The Reserve Bank of India (RBI) has announced a $10 billion foreign exchange (forex) swap to inject liquidity into the banking system and address the prevailing cash crunch. The three-year swap auction is scheduled for February 28, 2025. This action follows a $5 billion ...

The Reserve Bank of India (RBI) has launched RBIDATA, a mobile application that allows users to easily access macroeconomic and financial data concerning the Indian economy. This app is tailored for a diverse audience, including researchers, students, policymakers, and the general public, ...

The Reserve Bank of India (RBI) has taken decisive action against three financial institutions—Shriram Finance, Ujjivan Small Finance Bank, and The Nainital Bank Limited—by imposing monetary penalties due to their failure to comply with various regulatory standards. These penalties were enforced ...

The Reserve Bank of India (RBI) has announced a major liquidity fusion of ₹2.5 lakh crore into the banking system via a Variable Rate Repo (VRR) auction. This action is intended to tackle the existing liquidity shortfall in the financial system, which has been affected by several economic factors. ...

The Reserve Bank of India (RBI) has announced the release of new ₹50 banknotes that will feature the signature of its newly appointed Governor, Sanjay Malhotra. Malhotra assumed office as the 26th RBI Governor in December 2024, taking over from Shaktikanta Das. These new banknotes will follow the ...

In a significant decision aimed at ensuring financial stability and supporting banks, the Reserve Bank of India (RBI) has postponed the implementation of Liquidity Coverage Ratio (LCR) and project financing guidelines by a year. The earliest implementation date is now set for ...

In a major step towards improving digital payment security, the Reserve Bank of India (RBI) has revealed plans to introduce Additional Factor Authentication (AFA) for cross-border “Card Not Present” (CNP) transactions. This initiative is designed to safeguard international transactions made with ...

In a major step towards improving cybersecurity and fostering trust in digital banking, the Reserve Bank of India (RBI) has revealed plans to introduce unique internet domain names for Indian banks and financial institutions. Indian banks will now use the domain ‘Bank.in’, while non-banking ...

In a major update, the Reserve Bank of India (RBI) announced that 98% of the ₹2,000 notes have been returned since their withdrawal in May 2023. This has led to the total value of the denomination in circulation dropping significantly from ₹3.56 lakh crore to ₹7,117 ...

The Reserve Bank of India (RBI) has initiated its third global hackathon, HaRBInger 2024 – Innovation for Transformation, aimed at developing innovative tech-based solutions to predict, detect, and prevent financial frauds in real-time. The hackathon features two key themes: ...