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Latest from reserve bank

RBI MPC decision on April 9, experts say 25 bps repo rate cut possible

The potential rate cut is to counter economic strain from the 26% tariff on Indian imports by the US, which is expected to affect India’s GDP growth this year.

Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024.(Dhiraj Singh/Bloomberg)
Published on Apr 08, 2025 06:48 PM IST

IndusInd Bank stock jumps nearly 6% after RBI assures bank's stability

The RBI in the clarificatory statement said there was no need for depositors to react to the speculative reports at this juncture.

IndusInd Bank disclosed to exchanges on March 10 that it had uncovered accounting errors worth 2,35% of the bank's net worth as of December 2024, which equated to about <span class='webrupee'>₹</span>2,100 crore.(Bloomberg)
Published on Mar 17, 2025 11:52 AM IST
PTI |

RBI imposes 68 lakh penalty on Nainital Bank, Ujjivan Small Finance Bank

RBI also levied a penalty of ₹5.80 lakh on Shriram Finance, a non-banking entity, for non-compliance with certain provisions.

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai.
Updated on Feb 14, 2025 08:25 PM IST
PTI |

Revenue secretary Sanjay Malhotra appointed as new RBI governor

Revenue secretary Sanjay Malhotra appointed new RBI governor

Union revenue secretary Sanjay Malhotra is new RBI governor
Updated on Dec 09, 2024 07:20 PM IST

Since withdrawal, 98% of 2,000 notes have been returned: RBI

The Reserve Bank of India reported that 98% of ₹2,000 notes have been returned since their withdrawal announcement in May 2023.

The RBI announced that 98% of <span class='webrupee'>₹</span>2,000 notes have been returned since May 2023, with their total value dropping to <span class='webrupee'>₹</span>7,117 crore. These notes can still be exchanged at RBI offices.(AFP)
Published on Oct 01, 2024 08:40 PM IST
PTI |
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