The board members of IndusInd Bank have decided to appoint an independent professional firm to conduct a comprehensive investigation to identify the root cause of the discrepancies in the bank’s derivative portfolio.
Prime Minister Narendra Modi on Sunday congratulated the Reserve Bank of India (RBI) for winning the 'Digital Transformation Award 2025' by Central Banking, London.
India’s retail inflation slipping below 4 per cent in February signals a crucial inflection point for the economy.
Prime Minister Narendra Modi on Sunday applauded Reserve Bank of India (RBI) for winning Digital Transformation Award 2025.
The decline in retail inflation to a level that is below the RBI’s targeted level of 4 per cent is expected to pave the way for accelerating GDP growth ahead as it provides the central bank with more headroom to cut interest rates and expand liquidity to spur economic activity and create more jobs.
India has taken the lead in providing finance to renewable energy projects by including them in “priority sector lending” to accelerate the country’s transition to a low carbon economy in the fight against climate change.
The year-on-year inflation rate eased to an 7-month low of 3.61 per cent in February this year, which is 0.65 per cent lower than the corresponding figure for January, as food prices came down further during the month.
RBI Governor Sanjay Malhotra on Thursday asked fintech firms and digital payment companies to ensure responsible innovation and better compliance.
As RBI's executive director, Joshi will supervise the Department of Statistics and Information Management as well as the Financial Stability Department.
The appointment of former Reserve Bank of India Governor Shaktikanta Das as “Principal Secretary-2” to Prime Minister Narendra Modi marks a significant shift in governance strategy.
