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RBI

News Reports

RBI Governor Sanjay Malhotra educates US President Donald Trump over his ‘dead economy’ remark, reminds him India is contributing more to global growth right...

Shraddha Pandey -
"We are contributing about 18%, which is more than the US where the contribution is expected to be much less – about 11% or something. We are doing very well and we will continue to improve further," the RBI governor said.
World

PM Modi set to visit Maldives: Read how India’s $400 million ‘Sanjeevani Booti’ rescued the island nation’s economy

Divyansh Tiwari -
The pandemic and global economic slowdowns had a significant impact on the Maldives, which relies significantly on tourism.
News Reports

RBI to roll out climate change disclosure rules for banks and financial institutions, recognises climate change as a source of major financial concern: Read...

OpIndia Staff -
A 52-page draft note of the RBI, accessed by Reuters, prescribes a methodology for predicting and analysing the impact of extreme climate events and transition risks on the borrowers' ability to repay loans.
News Reports

Exclusive: Contempt of SC by ‘Exclusive Capital’ in the HNGIL matter? Here is what Justice Gauba replied to queries by OpIndia

OpIndia Staff -
Exclusive Capital Limited (ECL) faces multiple probes for financial and governance violations, with NCLT and RBI identifying serious breaches.
News Reports

HDFC relationship manager accused of defrauding a customer of Rs 3 crores, Bombay HC pulls up police, sends notices to RBI and HDFC

OpIndia Staff -
The petitioner expressed that other HDFC bank officials also seemed to be involved in the case.
News Reports

Raghuram Rajan is in all praise of ‘Make in India’ after telling Modi govt not to focus on manufacturing, had earlier made failed doomsday...

Dibakar Dutta -
The former RBI governor, who participated in the 'Bharat Jodo Yatra' of Rahul Gandhi, has repeatedly made doomsday predictions about India's economic growth (only to fail each time).
News Reports

India’s retail inflation softens and aligns with RBI’s 4 per cent target, lowest in 5 years

ANI -
In July, there was a sharp decline in the year-on-year inflation rate based on the All India Consumer Price Index (CPI), which is the lowest in the last 59 months.
News Reports

RBI report silenced those who spread false narratives on employment, around 8 crore new jobs created in just 3-4 years: PM Modi in Mumbai

ANI -
PM Modi quoted RBI report on employment to attack the opposition for criticising the government over "unemployment"
News Reports

India witnessed a 2.5-fold increase in job creation in FY24, the highest since 1981-82: RBI data

OpIndia Staff -
A total of 46.7 million jobs were added, the highest since 1981-82, with a growth rate of 6 per cent surpassing the previous three decades.
Specials

Edelweiss round-tripping money? RBI order against the financial giant scathing in how it’s using group entities to circumvent IBC regulations: A case study 

Nupur J Sharma -
The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from the acquisition of financial assets
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