The Latest Breaking News from RBI

If banks have to recover outstanding loan amount, the same has to be recovered in accordance with the procedure established by law. Coercive method of recovery by private agents, if appointed by banks, is not permissible. The banks certainly cannot use muscle power to recover the loan amount, the Madras…

RBI Governor Raghuram Rajan was met with a furious response from Minister Union Minister Rajeev Chandrasekhar when the former scrutinised the Union Government’s Production-Linked Incentive (PLI) scheme for mobile phone manufacturing on LinkedIn.

In 2022, India accounted for 46% of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.

Achieving durable disinflation must remain a non-negotiable goal, especially amid widening income inequality and high unemployment

The Supreme Court on June 9 refused to entertain immediately a plea by advocate Ashwini Upadhyay challenging the notifications issued by the Reserve Bank of India (RBI) and State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

As on 31 March 2023, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation. Read further on Dynamite News:

Repo rate refers to the interest rate at which the RBI lends to commercial banks. Read further on Dynamite News:

The Reserve Bank on June 8 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50% and retained the GDP growth projection for current fiscal year at 6.5%, on the back of supportive domestic demand conditions.

The Supreme Court on June 7 sought a report from its registry on the issue of urgent listing of a plea challenging the notifications enabling the exchange of ₹2,000 currency notes without any requisition slip and ID proof.