RBI Enforces 3-Year Break for Co-operative Bank Directors Following a Decade of Service
The Reserve Bank of India (RBI) has strengthened governance regulations for Urban Co-operative Banks (UCBs) by limiting the continuous tenure…
RBI Forms Specialist Group to Safeguard Indian Banks and Payment Systems Against Potential Quantum Hacking Risks
The Reserve Bank of India (RBI) has formed an expert committee to investigate the potential advantages, risks, and challenges of establishing…
Key Highlights: RBI Allocates ₹2.87 Lakh Crore Surplus, Markets Close Strong, Hindalco Sees Soaring Q4 Profit, and More
In a significant boost for the Modi government, the Reserve Bank of India has approved a historic surplus transfer of ₹2.87 lakh crore to the…
Highlights: Rupee Recovery, Markets Close Steady, Arvind Panagariya’s Recommendations to RBI on ₹, and More
The rupee made a strong comeback against the US dollar, appreciating by 52 paise to 96.30/$ from the previous close of 96.82/$, supported by…
RBI Suggests Enhanced Basel III Reporting Standards for Banks to Improve Transparency
On Tuesday, the Reserve Bank proposed an updated disclosure framework for banks in accordance with Basel III standards, mandating that lenders…
RBI Revokes Licenses of 150 NBFCs; 7 Additional Firms Voluntarily Relinquish Licenses
The Reserve Bank of India has revoked the Certificates of Registration (CoR) for 150 non-banking financial companies (NBFCs) under Section…
RBI Governor Warns of Potential Fuel Price Increases in India Amid Ongoing West Asia Crisis
In light of growing concerns about resources following PM Modi’s speech advocating for austerity, Reserve Bank of India Governor Sanjay…
Breaking: RBI Staff Protest Against New Promotion Policy, According to Sources
Employees of the Reserve Bank of India (RBI) held a protest on Friday morning against a new internal policy that changes promotions to be…
RBI reports that 98.47% of ₹2000 currency notes have been returned.
The Reserve Bank announced on Friday that 98.47% of the ₹2000 banknotes currently in circulation have been returned. On May 19, 2023, the…
RBI Launches Mission SAKSHAM to Enhance Skills of Urban Cooperative Bank Personnel and Board Members
The Reserve Bank of India (RBI) has introduced Mission SAKSHAM, a comprehensive capacity-building initiative designed to reinforce the urban…