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RBI

News Reports

Former RBI governor Urjit Patel blames UPA govt for banking mess, says RBI too fell short on several counts

OpIndia Staff -
The former RBI governor Urjit Patel in his yet-to-be-released book writes that several government banks did not have senior management in place, and governance suffered.
News Reports

Union government brings cooperative banks under RBI control through an ordinance

OpIndia Staff -
The cabinet on Wednesday passed an ordinance to extend the Reserve Bank of India's supervision over the cooperative banks
News Reports

RBI spent more on the transportation of Raghuram Rajan’s belongings between Chicago to Mumbai than in his salary: Report

OpIndia Staff -
An additional ₹13,474 was spent on fitting an air conditioner in the bathroom of former RBI Governor Raghuram Rajan, the RTI has revealed.
Economy and Finance

RBI cuts interest rates, extends loan moratorium for three more months as it expects negative growth rate in FY21: Here are details

OpIndia Staff -
RBI Governor announced various measures, like extending loan moratorium to cutting down interest rates to boost the economy that has slowed down due to the ongoing coronavirus-induced lock
Political Fact-Check

Patanjali paid the dues of Ruchi Soya after acquiring it, Congress party falsely accuses RBI of writing off the loan of ‘rich capitalist’

OpIndia Staff -
Ruchi Soya was listed as defaulter as on 20 September 30, Patanjali had acquired it in December and paid all the loans
Fact-Check

Bollywood entertainer Richa Chadha wants RBI to ‘write off’ everyone’s EMI. Here is why it is not possible, ever

OpIndia Staff -
The Reserve Bank of India doesn't write off loans. It is the banks that write off the loans that are granted by them. And write off does not mean waive off.
Government and Policy

Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...

OpIndia Staff -
The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.
News Reports

Lutyens ‘journalists’ peddle half-truths about RBI’s new KYC norms which help persecuted minorities to open bank accounts in India

OpIndia Staff -
RBI has modified KYC norms to allow persecuted minorities given citizenship under CAA open bank accounts in India
Government and Policy

Tech-giant Google recognises success of India’s UPI, recommends US Federal Reserve to implement similar model

OpIndia Staff -
Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.
News Reports

Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically

OpIndia Staff -
Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.
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