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The Latest Breaking News from RBI

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

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

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

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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

The Hindu

Telangana to raise ₹3,000 crore OMB through RBI

Officials said the borrowing has Centre’s approval

The Hindu

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:

Dynamite News

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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 Hindu

RBI's 'Payments Vision 2025' aims to establish India as powerhouse of payments globally, say experts

The core theme of the ‘Payments Vision 2025’ is ‘E-Payments for Everyone, Everywhere, Everytime’

The Hindu

RBI asks States to reprioritise expenditure on subsidies to achieve long-term advantages

Advises to put in place sunset clause for each social sector scheme

The Hindu

RBI not behind the curve; tolerance of high inflation was a necessity: Das

In March, the RBI felt that economic activity was above the pre-pandemic levels and decided to shift focus to curbing inflation, the central bank Governor said

The Hindu

Morning Digest | U.S. says it ‘condemns remarks on Prophet made by BJP officials’; amid violent protests, upper age limit for Agnipath scheme hiring raised to 23 for 2022, and more

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

The Hindu

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The Hindu

State’s efforts to convince RBI on borrowings go in vain

Apex bank insists on viability and bankability of projects yet again

The Hindu

Cold comfort: On inflation and government intervention

Despite the easing of retail inflation, there is no room for complacency

The Hindu

Auto, home, personal loans become expensive with banks raising rates

A number of national banks have raised lending rates for their customers after RBI raised the benchmark repo rate by 50 basis points

The Hindu

‘Real estate may see huge investments’

Market experts have reacted to the RBI repo rate revision.

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news in one place.

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The Hindu

Letters to the Editor — June 10, 2022

Taming inflation

The Hindu

RBI will soon regulate digital lending platforms, to clamp down on many ‘unauthorised and illegal’ apps: RBI Governor

RBI Governor suggests that customers borrowing from unregistered digital lending apps should approach the local police in case of any issue

The Hindu

Morning Digest | Indian economy well placed to deal with challenges, says RBI Governor; Iran says it’s ‘Satisfied’ with action against BJP spokespersons, and more

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

The Hindu

Inflation’s long shadow: On RBI’s actions

The Reserve Bank of India is finally acting to rein in galloping prices

The Hindu

EMIs to rise as RBI hikes repo rate, signals more increase

The Reserve Bank of India (RBI) has increased the repurchase rate (repo) by 50 basis points, the biggest in more than a decade.

The Hindu

RBI doubles individual housing loan cap for cooperative lenders

Taking into account the rising housing prices since the maximum permissible loan limits for cooperative lenders was reviewed a decade ago, the RBI has increased the limit up to ₹1.40 crore for urban cooperative banks.

Dynamite News

Business: RBI hikes repo rate by 50 bps to 4.90 per cent

Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect. Read further on Dynamite News:

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