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Reserve Bank of India

    RBI’s Historic Dividend Payout: Insights Into Central Bank’s Profits

    RBI’s Historic Dividend Payout: Insights Into Central Bank’s Profits

    The Reserve Bank of India (RBI) has approved a record-breaking dividend of Rs 2.11 lakh crore to the central government for the fiscal year 2023-24. This payout, which is more than double the anticipated amount, comes as a significant boost to govern

    May 27, 2024 / 04:59 PM IST
    RBI Will Release Guidelines For Online Loan Product Aggregators

    RBI Will Release Guidelines For Online Loan Product Aggregators

    The Reserve Bank of India declared that it will shortly establish the legal framework for web-aggregation of loan products in an effort to protect the interests of borrowers. A single regulatory framework for connected lending will be released by the

    February 10, 2024 / 02:52 PM IST
    2K Notes Worth ₹9,760 Crore Were Not Returned

    2K Notes Worth ₹9,760 Crore Were Not Returned

    The Reserve Bank of India (RBI) reported that just Rs 9,760 crore worth of Rs 2,000 denomination banknotes are still in circulation after banks received 97.26% of them. On May 19, the RBI declared the removal of banknotes with a denomination of Rs 2,

    December 4, 2023 / 11:59 AM IST
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