RBI

March 26, 2025 11:53 AM

Revised RBI priority sector lending norms to further boost economy: SBI report

The recent amendments to the priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) are expected to accelerate economic growth and strengthen key sectors such as MSMEs, agriculture and allied industries, housing, and exports, according to a report by SBI Research released on Wednesday. This week, the RBI issued revised PSL guidelines to facilitate better targeting of bank credit toward priority sectors. The new guidelines will come into effect from April 1. According to th...

March 23, 2025 1:20 PM

India’s forex reserves rise by USD 305 million to USD 654.3 billion

India’s foreign exchange reserves increased by USD 305 million, reaching USD 654.271 billion in the week ending March 14. This rise follows the previous week’s surge, which marked the highest weekly gains in over three years. Prior to these recent increases, forex reserves had experienced a steady decline for about four months, slipping to an 11-month low. The trend has since seen fluctuations, with alternate weeks of gains and declines. India’s forex reserves had earlier reached an all-...

March 16, 2025 3:37 PM

PM Modi congratulates RBI on winning Digital Transformation Award 2025

Prime Minister Narendra Modi on Sunday extended his congratulations to the Reserve Bank of India (RBI) for winning the prestigious Digital Transformation Award 2025 by Central Banking, London. PM Modi shared his appreciation on social media platform X, quoting RBI’s announcement and calling the achievement a significant milestone. He highlighted the role of digital innovation in strengthening India’s digital ecosystem and empowering millions of people across the country. "A commendable acc...

March 7, 2025 4:23 PM

India’s growth outlook strong, RBI likely to cut rates again in April: HSBC report

India’s long-term economic outlook remains robust, with the investment cycle on a steady medium-term uptrend, according to HSBC Mutual Fund’s Market Outlook Report 2025, released on Friday. The report attributes this positive trajectory to government-led infrastructure and manufacturing investments, rising private sector investments, and a recovering real estate cycle. The report anticipates increased private investments in renewable energy, high-tech manufacturing, and deeper integration i...

March 6, 2025 2:00 PM

RBI’s ₹1.9 lakh crore liquidity injection seen as a boost for banks

The Reserve Bank of India's (RBI) decision to inject ₹1.9 lakh crore into the banking system has been welcomed by financial markets, with bank stocks witnessing gains on Thursday. Both private and public sector banks, along with Non-Banking Financial Companies (NBFCs), saw an uptick in stock prices following the announcement. The Nifty PSU Bank index surged 1.46% to an intraday high of 5,976.75, while the Nifty Bank index climbed 0.72%, reaching 48,839.10. The Nifty Private Bank index also re...

March 3, 2025 7:00 PM

Rs 611 Cr FEMA Violations: ED issues notice to Paytm’s parent firm, managing director

The Enforcement Directorate (ED) on Monday issued a show-cause notice to One97 Communications Ltd, the parent company of Paytm, its Managing Director Vijay Shekhar Sharma, and others for alleged violations of the Foreign Exchange Management Act, 1999 (FEMA) amounting to Rs 611 crore. The notice was issued by the Special Director of Enforcement (Adjudication), New Delhi, to One97 Communications Ltd (OCL), Paytm’s flagship company, its Managing Director, and its subsidiaries—Little Internet P...

February 14, 2025 10:11 PM

India’s forex reserves rise for third consecutive week, reach $638.26 billion

India's foreign exchange reserves continued their upward trend for the third consecutive week, reversing a months-long decline, according to data released by the Reserve Bank of India (RBI) on Friday. For the week ending February 7, the country’s forex reserves rose by $7.65 billion to $638.261 billion. This recovery follows a sharp slump that saw reserves fall in 15 of the previous 16 weeks, reaching an 11-month low. India’s reserves had been steadily declining since hitting an all-time h...

February 12, 2025 6:32 PM

India’s CPI inflation falls to 5-month low of 4.31% in January

India’s retail inflation rate, based on the Consumer Price Index, fell to a five-month low of 4.31% in January as prices of vegetables and pulses eased, bringing respite to household budgets, according to figures released by the Ministry of Statistics on Wednesday. The easing of inflation reflects a steadily declining trend after reaching a 14-month high of 6.21% in October. CPI inflation had fallen to 5.48% in November and 5.22% in December. Food inflation, at 6.02% in January 2025, is the ...

February 12, 2025 11:08 AM

RBI to inject Rs 2.5 lakh crore to enhance liquidity in banking system

The Reserve Bank of India (RBI) was all set to inject Rs 2,50,000 crore through its Variable Rate Repo (VRR) auction on Wednesday to enhance liquidity in the banking system. The Central Bank has stated that the amount has been decided based on an assessment of the liquidity conditions. The Reserve Bank also said it will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. RBI Governor Sanj...

February 8, 2025 3:14 PM

RBI hints further steps to ensure liquidity, US tariff uncertainties to cool off soon

The Reserve Bank of India (RBI) has always focused on ease of credit and will take further steps to ensure that enough liquidity remains in the banking system as there is "room for improvement", Governor Sanjay Malhotra said on Saturday, adding that US-related tariff uncertainties will cool off in the coming months. Addressing the media along with Union Finance Minister Nirmala Sitharaman in the national capital, Malhotra also said the central bank is not targeting any price band for the rupee ...