Latest stories tagged RBI
The Supreme Court has said banks must compensate digital arrest victims at least the amount they lost when the fraud happens because the bank failed in its due diligence.
Minutes of the RBI's October policy meeting show every member backed the 25 bps hike to 5.50%, but two opposed the shift to a 'calibrated tightening' stance.
The IMF has raised India's 2026-27 growth forecast by 60 basis points to 7%, while flagging oil prices and inflation as key risks.
From the fortnight beginning October 16, banks must keep 99% of their prescribed CRR with the RBI every day, up from 90%, as the central bank moves to absorb a Rs 3.88 lakh crore liquidity surplus.
The RBI raised the repo rate by 25 basis points to 5.5% on October 7, its first hike since February 2023, and said rate cuts are off the table for now as oil-driven inflation risks rise.
