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The Latest Breaking News from RBI

SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes

The Reserve Bank of India has announced the withdrawal of ₹2,000 currency notes from circulation

The Hindu

₹2,000 note withdrawal will have little impact on MSME and real estate sectors, say stakeholders

The industry is likely to take the decision by the RBI, to withdraw ₹2,000 notes from circulation, in its stride and its impact on the micro and small scale industries will be negligible, said K.N. Narasimha Murthy, president, KASSIA

The Hindu

‘RBI decision will not have impact on common man’

The Hindu

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₹2,000 notes withdrawn: LPG agencies, petrol bunks to play safe after facing heat from I-T dept.

LPG agencies, petrol bunks to play safe after facing heat from I-T dept.

The Hindu

No major disruption expected in withdrawal of ₹2,000 currency notes

The Hindu

Andhra Pradesh: Minister ridicules Naidu’s claim that he is behind withdrawal of ₹2,000 denomination banknotes

The decision to withdraw the 2,000 denomination banknotes from circulation by the RBI has been taken at the highest level, and TDP supremo Chandrababu Naidu seems to be not in control of himself, says Gudivada Amarnath

The Hindu

Mamata calls decision of pulling out ₹2,000 notes from active circulation ‘whimsical’

Mamata Banerjee who was severely critical of demonetisation in November 2016 described the decision of the RBI as a “misadventures by an oligarchic & authoritarian government

The Hindu

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Is 'second demonetisation' cover-up of wrong decision made earlier, asks Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of ₹2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to cover up the wrong decision made earlier.

The Hindu

Withdrawal of ₹2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw ₹2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit, former NITI Aayog Vice Chairman Arvind Panagariya has said.

The Hindu

RBI withdraws Rs 2000 note from circulation, to remain legal tender; exchange facility available till Sept 30

The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

Dynamite News

RBI to transfer Rs 87,416 crore surplus to govt for FY23

MUMBAI: The Reserve Bank on Friday approved Rs 87,416 crore dividend payout to the central government for 2022-23, nearly triple of what it paid in the previous year.

The Times of India

Explained | What are RBI regulations on green deposits?

The Reserve Bank of India (RBI) has come up with a regulatory framework for banks to accept green deposits from customers.

The Hindu

RBI clears SBI Funds to buy up to 9.99% stake in HDFC Bank

MUMBAI: India's HDFC Bank said on Wednesday that the Reserve Bank of India had allowed SBI Funds Management Ltd to acquire a stake of up to 9.99% in the private lender.

The Times of India

No hike in repo rate has made builders breathe easy

Builders breathe easy following pause in repo rate hike by RBI

The Hindu

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The Hindu

Top official refutes allegations that Andhra Pradesh’s finances are in a bad shape

A deliberate malicious campaign is being carried out that Andhra Pradesh is reeling under ₹10 lakh crore debt, says Duvvuri Krishna

The Hindu

Finance Minister Nirmala Sitharaman to review state of economy at FSDC meeting on May 8

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on May 8.

The Hindu

Batting for borrowers: on the Reserve Bank of India’s recent draft circular

The Reserve Bank of India’s decision to ensure a fair and transparent approach to credit pricing must be viewed in the context of increasing retail lending

The Hindu

PM’s visit: Traffic regulations from 7 a.m. to 2 p.m.

Traffic will be regulated from 7 a.m. to 2 p.m. on the road leading from Shangumughom-All Saints College stretch to Chakka, Pettah, Pattoor, Asan Square, Panchapura Junction, RBI, Bakery Junction, Panavila, Model School Junction, Aristo Junction, and Thampanoor.

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Newslaundry

Daily Dose Ep 1334: 2020 Delhi riots case, US to issue record visas to Indians

Gurmehar Kaur brings you the news from Delhi, the US, the RBI and Bihar.

The Times of India

Cumulative impact of monetary policy actions still unfolding: RBI governor in MPC meeting

MUMBAI: RBI governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday.

The Times of India

India seeks to deepen forex markets with onshore NDFs

MUMBAI: India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank.

Dynamite News

RBI decides to keep repo rate unchanged at 6.5 pc

The Reserve Bank of India has decided to keep the key benchmark interest rate - repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday, after a two-day monetary policy (MPC) meeting. Read further on Dynamite News:

The Times of India

RBI keeps repo rate unchanged at 6.5%

NEW DELHI: In a surprise move, the Reserve Bank of India's monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%, RBI governor Shaktikanta Das said.

The Times of India

Break up India’s biggest companies, former deputy governor of RBI Viral Acharya says

MUMBAI: India’s biggest conglomerates, which wield immense pricing power in the retail, resources and telecommunication sectors, are contributing to elevated inflation and should be broken up, a former central banker said.

The Times of India

India emerged stronger from pandemic years, says RBI report

NEW DELHI: Even as global growth is set to slow down or even enter a recession in 2023, as global financial markets wager, India has emerged from the pandemic years stronger than initially thought, with a steady gathering of momentum since the second quarter of the current financial year, as…

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