Browsing Tag
Reserve Bank of India
259 posts
MPC members agree on repo rate, differ on accommodative stance
"In this environment, it is no longer appropriate to stick to the monetary policy stance first adopted in May 2020 when the adverse economic effects of the pandemic were at their peak."
Reserve Bank of India Imposes Monetary Penalties on Two Payment System Operators
The RBI imposed a Rs 1 crore monetary penalty on Paytm Payments Bank for an offence committed under the Payment and Settlement Systems Act, 2007.
Economy healing but still digging out of deep economic contraction: RBI
"The time is right for setting India on a new trajectory of sustainable and inclusive growth. After all, October marks the ending and beginning of things, a symphony of permanence and change."
India’s foreign exchange reserves decline by over $1.16 billion
On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $1.280 billion to $575.451 billion.
Banks will now be fined for non-availability of cash in ATMs
In case of WLAOs, the banks which are meeting their cash requirement shall furnish a separate statement on behalf of WLAOs on cash-out of such ATMs due to non-replenishment of cash.
Repo Rate Expected to Remain Unchanged in FY22: Emkay Global
On bond yields, she cited that in the near term, 'we are neutral on bonds amid the central bank's active support anchored at the benchmark 10-year paper'.
PMC Bank Resolution: RBI clears way for Centrum to set up SFB
The PMC Bank had received binding offers from certain investors for its reconstruction, in response to the EOI dated November 3, 2020 floated by the bank.
Cautious optimism returning to India’s economy: Reserve Bank of India
"The economy has the resilience and the fundamentals to bounce back from the pandemic and unshackle itself from pre-existing cyclical and structural hindrances."
Reserve Bank of India announces G-SAP 2.0 worth Rs 1.20 lakh crore for liquidity support
Mumbai: In a bid to infuse more liquidity in the market, the Reserve Bank of India (RBI) has…
RBI announce Rs 35K cr G-sec Acquisition Programme
Mumbai: The RBI on Wednesday announced the second tranche of Open Market Purchase of Government of India Securities…
Inflationary woes: RBI retains rates, maintains accommodative stance
Reacting to the improved GDP growth forecast, the S&P BSE Sensex crossed the 45,000 mark for the first time ever.
RBI to come up with guidelines for dividend distribution by NBFCs
RBI has decided to carry out consultation with stakeholders before finalising the revised regulatory framework.
Lakshmi Vilas Bank under moratorium; maximum withdrawal Rs 25K
The moratorium came into effect from 6 p.m. on Tuesday and will be in place up to December 16, 2020.
RBI Governor Shaktikanta Das tests positive for coronavirus
RBI Governor Shaktikanta Das tests positive for coronavirus
India’s foreign exchange reserves rises by $3.615 bn
Mumbai: India’s foreign exchange reserves rose $3.615 billion during the week ended October 16. According to the Reserve…
Banks free to provide funds to Amrapali projects, RBI tells Supreme Court
The top court has scheduled the next date of hearing on October 29, when it will take up the issues regarding recovery of funds in terms of findings of Forensic Auditors.
Govt appoints M Rajeshwar Rao as RBI deputy governor: Notification
The central government on Wednesday has appointed M Rajeshwar Rao as deputy governor of the Reserve Bank of…
‘Corporate vultures eying small banks, merge Lakshmi Vilas Bank with govt bank’
Chennai: The Reserve Bank of India (RBI) should take a prompt and correct action of merging the 93-year-old…
RBI’s role in Dhanlaxmi Bank Board should be reviewed: AIBEA
Earlier the bank closed down many of its branches in north Indian States owing to inadequate controls which landed the bank into problems.
‘Economic disruption to deter RBI from quantifying FY21 growth forecast’
The RBI’s MPC (Monetary Policy Committee) is expected to release its resolution on the monetary policy after their meet on September 29 to October 1, 2020.
Centre Informs SC, Moratorium On Repayment Of Loans Is Extendable Up To 2 Years
He also informed the top court that the Centre has filed its reply on the powers under Disaster Management Act, and urged the court to allow Centre, RBI, bankers associations to sit together.
