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The Latest Breaking News from RBI

ED finds no FEMA violation in Paytm Payments Bank case

The Enforcement Directorate has not found any violation under the Foreign Exchange Management Act during the inquiry of Paytm Payments Bank Limited transactions

The Hindu

Highway toll collector IHMCL removes Paytm Payments Bank from list of banks authorised to issue FASTag

IHMCL advised highway users to buy FASTags from authorized banks (excluding Paytm Payments Bank) for hassle-free travel on Indian highways.

The Hindu

Ban on India’s electoral bonds: How will it affect 2024 election?

While transparency advocates and opposition leaders say ban is a big win for democracy, Modi’s BJP remains confident.

Al Jazeera

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India Central Bank Urges Visa, Mastercard to halt B2B Fintech Payments

The Reserve Bank of India has requested Visa and Mastercard to cease business-to-business payments through fintech platforms, according to sources.

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"No review of decision on Paytm Payments Bank" says RBI Chief Shaktikanta Das

RBI Governor Shaktikanta Das on Monday reiterated that all decisions taken by the Central bank are carefully considered. Read further on Dynamite News:

Dynamite News

India's retail inflation hits 3-month low at 5.10% in January

India's retail inflation rate has reached a three-month low at 5.10% in January. This dip in inflation is a positive sign for the Indian economy.

Top News

RBI pegs India's 2024-25 real GDP growth at 7%

The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India's GDP growth for the next financial year 2024-25 (April-March) at 7 per cent. Read further on Dynamite News:

Dynamite News

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RBI’s MPC keeps repo rate unchanged at 6.5% to bring down inflation, support growth

The Reserve Bank of India's Monetary Policy Committee keeps policy repo rate unchanged at 6.50% for 2023-24.

The Hindu

Hyderabad merchants gear up for a smooth ride amid Paytm fiasco

RBI's action against PayTM creates uncertainty for small businesses, but traders remain equipped with alternative payment platforms.

The Hindu

Paytm CEO's Meeting with RBI & FM Boosts Share Value

The shares of Paytm, India's leading digital payments platform, soar after reports of its CEO meeting with the RBI and finance minister. Find out more.

Top News

Kerala one of most financially unhealthy states, Attorney General tells Supreme Court

Responding to Kerala's government suit, the Centre in its affidavit, apprised the apex court that Kerala has been one of the most financially unhealthy states. Read further on Dynamite News:

Dynamite News

Stocks marginally up Wednesday, investors now await RBI monetary policy

Indian stock indices were marginally higher at Wednesday's opening bell, tracking positive cues from overnight US markets and the latest return of foreign portfolio investors. Read further on Dynamite News:

Dynamite News

Mint Street musings: On the interim Budget and the RBI

The interim Budget for 2024-25 could give the central bank some more room to ease liquidity constraints in the economy

The Hindu

NABARD pegs A.P. credit potential for priority sectors at ₹3.55 lakh crore

NABARD projects ₹3.55 lakh crore credit potential for Andhra Pradesh's priority sectors, with a focus on agriculture and rural development.

The Hindu

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The Hindu

Hearing of cases filed against LVB-DBS Bank merger near completion before Madras High Court

The marathon final hearing on the merger of Lakshmi Vilas Bank with DBS Bank India is nearing completion before the Madras High Court.

The Hindu

Exposing India’s financial markets to the vultures

The internationalisation of bond markets and currencies of emerging economies is often presented as an ideal recipe but the risks involved are seriously underestimated

The Hindu

Ex-RBI Governor Raghuram Rajan meets former Maharashtra CM Uddhav Thackeray in Mumbai

Former RBI Governor Raghuram Rajan meets Shiv Sena chief Uddhav Thackeray, who had backed Mr. Rajan’s criticism of the Central government.

Dynamite News

RBI imposes Rs 75,000 penalty on Jila Sahakari Kendriya Bank Maryadit in MP's Shahdol for violating rules

The RBI in an official statement issued on Monday said that the action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Read further on Dynamite News:

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Top News

RBI Chief: India's Inflation Nearing 4% Target

The Reserve Bank of India (RBI) Governor has stated that inflation in India is gradually moving towards the central bank's target of 4%.

The Hindu

FASTags with incomplete KYC to be deactivated post January 31

NHAI announces that FASTags with incomplete KYC will be deactivated by banks after January 31, 2024.

The Hindu

RBI cancels licence of Hiriyur Urban Co-op bank with immediate effect

The Reserve Bank of India cancelled the licence of The Hiriyur Urban Co-operative Bank Ltd in Karnataka

The Hindu

Naidu making false claims on State’s debt, says Buggana

Finance Minister Buggana Rajendranath Reddy refutes TDP's allegations of state finances in disarray and debts of ₹13 lakh crore.

The Hindu

Telangana yet to get Centre’s permission to raise market borrowings for Q4

The Telangana government has apparently landed in a piquant situation in raising resources through open market borrowings for the January-March quarter of the current financial year

The Hindu

India is not attracting enough manufacturing through China Plus One strategy, says Raghuram Rajan

Former RBI Governor Raghuram Rajan discusses India's lack of manufacturing & policy clarity to attract investors.

The Hindu

The rise of AI chatbots in India’s banking sector | Data

Rise of AI Chatbots in India’s Banking Sector: About 80% of banks have adopted chatbots capable of engaging in conversations with human users according to RBI.

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