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The Latest Breaking News from RBI

India's retail inflation hits 3-month low at 5.10% in January

India's retail inflation rate has reached a three-month low at 5.10% in January. This dip in inflation is a positive sign for the Indian economy.

Top News

Kerala one of most financially unhealthy states, Attorney General tells Supreme Court

Responding to Kerala's government suit, the Centre in its affidavit, apprised the apex court that Kerala has been one of the most financially unhealthy states. Read further on Dynamite News:

Dynamite News

Stocks marginally up Wednesday, investors now await RBI monetary policy

Indian stock indices were marginally higher at Wednesday's opening bell, tracking positive cues from overnight US markets and the latest return of foreign portfolio investors. Read further on Dynamite News:

Dynamite News

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Mint Street musings: On the interim Budget and the RBI

The interim Budget for 2024-25 could give the central bank some more room to ease liquidity constraints in the economy

The Hindu

NABARD pegs A.P. credit potential for priority sectors at ₹3.55 lakh crore

NABARD projects ₹3.55 lakh crore credit potential for Andhra Pradesh's priority sectors, with a focus on agriculture and rural development.

The Hindu

Hearing of cases filed against LVB-DBS Bank merger near completion before Madras High Court

The marathon final hearing on the merger of Lakshmi Vilas Bank with DBS Bank India is nearing completion before the Madras High Court.

The Hindu

Sensex, Nifty cut Paytm daily trading limits to 10% after stock rout

India's prime stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), have halved the daily trading limit for shares of digital payments giant Paytm. Effective Monday, the new cap is set at 10%, down from the prior 20%. This decision trails a staggering $2 billion plunge…

The Times of India

Exposing India’s financial markets to the vultures

The internationalisation of bond markets and currencies of emerging economies is often presented as an ideal recipe but the risks involved are seriously underestimated

The Hindu

Ex-RBI Governor Raghuram Rajan meets former Maharashtra CM Uddhav Thackeray in Mumbai

Former RBI Governor Raghuram Rajan meets Shiv Sena chief Uddhav Thackeray, who had backed Mr. Rajan’s criticism of the Central government.

The Hindu

RBI imposes Rs 75,000 penalty on Jila Sahakari Kendriya Bank Maryadit in MP's Shahdol for violating rules

The RBI in an official statement issued on Monday said that the action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Read further on Dynamite News:

Dynamite News

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Top News

RBI Chief: India's Inflation Nearing 4% Target

The Reserve Bank of India (RBI) Governor has stated that inflation in India is gradually moving towards the central bank's target of 4%.

The Hindu

FASTags with incomplete KYC to be deactivated post January 31

NHAI announces that FASTags with incomplete KYC will be deactivated by banks after January 31, 2024.

The Hindu

RBI cancels licence of Hiriyur Urban Co-op bank with immediate effect

The Reserve Bank of India cancelled the licence of The Hiriyur Urban Co-operative Bank Ltd in Karnataka

The Hindu

Naidu making false claims on State’s debt, says Buggana

Finance Minister Buggana Rajendranath Reddy refutes TDP's allegations of state finances in disarray and debts of ₹13 lakh crore.

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The Hindu

Telangana yet to get Centre’s permission to raise market borrowings for Q4

The Telangana government has apparently landed in a piquant situation in raising resources through open market borrowings for the January-March quarter of the current financial year

The Hindu

India is not attracting enough manufacturing through China Plus One strategy, says Raghuram Rajan

Former RBI Governor Raghuram Rajan discusses India's lack of manufacturing & policy clarity to attract investors.

The Hindu

The rise of AI chatbots in India’s banking sector | Data

Rise of AI Chatbots in India’s Banking Sector: About 80% of banks have adopted chatbots capable of engaging in conversations with human users according to RBI.

The Hindu

Private banks on a housing loan spree, 99% pay dues on time as of now | Data

Personal loans dominate India's banking sector, with housing loans leading the way and low GNPA ratios.

Dynamite News

97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal

The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned. Read further on Dynamite News:

The Hindu

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

Tamil Nadu to borrow ₹37,000 crore in 2023-24 to bridge income-expenditure gap, SDLs form major part of total liabilities.

The Hindu

Bomb blast threat to RBI and other locations in Mumbai; no suspicious object found, say police

A threat mail sent to the Reserve Bank about 11 bomb blasts in Mumbai sent police into a tizzy, but no suspicious object was found at these locations

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