RBI Governor for farmers’ income growth, reasonable food prices
According to him, an efficient domestic supply chain becomes critical in such circumstances.
Extreme risk aversion to have adverse outcomes: Governor Shaktikanta Das
The Governor also said that currently there is growing disconnect between the movements in certain segments of financial markets and real sector activity.
RBI to conduct special ”Open Market Operations” to pump up liquidity
The operation is likened to the Federal Reserve's ''operational twist'' -- which involved swapping short-term treasury securities for long-term government debts conducted in 2011-12.
Charging interest during moratorium is serious issue: Supreme Court
Solicitor General Tushar Mehta, representing the Centre, contended before the bench that he would consult the finance ministry and file a response to both the questions. The top court allowed Mehta to file a reply on or before June 12.
The dismantling of the idea of India
Instead of focusing on the economy, the Modi government has pushed its divisive agenda
SC seeks Centre, RBI reply on levying interest charges during moratorium
New Delhi, May 26 : The Supreme Court on Tuesday issued notice to the Centre and Reserve Bank…
India’s GDP likely to contract 5% in FY 2020-21: Crisil
"We estimate the fiscal cost of this package at 1.2 per cent of GDP, which is lower than what we had assumed in our earlier estimate (when we foresaw a growth in GDP)," it said.
Chidambaram slams govt, asks why RBI is infusing liquidity
Slamming the Rashtiya Swayamsewak Sangh (RSS), Chidambaram said, "RSS should be ashamed of how the government has dragged the economy into negative growth territory."
RBI defers interest payment on working capital loans for 3 months
Further, in a big relief to the corporate sector the RBI on Friday allowed a three-month extension of moratorium on payment of instalment with respect to all term loans outstanding on March 1, 2020.
RBI cancels banking license of CKP Co-operative Bank
According to RBI, the bank is not in a position to pay its present and future depositors.
Resolution period for large stressed assets extended by 90 days: RBI
New Delhi, April 17 Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a 90-day extension…
RBI cuts key lending rates to 4.40%; maintains accommodative stance
Mumbai, March 27 The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in…
Sensex up 1,100 points on RBI relief hopes
Mumbai, March 27 The Indian stock market witnessed a gap-up opening on Friday and the Sensex traded over…
Odisha urges FM to release Jagannath temple funds in Yes Bank
Bhubaneswar, March 8 Odisha Finance Minister Niranjan Pujari has requested Union Finance Minister Nirmala Sitharaman to instruct the…
Yes Bank depositors’ money safe, RBI working on resolution: FM
The Minister said she will speak to RBI Governor to see depositors don't face any cash crunch and the priority is safety of the depositors' money and can't give details of the plan.
Former SBI CFO Prashant Kumar named administrator of Yes Bank
Prashant Kumar, ex-DMD & CFO of SBI appointed as the administrator.
RBI rejigs Dy Guv portfolios, Patra heads monetary policy wing
The departments of currency management, information technology and foreign exchange will be looked after by B.P. Kanungo.
RBI holding repo rate bodes well for savings: Economists
New Delhi, Dec 6 : Even as many see the RBI’s pause on repo rate as a setback…
RBI Officer Allegedly Commits Suicide In Odisha Hotel
BHUBANESWAR, Oct 26: A general manager of the Reserve Bank of India’s (RBI) Guwahati branch allegedly committed suicide…
PMC Bank crisis claims 5th victim; RBI move likely
On Friday, 83-year old Murlidhar Dhara of Mulund in north-east Mumbai died after he was unable to withdraw money for a heart surgery.
Credit growth rate of banks slows down
Mumbai, Oct 12 Indian banks credit growth rate, for the first time this fiscal, slowed to single digit…
Private consumption slows, Indian economy seen ‘fraught with risks’
New Delhi, Oct 12 The Indian economy, which has been witnessing slowdown over last few quarters, is likely…
Banks’ credit growth rate slows to 8.8%, shows RBI data
Outstanding loans rose Rs 596.53 trillion ($8.40 billion) from a fortnight earlier to Rs 97.71 trillion as on September 27.
