RBI

  • Rajkiran Rai named as new MD of NaBFID

    The Centre and the board of the National Bank for Financing Infrastructure and Development (NaBFID) has appointed Rajkiran Rai G as its managing director (MD) for the next five years. The board of NaBFID approved Rai’s appointment on July 30...

    Published On August 18th, 2022
  • 4 independent directors reappointed by GoI to RBI’s central board

    Satish Kashinath Marathe, Swaminathan Gurumurthy, Revathy Iyer, and Sachin Chaturvedi have all been renominated by the national government to serve as part-time, non-official directors on the RBI's central board or central board of the Reserve Bank of India. The RBI...

    Published On August 17th, 2022
  • Defence forces, RBI and PM Office Most Trusted Institutions

    Defence forces, RBI and Prime Minister of India are the three most trusted institutions in the country, according to a survey by Ipsos India. The Supreme Court of India came fourth and it was followed by the Central Bureau of Investigation (CBI). Buy...

    Published On August 16th, 2022
  • India’s GDP Growth to be fastest in Asia in FY23: Morgan Stanley

    According to analysts at Morgan Stanley, India's GDP growth will average 7% during this time, which is the strongest among the largest economies, and India will contribute 28% and 22% to both Asian and global growth, respectively. This makes India...

    Published On August 11th, 2022
  • RBI authorises HR subsidiary of SBI to manage cost effectively

    The Reserve Bank of India preliminary approved the operations and support subsidiary of State Bank of India (SBI). The subsidiary will likely be staffed by a group of employees who will be hired by the arm on a contract basis...

    Published On August 10th, 2022
  • Indian Bank received a Rs. 32 lakh fine from the RBI

    In accordance with paragraph 3.2.6 of Reserve Bank of India (Frauds, classification and reporting), the Reserve Bank of India fined the Indian Bank a total of Rs. 32.00 lakh (Rupees Thirty Two Lakh only) for failing to submit a Flash...

    Published On August 9th, 2022
  • 4th RBI Monetary Policy review: Repo rate raised by 50 bps

    The Reserve Bank of India has retained its retail inflation forecast for the current fiscal year at 6.7 per cent. It has increased the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.40 per...

    Published On August 5th, 2022
  • RBI’s Financial Inclusion Index(FI-Index) Inches Up

    The Reserve Bank of India's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across parameters. RBI now publishes the index annually in July every year.  Buy...

    Published On August 3rd, 2022
  • The Soaring Inflation In India

    The CPI Inflation has been rising since September last year and remained above upper tolerance band of the Reserve Bank of India (RBI) for straight six months starting from January this year.  Buy Prime Test Series for all Banking, SSC,...

    Published On August 3rd, 2022
  • RBI approves Open, Cashfree Payments, PayNearby and Fairexpay for Cross-Border Payments

    The Reserve Bank of India gave the go-ahead to Open, Cashfree Payments, PayNearby & Fairexpay, providers of payments and API banking solutions, for its cross-border payments offering. Cross-border payments are the focus of the Reserve Bank of India's (RBI) announcement...

    Published On July 23rd, 2022