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The Latest Breaking News from RBI

Kisan Congress’ plea to RBI

Banks urged not to deduct amount from farmers without their consent

The Hindu

Under RBI’s ombudsman scheme, 7,813 complaints received against digital apps and recovery agents

Public can seek redressal through its ombudsman scheme, says Minister in LS

The Hindu

Business: RBI wants govt to prohibit cryptocurrencies, says FM Sitharaman

The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the government, Finance Minister Nirmala Sitharaman said. Read more on Dynamite News:

Dynamite News

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Explained | Will RBI move help greater trade in rupee?

Which countries are likely to be interested in India’s rupee settlement facility? Will payment issues with Russia ease?

The Hindu

State to go ahead with raising OMBs

₹4,000 crore of ₹9,000 cr projected during the quarter already raised

The Hindu

At above 7%, retail inflation stays stubborn

Food price inflation, as per the Consumer Food Price Index, eased to 7.75%, from 7.97%, but remained above 8% in urban areas, at 8.04%.

The Hindu

The scam faultline is damaging Indian banking

More steps to prevent frauds are needed which include tightening the internal and external audit systems of banks

The Hindu

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RBI sets up system to settle trade in rupees

Mechanism may enable Indian exporters to receive advance payment against exports from overseas importers in rupees

The Hindu

Surveillance mechanism to identify illegal loan apps urged

State concerned over steep rise in crimes relating to loan apps

The Hindu

Data | Making sense of Rupee’s record slump to 79 per dollar

While the rupee has fared better than other emerging market currencies, it is the worst performer among the BRICS countries

The Hindu

Hafta letters: Abortion terminology, discussion quality, saying goodbyes

I didn’t see any letters read out for Let’s Talk About, so I’ve sent it to Hafta. I would like to offer some of my thoughts on the LTA religion discussion. The question as to why religion exists has been answered in The Sapiens by Dr YNH. It’s the same…

Newslaundry

RBI cautions TS and other States to reduce borrowings

TS example quoted in longer term bonds as they reduce rollover risks

The Hindu

Latest RBI moves to stabilise rupee face many economic hurdles

Economists estimate FY current account deficit to exceed 3%

The Hindu

State to raise ₹9,000 crore through OMBs during Q2

Gets Centre’s nod to raise ₹3,000 crore on July 5

The Hindu

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The Hindu

Andhra Pradesh: political interference increasing in the functioning of cooperative banks, alleges VCB Chairman

‘In the name of reforms, Centre is amending Banking Regulation Act and imposing several restrictions’

The Hindu

‘Small savings rates likely to be raised’

Economists cite rising G-sec yields to which savings rates are tied

The Hindu

Tamil Nadu ended fiscal 2022 with a net borrowing of ₹72,500 crore

It had taken ₹76,796 crore in 2021

The Hindu

Farmers want farm loan delinked from CIBIL score

To protest in front of RBI Bengaluru office on June 28

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The Hindu

Telangana to raise ₹3,000 crore OMB through RBI

Officials said the borrowing has Centre’s approval

Dynamite News

Business: RBI drafts plan on outsourcing of IT services by banks, NBFCs

The draft has been released for comments of stakeholders and members of the public. The last date for comments and feedback is July 22, 2022. Full story on Dynamite News:

The Hindu

Morning Digest | Shinde-led rebel Sena group sends letter to Deputy Speaker with the signatures of 42 MLAs; India reopens Embassy in Kabul, and more

A select list of stories to read before you start your day

The Hindu

RBI cancels licence of Millath Coop. Bank

Bank prohibited from conducting business

The Hindu

India reports CAD of 1.2% of GDP in FY22 on widening trade deficit: RBI

For the January-March 2022 quarter, the CAD narrowed on a sequential basis to $13.4 billion against $22.2 billion or 2.6% of GDP in the December 2021 quarter

The Hindu

RBI's 'Payments Vision 2025' aims to establish India as powerhouse of payments globally, say experts

The core theme of the ‘Payments Vision 2025’ is ‘E-Payments for Everyone, Everywhere, Everytime’

The Hindu

RBI asks States to reprioritise expenditure on subsidies to achieve long-term advantages

Advises to put in place sunset clause for each social sector scheme

1 … 13 14 15 16

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