RBI Archives - National Times

10 Nov

Supreme Court Seeks WhatsApp’s Plan To Tackle Digital Arrest Scams, Asks States To Submit FIR Details

Gurpreet Singh0 CommentsIndiaCybercrime, digital arrest scam, I4C, RBI, Supreme Court, Whatsapp

New Delhi (Gurpreet Singh): The Supreme Court has asked WhatsApp and other concerned digital intermediaries to submit details of measures they propose to take to prevent digital arrest scams and related cybercrimes in India. It has also directed law enforcement agencies across states and Union Territories to provide details of registered FIRs and the progress of investigations into such cases. A Bench headed by Chief Justice of India Surya Kant directed the intermediaries to submit their proposals to the Indian Cyber Crime Coordination Centre (I4C) as well. The matter has been listed for further hearing on November 23. The court…

07 Oct

RBI Hikes Benchmark Repo Rate to 5.5% Amid Rising Inflation Concerns

Gurpreet Singh0 CommentsPunjabEconomy, inflation, interest rate, Monetary policy, RBI, Repo Rate, Sanjay Malhotra

New Delhi (Gurpreet Singh): The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5 per cent on Wednesday, implementing its first borrowing cost increase in nearly four years as inflationary pressures mount against the backdrop of steady domestic expansion. Following the conclusion of its three-day bi-monthly review, the six-member Monetary Policy Committee voted to lift the policy rate from 5.25 per cent and adjusted its official stance from neutral to calibrated tightening. The decision directly impacts floating-rate retail borrowing, signalling an uptick in equated monthly instalments on home and personal loans while aiming to…

29 May

RBI Considers Introducing Plastic Currency Notes in India

Rajeev Sharma0 CommentsEntertainment, India, TrendingPlastic Notes, RBI

Rajeev Sharma :- The Reserve Bank of India (RBI) is actively considering the introduction of polymer-based plastic currency notes in the country as part of efforts to modernise the cash management system and reduce the rising cost of printing paper notes. The proposal was recently discussed during high-level board meetings held in Patna and Mumbai, with officials examining the long-term advantages of switching to more durable currency material. According to sources, the central bank may soon begin a pilot project to test plastic notes for public circulation. The move comes at a time when demand for physical cash continues to…

30 Mar

Indian Rupee Hits Record Intra-Day Low of 95.22 Amid Global Volatility

Gurpreet Singh0 CommentsBusiness, IndiaDollar, Forex, Low, Oil, RBI, Rupee

Mumbai (Gurpreet Singh): The Indian rupee plunged to a historic intra-day low of 95.22 against the US dollar on Monday, March 30, 2026, as surging crude oil prices and escalating geopolitical tensions in West Asia continued to batter emerging market currencies. Despite a brief early-morning recovery, the currency's dramatic 160-paise swing during the session underscored the intense pressure on the Indian forex market. The decline follows a volatile Friday session where the rupee had already slumped 89 paise to close at a then-record low of 94.85. The trading day began with a glimmer of hope as the rupee opened at…

09 Feb

SC Calls Rs 54,000 Crore Digital Fraud ‘Dacoity’, Directs Centre to Frame SOP to Tackle Cyber Scams

Rajeev Sharma0 CommentsIndiaCBI Investigation, cyber security India, Cybercrime, digital arrest scam, digital fraud India, RBI, Supreme Court

New Delhi, February 9, 2026: Expressing serious concern over the rising menace of cybercrime, the Supreme Court on Monday described the siphoning off of nearly Rs 54,000 crore through digital frauds as nothing short of “robbery or dacoity” and directed the Centre to prepare a comprehensive standard operating procedure (SOP) to combat such offences. A Bench headed by Chief Justice of India Surya Kant observed that the amount lost to digital fraud was larger than the annual budgets of several smaller states. The court noted that such large-scale frauds could be the result of either negligence or possible collusion by…

06 Feb

RBI holds repo rate at 5.25% after Budget 2026; what it means for homebuyers?

Rajeev Sharma0 CommentsIndiaRBI

National Times Bureau :- The Reserve Bank of India (RBI) on Friday kept its key policy rate, the repo rate, unchanged at 5.25%, marking its first monetary policy decision after the Union Budget 2026. RBI Governor Sanjay Malhotra announced the decision following a three-day meeting of the Monetary Policy Committee (MPC), which meets every two months to chart the central bank’s policy direction. The decision was largely on expected lines, supported by robust domestic growth, easing global trade pressures and improved external conditions following a trade agreement between India and the United States. Highlighting the benefits of the deal, Sanjay…

05 Dec

RBI Cuts Repo Rate to 5.25%, Signaling Relief for Borrowers

Rajeev Sharma0 CommentsBusiness, India, TrendingRBI, Repo Rate

New Delhi (Rajeev Sharma): The Reserve Bank of India (RBI) on Friday announced a reduction in the repo rate by 25 basis points, lowering it from 5.5% to 5.25%, in a unanimous decision by the Monetary Policy Committee (MPC). The move is expected to make loans more affordable for retail and corporate borrowers alike. RBI Governor Sanjay Malhotra explained that the decision follows careful consideration of easing inflationary pressures and the recent depreciation of the rupee, which reached its lowest level yesterday. “The MPC evaluated the current economic landscape and concluded that a moderate reduction in the repo rate would…

01 Dec

Supreme Court Orders Nationwide CBI Probe into Digital Arrest Scams, Questions RBI on Lack of AI Use

Rajeev Sharma0 CommentsIndiaartificial intelligence, CBI Investigation, digital arrest scam, RBI, Supreme Court

New Delhi, December 1, 2025 — The Supreme Court on Monday directed the CBI to conduct a unified, nationwide investigation into digital arrest scam cases, expressing concern over the rapid rise of this sophisticated cybercrime. The court also questioned the Reserve Bank of India (RBI) on why artificial intelligence tools were not being used to identify and freeze bank accounts operated by cybercriminals.Digital arrest scams involve fraudsters impersonating police officers, court officials or government agency representatives. They intimidate victims through audio and video calls, holding them virtually hostage and forcing them to transfer money. Senior citizens are among the most…

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…