Rs 2,000 notes: A high-stakes gamble that cost more than it gained?
Experts have long speculated that the sole rationale for launching the Rs 2,000 note was to accelerate remonetisation following a hurried note ban. Instead of streamlining the monetary system, these notes ended up sowing confusion, stoking fears of rampant counterfeit currency, and inadvertently bolstering the black money economy.
Over 98% of ₹2000 Banknotes Returned as RBI Withdrawal Nears Completion
The Reserve Bank of India’s ambitious drive to withdraw the ₹2000 denomination from circulation appears to be nearing its end, with over 98% of the...
RBI imposes penalties on IIFL Samasta Finance and HSBC for regulatory violations
The Reserve Bank of India (RBI) has imposed monetary penalties on IIFL Samasta Finance Limited and The Hongkong and Shanghai Banking Corporation Limited (HSBC) for...
Foreign exchange reserves rise, bank credit growth slows
India’s foreign exchange reserves stood at ₹55.53 lakh crore ($640.48 billion) as of February 21, registering an increase of ₹33,918 crore ($4.76 billion) from the...
RBI extends restrictions on Ajantha Urban Co-operative Bank until May 28
The latest extension has been granted in the interest of the public, according to an official statement from the RBI.
India Inc. gains momentum, but can it sustain the pace?
These numbers are from the Reserve Bank of India (RBI)’s data on the performance of the private corporate sector during the third quarter of 2024-25, drawn from abridged quarterly financial results of 2,924 listed non-government non-financial companies.
RBI revises risk weights on Microfinance loans
Microfinance loans have now been excluded from this category and will instead be subjected to a risk weight of 100 percent.
Credifin Expands Operations in Maharashtra, Chhattisgarh, and Madhya Pradesh, Plans ₹200 Crore Loan Disbursement
Credifin Expands Operations in Maharashtra, Chhattisgarh, and Madhya Pradesh, Plans ₹200 Crore Loan Disbursement
Shaktikanta Das: The Prime Minister’s Trusted Financial Hand
Das, who helmed the RBI from 2018 to 2023, is no stranger to navigating economic turbulence
India’s Forex Reserves Decline by $2.54 Billion, Gold Reserves Rise
Despite the overall decline, gold reserves saw a notable increase of $1.94 billion, reaching $74.15 billion.