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The Latest Breaking News from RBI

Burger King owner says operator in Russia refuses to shut shops

Parent company RBI cannot do it directly because of complicated legal contract with main partner

The Guardian - UK

RBI gives 3-month extension to RBL Bank's interim MD & CEO

NEW DELHI: Private sector RBL Bank on Thursday said the Reserve Bank has granted an extension of three months to its interim MD and CEO Rajeev Ahuja.

The Times of India

India making steady progress, global crisis notwithstanding: RBI article

MUMBAI: Notwithstanding the geopolitical crisis created by the ongoing Russia-Ukraine conflict, India is making steady progress as it recovers from the third wave of pandemic though downside risks remain, the Reserve Bank said in an article on Thursday.

The Times of India

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‘State recording lower debt to GSDP ratio’

SEO quotes excerpts from RBI study to illustrate State claims

The Hindu

IIT Madras Incubation Cell inks deal with RBI’s Innovation Hub

They will provide support to and nurture early-stage start-ups

The Hindu

5,292 cyber financial frauds reported in Tamil Nadu in FY2021-22, says RBI data

The total amount involved was ₹17.47 crore

The Hindu

RBI letter to Paytm Bank does not talk about data access, says Vijay Shekhar

NEW DELHI: The Reserve Bank of India (RBI) in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday.

The Times of India

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Microfinance lenders should not charge usurious rates of interest, RBI says in revised norms for the sector

Central bank removes ceiling on interest rates, revises upward the amount eligible to be tagged as microfinance loan

The Hindu

Retail inflation hits 8-month high of 6.07% in Feb; wholesale stays in double-digits

NEW DELHI: Retail inflation based on consumer price index (CPI) hit an eight-month high of 6.07 per cent in February, data released by government showed on Monday. The previous high for retail inflation was 6.26 per cent in June 2021.

The Times of India

Paytm refutes reports of data leak to Chinese firms, calls it 'false and sensationalist'

NEW DELHI: Paytm Payments Bank on Monday refuted reports of leaking data to Chinese firms and termed them to be "false and sensationalist".

The Times of India

Prudent measures result in TS recording lower debt to GSDP ratio

SEO quotes excerpts from RBI study to illustrate the State’s claims

The Hindu

Data localisation not the best solution; compliance to laws top priority: Visa CEO

MUMBAI: The RBI mandate on data localisation is not the best solution to address concerns regarding information security, global cards major Visa said on Friday.

The Times of India

Forex reserves rise by $394 million to $631.92 billion

MUMBAI: The country's foreign exchange reserves increased by $394 million to $631.92 billion in the week ended March 4, the RBI data showed.

The Times of India

Ukraine war threatens another global recession, deglobalisation: RBI deputy governor

MUMBAI: The sweeping economic sanctions on Russia - the second largest producer of crude oil - following its invasion of Ukraine late last month can cull global and domestic growth along with the added pains of higher inflation and currency depreciation, RBI deputy governor Michael Patra has said.

The Times of India

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The Hindu

ED attaches ₹268-crore assets in Ponzi scheme case in Andhra Pradesh

It is alleged that AGFVIL cheated the public by collecting deposits without the approval of RBI and SEBI

The Times of India

India needs to recalibrate response to price pressure amid Russia-Ukraine war, says Raghuram Rajan

NEW DELHI: India needs to recalibrate its response to the price situation following disruptions in global supply chains on account of Russia-Ukraine war, as losing the battle against inflation neither serves the government nor the central bank, former RBI governor Raghuram Rajan said.

The Times of India

Not authorised any entity to address public grievances: RBI

MUMBAI: The Reserve Bank on Wednesday said it has not authorised any external agency to redress public complaints against regulated entities.

The Times of India

Interest subsidy scheme for exporters extended till March 2024: RBI

MUMBAI: The Reserve Bank on Tuesday extended the interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024 with the objective of boosting outbound shipments.

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The Hindu

Poultry industry seeks subsidy on maize, rice to minimise input cost

APSPF appeals to implement RBI guidelines of 3% interest waiver on bank loans

The Times of India

Never share confidential banking info, observe digital hygiene: RBI to public

MUMBAI: Worried over a spurt in digital frauds in recent years, the Reserve Bank on Monday asked people to never share confidential banking information like OTP and CVV, and observe cyber hygiene practices.

The Times of India

Monetary policy is an art of managing expectations, says RBI governor

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said "monetary policy is an art of managing expectations" as he emphasised the need for an effective communication strategy amid concerns over rising inflation fuelled by geopolitical developments.

The Guardian - UK

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Hindu

Thomas Mathew takes charge as RBI regional director

Thomas Mathew has taken charge as Regional Director, Reserve Bank of India (RBI), Thiruvananthapuram. Prior to the new posting, he was the Chief General Manager of the Department of Regulation at the RBI, Central Office, Mumbai.

The Times of India

Sales of manufacturing companies grow 27.3% in December quarter: RBI data

MUMBAI: Aggregate sales of 1,701 listed manufacturing companies recorded a growth of 27.3 per cent in the third quarter of 2021-22 on an annual basis, aided by high sales growth in petroleum, non-ferrous metals, iron and steel, chemicals and textiles industries, according to RBI data released on Monday.

The Times of India

RBI cancels registration of NBFC for its Chinese links

HYDERABAD: The Reserve Bank of India on Thursday cancelled the certificate of registration issued to PC Financial Services Private Limited, an NBFC, which is linked to Chinese companies.

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