharti Airtel and Tata Steel were the major gainers. However, Asian Paints and Bajaj Finance were the laggards.

Dr Ramakanta Panda's Heart Beats For Wildlife Too

Dr Ramakanta Panda's Heart Beats For Wildlife Too

Rediff.com29 Sep 2025

Dr Ramakanta Panda's unique exhibition, titled Heartbeats -- Wildlife, Our Shared Future, features a compelling collection of over 200 photographs centred around the theme of wildlife conservation.

Trade war hit on India likely to be limited: RBI

Trade war hit on India likely to be limited: RBI

Rediff.com23 Apr 2025

The Indian economy could remain less affected by global trade wars than other countries because the two engines of domestic growth - consumption and investment - are likely to face a limited impact from such headwinds, according to an article on the 'State of the Economy' in the Reserve Bank of India's (RBI's) bulletin, released on Tuesday.

'Indian markets closed at three-week high'

'Indian markets closed at three-week high'

Rediff.com12 Sep 2025

From the Sensex firms, Bharat Electronics, Bajaj Finance, Bajaj Finserv, Axis Bank, Maruti and Tata Motors were among the gainers. However, Eternal, Hindustan Unilever, Trent and Titan were the major laggards.

IndusInd Bank stock tanks 27 pc after Rs 2,100 cr accounting lapse

IndusInd Bank stock tanks 27 pc after Rs 2,100 cr accounting lapse

Rediff.com11 Mar 2025

IndusInd Bank on Tuesday fire-fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses.

Why D-Street is positive on 2-wheeler stocks

Why D-Street is positive on 2-wheeler stocks

Rediff.com10 Sep 2025

Given the stronger rural activity, and potential goods and services tax (GST) impact, investors are bullish on the two-wheeler (2W) segment. In August, dealers in the domestic market picked up 11 per cent more 2Ws year-on-year (Y-o-Y), despite only 2 per cent growth in retail registrations. This indicates inventory stocking ahead of the festival season. Export trends were good. TVS Motor and Royal Enfield may have gained domestic market share.

Meet next CJI who gave Kejri bail; SIR, Art 370 verdicts

Meet next CJI who gave Kejri bail; SIR, Art 370 verdicts

Rediff.com27 Oct 2025

Justice Surya Kant is set to become the 53rd Chief Justice of India, bringing extensive experience and a record of significant verdicts on key issues.

Forex reserves drop $3.79 bn to $586.91 bn

Forex reserves drop $3.79 bn to $586.91 bn

Rediff.com6 Oct 2023

India's forex reserves dropped further by $3.79 billion to $586.91 billion for the week ended September 29, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had declined by $2.33 billion to $590.70 billion as of September 22. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.

How UPI, AePS, Wallets Are Changing India

How UPI, AePS, Wallets Are Changing India

Rediff.com24 Jul 2025

UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.

Manufacturing dominated new projects in Q1, share at 10-quarter high

Manufacturing dominated new projects in Q1, share at 10-quarter high

Rediff.com21 Jul 2025

More than half of all new project announcements in the June 2025 quarter came from the manufacturing sector. Manufacturing projects worth around Rs 2.3 trillion were announced in the three-month period, accounting for 54 per cent of total new projects, according to data from the Centre for Monitoring Indian Economy (CMIE).

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

Rediff.com17 Jul 2025

State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto Rs 25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of Rs 811.05, which is at a 2.5 per cent discount on Wednesday's closing price.

Sanjay Malhotra takes charge as RBI's 26th Governor

Sanjay Malhotra takes charge as RBI's 26th Governor

Rediff.com11 Dec 2024

Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers. The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.

Indian services sector growth hits 11-month high in July

Indian services sector growth hits 11-month high in July

Rediff.com5 Aug 2025

The Indian services sector growth touched an 11 month high in July, supported by a pickup in new exports orders and sharp rise in overall sales, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 60.5 in July, little-changed from 60.4 in June, and the rate of expansion was the best seen since August 2024.

Fresh US tariffs unnerve investors; Sensex down 380 points

Fresh US tariffs unnerve investors; Sensex down 380 points

Rediff.com9 Apr 2025

State Bank of India, Tech Mahindra, Larsen & Toubro, Tata Steel, Sun Pharma, Infosys, HCL Tech, Axis Bank, Tata Consultancy Services and NTPC were among the biggest laggards among Sensex shares. Nestle, Hindustan Unilever, Titan, Power Grid, UltraTech Cement and ITC were among the gainers.

Banks post sixth year of profit growth in FY24, bad loans decline further

Banks post sixth year of profit growth in FY24, bad loans decline further

Rediff.com27 Dec 2024

Commercial banks in India reported a sixth consecutive year of rise in their net profits in 2023-24 while bad loans continued to fall, according to the Reserve Bank of India's (RBI's) annual publication "Trends and Progress of Banking in India", released on Thursday. "Banks' profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets (RoA) at 1.4 per cent and return on equity (RoE) at 14.6 per cent," the report said.

