RBI
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Lessons from 2023—time to learn and unlearn  

The RBI has acted in tandem with the government to maintain price stability.

published on : 27th November 2023
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'Proud' Sinner beats Djokovic twice in one day to send Italy into Davis Cup final

Italy, who won the trophy for the first and only time in 1976, will face 28-time winners Australia on Sunday.

published on : 26th November 2023
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RBI suspends board of Abhyudaya Co-op Bank

According to a statement issued by the RBI, the above action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.

published on : 25th November 2023
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Internationalise the rupee to arrest volatility

The rupee is not fully convertible now and India should aim for it, as it would allow freer movement of investment.

published on : 25th November 2023
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GDP growth likely to be around 7% in Q2: Experts

Projection surpasses MPC’s estimations of 6.5% for same period

published on : 24th November 2023
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'Data shared with account aggregators safe', claims Finance Minister Nirmala Sitharaman

Sitharaman also stressed upon the importance of prudent lending practices and adherence to core banking principles in the context of digital transformation.

published on : 24th November 2023
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TMB shortlists three for MD & CEO’s post

The names of the shortlisted candidates are not known yet.

published on : 24th November 2023
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Rupee sees lower volatility relative to peers: RBI Governor Shaktikanta Das

He says this is due to the strength of underlying macro-fundamentals of the economy and reassuring forex buffers

published on : 23rd November 2023
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Inflation remains a risk for Indian economy: Finance Ministry report

The report said monitoring financial flows in external sector is crucial as they impact the value of the Indian rupee and the balance of payments.

published on : 22nd November 2023
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Why borrow with caution now

In another development, the Reserve Bank of India has asked Bajaj Finance, a non-banking finance company, to stop offering loans under two digital lending products.

published on : 20th November 2023
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Tightening unsecured loans a good move

Unsecured retail loans have been growing at over 20 per cent in many banks and NBFCs for a very long time.

published on : 20th November 2023
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South India sees sharp surge in personal loan consumption, North and East lags

South India is leading in terms of personal loan growth, while Mumbai -- home to a large number of corporate headquarters -- leads in deposits

published on : 18th November 2023
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‘Banks will need capital as RBI hikes risk weight on loans’

The impact of the circular is limited to consumer loans. Housing loans, education loans, vehicle loans, and loans secured by gold and gold jewellery do not fall under its purview.

published on : 18th November 2023
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Not yet out of woods on inflation front: RBI

Says retail inflation reading of around 5% and 4.9% in September and October, respectively, is welcome relief 

published on : 17th November 2023
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RBI stops two digital loan products of Bajaj Finance

The action was taken by the banking regulator due to non-adherence of the digital lending guidelines of RBI by the company.

published on : 16th November 2023
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Salman Rushdie receives first-ever lifetime award for 'Disturbing the Peace'

Only a handful of the attendees had advance notice about Rushdie, whose whereabouts have largely been withheld from the public since he was stabbed repeatedly in 2022 during a literary festival.

published on : 15th November 2023
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Fintech lending to youth rises 100 times in 2015-21

Borrowings mainly for personal-use products, less for big-ticket buys

published on : 8th November 2023
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Foreign funding case only to harass, RBI says not violated any law: NewsClick to HC

Challenging the Economic Offences Wing (EOW) FIR and the subsequent ED-registered money laundering case, the media outlet asserted it has not violated any guidelines or norms governing FDI.

published on : 7th November 2023
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Double-digit retail loan growth for SBI, BoB in Q2

As per latest available data SBI’s market share in home loans is 27.4% and in auto loans is 19.3%.

published on : 6th November 2023
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Odisha: IT lens on exchange of Rs 2,000 notes in RBI office

It has come to the department’s notice that several people are exchanging Rs 2,000 denomination notes.

published on : 2nd November 2023
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