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RBI remains net buyer of US Dollar for third consecutive month

As per the data released by the Reserve Bank of India, it has remained the net US Dollar buyer for the third consecutive month...

RBI to repeat dollar-rupee swap deal to infuse liquidity

The Reserve Bank of India (RBI) announced, on Monday, that it will conduct a $5 billion dollar-rupee sale auction once again on April 23 between 9.30...

Rupee-dollar swap auction: RBI receives bids amounting to $16.3 billion

The Reserve Bank of India (RBI) was successful in introducing a sound liquidity tool to improve the liquidity situation in India through the rupee-dollar...

IDBI Bank categorised as a private sector bank by RBI

IDBI Bank has been categorised as a private sector lender by the Reserve Bank of India after LIC acquired a controlling stake in the bank. In January 2019,...

In a first, RBI to conduct US dollar swap auction to...

On Wednesday, the Reserve Bank of India (RBI) announced that it will conduct a US dollar swap auction on March 26 where banks will...

SBI: Small loan and deposit rates will continue to be linked...

The Chairman of State Bank of India (SBI), Rajnish Kumar, confirmed on Saturday that small loans and deposits i.e. those that are valued below Rs.1 lakh...

Union Bank of India reduces MCLR by 10 basis points

The Union Bank of India, one of the renowned public sector banks in India, has announced a reduction in its marginal cost of funds-based...

RBI extends deadline to update KYC details on e-wallets

The Reserve Bank of India (RBI) extended the deadline that was imposed for e-wallet users to update their Know Your Customer (KYC) details on the...

RBI announces Rs.28,000 crore interim dividend for the Central Government

The Reserve Bank of India (RBI) has approved an interim dividend of Rs.28,000 crore for the Central Government. This additional fund is likely to...

RBI unexpectedly lowers benchmark rates

The Reserve Bank of India (RBI) lowered the interest rates in the policy meeting which saw Shaktikanta Das debut as the new governor of the RBI, according...