Bihar polls: Gehlot meets Lalu, Tejashwi as Congress, RJD patch up

Bihar polls: Gehlot meets Lalu, Tejashwi as Congress, RJD patch up

Rediff.com22 Oct 2025

Internal discord within the INDIA bloc has led to alliance partners contesting against each other in at least eight assembly seats in Bihar. The Congress, RJD, and Left parties are facing challenges in seat-sharing arrangements for the upcoming elections.

RBI Guv hints at more rate cuts in coming months

RBI Guv hints at more rate cuts in coming months

Rediff.com9 Apr 2025

After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers.

Is Pakistan's Rise Wake-Up Call For India?

Is Pakistan's Rise Wake-Up Call For India?

Rediff.com22 Oct 2025

New Delhi might have loudly welcomed an age of multipolarity, hedging and strategic autonomy. But it seems the winner in that game is Islamabad, not us, points out Mihir S Sharma.

RBI's diktat to banks for issuance of credit cards

RBI's diktat to banks for issuance of credit cards

Rediff.com6 Mar 2024

Reserve Bank has directed banks to provide their eligible customers with an option to choose from multiple card networks at the time of issuing credit or debit cards, a move which will benefit card users. The central bank also asked issuers of credit cards not to enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks.

Home loan rates may fall to 8%: Realty experts

Home loan rates may fall to 8%: Realty experts

Rediff.com7 Jun 2025

Housing demand should improve nationwide after the Reserve Bank of India (RBI) cut the repo rate by a larger-than-expected 50 basis points (bps) on Friday, said real estate industry executives. The rate cut comes after housing sales in top Indian cities in the first quarter of 2025 dipped 28 per cent due to skyrocketing residential property prices and geopolitical headwinds, according to Anarock.

Govt, UPI To Set Up Real-Time Payment Tripwire

Govt, UPI To Set Up Real-Time Payment Tripwire

Rediff.com4 Jul 2025

Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

Rediff.com1 May 2025

The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.

What RBI's 50 bps rate cut mean for the 'aam aadmi'

What RBI's 50 bps rate cut mean for the 'aam aadmi'

Rediff.com6 Jun 2025

The Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to cut the repo rate by 50 basis points (bps) to 5.5% was contrary to the expectations of many economists. Firstly, most of the economists expected the MPC to cut the repo rate by 25 bps citing the weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity.

India's forex reserves drop $30 mn to $594.86 bn

India's forex reserves drop $30 mn to $594.86 bn

Rediff.com1 Sep 2023

India's forex reserves dropped by $30 million to $594.858 billion for the week ended August 25, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by $7.27 billion to $594.89 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.

BSE, NSE end marginally lower in highly volatile trade

BSE, NSE end marginally lower in highly volatile trade

Rediff.com6 Dec 2024

From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.

US Tariffs May Prompt RBI Rate Cut: Economists

US Tariffs May Prompt RBI Rate Cut: Economists

Rediff.com8 Apr 2025

'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.'

Bank of Baroda barred from onboarding fresh customers on 'bob World'

Bank of Baroda barred from onboarding fresh customers on 'bob World'

Rediff.com10 Oct 2023

The Reserve Bank of India on Tuesday barred state-owned Bank of Baroda from onboarding fresh customers on its mobile application 'bob World' with immediate effect, citing material supervisory concerns. "The Reserve Bank of India has, in exercise of its power, under Section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the 'bob World' mobile application," it said in a statement.

Sitharaman urges banks to make loans affordable

Sitharaman urges banks to make loans affordable

Rediff.com18 Nov 2024

Union Finance Minister Nirmala Sitharaman on Monday said people are finding current interest rates "very stressful" and urged banks to make them affordable. Speaking at an event organised by State Bank of India, the finance minister said that at present, India requires industry to ramp up and invest in new facilities, and added that lowering lending rates can help achieve the "Viksit Bharat" aspiration.

India posts current account surplus of $13.5 bn in Q4FY25: RBI data

India posts current account surplus of $13.5 bn in Q4FY25: RBI data

Rediff.com28 Jun 2025

India posted a current account surplus of $13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with $4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI data released on Friday.

Forex reserves drop by $2.17 bn to $584.74 bn

Forex reserves drop by $2.17 bn to $584.74 bn

Rediff.com13 Oct 2023

The country's forex reserves dropped by a further $2.166 billion to $584.74 billion for the week ended October 6, the RBI said on Friday. India's forex kitty had gone down by $3.79 billion to $586.91 billion in the previous week. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.

IPO Boom Faces Reality Check Amid Market Volatility

IPO Boom Faces Reality Check Amid Market Volatility

Rediff.com28 Oct 2025

More than a third of 83 mainboard IPOs this year ended their debut sessions in the red, with losses of up to 35 per cent.

Forex reserves jump $4.03 bn to $598.89 bn

Forex reserves jump $4.03 bn to $598.89 bn

Rediff.com8 Sep 2023

India's forex reserves jumped by $4.039 billion to $598.89 billion for the week ended September 1, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by $30 million to $594.86 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.