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The Latest Breaking News from the Reserve Bank of India

After more than four decades, Ratna Bhandar of Sri Jagannath Temple in Puri re-opens

The 'Ratna Bhandar' (treasure trove) of the Shri Jagannath Temple has finally been opened after more than four decades on Sunday. Read further on Dynamite News:

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RBI appoints Arnab Kumar Chowdhury as Executive Director

The Reserve Bank of India (RBI) on Monday announced that it has appointed Arnab Kumar Chowdhury as Executive Director (ED) with effect from June 3, 2024. Read further on Dynamite News:

Dynamite News

RBI Issues Master Direction for Asset Reconstruction Companies

The Reserve Bank of India (RBI) has issued Master Direction to the Asset Reconstruction Companies. Read further on Dynamite News:

Dynamite News

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Forests a national asset and a major contributor to financial wealth, says Supreme Court

Supreme Court emphasizes forests as national asset, vital for financial wealth, carbon sink, and protection against climate change.

The Hindu

Fed Comments Impact Global Markets, India Hints At Rate Changes

Global markets in Asia react to the Fed's comments, while India's central bank provides guidance on interest rates, impacting investor sentiment and market...

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

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

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

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

Indian economy outperforming peers; projected to grow at 6.2% in 2024: United Nations

“India is projected to grow at 6.2% in 2024, supported by robust domestic demand and strong growth in the manufacturing and services sectors,” the United Nations has said. The UN World Economic Situation and Prospects (WESP) 2024 report, launched on January 4, said that gross domestic product in South Asia…

The Hindu

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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:

The Hindu

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

RBI hikes UPI transaction limit for hospitals and educational institutions

The Reserve Bank of India raised the UPI payment limits for hospitals and educational institutions from ₹1 lakh to ₹5 lakh per transaction, said Governor Shaktikanta Das on December 8.

Dynamite News

RBI maintains status quo in policy rate for 5th time now

The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.

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Former RBI Governor S Venkitaramanan passes away

Former Governor of the Reserve Bank of India S Venkitaramanan passed away here on Saturday, due to brief illness. Read further on Dynamite News:

The Hindu

Former RBI Governor S. Venkitaramanan passes away at 92

Former Governor of the Reserve Bank of India S. Venkitaramanan, passed away on November 18 in Chennai at 92-years-old

The Hindu

RBI clears resolution plan for debt-ridden Reliance Capital

The Reserve Bank of India (RBI) on November 29, 2021, superseded the board of Reliance Capital in view of payment defaults and serious governance issues.

The Hindu

Food flux: On food costs and the October tidings

The Monetary Policy Committee of the Reserve Bank of India, which meets early December for its next review, will not be too swayed by the October tidings

The Hindu

RBI wins businessline Changemaker of the Year award; Amul is crowned Iconic Changemaker

In a glittering ceremony that featured humour-packed moments, a virtuoso violin recital, and a scintillating hula hoop dance performance, Power Minister R.K. Singh presented businessline’s Changemaker of the Year award to the Reserve Bank of India for steering the country through the turbulent period of the pandemic. The ‘utterly butterly’…

The Hindu

Telangana inching closer to borrowings limit fixed by Union Finance Ministry

The State will participate in the auction to be conducted by the Reserve Bank of India on September 12 through e-Kuber platform.

Dynamite News

RBI keeps repo rate unchanged in third straight policy meet

The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. Read further on Dynamite News:

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