RBI News

Markets

RBI’s record dividend of ₹2.11 trillion to help Centre’s FY25 fiscal deficit, lower bond yields

The Reserve Bank of India has announced a record dividend of ₹2.11 lakh crore to the Government of India for the financial year 2023-24.

3 min read22 May 2024
Industry

RBI calls for better governance in asset reconstruction companies

RBI pointed out that it has come across several cases of non-compliance by these asset reconstruction companies and reiterated that regulations need to be followed

2 min read17 May 2024
Economy

April CPI inflation hits an 11-month low; can RBI cut rates in the near future? Experts weigh in

India’s retail inflation eased to an 11-month low of 4.83 per cent in April, matching predictions. While above RBI’s 4 per cent target, it’s within the 2-6 per cent tolerance range for the eighth month.

5 min read14 May 2024
Markets

Muthoot, Manappuram Finance fall over 8% on RBI’s advisory on cash disbursal; here’s what it means for gold financiers

Shares of Muthoot Finance and Manappuram Finance fell after RBI advisory on cash disbursement limits for NBFCs. While NBFCs focusing on small-ticket loans may face challenges, those with digital disbursements are expected to fare better.

3 min read9 May 2024
Industry

97.76% of ₹2,000 bank notes already returned, says RBI

Around 97.76% of the ₹2000 banknotes in circulation as on May 19, 2023 have already been returned, said the Reserve Bank of India (RBI) in an announcement made on Thursday. The central bank added that ₹2000 banknotes will continue to be legal tender

2 min read2 May 2024
Economy

3 key reasons why RBI will not cut rates this year: Elara Capital

Firming commodity prices, rising US dollar, and geopolitical tensions may delay RBI rate cuts. Elara Capital expects no rate cut until Q4FY25 due to global factors and sticky food inflation in India.

3 min read1 May 2024
Industry

RBI finds ‘unfair practices in charging of interest’, asks banks to review

The regulator found that some lenders have been charging interest from the date of sanction of loan or the date of execution of the loan agreement, instead of the date of actual disbursement of the funds to the customer.

1 min read29 Apr 2024
Economy

Monetary policy committee should match its words and actions on stance, says member Jayanth R Varma

External member Varma believes that a real policy rate of 1-1.5% is sufficient to glide inflation to the target. The current real rate of around 2% risks an unwarranted growth sacrifice.

2 min read21 Apr 2024
Industry

When food inflation became main course on MPC menu

Members of RBI’s monetary policy committee believe it is too early to take their eyes off inflation, especially given the volatility in food inflation

3 min read19 Apr 2024
Economy

How the rupee’s fall can impact the economy and what RBI can do about it

The rupee continues to get weaker against the US dollar, which is bad news as India remains a net importer

2 min read17 Apr 2024
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