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The Latest Breaking News from RBI

RBI issues guidelines for banks to set up 24X7 digital banking units

MUMBAI: The Reserve Bank of India (RBI) on Thursday said existing banks can open digital banking units to offer products and services in both self-served and assisted mode round-the-clock.

The Times of India

Markets fall for 3rd session: Sensex plunges 575 points; Nifty settles at 17,639

NEW DELHI: Equity indices plunged for third straight session with the benchmark BSE sensex falling over 550 points dragged by consumer durables and oil and gas stocks.

The Times of India

Online lending platforms offering loans at exorbitant rates: HC asks RBI to file status report

NEW DELHI: The Delhi high court Wednesday asked the RBI to file a status report on the steps taken for implementation of a committee's report to look into the issue of online lending platforms offering short-term personal loans at exorbitant interest rates through mobile apps.

The Times of India

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Govt. to raise ₹15,000 crore through open market borrowings in first quarter

RBI releases indicative calendar of borrowings by States/UTs

The Hindu

Has India’s central bank avoided tackling high inflation?

As the RBI focuses on managing Indian government’s debt & propping up growth, inflation soars.

Al Jazeera

Not activating countercyclical capital buffer: RBI

MUMBAI: The Reserve Bank on Tuesday said it has decided not to activate the countercyclical capital buffer at this point in time as it is not required.

The Times of India

Indian government helps central bank to circumvent inflation law

India’s finance ministry let RBI escape accountability for missing the inflation target in 2020.

Al Jazeera

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India sought probe into ex-RBI gov Rajan for helping ‘white man’

India accused the RBI of setting interest rates to favour developed nations, pushing it to slash the rates.

Al Jazeera

WMA limit for TS fixed at ₹1,728 cr.

State’s limit was the same previous year also

The Hindu

India on cusp of major economic recovery; talks of stagflation overhyped: Niti Aayog VC Rajiv Kumar

On rising inflation, the Niti Aayog Vice-Chairman Rajiv Kumar says that the RBI is keeping a close watch as per its mandate

The Hindu

ED issues notices to Transcorp

Notices have also been sent to the company’s promoter director, Ashok Kumar Agarwal, and managing director, Gopal Krishan Sharma: ED .

The Hindu

Net claims of non-residents on India up by $21.1 billion in September-December quarter

MUMBAI: Net claims of non-residents on India increased by $21.1 billion during the December quarter due to an increase in foreign-owned assets combined with a decline in Indian residents' overseas financial assets, according to the RBI data.

The Times of India

Future Enterprises defaults on Rs 19.16 crore loan repayment

NEW DELHI: Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on payment of Rs 19.16 crore to Punjab National Bank, Canara Bank and Union Bank of India under the one-time restructuring plan.

The Times of India

RBI Governor emphasises importance of self-sufficiency in bank note manufacturing

MYSURU

The Hindu

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The Times of India

RBI governor Shaktikanta Das stresses on 100% self-sufficiency in banknote manufacturing

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday stressed on achieving 100 per cent self-sufficiency in banknote manufacturing in the near future.

The Times of India

RBI central board discusses impact of geopolitical crises on Indian economy

MUMBAI: Amid the ongoing Russia-Ukraine war, the Central Board of Directors of Reserve Bank of India on Friday discussed the overall impact of current global geopolitical crises on the Indian economy.

The Times of India

Fake cops trick 4 senior citizens to rob valuables

NAGPUR: Motorbike-borne miscreants posing as police personnel duped four senior citizens of their valuables in separate incidents on Thursday.

The Hindu

Home-grown banks making a mark

These institutions, with over 100 years of unique history, have made key contributions to the growth of the State

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The Times of India

Banks to undertake special clearing operations on March 31 for closure of govt accounts

MUMBAI: Banks will conduct special clearing operations for the annual closure of government accounts on March 31, which is the last day of the fiscal year, the RBI said on Thursday.

The Hindu

SEBI refuses to disclose NSE inspection reports under RTI

New Delhi The Securities and Exchange Board of India has refused to disclose under the RTI Act its i

The Hindu

Global uncertainties, India’s growth prospects

Normalisation of the economy has been disturbed and the growth objective would be served by apt fiscal policy moves

The Times of India

Will ensure abundant liquidity for credit system to function normally: RBI governor

MUMBAI: Reserve Bank of India (RBI) will ensure abundant liquidity in the market for the credit system to function normally, governor Shaktikanta Das said on Monday.

The Hindu

Data | India transitions from money purse to digital wallets

The RBI’s newly introduced index shows that digital payments surged in India, especially during the pandemic

The Times of India

Indian economy better placed to deal with any challenge, says RBI governor

MUMBAI: The Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said the RBI will continue to ensure adequate liquidity to support the economy, which is facing many headwinds in the form of soaring crude oil and key commodity prices following the Russian invasion of Ukraine.

The Hindu

Data | Which items drove up inflation in February 2022?

Retail inflation crossed the RBI’s comfort level (6%) for the second consecutive month while wholesale inflation remained in double digits for the eleventh consecutive month

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