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The Latest Breaking News from RBI

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

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Banking goes 100% digital in Palakkad

MP calls upon banks to be empathetic to common people

The Hindu

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

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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

The buyer may wait a little longer

RBI decision to increase repo rate will have its impact.

The Hindu

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…

Dynamite News

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

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The Hindu

Focused on inflation: On the RBI’s rate hike

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

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

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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.

The Hindu

State guarantees to corporations, PSEs totals ₹1.67 lakh crore

MoS Bhagwat Karad responds to Uttam Kumar Reddy’s query in Lok Sabha

Bangkok Post

Asia posts biggest 6-month drop in FX reserves since 2015-16

SINGAPORE: Foreign exchange reserves in Asia have recorded their biggest six-month decline in years, a testament to policymakers' determination to defend currencies facing persistent downward pressure from a strong US dollar.

The Hindu

State has not utilised short-term funding facilities from RBI

This is an indication that the State has adequate liquidity, say experts

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