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"reserve-bank-of-india"

  • HC asks Anil Ambani to lodge complaint with RBI against Union Bank of India order

    There cannot be such cut, copy and paste... There has to be some application of mind, says Bombay High Court slamming banks for passing orders declaring accounts as ‘defaulter’ or ‘fraud’
  • Punjab National Bank reduces interest rate on retail loans

    The revised rates apply to home loans, car loans, education and personal loans, among others
  • RBI’s restrictions on New India Co-operative Bank trigger panic 

    The bank has been barred from accepting new deposits or allowing withdrawals, leaving account holders in distress
  • Reserve Bank of India likely to slash interest rate by 25 bps

    The bank has kept the repo rate unchanged at 6.5 per cent since February 2023; the last time the RBI had reduced the rate was during Covid times and thereafter, it was gradually raised to 6.5 per cent
  • Paytm CEO quits

    Post the FDI nod, company awaits RBI approval for aggregator licence
  • Congress Govt pushes Telangana into debt spiral, plans record borrowing of Rs.30,000 crore

    This massive borrowing spree is likely to not only shatter the State's budgetary estimates but also push its debt burden perilously close to the liabilities Telangana inherited at its formation in 2014
  • Withdrawal of Rs 2000 notes a major success, claims RBI

    The RBI had announced the withdrawal of Rs 2000 notes on May 19, 2023 and the circulation of notes has drastically come down from Rs 3.56 lakh crore to Rs 6,691 crore as of December 31, 2024
  • Editorial: Profit with people

    Building institutions with compassionate leadership is also crucial to retaining and nurturing talent
  • Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar

    Forex traders say the rupee is likely to remain in a weakening mode due to significant dollar demand
  • Telangana government to mortgage Kokapet and Raidurg lands to raise 10,000 crore loan

    In order to raise funds to the tune of Rs. 10,000 crore, the Telangana government has sought an approval from the RBI to mortgage 400 acres of TGIIC lands in Kokapet and Raidurg
  • RBI gets bomb threat in ‘Russian’ language, second time in a month

    Apparently written in the Russian language, the email was sent to the official website of the Central Bank on Thursday afternoon, threatening to blow up the building with explosives
  • RBI report exposes Congress propaganda, says Harish Rao

    Citing RBI's latest report "Handbook of Statistics on Indian States 2023-24," Harish said the data exposed Congress’s lies and validated the transformative progress achieved during KCR's decade-long governance
  • Telangana’s outstanding debt is Rs 3.89 lakh crore: RBI report debunks false Congress claims

    In its latest report "Handbook of Statistics on Indian States", the Reserve Bank of India (RBI) has debunked the Congress government's claims of Telangana's Rs.7 lakh crore debt, lending credence to assertions by the BRS.
  • RBI slashes cash reserve ratio by 0.5 pc to spur growth, leaves repo rate unchanged

    The CRR has been reduced from 4.5 per cent to 4 per cent. This is the first time since March 2020 that the CRR has been cut
  • Hyderabad’s Osmania Medical College doctors win RBI90 quiz zonal round, advance to national finals

    The victory in the zonal round has earned the OMC doctors a spot in the national round of the RBI90 Quiz, scheduled for December 6, 2024, in Mumbai. Teams from PES University, Karnataka, and Mar Ivanois College, Kerala, secured second and third places, respectively, in the zonal competition. The top three teams received prizes of Rs 5 lakh, Rs 4 lakh, and Rs 3 lakh.
  • RBI Governor Shaktikanta Das hospitalised in Chennai; Officials say ‘no cause for concern’

    "Reserve Bank of India Governor Shaktikanta Das experienced acidity and was admitted in Apollo Hospital, Chennai for observation,” said an RBI spokesperson
  • Internationalisation of UPI progressing rapidly: RBI

    The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year)
  • Editorial: Soaring inflation

    With inflation not expected to return to 4% medium-term target until at least 2026, there are fears that rate cut could be delayed further
  • Cyber crime officials investigate bank staff’s role in rise of frauds

    With significant increase in cases of cyber fraudsters using ‘mule bank accounts’, to dupe people, the cyber crime officials are now verifying the complicity of bank officials in important cyber fraud crimes.
  • India’s forex reserves top $700 billion, gold share surges 209% since 2018

    India's gold reserves reached $65.76 billion as of October 4, up from $21.15 billion on December 7, 2018, according to RBI data. Since Shaktikanta Das took office as RBI Governor in December 2018, foreign exchange reserves have also surged by 78%, rising to $701.18 billion as of October 4, compared to $393.74 billion in December 2018.
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