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India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

by AIP Online Bureau | Aug 31, 2025 | Banking & Bancassurance, Pension & Social Security, Policy

Sanjay Malhotra, Governor, Reserve Bank of India The RBI governor said 55 crore accounts have been opened under the scheme to ensure participation of people from all sections in the country’s growth journey, providing them with savings, pension, insurance,...
RBI decides to keep interest rate unchanged at 5.5 pc

RBI decides to keep interest rate unchanged at 5.5 pc

by AIP Online Bureau | Aug 6, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on Wednesday retained the GDP growth projection for the current fiscal year at 6.5 per cent while lowering the inflation forecast to 3.1 per cent from 3.7 per cent. Mumbai: After three successive...
Cryptocurrencies hamper financial stability: RBI

Cryptocurrencies hamper financial stability: RBI

by AIP Online Bureau | Jun 6, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

In absence of any regulation, cryptocurrency is not yet illegal in India. India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and finance ministry, is looking into global norms...
India, as fastest growing economy, is ideal investment destination: RBI Governor

India, as fastest growing economy, is ideal investment destination: RBI Governor

by AIP Online Bureau | Apr 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra highlighted that proactive government policies present unparalleled opportunities for investment in sunrise sectors such as space, semiconductors, renewable energy, and electric vehicles (EVs) Washington: India...
RBI decides to keep interest rate unchanged at 5.5 pc

RBI may cut interest rates further and keep liquidity flush as economy braces for trade turmoil

by AIP Online Bureau | Mar 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

Sanjay Malhotra, Governor, Reserve Bank of India Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system, allowed the rupee to slide, and eased restrictions on...
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