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Dismissing speculation about a premature end to the scheme, RBI Governor Sanjay Malhotra stated that there are no plans to withdraw the incentives before the deadline.
The Reserve Bank of India kept its benchmark policy rate unchanged at 5.25 per cent.
Of the total penalty amount collected, private banks amassed ₹4948.71 crore, whereas the 12 public sector banks recovered ₹2137.92 crore.
The Centre for Advanced Financial Research and Learning (CAFRAL), set up by the Reserve Bank of India in 2011, has emerged as an important policy research and capacity-building institution for the financial sector. Over the years, it has made valuable contributions in areas such as board
The Reserve Bank of India maintained its key interest rate at 5.25%, assessing global conflicts' inflationary impact and a depreciating rupee.
Kerala's elderly population now exceeds 20%, with the lowest proportion of under-15s, signalling future fiscal strain on healthcare and pensions.
For nearly 30 years or more, the NDF market operated outside India’s regulatory framework, yet exerted a growing influence on domestic currency movements.
In alignment with the objective of promoting digital payments in a safe and secure manner, the Reserve Bank of India (RBI) issued a discussion paper on exploring safeguards in digital payments to curb frauds.
The policy decision comes amid West Asia conflict disrupted energy supplies
The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent
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