reserve bank of india

Oxford study: Modi’s leadership, PRAGATI drive $201 bn in infrastructure projects across India

An Oxford University study has lauded Prime Minister Modi’s leadership and the innovative PRAGATI platform for accelerating 340 infrastructure projects across India, collectively worth $201 billion.

RBI faces pressure as Tata Sons’ IPO plans encounter regulatory hurdles

Reserve Bank of India (RBI) is under scrutiny as Tata Sons, the holding company of the prominent Tata Group, navigates regulatory challenges related to its upcoming Initial Public Offering (IPO).

Economic Survey 2023-24: Core inflation at 9-year low; Food inflation increased

Retail inflation, after averaging 6.7% in FY23, declined to 5.4% in FY24, thanks to effective administrative and monetary policy responses. Food inflation rose from 6.6% in FY23 to 7.5% in FY24

RBI reports 97.87% return of ₹2,000 banknotes since withdrawal announcement

he Reserve Bank of India (RBI) has disclosed that 97.87% of the ₹2,000 denomination banknotes, amounting to ₹3.56 lakh crore in value,

Raghuram Rajan: Can India grow rich before growing old?

“By 2047-2050 we are going to start growing old. Are we going to be rich by then? Not at 6-6.5 per cent growth,” he said.

RBI restricts Kotak Mahindra Bank from online customer onboarding

The RBI's directive, issued under Section 35A of the Banking Regulation Act, 1949, underscores the central bank's concerns about deficiencies observed during its IT examinations of KMB for the years 2022 and 2023. Despite receiving corrective action plans from the RBI in both years, subsequent assessments revealed ongoing non-compliance by the bank.

India’s economic triumph is defying sceptics

India’s recent economic performance has once again demonstrated its resilience and dynamism, with a remarkable GDP growth of 8.4% in the October-December quarter of 2023-24, marking the highest growth rate in six quarters. This stellar achievement has firmly established India as the fastest-growing major economy globally, outpacing economic powerhouses like China, the US, and the […]

Caught on cam: Paytm CEO’s bizarre reaction when asked about RBI ban

NEW DELHI: Paytm CEO Vijay Shekhar Sharma came under limelight after the Reserve Bank of India (RBI) imposed restrictions on the Paytm Payments Bank, prohibiting the entity from providing additional banking services starting March 2024. Despite this grim situation of his company, Sharma still looked very flamboyant when spotted by The New Indian’s Executive Editor […]

RBI restricts Paytm Payments Bank services starting March 2024; here’s why

NEW DELHI: The Reserve Bank of India (RBI) has implemented restrictions on Paytm Payments Bank, prohibiting the entity from providing additional banking services starting March 2024. This action stems from concerns related to the breach of regulatory norms and compliance issues. “The Comprehensive System Audit report and subsequent compliance validation report of the external auditors […]

RBI confirms 97.26% of Rs 2,000 notes returned since May 19 withdrawal

The central bank had declared the withdrawal of Rs 2,000 notes on May 19, 2023.