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Kerala has withdrawn its ₹1,500 crore RBI borrowing plan after investors demanded an 8.5% interest rate, highlighting rising state borrowing costs and fiscal pressure.
Kerala retail inflation rose to 5.26 per cent in September, driven by soaring food prices.
India's central bank raised its repo rate by 0.25% to 5.5% to curb inflation, potentially increasing borrowing costs but also benefiting savers.
India's central bank raised its repo rate by 25 basis points to 5.5%, its first hike in four years, to combat rising inflation, exacerbated by oil prices and weak monsoons, while the economy grows strongly.
The RBI's MPC faces a decision on interest rates amid rising inflation and strong GDP growth. While a rate hike is expected, the article argues monetary policy's limited impact on supply-driven inflation and the informal sector, advocating for broader tools.
The Reserve Bank of India rejected Tata Sons' application to surrender its NBFC licence, mandating a public listing and impacting leadership decisions due to shareholder disagreements.
Kerala Bank clarified its CCTV and alarm tender process, stating it followed regulatory directives. A re-tender secured lower rates, ensuring institutional benefit and legal transparency.
A Union Bank assistant manager faces charges for allegedly leaking deposit data, which the bank claims caused a Rs 3,145 crore share value drop. The FIR alleges breach of trust and cheating.
An engineer died tragically after being trapped in a currency shredding machine at the RBI office in Thiruvananthapuram, whilst it was being tested.
Dismissing speculation about a premature end to the scheme, RBI Governor Sanjay Malhotra stated that there are no plans to withdraw the incentives before the deadline.
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