The Latest Breaking News from RBI

RBI clears SBI Funds to buy up to 9.99% stake in HDFC Bank

MUMBAI: India's HDFC Bank said on Wednesday that the Reserve Bank of India had allowed SBI Funds Management Ltd to acquire a stake of up to 9.99% in the private lender.

The Times of India · May 17, 2023

No hike in repo rate has made builders breathe easy

Builders breathe easy following pause in repo rate hike by RBI

The Hindu · May 12, 2023

Top official refutes allegations that Andhra Pradesh’s finances are in a bad shape

A deliberate malicious campaign is being carried out that Andhra Pradesh is reeling under ₹10 lakh crore debt, says Duvvuri Krishna

The Hindu · May 11, 2023

Cumulative impact of monetary policy actions still unfolding: RBI governor in MPC meeting

MUMBAI: RBI governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday.

The Times of India · Apr 20, 2023

India seeks to deepen forex markets with onshore NDFs

MUMBAI: India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank.

The Times of India · Apr 6, 2023

RBI decides to keep repo rate unchanged at 6.5 pc

The Reserve Bank of India has decided to keep the key benchmark interest rate - repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday, after a two-day monetary policy (MPC) meeting. Read further on Dynamite News:

Dynamite News · Apr 6, 2023

RBI keeps repo rate unchanged at 6.5%

NEW DELHI: In a surprise move, the Reserve Bank of India's monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%, RBI governor Shaktikanta Das said.

The Times of India · Apr 6, 2023

Break up India’s biggest companies, former deputy governor of RBI Viral Acharya says

MUMBAI: India’s biggest conglomerates, which wield immense pricing power in the retail, resources and telecommunication sectors, are contributing to elevated inflation and should be broken up, a former central banker said.

The Times of India · Mar 30, 2023

India emerged stronger from pandemic years, says RBI report

NEW DELHI: Even as global growth is set to slow down or even enter a recession in 2023, as global financial markets wager, India has emerged from the pandemic years stronger than initially thought, with a steady gathering of momentum since the second quarter of the current financial year, as…

The Times of India · Mar 21, 2023

SC rejects Centre's plea for more compensation for Bhopal gas tragedy victims

The Supreme Court on Tuesday dismissed the Centre's curative plea for enhanced compensation for the victims of the 1984 Bhopal Gas tragedy from US-based firm Union Carbide Corporation, now owned by Dow Chemicals. Read further on Dynamite News:

Dynamite News · Mar 14, 2023