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Searched Tag: reserve bank of india rbi

The PM said Indian banks are holding ₹78,000 crore of unclaimed money belonging to Indian citizens, while insurance companies have nearly ₹14,000 crore lying unclaimed

PM urges people to join in campaign to reclaim forgotten assets

December 10, 2025, 07:06 PM - 2 min read

The government launched ‘Your Money, Your Right’ campaign on October 4, 2025, to facilitate the settlement of unclaimed financial assets and return these to their rightful owners

In its bi-monthly monetary policy, the RBI reduced the policy rate (repo) by 25 basis points to boost liquidity to support a “goldilocks” economy amid high US tariffs, and also announced three-year USD/INR Buy Sell swaps of USD 5 billion this month

The rupee will find its correct level: RBI Governor

December 7, 2025, 01:20 PM - 3 min read

With the rupee depreciating nearly 5 per cent this year, and the Reserve Bank of India (RBI) announcing a three-year USD/INR Buy Sell swaps of USD 5 billion this month in its monetary policy meeting, the central bank’s governor, Sanjay Malhotra, said the bank does not target any band for the rupee in the forex market and allows the domestic unit to “find its own correct level”

The GDP registered a six-quarter high growth on the back of resilient domestic demand despite global trade and policy uncertainties

India’s GDP growth projection for FY26 raised to 7.3 pc: RBI

December 6, 2025, 06:29 PM - 3 min read

A sharper-than-expected GDP growth of 8.2 per cent in the second quarter of 2025-26 encouraged the Reserve Bank to raise its GDP growth projection for the current fiscal to 7.3 per cent from it earlier estimate of 6.8 per cent

The central bank’s six-member monetary policy committee also decided to conduct open market operations of 1 trillion rupees and another $5 billion in forex swaps to boost transmission of lower rates and amp-up spending

RBI cuts repo rate by 25 bps

December 5, 2025, 10:31 AM - 2 min read

The decision to lower the repo rate to 5.25 per cent by the RBI panel was unanimous, say sources

RBI has cumulatively reduced the repo rate by 100 basis points in successive policy announcements to 5.5 per cent, before hitting the pause button in August

Economists bet on another RBI interest rate cut

November 30, 2025, 03:59 PM - 4 min read

In its upcoming monetary policy meeting on December 5, the Reserve Bank of India (RBI) is expected to trim benchmark lending rate by another 25 bps in the backdrop of subdued inflationary pressures

On October 4, Finance Minister, Nirmala Sitharaman, had launched a three-month nationwide awareness campaign to run from October-December 2025 on unclaimed assets in the financial sector, titled ‘Apki Poonji, Apka Adhikar (Your Money, Your Right)’

‘Unified portal to help retrieve unclaimed assets’

November 27, 2025, 05:59 PM - 3 min read

Department of Financial Services Secretary, M Nagaraju, said on Thursday a unified portal is being developed by the Ministry of Finance and the Reserve Bank of India (RBI) to help citizens claim unclaimed assets from bank deposits, pension funds, shares, and dividends