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Inflation breaks the 6% ceiling as onion prices double
Retail inflation rose to 6.09% in October from 5.54% in September, breaching the RBI's upper tolerance limit for the first time in the new series. Food inflation hit 8.94% and onion prices rose 116.22%, putting the December MPC meeting in focus.
Ten years after demonetisation, cash has doubled and ₹500 fakes are up 20%
The notes scrapped on November 8, 2016 were worth ₹15.42 lakh crore, and 99.3% came back. Currency in circulation has since risen from ₹17.77 lakh crore to ₹43.16 lakh crore, and RBI data show 2,29,746 counterfeit notes detected in 2025-26.
₹50,000 crore on offer, ₹23,905 crore bid: RBI's liquidity drain draws a shrug
The RBI announced a ₹50,000 crore variable rate reverse repo operation after banking system liquidity reached nearly ₹2 lakh crore on Monday. Banks bid only ₹23,905 crore. The weighted average call rate eased to 5.45% from 5.50%, and another VRRR is scheduled for Wednesday.
A bank CEO, his daughter's NBFC and a licence: Equitas shares fall another 15%
Shares of Equitas Small Finance Bank fell about 15-16% on Friday, extending Thursday's 20% slide, after MD and CEO PN Vasudevan resigned with immediate effect, citing a perceived conflict of interest involving an NBFC co-promoted by his daughter that has received an RBI licence. Vasudevan, who will stay until a successor takes over, said the decision was not taken overnight and that the board has begun the search.
'Digital arrest' fraud: if the bank's checks failed, the victim gets the money back, Supreme Court tells RBI
The Supreme Court has said RBI's proposed KYC rules must require banks to compensate digital arrest victims by at least the amount lost where the fraud went through because the bank failed due diligence. It also wants banks to hold unusual transactions, alert the nearest police station and verify physically before releasing money.
Banks must compensate you if their lapse let a digital arrest scam through, Supreme Court says
Hearing a suo motu case on digital arrest frauds, the Supreme Court said the RBI's new rules must require financial institutions to compensate victims by at least the amount lost where due diligence failed. The court has asked the RBI for a list of all authorised institutions.
"High inflation is like a tax on everyone": RBI chief defends the rate hike
RBI Governor Sanjay Malhotra defended this month's rate increase, saying rising prices hurt everyone. The repo rate was raised 25 basis points to 5.50 per cent, the first hike in nearly four years. Retail inflation stood at 5.54 per cent in September, driven by food prices.
RBI data centre and cyber training institute to open in Bhubaneswar
Prime Minister Narendra Modi will inaugurate the RBI's new data centre and Cybersecurity Training Institute in Bhubaneswar on October 25. The facility is certified to the Uptime Institute Tier IV standard, the highest tier for data centre resilience.
SBI weighs data leak impact as RBI tells banks to forensically clear tech after a breach
SBI is assessing the impact of a customer data breach and has alerted its cyber insurance provider. The RBI has told banks and payment firms to forensically clear their technology environments and confirm they are safe after any data breach.
Two more rate hikes on the cards, RBI minutes suggest, with a third possible
Minutes of the RBI's October policy meeting suggest the central bank could raise the repo rate two more times, and possibly a third, after its first hike in nearly four years this month.
Rate cuts off the table, RBI minutes show; bond yield climbs to 7.44%
Minutes of the RBI's October meeting show policymakers agreed inflation had worsened enough to warrant higher rates but differed on how much more tightening is needed. Governor Sanjay Malhotra kept the path data-dependent. The 10-year bond yield rose to 7.44%, a three-and-a-half-year high.
Rate cuts off the table: RBI MPC minutes signal hike or pause only
Minutes of the RBI's Monetary Policy Committee, released on Wednesday, show a unanimous 25 basis points hike in the repo rate to 5.50%. The panel said rate cuts are off the table in the near term, leaving a hike or a pause as the options.