RBI

'Irony that I'm arrested while Oreva owner remains free': TMC's Saket Gokhale

Saket Gokhale was arrested for a tweet on PM Modi's visit to Morbi, following the bridge collapse incident. TMC leader Derek O'Brien has called Gokhale's arrest a 'political vendetta' by the BJP.

published on : 6th December 2022

RBI may halt rate hike cycle after December policy: SBI

The bank believes the Monetary Policy Committee (MPC) of the RBI will increase the repo rate by 35 basis points on 7 December 2022 taking the repo rate to 6.25%.

published on : 5th December 2022

Switzerland beats Serbia 3-2 to reach last 16 of World Cup

Switzerland will next face Portugal on Tuesday at Lusail Stadium.

published on : 3rd December 2022

Bank credit grows nearly 17 per cent for fortnight ended Nov 18: RBI

In FY 2021-22, bank credit rose by 8.59 per cent and deposits by 8.94 per cent.

published on : 2nd December 2022

ATF price slashed by 2.3 per cent, now at Rs 1.17 lakh per kilolitre

The rate reduction, which will provide relief to airlines for whom fuel makes for almost 40 per cent of the operating cost, comes on the back of a Rs 4,842.37 per kl reduction last month

published on : 1st December 2022

Economic growth slows to 6.3 per cent in Q2, RBI spot on

Manufacturing, mining sectors drag growth, contracting 4.3% and 2.8%, respectively

published on : 1st December 2022

TMB gets RBI authorisation to undertake government business in Tamil Nadu

It gives me immense pleasure in sharing this appointment by RBI with all our stakeholders,” said Krishnan.  

published on : 1st December 2022

RBI to launch pilot for retail digital rupee on December 1 

The central bank commenced the first pilot in the wholesale segment on November 1, 2022. Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by the RBI.

published on : 29th November 2022

Bank credit up by 17.2 per cent in Q2; deposits grow 9.8 per cent

RBI says credit growth remained broad-based as all population groups, bank groups recorded double-digit growth

published on : 29th November 2022

FIFA World Cup: Cameroon fight back to draw six-goal thriller against Serbia

Neither side could find a winner in an end-to-end finish to the game and their bids to make the knockouts will go down to the final game.

published on : 28th November 2022

RBI, UAE central bank in talks for trade settlement in Indian rupee

As per commerce ministry data, in June-October period, India’s  non-oil exports to the UAE rose  8% to $9.69 billion, while the global non-oil exports fell by 2% during the period.

published on : 28th November 2022

CII urges RBI to moderate pace of interest rates hikes

CII stressed that the incipient signs of domestic recovery need to be preserved to help accelerate movement towards a normalised growth scenario.

published on : 27th November 2022

RBI pauses onboarding of online merchants by Paytm Services; firm says no material impact on biz

Paytm said PPSL has now received a letter from RBI in response to an application for the authorisation to provide PA services for online merchants.

published on : 26th November 2022

SC refuses to entertain plea seeking investigation of officials involved in demonetisation 

The lawyer appearing for the petitioner claimed Rs 500 notes of the new design were being printed well before a recommendation by the Central Board of the RBI.

published on : 26th November 2022

Retail inflationary pressures expected to ease with fresh Kharif arrivals: Finance Ministry

On food security, the report said global food security has deteriorated and India may turn out to be an outlier with proactive and pre-emptive government interventions.

published on : 25th November 2022

Rusty cables, loose bolts tell shoddy tale of Morbi bridge renovation, other lapses: Probe

Police have so far arrested nine persons including four from the Oreva group that was managing the British-era suspension bridge, which collapsed on October 30.

published on : 23rd November 2022

India in talks with UAE, Saudi for trade in rupee

Reserve Bank of India and Ministry of Finance working on framework to permit trade in Indian currency

published on : 22nd November 2022

SC asks Gujarat HC to periodically monitor probe, other aspects related to Morbi bridge collapse

The British-era bridge on the Machchhu river in Morbi collapsed on October 30 leaving over 140 dead including 47 children.

published on : 21st November 2022

Morbi bridge collapse: SC to hear plea seeking probe into Gujarat incident on Nov 21

According to reports, the death toll in the collapse of the British-era bridge on October 30 on the Machchhu river in Morbi in Gujarat has gone up to 134.

published on : 21st November 2022

Banks increase lending rates by 190 bps in tandem with RBI's repo rate hike

Further, banks have also increased their 1-year median marginal cost of funds-based lending rate (MCLR) by 85 bps from May to October 2022.

published on : 20th November 2022
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