Reserve Bank of India

  • India’s Forex Reserves Rise by $1.727 bn to $573.727 bn

    India's forex reserves increased by $1.73 billion to $573.7 billion in the week ended Jan. 20, the Reserve Bank of India said. This is the second consecutive week of a rise in the kitty after the $10.4 billion jump to...

    Published On January 28th, 2023
  • RBI Proposes Stressed Assets Securitisation Framework For Quicker Resolution

    The Reserve Bank of India released a discussion paper on the securitisation of stressed assets framework as a way to improve the quality of the sale and resolution of such accounts. The regulator’s proposal comes on the heels of an...

    Published On January 27th, 2023
  • Reserve Bank of India Says No Foreign Investment Cap on Sovereign Green Bonds

    The sovereign green bonds issued by the Indian government will not have any restrictions on foreign investment, the Reserve Bank of India said. Such securities will be counted as specified securities under the fully accessible route, the central bank said...

    Published On January 24th, 2023
  • Govt Switches Bonds with RBI in a Cash-neutral deal

    The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India, while also issuing bonds maturing in 2032 worth a similar quantum, the central bank said. The transaction involved buying back a security maturing in FY2024/25...

    Published On January 24th, 2023
  • RBI to Guide Inflation Towards 4% Target by 2024

    The Reserve Bank of India’s 2023 monetary policy objective is to hold inflation within the mandated tolerance band and guide it towards the medium-term target of 4% by 2024, it said in its monthly bulletin published. Recent data indicated “the...

    Published On January 20th, 2023
  • Paytm Bank Gets RBI nod to Operate as Bharat Bill Payment Operating Unit

    Paytm Payments Bank said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services...

    Published On January 18th, 2023
  • RBI Tweaks Norms Related to Share Acquisition in Banks

    The Reserve Bank of India tweaked norms related to acquisition and holding of shares in banks to ensure that their ultimate ownership and control remain well diversified and the major shareholders are 'fit and proper' on a continuing basis. The...

    Published On January 17th, 2023
  • Kisan Vikas Patra (KVP) Interest Rate was Hiked for January–March 2023 quarter

    The current interest rate on Kisan Vikas Patra (KVP) account deposits is 7.2% compounded annually. The revised rate was announced on December 30. This rate would apply to KVP deposits made in the first quarter of the New Year 2023....

    Published On January 12th, 2023
  • SBI MF Gets RBI’s Nod to Buy 10% Stake in Equitas Small Finance Bank

    The Reserve Bank of India gave its approval to SBI Funds Management Ltd to acquire up to 9.99% stake in Equitas Small Finance Bank through the schemes of SBI Mutual Fund, the bank said in an exchange filing. Franklin Templeton...

    Published On January 7th, 2023
  • RBI Survey for Price Movements, Inflation Assessment Launched

    The Reserve Bank of India has launched the Inflation Expectations Survey of Households (IESH) which will provide useful inputs for monetary policy. In the January 2023 round, the survey will be conducted across 19 cities. It aims to capture subjective...

    Published On January 5th, 2023