The Latest Breaking News from RBI

He called the exercise a “backdoor monetisation of the fiscal deficit by the central bank”.

India is in a sweet spot to grow robustly despite global turmoil and monsoon risks. RBI Deputy Governor M. Rajeshwar Rao inaugurated the first annual seminar on ‘Banking regulation, intermediary soundness and systemic stability’ at IIM-Kozhikode. He said credit risk management tools, especially for risk transfer or migration, are essential.…

Absconding directors of co-op bank nabbed

Mere possession of permanent registration under the Foreign Contribution (Regulation) Act, 2010, does not create a right in favour of an organisation to get the amounts, received from foreign countries, credited to their designated savings bank account, the High Court of Karnataka has said.

India is facing its driest August in 100 years, with 7% less rainfall than the long-period average. This is expected to hit kharif crop sowing, leading to higher food prices. RBI's August bulletin shows that while monsoon rainfall still plays a major role in agricultural results, its impact has reduced…

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inter-institutional championships

Finance Ministry says food inflation likely to be transitory due to govt pre-emptive measures & arrival of fresh crops. Govt has taken steps to restrain food inflation & imports of pulses to moderate inflation. RBI's MPC revised inflation projection to 5.4% & Govt capex driving growth. External sector needs monitoring…

Concerns were also raised in relation to Google Pay’s “unfettered access” to its customers’ personal information such as Aadhaar, PAN and other transaction details.