The Latest Breaking News from RBI

State to raise ₹9,000 crore through OMBs during Q2

Gets Centre’s nod to raise ₹3,000 crore on July 5

The Hindu · Jul 3, 2022

RBI's deposit insurance arm to pay depositors of two co-operative banks in August

MUMBAI: The deposit insurance and credit guarantee corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai next month.

The Times of India · Jul 3, 2022

Chennai: Liberalism, tolerance key part of education, says former RBI governor Raghuram Rajan

CHENNAI: Liberalism, tolerance and respect for opinions and beliefs of others are the important lessons of education, said economist and former RBI governor Raghuram Rajan on Saturday

The Times of India · Jul 2, 2022

Private sector lenders ahead in utilising ECLGS: RBI

MUMBAI: Private sector banks have show greater appetite than their public sector peers in utilising the Emergency Credit Line Guarantee Scheme (ECLGS), an RBI report said on Thursday.

The Times of India · Jun 30, 2022

Bad loans of banks expected to decline further to 5.3% by March 2023: RBI report

MUMBAI: The Reserve Bank on Thursday said the bad loans of banks are expected to further decline to 5.3 per cent of total advances by March 2023 from a six-year low on the back of growth in credit and declining trend in the stock of NPAs.

The Times of India · Jun 30, 2022

Cryptocurrencies are clear danger, says RBI governor Shaktikanta Das

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das termed cryptocurrencies to be a clear danger and said that it has the potential to disrupt financial stability.

The Times of India · Jun 30, 2022

Rate tweaks to make up for inefficiencies in value chain; states conscious of inflation impact: Finance minister

CHANDIGARH: Finance minister Nirmala Sitharaman on Wednesday said any increase in GST rates under the rate rationalisation exercise is intended to make up for the 'inefficiencies' in the value chain.

The Times of India · Jun 29, 2022

Bengaluru: Farmers protest, demand change in loan policy

BENGALURU: A few hundred farmers from across the state attempted a protest in front of the Reserve Bank of India (RBI) in Bengaluru on Tuesday, demanding a change in loan policy and removal of a CIBIL score requirement to secure agricultural loans.

The Times of India · Jun 29, 2022

Andhra Pradesh: political interference increasing in the functioning of cooperative banks, alleges VCB Chairman

‘In the name of reforms, Centre is amending Banking Regulation Act and imposing several restrictions’

The Hindu · Jun 28, 2022

‘Small savings rates likely to be raised’

Economists cite rising G-sec yields to which savings rates are tied

The Hindu · Jun 27, 2022