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The Latest Breaking News from Reserve Bank of India

India’s central bank cuts interest rates after Trump’s tariffs kick in

Reserve Bank lowers growth forecast after economists estimate US tariffs could shave 20-40 basis points off growth in world’s fifth-largest economy this year

The Independent UK

Mumbai: RBI receives bomb threat in Russian, probe underway

The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said. Read further on Dynamite News:

Dynamite News

Repo rate unchanged at 6.5 per cent: RBI Governor Shaktikanta Das unveils monetary policy

Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent. Read further on Dynamite News:

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RBI Issues Master Direction for Asset Reconstruction Companies

The Reserve Bank of India (RBI) has issued Master Direction to the Asset Reconstruction Companies. Read further on Dynamite News:

Dynamite News

Book launched to honour C. Rangarajan

The Hindu

India Central Bank Urges Visa, Mastercard to halt B2B Fintech Payments

The Reserve Bank of India has requested Visa and Mastercard to cease business-to-business payments through fintech platforms, according to sources.

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Urban consumer confidence stable, optimism in income levels | Data

November 2023 Consumer Confidence Survey: Pessimism about general economic situation, employment & income levels decreases; higher share of respondents say income levels have improved.

The Hindu

A slick show from its men gives Petroleum a record-extending 27th title in National table tennis

Petroleum & RBI win 27th & 1st titles respectively in National Table Tennis Championship.

The Hindu

Easing credit flow: On the Reserve Bank of India’s Public Tech Platform for Frictionless Credit

The need for such a centralised public platform can hardly be over-emphasised when one considers the lack of formal credit penetration in the rural hinterland

The Hindu

Explained | RBI’s proposal for interoperability of credit and debit cards

The Reserve Bank of India has proposed that card issuers be mandated to provide customers with the choice of multiple card networks, instead of only specific networks with which the bank has exclusive agreements

The Hindu

Delhi HC dismisses PIL against withdrawal of ₹2,000 notes

The Delhi High Court on July 3 dismissed a public interest litigation (PIL) challenging the Reserve Bank of India (RBI’s) decision to withdraw ₹2000 denomination currency notes from circulation.

The Hindu

RBI’s financial literacy quiz for schoolchildren

Reserve Bank of India to organise financial literacy quiz for schoolchildren in the State.

The Hindu

Data | Less than half of urban consumers pessimistic about the economy

When asked about their current perception of the economy, 48.9% said it has worsened

The Hindu

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The Hindu

Did Modi Government pressurise RBI to help loan defaulters: Congress

Congress questioned the latest Reserve Bank of India (RBI) instructions to the banks allowing for “technical write-offs” for accounts categorised as wilful defaults and allowing such accounts to take fresh loans after a cooling-off period.

The Hindu

Slow withdrawal: on the RBI and the ₹2,000 note

The sudden decision by the Reserve Bank of India to withdraw the ₹2,000 notes in circulation has raised questions about the rationale

The Hindu

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed there is no need to rush to the banks and signalled the last date is only meant to nudge…

Dynamite News

Rs 2000-Note Withdrawal: "Do not rush to banks," as it will continue to be legal tender, says RBI governor

The Reserve Bank of India on Friday withdrew the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

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The Hindu

Return of ₹2,000 notes to bolster bank coffers, money market liquidity, says research report

The Reserve Bank of India’s decision to withdraw ₹2,000 notes could boost banks’ deposit base and liquidity in the money markets by anywhere between ₹40,000 crore to ₹1.1 lakh crore, even if just about a third of these heavily hoarded high currency notes are flushed out by the exercise, according…

The Hindu

Financial Literacy Programme held at KVM College

Retired chief managers and financial counsellors of the State Bank of India led the awareness classes organised as part of the Reserve Bank of India initiative

The Hindu

Batting for borrowers: on the Reserve Bank of India’s recent draft circular

The Reserve Bank of India’s decision to ensure a fair and transparent approach to credit pricing must be viewed in the context of increasing retail lending

Dynamite News

Delhi: Fake RBI Documents Worth Rs.88k Crore Seized By CISF At IGI Airport; Three Passengers Nabbed

Fake Reserve Bank of India (RBI) documents worth Rs. 88 thousand crores were seized at the Indira Gandhi International Airport. Read further on Dynamite News:

Dynamite News

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

RBI MPC Raises Repo Rate By 25 BPS To 6.5 pc

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:

Dynamite News

Demonetisation: Supreme Court Upholds Validity Of 2016 Note Ban

The top court's remarks came when the Reserve Bank of India counsel made the submission that judicial review cannot apply to economic policy decisions. Read on for details:

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