New Delhi, July 27 (IANS) The Finance Ministry informed Parliament on Monday that the government has approved the Reserve Bank of India’s (RBI) proposal to conduct field trials of polymer currency notes in the Rs 10 and Rs 20 denominations.The approval was confirmed by Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Lok Sabha.The government, however, clarified that the move does not signal the end of paper currency. Polymer banknotes are proposed to circula…
Latest Reserve Bank of India News & Updates
Mumbai, July 27 (IANS) HDFC Bank on Monday said its board has issued warning letters and imposed a monetary penalty of Rs 1 lakh each on Managing Director and Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head – Retail Assets Arvind Vohra following the conclusion of an internal review into the bank’s deposit arrangements with the Maharashtra State Road Development Corporation (MSRDC).The action follows the findings of a Special Disciplin…
New Delhi, July 27 (IANS) The government has undertaken a range of measures to ensure availability of critical industrial inputs including energy, ease input cost pressures, facilitate trade, support industrial activity and safeguard macroeconomic stability in the wake of supply chain disruptions due to the West Asia crisis, the Parliament was informed on Monday.Temporary customs duty exemption was provided on selected petrochemical feedstock. Further, the Bharat Maritime Insurance Pool RELIEF (…
Mumbai, July 26 (IANS) Finance Minister Nirmala Sitharaman said on Sunday that while the Middle East conflict has led to an increase in the country’s petroleum and fertiliser subsidy bill due to the spike in global prices, the government has an adequate resource buffer to manage the situation without any changes in the Budget estimates for 2026-27. Speaking at the NDTV Profit Business Leadership Awards function here, the Finance Minister said, “I have kept buffers which can take care of it and…
Mumbai, July 25 (IANS) Actress Adah Sharma says after she tasted success with the hit film “The Kerala Story,” it helped in opening doors to bigger and more challenging opportunities. Contrary to the belief that actresses often face lack of well-written roles after starring in a hit project, Adah shared that the film helped her bag a diverse range of complex characters.Asked if she experienced a lack of well-written roles after a hit film, Adah told IANS: “I actually experienced that once …
Mumbai, July 24 (IANS) India’s foreign exchange reserves rose by $1.08 billion to $676.237 billion for the week ended July 17, extending their upward trend, according to data released by the Reserve Bank of India (RBI) on Friday.The latest increase follows a gain of $964 million in the previous reporting week, when the country’s forex reserves climbed to $675.157 billion.The RBI’s weekly statistical supplement showed that the country’s foreign exchange reserves continued to strengthen after reco…
New Delhi, July 23 (IANS) Text‑message‑based scams and mobile fraud have surged sharply in India, with SMS scams up 146 per cent and mobile fraud sessions rising 67 per cent between the second half of 2025 and the first half of 2026 compared to the same period prior year, according to a report.The report from BioCatch said the surge in mobile fraud sessions includes an 86 per cent increase on iOS devices and a 35 per cent rise on Android.Fraud is becoming faster and more costly as risky paym…
New Delhi, July 23 (IANS) Amid global uncertainties, India remains among the fastest growing major economies across the globe and has been able to sustain the momentum in economic activities through June, and both industrial and services sector indicators remained firm in India, according to the Reserve Bank of India (RBI).The farm sector is witnessing uneven southwest monsoon, but the impact on food inflation may be mitigated by comfortable foodgrain stocks. “The momentum of external trade su…
Gandhinagar, July 22 (IANS) The Gujarat government on Wednesday launched a coordinated initiative involving banks and the police to strengthen the state’s response to cyber fraud, with a particular focus on freezing stolen funds during the crucial “golden hour” immediately after a complaint is lodged. The initiative was discussed at a high-level meeting chaired by Deputy Chief Minister Harsh Sanghavi at GIFT City in Gandhinagar, bringing together heads of leading banks, senior police officers an…
Jaipur, July 21 (IANS) In a major initiative to strengthen Rajasthan’s cybersecurity framework and safeguard public funds, a special cyber coordination meeting of the State Level Bankers’ Committee (SLBC) was held at the Government Secretariat on Tuesday. Chief Secretary V. Srinivas, Director General of Police (DGP) Rajiv Kumar Sharma, senior officials of the Rajasthan Police, and representatives of major banks participated in the meeting to formulate a concrete and result-oriented strategy …