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The Latest Breaking News from the Reserve Bank of India

God on their side, the bill on ours: Counting the real cost of the war in West Asia for India

With guns in their hands and God on their side – Bob Dylan John Mearsheimer writes in The Tragedy of Great Power Politics: “States rarely go to war unless they think that rapid success is likely.”It has been more than a month since Benjamin Netanyahu and Donald Trump started the…

Newslaundry

₹92 per Dollar Isn’t Just a Number: Why a Weak Currency Makes Life Costlier in India

A weak rupee does not stay in currency markets. It quietly shows up in household budgets. When the rupee moves toward levels like 90 or beyond against the dollar, India starts paying more for fuel, food, education, healthcare, travel, and essential imports. Life does not feel expensive overnight. It feels…

Times Life

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

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Sanjay Malhotra takes charge as RBI Governor for 3 years

Sanjay Malhotra, in his new role, will oversee the bank's several functions, including monetary policy and ensuring economic stability in the country. Read further on Dynamite News:

Dynamite News

RBI Governor admitted to hospital in Chennai

The Governor of the Reserve Bank of India (RBI), Shaktikanta Das has been admitted to a hospital in Chennai. Reports, citing a source say he has been admitted due to acidity.

The Times of India

Monetary policy committee meet: RBI moving closer to rate cut

India’s new monetary policy committee may lay the ground for an interest rate cut on Wednesday as a wave of global easing kicks off and growth in the world’s fastest-expanding major economy moderates.

The Times of India

After more than four decades, Ratna Bhandar of Sri Jagannath Temple in Puri re-opens

The 'Ratna Bhandar' (treasure trove) of the Shri Jagannath Temple has finally been opened after more than four decades on Sunday. Read further on Dynamite News:

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RBI appoints Arnab Kumar Chowdhury as Executive Director

The Reserve Bank of India (RBI) on Monday announced that it has appointed Arnab Kumar Chowdhury as Executive Director (ED) with effect from June 3, 2024. Read further on Dynamite News:

Dynamite News

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

Forests a national asset and a major contributor to financial wealth, says Supreme Court

Supreme Court emphasizes forests as national asset, vital for financial wealth, carbon sink, and protection against climate change.

The Hindu

Fed Comments Impact Global Markets, India Hints At Rate Changes

Global markets in Asia react to the Fed's comments, while India's central bank provides guidance on interest rates, impacting investor sentiment and market...

Top News

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.

Dynamite News

RBI pegs India's 2024-25 real GDP growth at 7%

The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India's GDP growth for the next financial year 2024-25 (April-March) at 7 per cent. Read further on Dynamite News:

The Hindu

RBI’s MPC keeps repo rate unchanged at 6.5% to bring down inflation, support growth

The Reserve Bank of India's Monetary Policy Committee keeps policy repo rate unchanged at 6.50% for 2023-24.

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The Hindu

RBI cancels licence of Hiriyur Urban Co-op bank with immediate effect

The Reserve Bank of India cancelled the licence of The Hiriyur Urban Co-operative Bank Ltd in Karnataka

The Hindu

The rise of AI chatbots in India’s banking sector | Data

Rise of AI Chatbots in India’s Banking Sector: About 80% of banks have adopted chatbots capable of engaging in conversations with human users according to RBI.

The Hindu

Indian economy outperforming peers; projected to grow at 6.2% in 2024: United Nations

“India is projected to grow at 6.2% in 2024, supported by robust domestic demand and strong growth in the manufacturing and services sectors,” the United Nations has said. The UN World Economic Situation and Prospects (WESP) 2024 report, launched on January 4, said that gross domestic product in South Asia…

Dynamite News

97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal

The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned. Read further on Dynamite News:

The Hindu

Telangana continues to depend on financial accommodation instruments of RBI due to shortfall in revenue receipts

Telangana’s finances continued to witness a shortfall in revenue receipts forcing the government to depend heavily on financial accommodation instruments such as special drawing facility (SDF), ways and means advances (WMA) and overdraft provided by the Reserve Bank of India (RBI) to meet its immediate needs

The Hindu

RBI hikes UPI transaction limit for hospitals and educational institutions

The Reserve Bank of India raised the UPI payment limits for hospitals and educational institutions from ₹1 lakh to ₹5 lakh per transaction, said Governor Shaktikanta Das on December 8.

Dynamite News

RBI maintains status quo in policy rate for 5th time now

The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.

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