The Latest Breaking News from RBI

The onus is squarely on the government to help temper inflation, or risk suffering an erosion in broader consumption and economic growth

Tamil Nadu's SOTR share of total tax revenue stable at over 70%, SGST emerged as most important source post-GST.

The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.

Most loans to coal-fired plants were given by public sector banks of corporations

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on November 26, 2023

India's Q2 GDP grew 7.6%, higher than expected, driven by govt spends & manufacturing. GVA growth eased to 7.4%, but farm sector skidded to 1.2%. Construction & manufacturing led with 10.5% & 9.3% growth respectively. PFCE growth halved to 3.1%. RBI & govt expect 6.5% growth this year.

Ernakulam District Consumer Disputes Redressal Commission orders nationalised bank to refund ₹39,507 to credit card holder and pay ₹35,000 compensation for unauthorised withdrawal. Commission cites Kerala High Court ruling that bank cannot deny liability despite RBI's limited liability circular. Bank should not have approved transaction exceeding established limit, highlighting flaw…

Banks in Mysuru district were instructed to desist from loan recovery from farmers given the prevailing drought in the region.

The RBI recently issued regulatory measures to banks and NBFCs to increase risk weights associated with consumer credit and bank credit by an additional 25 percentage points. We examine the rationale behind the move and its potential impact.