The fact-checking unit of the Press Information Bureau (PIB) has called the assertion as "fake" and added that it is unsupported by official data.
The Central Board of Reserve Bank of India (RBI) approved a record surplus transfer of Rs 2.87 trillion to the Central government for 2025-26.
Sanjay Malhotra said the rising energy prices due to the ongoing Iran war were testing India's flexible inflation targeting. This necessitates potential policy intervention by the central bank.
The central bank announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023.
When regulators move early, markets often complain. That familiar tension is now visible in India’s banking sector as the Reserve Bank of India pushes lenders toward a more rigorous, forward-looking assessment of loan risk.
The announcement was made by RBI Governor Shaktikanta Das after the meeting of the Monetary Policy Committee on Wednesday.
Whether it was techies working in big firms or digital entrepreneurs looking to launch start-ups, they all seemingly had to be in these megacities despite rocketing housing costs, terrible pollution, being quarantined in tight places, and generally suffering a poor quality of life.
The RBI policy shall be formulated with the approval of the board and disseminated widely within the organisation.
"The Reserve Bank will undertake, as a part of its supervisory mechanism, annual assessments of customer service and grievance redressal in banks based on the data and information available through the Complaint Management System, and other sources and interactions," said an RBI notification.
The framework comprises enhanced disclosures on complaints to be made by the banks.
