Reserve Bank Of India News

RBI transports gold to India: This move reflects India’s ongoing strategy to safeguard its gold reserves in light of rising global geopolitical tensions, with further transfers being considered....

RBI Interest Rate 2024: The policy stance was changed from "withdrawal of accommodation" to "neutral," signaling the RBI’s intention to provide more flexibility in responding to evolving economic conditions. ...

India's GDP growth for the April-June 2024 quarter has slumped to 6.7%, its lowest in five quarters. The decline underscores the challenges facing the economy, despite earlier signs of recovery. ...

Traditionally, cheque clearance has taken anywhere from two to five days, often causing delays in financial planning and transactions. The new system promises to alleviate these issues by ensuring that funds are available within hours of depositing a cheque. ...

As per recent guidelines of RBI, all the payments have to go through the Bharat Bill Payment System (BBPS), managed by the National Payments Corporation of India (NPCI). The change will impact the customers of major banks who will not be able to use the apps to make bill settleme...