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The Latest Breaking News from Reserve Bank of India

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

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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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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…

The Hindu

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:

Dynamite News

RBI expects return of most Rs 2,000 currency notes in circulation by September 30: RBI governor

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.

The Times of India

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

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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

The Times of India

Explainer: What is 'Hindu rate of growth' and why Raghuram Rajan's remarks may be 'premature'

NEW DELHI: India's gross domestic product (GDP) data for the third quarter (October-December 2022) received a word of caution from the former Reserve Bank of India (RBI) governor Raghuram Rajan.

The Times of India

Daily UPI transactions jump 50% to 36 crore: RBI governor

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022.

The Times of India

Forex kitty falls $325 million to $560.94 billion

MUMBAI: India's foreign exchange reserves dropped $325 million to $560.942 billion as of February 24, making it the fourth consecutive week of decline in the kitty, the Reserve Bank of India said on Friday.

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The Times of India

RBI imposes Rs 3.06 crore penalty on Amazon Pay for violation of norms

MUMBAI: The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction.

The Times of India

Foreign travellers from G20 nations can now pay via UPI in India: RBI

NEW DELHI: Travellers coming to India can now use United Payments Interface (UPI) for making payments in the country from today, the Reserve Bank of India (RBI) said in an official release on Tuesday.

The Times of India

India's forex reserves post biggest weekly decline in over 11 months

MUMBAI:India's foreign exchange reserves experienced their largest decline in over 11 months, likely due to dollar sales by the Reserve Bank of India to stabilize the rupee.

The Times of India

Retail inflation breaches RBI's comfort zone after 3 months, rises to 6.52% in January

NEW DELHI: Retail inflation based on consumer price index (CPI) rises to 6.52% in January, breaching Reserve Bank of India's (RBI) comfort zone after 3 months, data released by the government showed on Monday.

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:

The Times of India

Consumer confidence improves further in January; future expectations at 2-year high: RBI survey

NEW DELHI: Consumer confidence showed further improvement for both current period as well as for the year ahead, a survey by Reserve Bank of India (RBI) showed on Wednesday.

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:

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