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The Latest Breaking News from the Reserve Bank of India

Supreme Court denies immediate intervention in plea challenging ₹2,000 notes' exchange

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.

The Hindu

IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism

Ashwini Vaishnaw hit out against Raghuram Rajan amid Mr. Rajan’s criticism of PLI scheme for semiconductor manufacturing

The Hindu

The short history of a large note

India’s monetary system has taken a serious credibility hit due to frequent changes and U-turns in currency management

The Hindu

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Bank rate raised by 1 PC to curb inflation

Fifty years ago, the Reserve Bank of India announced an unprecedented increase in the bank rate from six to seven per cent in a massive effort to curb inflation

The Hindu

Delhi HC reserves order on plea against withdrawal of ₹2,000 currency banknotes

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers

The Hindu

Fuel dealers in Punjab says facing ‘difficult situation’ similar to 2016 due to withdrawal of ₹2000

After the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 banknotes from circulation in pursuance of its ‘Clean Note Policy’, the fuel dealers in Punjab on Thursday said they were facing a “difficult situation” similar to the year 2016, when demonetisation was implemented.

The Hindu

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

The Hindu

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Rs 2000-Note Withdrawal: "Do not rush to banks," as it will continue to be legal tender, says RBI governor

The Reserve Bank of India on Friday withdrew the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

Dynamite News

‘Like a filmstar who fades away’: Newspapers bid farewell to the Rs 2,000 note – and criticise the RBI

Less than seven years after they came into our lives, it’s time to bid farewell to India’s purple Rs 2,000 notes. That’s what the Reserve Bank of India announced last week.

Newslaundry

Andhra Pradesh: YSRCP government steeped in corruption, alleges BJP State president Somu Veerraju

Withdrawal of the ₹2,000 denomination banknotes by the Reserve Bank of India is a bold step taken by Prime Minister Narendra Modi to unearth black money, says Somu Veerraju

The Hindu

Rajasthan: Over Rs 2.31 crore cash, gold found at Information Tech Dept in Yojna Bhawan in Jaipur

The seizure was made on Friday when the Reserve Bank of India announced the withdrawal of Rs 2,000 notes from circulation. Read further on Dynamite News:

Dynamite News

Is 'second demonetisation' cover-up of wrong decision made earlier, asks Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of ₹2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to cover up the wrong decision made earlier.

The Hindu

RBI withdraws Rs 2000 note from circulation, to remain legal tender; exchange facility available till Sept 30

The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

Dynamite News

Explained | What are RBI regulations on green deposits?

The Reserve Bank of India (RBI) has come up with a regulatory framework for banks to accept green deposits from customers.

The Hindu

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The Times of India

RBI clears SBI Funds to buy up to 9.99% stake in HDFC Bank

MUMBAI: India's HDFC Bank said on Wednesday that the Reserve Bank of India had allowed SBI Funds Management Ltd to acquire a stake of up to 9.99% in the private lender.

Dynamite News

Google restricts personal loan apps on Play Store from May 31

Google has revised its Play Store policies support page regarding Android financial service apps. Read further on Dynamite News:

Dynamite News

RBI decides to keep repo rate unchanged at 6.5 pc

The Reserve Bank of India has decided to keep the key benchmark interest rate - repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday, after a two-day monetary policy (MPC) meeting. Read further on Dynamite News:

The Times of India

RBI keeps repo rate unchanged at 6.5%

NEW DELHI: In a surprise move, the Reserve Bank of India's monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%, RBI governor Shaktikanta Das said.

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