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The Latest Breaking News from RBI

State to go ahead with raising OMBs

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

The Hindu

Rupee hits fresh low of 79.64/$ at close as FIIs continue to exit

MUMBAI: The rupee weakened by four paise to close at a new low of 79.63 in the foreign exchange market on Wednesday. The currency opened strong at 79.55. Dealers said that June inflation numbers coming in at 7.01%, which was better than expected, was a positive.

The Times of India

Uber faced intense scrutiny in India, suggests International Consortium of Investigative Journalists expose

BENGALURU: The Uber Files' expose by the International Consortium of Investigative Journalists (ICIJ) suggests that Uber came under intense scrutiny from RBI, Central Consumer Protection Authority (CCPA), and Indian tax authorities.

The Times of India

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Govt watchful of price situation; pointed attack on inflation to continue: Finance minister

NEW DELHI: With consumer price inflation remaining high, finance minister Nirmala Sitharaman on Tuesday said the government is watchful of the price situation and will continue the pointed attack on inflation.

The Times of India

RBI chief signals policy won’t sacrifice growth too much

Reserve Bank of India governor Shaktikanta Das said monetary policy is mindful of the economy’s growth needs, signaling that tightening will be geared to ensure there isn’t a massive slowdown.

The Times of India

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

Retail inflation at 7.01% in June as against 7.04% in May

NEW DELHI: India's retail inflation based on consumer price index (CPI) stood at 7.01% in June, data released by government showed on Tuesday.

The Times of India

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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

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

RBI introduces mechanism for international trade settlements in rupees

NEW DELHI: The Reserve Bank of India (RBI) on Monday announced certain measures to settle international trades in rupee, in order to promote global trade with emphasis on exports from India.

The Times of India

Surveillance mechanism to identify illegal loan apps urged

State concerned over steep rise in crimes relating to loan apps

The Hindu

Bangalore University retired professor sues bank after losing Rs 13 lakh to conmen, wins refund

BENGALURU: A retired Bangalore University (BU) professor had not opted for net banking or mobile banking but lost his retirement funds of nearly Rs 13 lakh from his savings bank account to online fraudsters. Denied a refund, the 65-year-old man approached a city consumer court, which has now ordered the…

The Times of India

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

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The Times of India

RBI imposes restrictions, withdrawal caps on 4 co-op banks

MUMBAI: The Reserve Bank on Friday imposed several restrictions, including a cap on withdrawals for the depositors, on four cooperative banks for six months given their deteriorating financial positions.

The Times of India

RBI imposes penalties on Federal Bank, Bank of India

MUMBAI: Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 5.72 crore on Federal Bank for deficiencies in regulatory compliance.

The Hindu

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%

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The Times of India

RBI unveils measures to curb rupee slump, boost forex inflows

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday unveiled fresh measures to stabilise the rupee, which touched multiple record lows against the US dollar.

The Times of India

RBI imposes penalty on Kotak Mahindra Bank, IndusInd Bank

MUMBAI: The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance.

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 Times of India

RBI's deposit insurance arm to pay depositors of two co-operative banks in August

MUMBAI: The deposit insurance and credit guarantee corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai next month.

The Times of India

Chennai: Liberalism, tolerance key part of education, says former RBI governor Raghuram Rajan

CHENNAI: Liberalism, tolerance and respect for opinions and beliefs of others are the important lessons of education, said economist and former RBI governor Raghuram Rajan on Saturday

The Times of India

Kolkata one of most affordable cities, shows EMI-income ratio

KOLKATA: Home buyers in Kolkata need to spend 27% of the family income on home loan, making it one of the most affordable cities in the country. Only Ahmedabad, Chennai and Pune are more affordable. While home buyers spend 22% of the income on EMIs in Ahmedabad, it is a…

The Times of India

India moves to leadership position in large-value digital payment system, RBI report

MUMBAI: India has made significant progress and moved to a leadership position in large-value digital payment systems, though it is still weak in certain parameters relating to ATMs and card payments, a RBI report said on Friday.

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