RBI to issue new series of 100 & 200 denomination Notes
AMN The Reserve Bank of India announced that it will soon issue 100 and 200 rupees denomination banknotes in the Mahatma Gandhi (New) Series. The RBI said that the design…
RBI reviews MSME’s crucial role in country’s economy
AMN The 29th Meeting of the Standing Advisory Committee on Micro, Small and Medium Enterprises, MSME, credit flow took place in Ahmedabad today. RBI Deputy Governor, Swaminathan J, highlighted the…
India’s private sector companies made higher profits, reduced debt: RBI
India’s private sector companies made more profit and reduced debt during 2023-24. The operating profit margin as well as net profit margin improved across major sectors while their debt burden…
RBI imposes monetary penalty of Rs 39 lakh on Citibank
The Reserve Bank of India, RBI has imposed a monetary penalty of thirty nine lakh rupees on Citibank for non-compliance with certain directions related to Large Exposures Framework and Furnishing…
India’s Forex Reserves Dip by $2.54 Billion After 3 Weeks of Growth: RBI
AMN India’s foreign exchange reserves dropped by 2.54 billion dollars, reaching over 635.7 billion dollars in the week ending February 14, according to the latest data released by the Reserve…
RBI to Conduct $10 Billion Dollar-Rupee Swap Auction on 28th February
The Reserve Bank has announced a long-term dollar-rupee swap auction for ten billion dollars on 28th February 2025. According to an official press release, the auction will be for a…
India’s Forex Reserves Surge by $7.65 Billion, Cross $638.26 Billion Mark
India’s foreign exchange reserves increased by over 7.65 billion dollars, reaching over 638.26 billion dollars in the week ending February 7, according to the latest data released by the Reserve…
RBI asks Banks to Remain Open for Govt Transactions on March 31
The Reserve Bank of India (RBI) has advised all agency banks to keep all their branches dealing with government business open on March 31, 2025. RBI said that the Government…
RBI is ensuring that it buys enough gold to maintain an adequate reservoir: FM Sitharaman
The Government today said the Reserve bank of India is ensuring that it buys enough gold to maintain an adequate reservoir and not just a ‘basket’ of currencies. Replying to…
Over 54 Cr Jan Dhan Accounts Opened; Women Hold 55% Share: FM Sitharaman
Over 54 crore bank accounts have been opened in the country till January this year under PM Jan Dhan Yojana. In a written reply in the Lok Sabha, Finance Minister…