The Latest Breaking News from RBI

Crushed by inflation, populace using loans to make ends meet: Congress

The October bulletin ‘shows extremely concerning economic trends’ as inflationary trends have remained above the RBI’s threshold level of 4%.

The Hindu · Oct 25, 2023

PPF returns 41 bps behind formula rates

PPF and recurring deposits are still out of sync with a formula-based rates regime for small savings schemes adopted in 2016.

The Hindu · Oct 22, 2023

TDB to deposit 500 kg of gold in RBI for an annual interest of ₹6 crore

TDB to deposit 500kg gold in RBI for 5yrs; earn ₹6cr/yr. SBI Mumbai to assist. Gold to be smelted into biscuit form. Antique gold, artefacts, utensils to be catalogued, sorted. Fast-tag system for Sabarimala parking fees. Thirupathi model queue system for crowd control. No cardamom in Aravana Payasam. 6 lakh…

The Hindu · Oct 19, 2023

India’s Bank of Baroda expose worsens: Agents steal money from accounts

RBI has banned BoB from onboarding new customers on its app after an expose by The Reporters’ Collective-Al Jazeera.

Al Jazeera · Oct 12, 2023

Tightrope walk: On RBI holding rates

RBI’s Monetary Policy Committee decision to leave interest rates unchanged even as the central bank warned of the major risk that ‘high inflation’ poses to macroeconomic stability is a clear sign that monetary authorities find themselves caught in a cleft stick.

The Hindu · Oct 8, 2023

Retail inflation likely eased in September, but may be higher than RBI hopes

India’s retail inflation is likely to have retreated below 6% in September after two months over the central bank’s tolerance threshold.

The Hindu · Oct 8, 2023

Morning Digest | FIR links NewsClick case to legal aid for Chinese companies; Canada moves diplomats out of India to Singapore, Malaysia, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu · Oct 7, 2023

RBI strikes hawkish tone with surprise bond plan

MUMBAI: The Reserve Bank of India struck a hawkish policy tone on Friday, saying inflation remains uncomfortably high and it may take measures to absorb excess cash in the market to keep price pressures under control.

The Times of India · Oct 6, 2023

RBI doubles gold loan limits for urban cooperative banks to Rs 4 lakh

MUMBAI: The Reserve Bank of India on Friday announced doubling the lending limits for gold loans under the bullet repayment scheme for urban cooperative banks to Rs 4 lakh.

The Times of India · Oct 6, 2023

Judicial interventions in ongoing cases against NewsClick: A timeline of events

We take a look at the chronology of events pertaining to interventions by High Courts in the ongoing cases against NewsClick

The Hindu · Oct 3, 2023