RBI Archives - National Times

01 Oct

RBI Rules Out UPI Transaction Fees, Projects 6.8% Growth for FY25

Rajeev Sharma0 CommentsBusiness, IndiaRBI, Sanjay Malhotra, UPI charges, UPI transaction fees

New Delhi, October 1, 2025: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday dismissed speculation that citizens may be charged for using Unified Payments Interface (UPI), assuring that no such proposal is under consideration. His clarification comes amid widespread concerns over possible fees on the digital payment system that has become a backbone of everyday transactions.Malhotra expressed confidence in India’s economic prospects, highlighting that the nation continues on a “very high growth trajectory” while managing price stability. The RBI has projected India’s growth at 6.8% for the current fiscal year, reinforcing its position as one of the world’s…

01 Oct

RBI keeps repo rate unchanged at 5.5% for second consecutive time

nishuthapar10 CommentsIndiaRBI, Repo Rate

National Times Bureau :- The Reserve Bank of India on Wednesday decided to keep the key repo rate unchanged at 5.5%. The decision was taken after the Monetary Policy Committee (MPC) concluded its three-day meeting led by Governor Sanjay Malhotra. RBI Governor Sanjay Malhotra announced that the central bank maintained its neutral stance. "After a detailed assessment of the evolving macroeconomic conditions and the outlook, the MPC voted unanimously to keep the policy repo rate unchanged at 5.5%. Consequently, the SDF rate remains at 5.25%, while the MSF rate and the bank rate remain at 5.75%. The MPC also decided…

03 Aug

India’s Forex Reserves Climb $2.7 Billion, Cross $698 Billion Mark After Three-Week Slump

Rajeev Sharma0 CommentsBusinessForeign Exchange, Forex Reserves, Gold Reserves, India economy, RBI

Mumbai, August 3 – India’s foreign exchange reserves recorded a notable rebound after a three-week dip, rising by $2.703 billion to reach $698.192 billion for the week ending July 25, according to data released by the Reserve Bank of India (RBI) on Friday.The uptick follows a fall of $1.18 billion in the previous reporting week. This resurgence was primarily driven by a sharp increase in foreign currency assets, which climbed $1.316 billion to hit $588.926 billion. Gold reserves also rose significantly, registering a $1.206 billion gain and reaching $85.704 billion.The Special Drawing Rights (SDRs) held with the International Monetary Fund…

21 Apr

RBI allows minors above 10 to operate bank accounts independently

Rajeev Sharma0 CommentsIndiafinancial literacy, minors banking, RBI

Mumbai, April 21, 2025 — In a significant move aimed at encouraging financial literacy among the youth, the Reserve Bank of India (RBI) has issued new guidelines allowing minors above the age of 10 to operate their bank accounts independently.The circular, released on Monday, directs all commercial banks to enable children in this age group to manage their accounts without the need for parental or guardian signatures. This policy aims to promote early financial discipline and equip children with the tools to understand banking and money management from a young age.Under the revised guidelines, banks are instructed to put in…

07 Feb

RBI Cuts Repo Rate by 25 Basis Points to 6.25% Under New Governor Sanjay Malhotra

nishuthapar10 CommentsBusinessRBI, Repo Rate

In his inaugural Monetary Policy announcement on Friday, Reserve Bank of India (RBI) Governor Sanjay Malhotra revealed that the Monetary Policy Committee (MPC) has unanimously decided to lower the policy rate by 25 basis points, bringing it down from 6.5% to 6.25%. Malhotra addressed the challenges posed by the current global economic landscape, noting that while high-frequency indicators point to resilience and growth in trade, overall global growth remains below historical averages. "Progress on global disinflation is stalling, hindered by rising services prices," he stated. He also discussed the dynamics of global financial markets, indicating that expectations regarding the size…