reserve bank of india (rbi)

New Delhi, April 1 Two-factor authentication for all digital transactions, including the popular UPI platform, will become effective from Wednesday, in line with the RBI's directive as a measure to curb fraud.Transactions will only be processed if the user completes both verification steps...

New Delhi, March 27 The Centre is planning to mobilize Rs 8 lakh crore through dated securities during the April-September period of 2026-27 to fund the revenue gap, the finance ministry said on Friday.Gross Market Borrowings in BE 2026-27 were Rs 17.20 lakh crore. Since the Budget...

Thiruvananthapuram, March 27 – Senior Congress leader and CWC member Ramesh Chennithala alleged a "massive Rs 700-crore fraud" in Kerala’s Cooperative Department on Friday, claiming that irregularities are unfolding even as the state heads into a crucial election phase.Kerala is set to go to...

New Delhi, March 23 – The government is not currently considering any proposals regarding the merger or consolidation of public sector banks (PSBs), according to Finance Minister Pankaj Chaudhary.Chaudhary stated in a written reply to the Lok Sabha that the amalgamation of PSBs has led to the...

Mumbai, March 20 India's foreign exchange reserves declined by USD 7.052 billion to USD 709.759 billion during the week ended March 13, the RBI said on Friday.In the previous reporting week, the overall reserves had fallen by USD 11.683 billion to USD 716.81 billion. The kitty had expanded to...

New Delhi/Mumbai, March 19 HDFC Bank's non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics" – a ground that the management of the country's second-largest lender said was baffling, as the former bureaucrat offered no specific instance despite...

New Delhi, March 19 A day after HDFC Bank Chairman Atanu Chakraborty resigned due to ethical concerns, a top official from the Finance Ministry said on Thursday that the bank is a "strong institution with strong fundamentals".Financial Services Secretary M Nagaraju said that the Reserve Bank...

Mumbai, March 11 The rupee declined by 4 paise to 91.89 against the US dollar in early trading on Wednesday, weighed down by outflows from foreign investors and the ongoing conflict in the Middle East.However, a weaker US dollar and falling global crude oil prices prevented a sharper decline...

New Delhi, March 9 Truhome Finance, backed by private equity major Warburg Pincus, filed preliminary papers with the market regulator Sebi on Monday to raise ₹3,000 crore through an initial public offering (IPO).According to the draft red herring prospectus (DRHP), the housing finance...

Mumbai, March 4 Maharashtra Chief Minister Devendra Fadnavis said on Wednesday that strict action would be taken against licensed money lenders who charge interest rates higher than the prescribed norms, and their licenses would also be revoked.Responding to a question in the legislative...

Mumbai, March 4 Indian government bond yields rose to nearly a three-week high on Wednesday afternoon, tracking a sharp increase in global crude oil prices amid escalating tensions in the Middle East.The yield on the benchmark 10-year government security rose to 6.7112 percent, its highest...

Mumbai, March 2 India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US, according to RBI data released on Monday...

New Delhi, February 23 Finance Minister Nirmala Sitharaman on Monday attributed the rising gold prices to heavy purchases by central banks globally, and said the government and RBI are closely monitoring the imports of precious metals, although they are not at an "alarming proportion".During...

New Delhi, February 23 Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, including insurance, saying it is a violation of the Bharatiya Nyaya Sanhita (BNS)."Banks should focus on their core business... My biggest concern has always...

Today, Prime Minister Narendra Modi expressed his pride that the India AI Impact Summit has marked a turning point in how the world will utilize AI in the future. Addressing the nation in his Mann Ki Baat program on Akashvani, the Prime Minister highlighted that leaders from many countries...

New Delhi, February 19 – The Delhi High Court has agreed to examine a public interest litigation (PIL) seeking the framing of comprehensive guidelines to curb the growing menace of frauds perpetrated through the Unified Payments Interface (UPI).Issuing notice, a bench of Chief Justice D.K...

Union Home Minister Amit Shah has reiterated the Narendra Modi government's commitment to the agricultural community, ensuring that the interests of farmers, cattle rearers, and fishermen will be protected in all international trade agreements.The Minister was speaking after launching the...

Mumbai, February 10 Banks, especially those with ample liquidity, are raising funds in the Tri-Party Repo (TREPS) market at relatively lower rates, and simultaneously deploying money with the RBI under the Standing Deposit Facility (SDF) for higher returns, effectively locking in a near...

New Delhi, February 9 The unfunded Old Pension Scheme (OPS) is likely to put significant pressure on the finances of states, especially with increasing life expectancy, which may limit capital expenditure for these states and create long-term intergenerational fiscal liabilities, Finance...