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Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

Rise in government borrowing can weigh on corporate sector: Acharya

Acharya is leaving the central bank on Tuesday, six months before the scheduled end of his term in office, citing...

23 July 2019 9:15 AM IST

Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.

Inter-ministerial group suggests ban on cryptocurrencies in India

The panel also suggested a draft legislation -- Banning of Cryptocurrency & Regulation of Official Digital Currency...

22 July 2019 7:17 PM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

Das says change in stance as good as additional 25-basis-point rate...

RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.

22 July 2019 2:26 PM IST

Shaktikanta Das

Shaktikanta Das meets PSB heads, reiterates call for faster...

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

20 July 2019 10:54 AM IST

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

First time in a month, forex reserves fall by USD 1.11 billion

The country's reserve position with the fund also declined by USD 1.5 million to USD 3.345 billion.

20 July 2019 9:46 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Jalan panel finalises report on RBI capital; surplus transfer to govt...

The panel has finalised its report and no further meeting will take place, sources said after the meeting concluded...

17 July 2019 2:18 PM IST

Reserve Bank of India (RBI)

RBI slaps Rs 7 cr penalty on SBI for violating various norms

The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms.

16 July 2019 8:54 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI to come out with mobile app for currency notes identification

RBI has been sensitive to the challenges faced by the visually challenged in conducting their day to day business with...

15 July 2019 9:43 AM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

RBI to come out with mobile app for currency notes identification

RBI said identification of banknote denomination is key to successful completion of cash transactions by visually...

14 July 2019 7:36 PM IST

Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts. (Photo: Allahabadbank.in)

After PNB, Allahabad Bank reports Rs 1,700 crore fraud by indebted...

Allahabad Bank said in a statement that it had told the RBI that it had identified a fraud worth over Rs 1,700 crore in...

14 July 2019 10:33 AM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

Inflation likely rose in June, but below RBI target: report

The fiscal deficit target for this financial year was reduced to 3.3 per cent from 3.4 per cent.

9 July 2019 11:59 AM IST

Reserve Bank of India (RBI)

RBI buys 5.6 t gold in April

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years.

9 July 2019 3:36 AM IST