RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8
Peer-to-peer (P2P) lending is the practice of lending money to individuals or businesses through online services that match lenders with borrowers
In May the circulation of the Rs 2,000 banknote amounted to Rs 3.56 trillion, this has now gone to Rs 9,760 cr as of November 30
The all-India House Price Index (HPI) moderated to 3.4 per cent in the July-September quarter of 2023-24 from 4.5 per cent in the year-ago period, according to data released by the Reserve Bank of India on Thursday. The RBI releases HPI-based on transaction-level data received from the registration authorities in 10 major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai. "All-India HPI growth (year-on-year) moderated to 3.4 per cent in Q2:2023-24 from 5.1 per cent in the previous quarter and 4.5 per cent a year ago; annual growth in HPI varied widely across the cities - ranging from the high growth of 6.5 per cent (Chennai) to a contraction of 0.2 per cent (Jaipur)," the central bank said. On a sequential (quarter-on-quarter) basis, all-India HPI contracted by 1.2 per cent in the second quarter of 2023-24; seven of the 10 cities witnessed price increase in housing registration during the latest quarter.
Current practices involve routing funds through banks using the Swift platform. CBDCs could enable direct settlements between parties, offering advantages such as speed and cost-efficiency
The Reserve Bank on Friday updated the 'Alert List' of unauthorised forex trading platforms by adding 19 more entities, including FX SmartBull, Just Markets, and GoDo FX, taking the total to 75. The Alert List contains the names of entities, which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018. The other entities added to the list are Admiral Market, BlackBull, Easy Markets, Enclave FX, Finowiz Fintech, FX SmartBull, Fx Tray Market, Forex4you, Growing Capital Services, and HF Markets. Other platforms are HYCM Capital Markets, JGCFX, PU Prime, Real Gold Capital, TNFX, Ya Markets, and Gate Trade. In a statement, the Reserve Bank said the Alert List also contains names of entities/platforms/websites which appear to be promoting unauthorised entities. "The list is not exhaustive," it said and adde
RBI says growth-driving sector exempted from tighter norms
The Burman family has written to the Securities and Exchange Board of India, seeking a probe into trades in the shares of the Religare Enterprises Ltd by chairperson Rashmi Saluja
While the Rs 2000 banknotes continue to be legal tender, the facility for the exchange of these notes is only available at the 19 RBI Issue Offices
The Reserve Bank of India has directed private sector banks and wholly-owned subsidiaries of foreign banks to have at least two whole-time directors in addition to the MD and CEO
The rupee closed at 83.25, little changed from its close at 83.2450 in the previous session. The currency traded in a narrow 83.2450 to 83.27 range in the spot session
The Reserve Bank of India has allowed the payment gateway to onboard new merchants to its platform
The sources declined to be identified because they are not authorised to speak to the media. Sebi and RBI did not respond to requests for comment
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
If you are unsure about where rates are headed over the next year, go for dynamic bond funds
Annual retail inflation in August was 6.83%, easing from 7.44% in July -- a 15-month high -- but remained well above the central bank's 2%-6% comfort band
From October 8 only RBI Issue Offices to accept the notes
Sashidhar Jagdishan has been re-appointed for three years, commencing on from October 27 to October 26, 2026
The RBI has recently enabled transfers from pre-sanctioned credit lines at banks through the UPI network
India's CBDC is currently in a pilot phase across the retail and wholesale segments. The central bank has set a target of one million transactions a day by the end of 2023