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The Latest Breaking News from RBI

RBI issues 'alert list' on entities not authorised to deal in forex trading

MUMBAI: The Reserve Bank on Wednesday came out with an 'Alert List' containing the names of 34 entities, including OctaFX, Alpari, HotForex, and Olymp Trade, that are not authorised to deal in forex and operate electronic trading platforms in the country.

The Times of India

Forex reserves down $3 billion to $561 billion

MUMBAI: The country's foreign exchange reserves declined by $3.007 billion to $561.046 billion in the week ended August 26, the Reserve Bank of India (RBI) data showed.

The Times of India

Slow improvement: On first quarter GDP growth

Fiscal authorities should spur consumption and investment to aid faster recovery

The Hindu

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Economy likely to grow at 7-7.4% in FY23, says finance secretary

NEW DELHI: The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year.

The Times of India

India's Q1 GDP grows at fastest pace in a year: Key takeaways

NEW DELHI: India's gross domestic product for the period April-June 2022 came in at 13.5%, data released by Centre showed on Wednesday.

The Times of India

India's GDP grows at 13.5% in Q1 of FY23

NEW DELHI: The gross domestic product (GDP) for first quarter ended June 30 came in at 13.5%, data released by the government showed on Wednesday.

The Times of India

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister

The Hindu

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Piramal Enterprises demerger: All you need to know

NEW DELHI: The National Company Law Tribunal (NCLT) had on August 12 approved the demerger of Piramal Enterprises Ltd (PEL).

The Times of India

RBI mulls setting up of fraud registry to check banking frauds

NEW DELHI: As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud.

The Times of India

Bank holidays in September: All you need to know

NEW DELHI: In the month of September, banks will remain closed for 8 days in total, according to Reserve Bank of India's (RBI) calendar of holidays.

The Times of India

Intel agencies seek law on crypto deals

Exchanges must be mandated to report suspicious transactions, officials tell Home Minister

The Hindu

Banking goes 100% digital in Palakkad

MP calls upon banks to be empathetic to common people

The Hindu

RBI imposes restrictions on Thodupuzha Urban Co-operative Bank, Kerala

The restrictions will remain in force for six months from the close of business on August 23, 2022.

The Hindu

Inflation peaked at 7.8%, 4% target by FY24: RBI governor

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das has said inflation expectations have been anchored after peaking at 7.8% in April 2022. The governor also said that the central bank would like to bring down inflation to within 4% over a time cycle of about two years or so.

The Times of India

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The Hindu

Malappuram DCB-Kerala bank merger: RBI nod expected

THIRUVANANTHAPURAM

The Times of India

DICGC to pay depositors of 17 co-operatives in October

MUMBAI: The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of 17 co-operative banks in October.

The Times of India

No move to levy charges on UPI services: Finance ministry

NEW DELHI: There is no move in the government to levy any charges on UPI (Unified Payments Interface) transactions, the finance ministry said on Sunday. It asserted concerns of service providers for cost recovery have to be met through other means.

The Hindu

UPI costs must be met through other means: Centre

Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS

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The Hindu

Freebies come at a price: economist

RBI’s Monetary Policy Committee member Ashima Goyal says voters should be told about financing and trade-offs involved

The Hindu

Government must release White Paper on privatisation of public banks: Congress

It has forced RBI to become the “Reverse Bank of India”, Congress says

The Times of India

'Repeated summonses': Kerala HC asks ED to respond

KOCHI: A high court bench of Justice VG Arun on Tuesday asked the Enforcement Directorate (ED) to respond to a petition filed by Kerala Infrastructure Investment Fund Board (KIIFB) challenging repeated summonses issued to its officers by the central agency.

The Hindu

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.

The Hindu

Banks to face consequence for unacceptable practices of loan recovery agents

RBI clamps down on ‘intimidation’

The Hindu

The buyer may wait a little longer

RBI decision to increase repo rate will have its impact.

Dynamite News

Centre re-nominates 4 independent directors on central board of RBI

Further, Iyer and Chaturvedi have been re-appointed as a Member of the Northern Local Board and on the Eastern Local Board of the Reserve Bank of India for a further period of four years after completion of their present tenure on September 18, 2022, or until further orders. Read more…

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