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The Latest Breaking News from RBI

Food prices may affect August inflation

Retail inflation was 7.28% in first quarter, while RBI expects it to touch 7.1%

The Hindu

Staying the course: On monitoring inflation

Inflation may have moderated a bit, but remains a threat that warrants constant vigil

The Hindu

Nirmala Sitharaman initiates crackdown on illegal loan apps

The Union Finance Minister asks RBI to prepare a 'Whitelist' of legal loan apps

The Hindu

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Slow improvement: On first quarter GDP growth

Fiscal authorities should spur consumption and investment to aid faster recovery

The Hindu

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister

The Hindu

Intel agencies seek law on crypto deals

Exchanges must be mandated to report suspicious transactions, officials tell Home Minister

The Hindu

Banking goes 100% digital in Palakkad

MP calls upon banks to be empathetic to common people

The Hindu

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RBI imposes restrictions on Thodupuzha Urban Co-operative Bank, Kerala

The restrictions will remain in force for six months from the close of business on August 23, 2022.

The Hindu

Malappuram DCB-Kerala bank merger: RBI nod expected

THIRUVANANTHAPURAM

The Hindu

UPI costs must be met through other means: Centre

Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS

The Hindu

Freebies come at a price: economist

RBI’s Monetary Policy Committee member Ashima Goyal says voters should be told about financing and trade-offs involved

The Hindu

Government must release White Paper on privatisation of public banks: Congress

It has forced RBI to become the “Reverse Bank of India”, Congress says

The Hindu

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.

The Hindu

Banks to face consequence for unacceptable practices of loan recovery agents

RBI clamps down on ‘intimidation’

The Hindu

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The Hindu

The buyer may wait a little longer

RBI decision to increase repo rate will have its impact.

Dynamite News

Centre re-nominates 4 independent directors on central board of RBI

Further, Iyer and Chaturvedi have been re-appointed as a Member of the Northern Local Board and on the Eastern Local Board of the Reserve Bank of India for a further period of four years after completion of their present tenure on September 18, 2022, or until further orders. Read more…

The Hindu

KIIFB case: Either state the nature of offence or recall summons, Thomas Isaac tells ED

ED is the political tool of the BJP, alleges the former finance minister

The Hindu

Focused on inflation: On the RBI’s rate hike

A rate increase was needed to prevent inflation expectations from stymieing growth

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The Hindu

Senior citizen loses ₹2.20 lakh online after call from man posing as RBI staffer

Neelam Singh (62) got a call on his mobile phone on July 21.

The Hindu

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

The Hindu

Explained | Kerala’s mounting public debt

Kerala’s public debt has almost doubled in the last seven years, reaching ₹3,32,291 crore in March 2022

The Hindu

AP government borrows more than ₹29,000 crore through SPVs, Public sector companies

Minister Pankaj Chaudhary said that the Andhra Pradesh government has declared borrowings of ₹22,549.50 crore during 2020-21, ₹6,287.74 crore during 2021-22 and ₹500 crore during 2022-23

The Hindu

Andhra Pradesh: Vijaya Sai Reddy flags rising inflation in Parliament

A.P. has lost ₹11.26 crore due to Centre’s regressive tax regime, he says

The Hindu

Parliament proceedings | Taking action against dubious digital loan apps, says Finance Minister Sitharaman

The Minister was asked about reports of dubious digital loan apps backed by Chinese entities which do not follow RBI guidelines in giving loans

The Hindu

Parliament proceedings | Rupee not collapsing, finding its natural course, says Nirmala Sitharaman

RBI is continuously monitoring the local currency and intervening only if there is volatility.

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