The Latest Breaking News from Reserve Bank of India

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 · Aug 22, 2023

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 · Jul 27, 2023

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 · Jul 3, 2023

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 · May 22, 2023

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 · May 22, 2023

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NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.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 · May 22, 2023

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 · May 21, 2023

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 · May 12, 2023

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 Hindu · Apr 24, 2023

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 · Mar 7, 2023