The Latest Breaking News from RBI

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.

Personal loans dominate India's banking sector, with housing loans leading the way and low GNPA ratios.

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:

Tamil Nadu to borrow ₹37,000 crore in 2023-24 to bridge income-expenditure gap, SDLs form major part of total liabilities.

A threat mail sent to the Reserve Bank about 11 bomb blasts in Mumbai sent police into a tizzy, but no suspicious object was found at these locations

Cumulatively, the past 12 months have been stellar for investors who parked their money in Indian stocks. Read further on Dynamite News:

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

Telangana Chief Minister A. Revanth Reddy has stated that the State’s finances are in a bad position and one of the major indications is the receding surplus fund days in a year, as per RBI reports.

Austrian bank RBI is getting creative in its efforts to reduce its exposure to Russia, taking a 28% stake in construction firm Strabag.

Official refutes allegations on Andhra Pradesh’s debts. As per an RBI report, the total outstanding liability of the Government of Andhra Pradesh at the end of March 2023 was ₹4,28,715.70 crore, says Duvvuri Krishna, Special Secretary to the Chief Minister of Andhra Pradesh.

Petroleum & RBI win 27th & 1st titles respectively in National Table Tennis Championship.