The Latest Breaking News from RBI

Share of Tamil Nadu’s own tax revenue has remained stable at over 70 per cent: RBI study

Tamil Nadu's SOTR share of total tax revenue stable at over 70%, SGST emerged as most important source post-GST.

The Hindu · Dec 14, 2023

Telangana ranked among the top in own tax revenue collections at 84.2% of overall tax collected

Telangana ranks among top States in terms of own tax revenue, with 84.2% of overall tax revenue.

The Hindu · Dec 13, 2023

Telangana to borrow ₹500 crore through auction of securities by RBI

The State government has decided to raise market borrowings of ₹500 crore. It has put up an indent for raising the amount through auction of securities

The Hindu · Dec 11, 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Ernakulam consumer rights panel asks bank to refund amount withdrawn beyond credit card holder’s remaining balance limit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

Banks cautioned against loan recovery from farmers

Banks in Mysuru district were instructed to desist from loan recovery from farmers given the prevailing drought in the region.

The Hindu · Nov 28, 2023

What is RBI’s latest move to increase risk weight for lending about? | Explained

The RBI recently issued regulatory measures to banks and NBFCs to increase risk weights associated with consumer credit and bank credit by an additional 25 percentage points. We examine the rationale behind the move and its potential impact.

The Hindu · Nov 24, 2023

Former RBI Governor S Venkitaramanan passes away

Former Governor of the Reserve Bank of India S Venkitaramanan passed away here on Saturday, due to brief illness. Read further on Dynamite News:

Dynamite News · Nov 19, 2023

Former RBI Governor S. Venkitaramanan passes away at 92

Former Governor of the Reserve Bank of India S. Venkitaramanan, passed away on November 18 in Chennai at 92-years-old

The Hindu · Nov 18, 2023