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The Latest Breaking News from Reserve Bank of India

Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Paytm, backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) and Alibaba Group Holding Ltd's (NYSE:BABA) fintech affiliate Ant Group, looks to break even on an operating basis over the next year-and-a-half, Bloomberg reports. The Indian digital payments pioneer doubled its gross merchandise value to $34.3 billion in the March quarter. Paytm looks to become profitable in…

Benzinga

India sought probe into ex-RBI gov Rajan for helping ‘white man’

India accused the RBI of setting interest rates to favour developed nations, pushing it to slash the rates.

Al Jazeera

RBI governor Shaktikanta Das stresses on 100% self-sufficiency in banknote manufacturing

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday stressed on achieving 100 per cent self-sufficiency in banknote manufacturing in the near future.

The Times of India

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RBI central board discusses impact of geopolitical crises on Indian economy

MUMBAI: Amid the ongoing Russia-Ukraine war, the Central Board of Directors of Reserve Bank of India on Friday discussed the overall impact of current global geopolitical crises on the Indian economy.

The Times of India

Global uncertainties, India’s growth prospects

Normalisation of the economy has been disturbed and the growth objective would be served by apt fiscal policy moves

The Hindu

Will ensure abundant liquidity for credit system to function normally: RBI governor

MUMBAI: Reserve Bank of India (RBI) will ensure abundant liquidity in the market for the credit system to function normally, governor Shaktikanta Das said on Monday.

The Times of India

Indian economy better placed to deal with any challenge, says RBI governor

MUMBAI: The Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said the RBI will continue to ensure adequate liquidity to support the economy, which is facing many headwinds in the form of soaring crude oil and key commodity prices following the Russian invasion of Ukraine.

The Times of India

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RBI letter to Paytm Bank does not talk about data access, says Vijay Shekhar

NEW DELHI: The Reserve Bank of India (RBI) in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday.

The Times of India

Monetary policy is an art of managing expectations, says RBI governor

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said "monetary policy is an art of managing expectations" as he emphasised the need for an effective communication strategy amid concerns over rising inflation fuelled by geopolitical developments.

The Times of India

Thomas Mathew takes charge as RBI regional director

Thomas Mathew has taken charge as Regional Director, Reserve Bank of India (RBI), Thiruvananthapuram. Prior to the new posting, he was the Chief General Manager of the Department of Regulation at the RBI, Central Office, Mumbai.

The Hindu

RBI cancels registration of NBFC for its Chinese links

HYDERABAD: The Reserve Bank of India on Thursday cancelled the certificate of registration issued to PC Financial Services Private Limited, an NBFC, which is linked to Chinese companies.

The Times of India

Interest rates are unlikely to go any lower, signals RBI

MUMBAI: The Reserve Bank of India (RBI) on Wednesday indicated that interest rates have bottomed out and yields are inching up in debt instruments as well as deposits, in clear indications that there may not be any rate cuts in the near future.

The Times of India

RBI to observe financial literacy week during Feb 14-18

The Reserve Bank of India (RBI) will observe 'financial literacy week' during February 14-18, in order to propagate financial education messages among the public across the country.

Dynamite News

In current times, monetary and fiscal policies cannot be a 'question of either or': Shaktikanta Das

MUMBAI: Defending the long pause in interest rate hike and the continuing accommodative stance, Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said in current times, "monetary and fiscal policies cannot be a question of either or, but must go in tandem with each other".

The Times of India

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The Times of India

Consumer confidence shows gradual improvement in January, future expectations turn weak: RBI report

NEW DELHI: Consumer confidence showed gradual improvement in January 2022, but remained in pessimistic zone, survey released by the Reserve Bank of India (RBI) showed on Thursday.

Newslaundry

Daily Dose Ep 967: Phase 1 polling in UP, Ashish Mishra gets bail

Supriti David brings you the news from Uttar Pradesh, the Reserve Bank of India, the Supreme Court and China.

The Times of India

Warning Indians against cryptocurrencies, RBI chief says tulips have more value

NEW DELHI: A week after budget 2022-23 proposed 30 per cent tax on gains made from cryptocurrency trades, Reserve Bank of India (RBI) governor Shaktikanta Das termed it as a "threat to macroeconomic and financial stability".

The Times of India

Explained: Why RBI didn't hike rates for 10th time in a row and what it means for you

The Reserve Bank of India left key interest rates unchanged for a tenth straight meeting, retaining an accommodative stance amid the threat of the Omicron variant. It believes India's economic recovery is still incomplete and needs continued policy support.

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The Times of India

RBI projects retail inflation at 4.5% in FY23

MUMBAI: The Reserve Bank of India on Thursday said inflation based on consumer price index (CPI) is expected to come well below its upper tolerance level, at 4.5 per cent, in the next fiscal year beginning April 2022, helped by better fresh crop arrivals, supply-side interventions, as well as prospects…

Dynamite News

RBI keeps repo, reverse repo rates unchanged for 10th time in a row

In the last monetary policy review of the current financial year, the Reserve Bank of India (RBI) on Thursday decided to keep repo and reverse repo rates unchanged.

The Times of India

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

NEW DELHI: The Reserve Bank of India's (RBI) monetary policy committee (MPC) on Wednesday unanimously decided to keep repo rate unchanged at 4 per cent for the tenth consecutive time and continued with the accommodative stance.

Benzinga

Indiam Government Officials Were Constantly Monitoring The Crypto Sector

India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank, the Reserve Bank of India (RBI), issues its digital currency.

Dynamite News

RBI to conduct overnight VRR auction of Rs 75,000 cr on Monday

The Reserve Bank of India on Monday said it will be conducting an overnight variable rate repo auction under liquidity adjustment facility (LAF) for an amount of Rs 75,000 crore today.

The Times of India

Include electric vehicles in RBI’s priority sector lending guidelines: Niti Aayog report

NEW DELHI: Including electric vehicles in the Reserve Bank of India’s (RBI) priority sector lending (PSL) guidelines can complement the $300 million facility and encourage the financial sector to mobilise necessary capital, a Niti Aayog report has recommended.

The Times of India

India among top attractive destinations for global investors: RBI paper

MUMBAI: India has attracted higher FDI flows and continues to remain among the top attractive destinations for international investors, according to an article published in Reserve Bank of India's monthly bulletin for January 2022.

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