The Latest Breaking News from RBI

Google has removed 2,500 fraudulent loan apps from its Play Store, says Finance Minister Sitharaman

Govt. removed over 2,500 fraudulent loan apps from Google Play Store to protect citizens from cybercrimes & safeguard interests. 44.46 crore loans sanctioned under PMMY.

The Hindu · Dec 18, 2023

T.N.’s outstanding liability from bonds stood at ₹5.38 lakh crore as of March 2023

Tamil Nadu had ₹5.38 lakh crore outstanding liability from bonds at end of March 2023, with 38.5% due in 1-5 years.

The Hindu · Dec 17, 2023

We enhanced Transco, Genco assets, but Congress indulging in false propaganda of accumulated losses: KTR

BRS MLA K.T. Rama Rao criticizes Congress govt. for wrong publicity & false claims of debts in Telangana.

The Hindu · Dec 16, 2023

Falling behind: On Monetary Policy Committee and inflation

The dissonance in messaging from the central bank, i.e. the Monetary Policy Committee, is telling

The Hindu · Dec 10, 2023

RBI hikes UPI transaction limit for hospitals and educational institutions

The Reserve Bank of India raised the UPI payment limits for hospitals and educational institutions from ₹1 lakh to ₹5 lakh per transaction, said Governor Shaktikanta Das on December 8.

The Hindu · Dec 8, 2023

RBI maintains status quo in policy rate for 5th time now

The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.

Dynamite News · Dec 8, 2023

Banks that funded coal plants need an escape plan | Data

Most loans to coal-fired plants were given by public sector banks of corporations

The Hindu · Dec 3, 2023

Morning Digest | Exit polls show Congress win in Telangana, Chhattisgarh, but differ over M.P., Rajasthan; GDP surges 7.6% in Q2, goes past RBI forecast; and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on November 26, 2023

The Hindu · Dec 1, 2023

GDP surges 7.6% in Q2, goes past RBI forecast

India's Q2 GDP grew 7.6%, higher than expected, driven by govt spends & manufacturing. GVA growth eased to 7.4%, but farm sector skidded to 1.2%. Construction & manufacturing led with 10.5% & 9.3% growth respectively. PFCE growth halved to 3.1%. RBI & govt expect 6.5% growth this year.

The Hindu · Nov 30, 2023

Ernakulam consumer rights panel asks bank to refund amount withdrawn beyond credit card holder’s remaining balance limit

Ernakulam District Consumer Disputes Redressal Commission orders nationalised bank to refund ₹39,507 to credit card holder and pay ₹35,000 compensation for unauthorised withdrawal. Commission cites Kerala High Court ruling that bank cannot deny liability despite RBI's limited liability circular. Bank should not have approved transaction exceeding established limit, highlighting flaw…

The Hindu · Nov 28, 2023