Diversifying assets: RBI strategy has a heart of gold
The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25 to diversify its ...
India's FX reserves drop to eight-month low amid rupee pressure
India's foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as ...
Indian central bank likely selling dollars to support rupee, traders say
The Indian central bank was likely selling dollars on Friday to limit the rupee's losses and prevent it from hitting a record ...
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RBI approves merger of National Co-operative Bank with Cosmos Co-op Bank
The merger would come into effect on January 6. From that day, the branches of The National Co-operative Bank will function ...
India's forex reserves fall to $640.28 bn, down by $4.1 bn as of Dec 27
India's foreign exchange reserves dipped by $4.1 billion to $640.28 billion as of December 27, 2024. The significant drop was ...
India’s GDP growth projected to fall short of RBI’s forecast
India’s economy is projected to grow by 6.5% to 7.0% in the financial year ending March 2025, falling short of the Reserve Bank of India’s forecast of 7.2%. But how is GDP calculated and what key ...
India's Kotak Mahindra Bank's Milind Nagnur steps down as COO, CTO
Kotak Mahindra Bank's Milind Nagnur resigned from his positions as chief operating officer and chief technology officer, ...
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RBI Reports Major Return of Rs 2000 Notes: What's Next?
The Reserve Bank of India announced that 98.12% of Rs 2000 banknotes have been returned to the banking system after their ...
Bank Holidays in India 2025: A complete month-wise list of holidays across India
Enlisted below is an officially announced Reserve Bank of India's (RBI) list of holidays month-wise for different parts of ...
January 2025 Bank Holidays: On which days are banks closed? Check full list of state-wise bank holidays
The Reserve Bank of India (RBI) has published the list of state-specific bank holidays for January 2025. Key closures incl ...
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Bank credit to MSMEs 15% of non-food credit: RBI data
Credit deployed to MSMEs in November was 15.5 per cent of Rs 170 lakh crore in non-food credit of scheduled commercial banks.
RBI approves merger of National Co-operative Bank with Cosmos Co-operative Bank
The branches of The National Co-operative Bank Ltd., Bangalore (Karnataka) will function as branches of Cosmos Co-operative Bank Limited (Maharashtra) with effect from January 6, 2025, says RBI ...