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The Latest Breaking News from RBI

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:

Dynamite 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%.

Top News

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

From analysis to the latest developments in health,
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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

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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.

The Hindu

Private banks on a housing loan spree, 99% pay dues on time as of now | Data

Personal loans dominate India's banking sector, with housing loans leading the way and low GNPA ratios.

The Hindu

97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal

The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned. Read further on Dynamite News:

Dynamite News

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

Tamil Nadu to borrow ₹37,000 crore in 2023-24 to bridge income-expenditure gap, SDLs form major part of total liabilities.

The Hindu

Bomb blast threat to RBI and other locations in Mumbai; no suspicious object found, say police

A threat mail sent to the Reserve Bank about 11 bomb blasts in Mumbai sent police into a tizzy, but no suspicious object was found at these locations

The Hindu

Outlook 2024: With no apparent hurdles on horizon, road seems clear for stock investors

Cumulatively, the past 12 months have been stellar for investors who parked their money in Indian stocks. Read further on Dynamite News:

Dynamite News

Telangana continues to depend on financial accommodation instruments of RBI due to shortfall in revenue receipts

Telangana’s finances continued to witness a shortfall in revenue receipts forcing the government to depend heavily on financial accommodation instruments such as special drawing facility (SDF), ways and means advances (WMA) and overdraft provided by the Reserve Bank of India (RBI) to meet its immediate needs

The Hindu

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The Hindu

Surplus fund days in a year low in BRS rule, says Telangana CM in Assembly

Telangana Chief Minister A. Revanth Reddy has stated that the State’s finances are in a bad position and one of the major indications is the receding surplus fund days in a year, as per RBI reports.

Top News

Austrian RBI acquires 28% of Strabag, reducing Russia exposure

Austrian bank RBI is getting creative in its efforts to reduce its exposure to Russia, taking a 28% stake in construction firm Strabag.

The Hindu

Official refutes allegations on Andhra Pradesh’s debts

Official refutes allegations on Andhra Pradesh’s debts. As per an RBI report, the total outstanding liability of the Government of Andhra Pradesh at the end of March 2023 was ₹4,28,715.70 crore, says Duvvuri Krishna, Special Secretary to the Chief Minister of Andhra Pradesh.

The Hindu

A slick show from its men gives Petroleum a record-extending 27th title in National table tennis

Petroleum & RBI win 27th & 1st titles respectively in National Table Tennis Championship.

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The Hindu

Google has removed 2,500 fraudulent loan apps from its Play Store, says Finance Minister Sitharaman

Govt. removed over 2,500 fraudulent loan apps from Google Play Store to protect citizens from cybercrimes & safeguard interests. 44.46 crore loans sanctioned under PMMY.

The Hindu

T.N.’s outstanding liability from bonds stood at ₹5.38 lakh crore as of March 2023

Tamil Nadu had ₹5.38 lakh crore outstanding liability from bonds at end of March 2023, with 38.5% due in 1-5 years.

The Hindu

We enhanced Transco, Genco assets, but Congress indulging in false propaganda of accumulated losses: KTR

BRS MLA K.T. Rama Rao criticizes Congress govt. for wrong publicity & false claims of debts in Telangana.

The Hindu

Acceleration foretold: On volatile food prices

The onus is squarely on the government to help temper inflation, or risk suffering an erosion in broader consumption and economic growth

The Hindu

Share of Tamil Nadu’s own tax revenue has remained stable at over 70 per cent: RBI study

Tamil Nadu's SOTR share of total tax revenue stable at over 70%, SGST emerged as most important source post-GST.

The Hindu

Telangana ranked among the top in own tax revenue collections at 84.2% of overall tax collected

Telangana ranks among top States in terms of own tax revenue, with 84.2% of overall tax revenue.

The Hindu

Telangana to borrow ₹500 crore through auction of securities by RBI

The State government has decided to raise market borrowings of ₹500 crore. It has put up an indent for raising the amount through auction of securities

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