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The Latest Breaking News from RBI

Mumbai's EOW summons ex-bank general manager Hitesh Mehta over Rs 122 crore fraud

The Economic Offences Wing (EOW) has summoned Hitesh Pravinchand Mehta, the former General Manager of New India Co-operative Bank Limited, in connection with a Rs122 crore financial fraud case, Mumbai police confirmed in their statement. Read further on Dynamite News:

Dynamite News

RBI bars this bank from offering loans, deposits; Customers queue outside bank

The RBI has barred this Co-operative Bank from granting or renewing loans and accepting fresh deposits for 6 months. Read further on Dynamite News:

Dynamite News

Burger King Owner Restaurant Brands Reports Strong Sales And Income Growth

Burger King saw an 8% growth in system-wide sales, contributing to a 5.4% increase in year-over-year system-wide sales to $44.5 billion.

International Business Times

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Sitharaman in Lok Sabha: RBI’s gold purchases not meant to replace Dollar in global trade

Finance Minister Nirmala Sitharaman said, Gold is also kept in the Reserve Bank and gold is also being bought by the Reserve Bank. Read further details on Dynamite News

Dynamite News

Indian banks are getting a whole new domain to combat fraud

The Reserve Bank of India is mandating the use of new and exclusive domains for banks to prove their legitimacy.

TechRadar

India cuts key interest rate for first time since 2020 amid slowing growth

Reserve Bank of India announces first rate cut in nearly five years as world’s most populous nation faces slowdown.

Al Jazeera

RBI reduces repo rate for first time in five year

Just In: RBI's monetary policy committee decided unanimously to reduce the policy rate by 25 basis points, from 6.5% to 6.25%. Read further on Dynamite News:

Dynamite News

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Cash transfers, free bus rides: How parties are wooing Delhi’s women voters

From higher literacy rate to better nutritional levels to improved access to the internet, men in Delhi are far more privileged in several aspects than their female counterparts. But when it comes to elections, it is the women that feature more prominently in political parties’ poll campaigns.

Newslaundry

ED raids Tamil Nadu water resources minister's premises

The raids have been underway since morning at four locations in the Vellore district of Tamil Nadu, connected to Duraimurugan, as well as other accused individuals. Read further on Dynamite News:

Dynamite News

India’s new central bank governor takes over as economic growth slows and inflation rises

Sanjay Malhotra, a career civil servant, has become India’s new central bank governor as the country’s economic growth slows and inflation is rising

The Independent UK

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

Sanjay Malhotra appointed as new RBI Governor

Sanjay Malhotra will assume office on December 11, 2024 for a period of three years, according to a notification issued by the appointment committee of the cabinet: Read further on Dynamite News:

Dynamite News

RBI keeps Repo Rate unchanged at 6.5

The Repo Rate, at which the central bank lends money to banks, was remained unchanged for the 11th time in a row. 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

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Dynamite News

Retail inflation rises to 5.49% in September

In previous two months, retail inflation stood at 3.65% in August 2024 and 3.54% in July 2024. The-CPI based inflation was 5.02 per cent in September. Read further on Dynamite News:

Dynamite News

RBI keeps repo rate unchanged at 6.5 pc, changes stance to neutral to align inflation with growth

The central bank's focus remains on achieving a stable inflation rate, aligned with its long-term target, while fostering sustainable economic expansion. Read further on Dynamite News:

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.

Newslaundry

Inflation framework without food, China conundrum: 10 takeaways from the economic survey

From a cautious growth projection, to the need for stability amid global headwinds and geopolitical risk, to an onus on the private sector to boost employment, the Economic Survey 2024 presented in Parliament on Monday by Union finance minister Nirmala Sitharaman had several key points.

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Kiplinger

The Evolution of Citizenship by Investment Programs

The evolution of CBI programs has reflected changing global trends and the diverse needs of individuals seeking secondary citizenship.

Dynamite News

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

Repo rate unchanged at 6.5 per cent: RBI Governor Shaktikanta Das unveils monetary policy

Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent. Read further on Dynamite News:

The Times of India

'India on cusp of long-awaited economic take-off': RBI bulletin

India is poised for a long-awaited economic take-off, driven by rising aggregate demand and increased non-food spending in the rural economy, according to the Reserve Bank of India's May Bulletin released on Tuesday.

The Hindu

Ensure gold loans are repaid and not renewed, banks tell branches

Get insights on gold loans, interest rates, repayment options, and RBI regulations for borrowers and banks.

Space

India's ambitious 2nd Mars mission to include a rover, helicopter, sky crane and a supersonic parachute

India's second mission to Mars will include a rover, helicopter, sky crane and a supersonic parachute, according to media reports.

Dynamite News

SC issues notice on guidelines for Digital KYC process for acid attack survivors

The SC on Friday issued notice to the Centre and others on a plea seeking direction to authorities to frame appropriate guidelines providing for alternative methods to conduct the Digital KYC process for acid attack survivors suffering with permanent eye-disfigurement or eye-burns. SC said it is an important issue. Read…

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