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REVEALED: 38 | Rare Historical Photos

RBI unveils measures to curb rupee slump, boost forex inflows

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday unveiled fresh measures to stabilise the rupee, which touched multiple record lows against the US dollar.

The Times of India

RBI imposes penalty on Kotak Mahindra Bank, IndusInd Bank

MUMBAI: The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance.

The Times of India

State to raise ₹9,000 crore through OMBs during Q2

Gets Centre’s nod to raise ₹3,000 crore on July 5

The Hindu

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RBI's deposit insurance arm to pay depositors of two co-operative banks in August

MUMBAI: The deposit insurance and credit guarantee corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai next month.

The Times of India

Chennai: Liberalism, tolerance key part of education, says former RBI governor Raghuram Rajan

CHENNAI: Liberalism, tolerance and respect for opinions and beliefs of others are the important lessons of education, said economist and former RBI governor Raghuram Rajan on Saturday

The Times of India

Kolkata one of most affordable cities, shows EMI-income ratio

KOLKATA: Home buyers in Kolkata need to spend 27% of the family income on home loan, making it one of the most affordable cities in the country. Only Ahmedabad, Chennai and Pune are more affordable. While home buyers spend 22% of the income on EMIs in Ahmedabad, it is a…

The Times of India

India moves to leadership position in large-value digital payment system, RBI report

MUMBAI: India has made significant progress and moved to a leadership position in large-value digital payment systems, though it is still weak in certain parameters relating to ATMs and card payments, a RBI report said on Friday.

The Times of India

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Allahabad HC issues notice to Anil Ambani, kin in fraud case

MEERUT: Taking cognisance of a petition filed by a freelance journalist, Pawan Kumar pertaining to an alleged scam running into thousands of crores of rupees by industrialist Anil Ambani, the Allahabad HC has ordered that a notice be issued to 27 of the 31 respondents, including RBI, Sebi, director of…

The Times of India

India's external debt rose to $620.7 billion last fiscal: RBI data

MUMBAI: India's external debt increased by $47.1 billion to $620.7 billion in the financial year ended March 2022, the Reserve Bank said on Thursday.

The Times of India

Private sector lenders ahead in utilising ECLGS: RBI

MUMBAI: Private sector banks have show greater appetite than their public sector peers in utilising the Emergency Credit Line Guarantee Scheme (ECLGS), an RBI report said on Thursday.

The Times of India

Bad loans of banks expected to decline further to 5.3% by March 2023: RBI report

MUMBAI: The Reserve Bank on Thursday said the bad loans of banks are expected to further decline to 5.3 per cent of total advances by March 2023 from a six-year low on the back of growth in credit and declining trend in the stock of NPAs.

The Times of India

Cryptocurrencies are clear danger, says RBI governor Shaktikanta Das

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das termed cryptocurrencies to be a clear danger and said that it has the potential to disrupt financial stability.

The Times of India

Rate tweaks to make up for inefficiencies in value chain; states conscious of inflation impact: Finance minister

CHANDIGARH: Finance minister Nirmala Sitharaman on Wednesday said any increase in GST rates under the rate rationalisation exercise is intended to make up for the 'inefficiencies' in the value chain.

The Times of India

Bengaluru: Farmers protest, demand change in loan policy

BENGALURU: A few hundred farmers from across the state attempted a protest in front of the Reserve Bank of India (RBI) in Bengaluru on Tuesday, demanding a change in loan policy and removal of a CIBIL score requirement to secure agricultural loans.

The Times of India

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The Hindu

Andhra Pradesh: political interference increasing in the functioning of cooperative banks, alleges VCB Chairman

‘In the name of reforms, Centre is amending Banking Regulation Act and imposing several restrictions’

The Hindu

‘Small savings rates likely to be raised’

Economists cite rising G-sec yields to which savings rates are tied

The Hindu

Tamil Nadu ended fiscal 2022 with a net borrowing of ₹72,500 crore

It had taken ₹76,796 crore in 2021

The Hindu

Farmers want farm loan delinked from CIBIL score

To protest in front of RBI Bengaluru office on June 28

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The Times of India

RBI exploring options to ensure customer safety dealing with PPIs issued by non-bank entities

NEW DELHI: The Reserve Bank is considering various options to ensure that customers are not put at risk on account of activities of non-bank fintech players with regard to prepaid payment instruments (PPIs), sources said.

The Hindu

Telangana to raise ₹3,000 crore OMB through RBI

Officials said the borrowing has Centre’s approval

Dynamite News

Business: RBI drafts plan on outsourcing of IT services by banks, NBFCs

The draft has been released for comments of stakeholders and members of the public. The last date for comments and feedback is July 22, 2022. Full story on Dynamite News:

The Hindu

Morning Digest | Shinde-led rebel Sena group sends letter to Deputy Speaker with the signatures of 42 MLAs; India reopens Embassy in Kabul, and more

A select list of stories to read before you start your day

The Hindu

RBI cancels licence of Millath Coop. Bank

Bank prohibited from conducting business

The Hindu

India reports CAD of 1.2% of GDP in FY22 on widening trade deficit: RBI

For the January-March 2022 quarter, the CAD narrowed on a sequential basis to $13.4 billion against $22.2 billion or 2.6% of GDP in the December 2021 quarter

The Times of India

RBI governor flags continued high inflation as 'a major concern': MPC minutes

MUMBAI: RBI governor Shaktikanta Das has cautioned that continued high inflation is a major concern for the economy, even as economic activities are gaining traction while voting for a 50 basis points hike in key interest rate to check price rise earlier this month, as per minutes of the meeting…

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