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"reserve-bank-of-india"

  • Editorial: Much ado about India’s GDP rankings

    Rankings will eventually take care of themselves if incomes rise, opportunities expand, and inequality narrows; otherwise, even a higher place on the global table will mean nothing
  • RBI to conduct Rs 2 lakh crore VRRR auction on April 17

    The Reserve Bank of India has announced a Rs 2 lakh crore seven-day VRRR auction on April 17 to manage surplus liquidity in the banking system. The move comes ahead of GST-related outflows that typically tighten liquidity. Governor Shaktikanta Das reiterated the RBI’s proactive stance on liquidity management.
  • No governance lapses found in HDFC Bank, says RBI

    Governor Sanjay Malhotra says board minutes reviewed; no concerns on ethics and governance
  • Rs 2,000 banknotes withdrawal nears completion, says RBI

    The Reserve Bank of India announced that 98.45 per cent of Rs 2,000 banknotes withdrawn from circulation since May 2023 have been returned. Exchange facilities remain open at RBI offices and via India Post, while the notes continue to be recognised as legal tender.
  • No shortage of Rs 10, Rs 20, and Rs 50 bank notes in circulation: Govt

    The government has assured Parliament that there is no shortage of lower-denomination currency notes in circulation, with the RBI supplying hundreds of crores of Rs 10, Rs 20, and Rs 50 notes this financial year.
  • Bombay HC: Not every breach of RBI fraud rules warrants court review in Anil Ambani case

    The Bombay High Court has lifted the stay on three public sector banks, allowing them to classify Anil Ambani’s and Reliance Communications’ accounts as fraud. The division bench ruled that RBI’s Master Directions are meant to safeguard public money and cannot be diluted through judicial intervention.
  • Hriday scores winner as Susai FC beat RBI in TFA C-Division

    Susai FC defeated Reserve Bank of India 1-0 in the TFA C-Division Football League Championship at Gymkhana Ground, Hyderabad. Hriday scored the match-winner in the 79th minute. Reeds FC face CCOB Junior FC next at the same venue
  • Govt gets financial bids for IDBI Bank strategic sale: DIPAM Secretary

    The privatisation of IDBI Bank has been stalled for over three years, after the government and LIC invited expressions of interest in October 2022 to sell a combined 60.72 per cent stake
  • No decision yet on shifting Nizam’s jewels to Hyderabad: Centre

    The government informed the Rajya Sabha that the famed collection of Nizam’s jewels, comprising 173 pieces, continues to be safeguarded under a high-security custodial arrangement with the Reserve Bank of India. The jewels, stored in RBI vaults since 1995, remain a matter of public sentiment in Hyderabad.
  • Reserve Bank of India flags Telangana’s fiscal stress

    The RBI has warned that Telangana’s rising debt and fiscal deficit could make the State’s finances vulnerable. Reliance on market borrowings, weak sinking fund reserves, and slower revenue growth have raised concerns about long-term sustainability and repayment capacity.
  • Bank employees in Mancherial protest for five-day work week

    Bank employees and officials in Mancherial held a rally demanding the implementation of a five-day work week, a long-pending request agreed upon by the union government in March 2024. Employees cited stress due to digitalisation, workload, target pressure, and staff shortage
  • Editorial: New ideas to fight digital arrest

    Ministry of Home Affairs' 'kill switch' and RBI's insurance proposals to combat digital arrest scams and protect customers deserve serious consideration
  • Opinion: What lies ahead for Indian banks?

    India’s banking system enters 2026 stronger than ever—lower NPAs, higher capital buffers, and RBI-backed liquidity. But tougher norms will test resilience
  • Indian economy to record high growth despite global volatility: RBI Governor Sanjay Malhotra

    Maintaining financial stability and strengthening financial system remain RBI north star, says Malhotra in his foreword in the latest edition of RBI Financial Stability Report
  • YS Jagan cites RBI data to claim Andhra Pradesh’s industrial growth under YSRCP rule

    Former Andhra Pradesh CM YS Jagan Mohan Reddy has dismissed allegations by TDP and JSP that Brand AP was destroyed under YSRCP rule, citing RBI statistics that place Andhra Pradesh at the top in South India for manufacturing and industry growth between 2019-24. He argued that the data proves the state’s economy was booming.
  • Hyderabad police warns against cyber fraud using RBI’s UDGAM portal

    Hyderabad Police Commissioner V.C. Sajjanar has cautioned citizens against a new cyber scam in which fraudsters misuse the RBI’s UDGAM portal name to lure victims with fake claims of unclaimed bank deposits.
  • RBI warns public against fake links on unclaimed deposits

    The RBI and Hyderabad Cybercrime Police have issued alerts warning citizens about fake messages claiming to help recover unclaimed deposits. Officials stressed that only the UDGAM portal should be used and urged the public not to click suspicious links or share personal details.
  • UPI sets new record in October with Rs 27.28 lakh crore transactions

    Driven by festive spending, UPI transactions hit an all-time high of Rs 27.28 lakh crore in October, up 16 per cent year-on-year, according to NPCI. With 20.7 billion transactions, UPI continues to dominate India’s digital payments landscape and expand globally
  • 98.37 per cent of Rs 2,000 notes returned to banks, says RBI

    According to RBI data, Rs 2,000 denomination banknotes worth Rs 5,817 crore remain in circulation. Since their withdrawal announcement in May 2023, 98.37 per cent of the notes have been returned. The Rs 2,000 notes continue to be legal tender, the RBI clarified.
  • ED conducts searches on FFMCs, books several outlets for violations

    The Enforcement Directorate has booked several Full Fledged Money Changers in Hyderabad for operating without valid RBI licences. Despite surrendering their licences earlier this year, some firms continued illegal forex operations using forged documents.
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