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The Latest Breaking News from the Reserve Bank of India

RBI clears resolution plan for debt-ridden Reliance Capital

The Reserve Bank of India (RBI) on November 29, 2021, superseded the board of Reliance Capital in view of payment defaults and serious governance issues.

The Hindu

Food flux: On food costs and the October tidings

The Monetary Policy Committee of the Reserve Bank of India, which meets early December for its next review, will not be too swayed by the October tidings

The Hindu

RBI wins businessline Changemaker of the Year award; Amul is crowned Iconic Changemaker

In a glittering ceremony that featured humour-packed moments, a virtuoso violin recital, and a scintillating hula hoop dance performance, Power Minister R.K. Singh presented businessline’s Changemaker of the Year award to the Reserve Bank of India for steering the country through the turbulent period of the pandemic. The ‘utterly butterly’…

The Hindu

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Traders puzzled Why RBI spends billions fighting stronger dollar

MUMBAI: For the most part of this year, betting against the rupee has been a fool’s errand. Traders are now contemplating one key question: why is the Reserve Bank of India steadfastly defending the currency?

The Times of India

RBI strikes hawkish tone with surprise bond plan

MUMBAI: The Reserve Bank of India struck a hawkish policy tone on Friday, saying inflation remains uncomfortably high and it may take measures to absorb excess cash in the market to keep price pressures under control.

The Times of India

RBI doubles gold loan limits for urban cooperative banks to Rs 4 lakh

MUMBAI: The Reserve Bank of India on Friday announced doubling the lending limits for gold loans under the bullet repayment scheme for urban cooperative banks to Rs 4 lakh.

The Times of India

RBI to banks: Return property papers within 30 days of loan repayment, or pay Rs 5000 fine

MUMBAI: The Reserve Bank of India (RBI) has issued guidelines to banks regarding the release of documents related to movable and immovable property upon full repayment of loans by customers. These guidelines have been introduced to address discrepancies in the practices followed by banks, which have led to customer grievances…

The Times of India

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Telangana inching closer to borrowings limit fixed by Union Finance Ministry

The State will participate in the auction to be conducted by the Reserve Bank of India on September 12 through e-Kuber platform.

The Hindu

RBI keeps repo rate unchanged in third straight policy meet

The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. Read further on Dynamite News:

Dynamite News

RBI monetary policy: SBI Research expects another pause in interest rates

SBI Research expects the Reserve Bank of India to again put a pause on the key policy rates as the central bank’s third monetary policy committee meeting is currently underway. The outcome of the review meeting will be announced on Thursday morning. Read further on Dynamite news.

Dynamite News

A.P. on top in borrowings from RBI, says TDP leader Pattabhi

Andhra Pradesh has outstripped the rest of the country in raising loans from the Reserve Bank of India within the first four months of the 2023-24 FY and has participated in 14 out of 17 auctions of government securities conducted by the Central bank since the beginning of the financial…

The Hindu

Two arrested for fake RBI job offer letters

The Commissioner’s Task Force (West) on Sunday arrested two persons who reportedly collected huge amounts from candidates in the name of offering jobs at the regional office of the Reserve Bank of India (RBI) here.

The Hindu

SC dismisses plea against ₹2,000 currency exchange policy

The Supreme Court on Monday dismissed a petition challenging the notifications issued by the Reserve Bank of India (RBI) and the State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

The Hindu

Apple In Talks To Launch Its Credit Card In India With HDFC Bank

Apple CEO Tim Cook met with HDFC Bank Chief during his April visit to India to discuss plans for the launch.

Zenger

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The Hindu

Supreme Court denies immediate intervention in plea challenging ₹2,000 notes' exchange

The Supreme Court on June 9 refused to entertain immediately a plea by advocate Ashwini Upadhyay challenging the notifications issued by the Reserve Bank of India (RBI) and State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

The Hindu

IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism

Ashwini Vaishnaw hit out against Raghuram Rajan amid Mr. Rajan’s criticism of PLI scheme for semiconductor manufacturing

The Hindu

The short history of a large note

India’s monetary system has taken a serious credibility hit due to frequent changes and U-turns in currency management

The Hindu

Bank rate raised by 1 PC to curb inflation

Fifty years ago, the Reserve Bank of India announced an unprecedented increase in the bank rate from six to seven per cent in a massive effort to curb inflation

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The Hindu

Delhi HC reserves order on plea against withdrawal of ₹2,000 currency banknotes

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers

The Hindu

Fuel dealers in Punjab says facing ‘difficult situation’ similar to 2016 due to withdrawal of ₹2000

After the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 banknotes from circulation in pursuance of its ‘Clean Note Policy’, the fuel dealers in Punjab on Thursday said they were facing a “difficult situation” similar to the year 2016, when demonetisation was implemented.

The Hindu

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

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:

Newslaundry

‘Like a filmstar who fades away’: Newspapers bid farewell to the Rs 2,000 note – and criticise the RBI

Less than seven years after they came into our lives, it’s time to bid farewell to India’s purple Rs 2,000 notes. That’s what the Reserve Bank of India announced last week.

The Hindu

Andhra Pradesh: YSRCP government steeped in corruption, alleges BJP State president Somu Veerraju

Withdrawal of the ₹2,000 denomination banknotes by the Reserve Bank of India is a bold step taken by Prime Minister Narendra Modi to unearth black money, says Somu Veerraju

Dynamite News

Rajasthan: Over Rs 2.31 crore cash, gold found at Information Tech Dept in Yojna Bhawan in Jaipur

The seizure was made on Friday when the Reserve Bank of India announced the withdrawal of Rs 2,000 notes from circulation. Read further on Dynamite News:

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