Government not doing enough to revive economy: Congress
Quoting former Chief Economic Advisor (CEA) Arvind Subramanian, she said the actual GDP is less than 5 percent.
RBI rate cuts benefit only home, car buyers, not us: MSMEs
Chandrakant Salunkhe, Founder and President, SME Chamber of India said that banks are not passing on the benefits of lower repo rate and it was a serious matter of concern.
RBI puts Lakshmi Vilas Bank under Prompt Corrective Action
According to the bank, the Reserve Bank has advised it on the restrictions imposed and the actions to be taken.
RBI hikes withdrawal limit to Rs 10k in PMC Bank
In a sudden move on September 24, the RBI had barred the PMC Bank from carrying out almost all its routine banking activities in view of certain irregularities it had detected.
Priyanka raps govt for PMC Bank account holders’ woes
New Delhi, Sep 25 : A day after the Reserve Bank of India (RBI) put severe curbs, including…
RBI bars PMC Bank from business transactions
Mumbai, Sep 24 The Reserve Bank of India has placed the Punjab & Maharashtra Cooperative Bank Ltd, Mumbai…
2,480 cases of fraud in PSBs involves over 30,000 crore: RBI
New Delhi, Sep 10 : According to Reserve Bank of India’s data a total of 2,480 cases of…
India’s forex reserves down by $446 Million
Mumbai, Sep 6 India’s foreign exchange reserves declined by $446 million during the week ended August 30, official…
‘GST shortfall may force RBI surplus use to meet fiscal deficit’
According to Kotak, optically, the excess provision transfer of Rs 52,300 crore, as well as the Rs 54,000 crore of higher dividend, will seem positive for bonds.
Congress slams RBI transferring Rs 1.76 lakh cr to govt
Delhi: A day after the Reserve Bank of India’s (RBI) Central Board accepted the Bimal Jalan panel recommendations and…
RBI to transfer Rs1.76 Lakh Crore to Modi government
New Delhi, Aug 27: Accepting the recommendations of Bimal Jalan Committee, the Reserve Bank of India (RBI) will…
Global investors keen on rupee denominated assets: RBI
Mumbai, Aug 26 (IANS) Global investors have shown appetite for rupee denominated assets in recent times and this…
RBI employees for consensus on Jalan panel report
The study has suggested, said the union, compared with other central banks (taking into account the value at risk) the core capital of the RBI is not sufficient.
Resolve stressed assets in time for maximum value: RBI
The RBI issued the new NPA recognition and resolution guidelines on June 7 after the Supreme Court had, in April, declared the earlier one issued on February 12, 2018 as ultra vires.
No charges on failed transactions: RBI
Mumbai, Aug 14 The Reserve Bank of India (RBI) on Wednesday clarified that those transactions which fail on…
RBI clarifies on free ATM transactions; gives relief to customers
Mumbai, Aug 14 (IANS) The Reserve Bank of India (RBI) on Wednesday clarified that those transactions which fail…
RBI to file compliance report on Whatsapp payment service
In response, Sibal suggested that WhatsApp should submit compliance report to RBI, and RBI can submit a compliance affidavit before the Supreme Court.
Tax rejig required to reverse slowdown, say experts
The downtrend has hit sectors, like FMCG, automobile and aviation, the hardest.
Acharya warns about risk of high borrowings from debt market
Bengaluru, July 23 (IANS) An increase in government borrowing can risk flooding the debt market while making it…
PNB reports over Rs 3,800 crore fraud by Bhushan Power and Steel Ltd
New Delhi, July 7 Public sector lender Punjab National Bank said it has detected a fraud of more…
Budget 2019-20: Government expects windfall from RBI as dividends
New Delhi, July 5 (IANS) The central government expects to get a massive fund influx from the Reserve…
Acharya differed with government on key issues
Mumbai, June 24 (IANS) RBI Deputy Governor Viral Acharya’s resignation on Monday did not surprise many. Market sources…
RBI’s MPC found clear signs of economy losing traction
"Overall, there is clear evidence of economic activity losing traction, with the GDP growth in Q4 (fourth quarter) 2018-19 slowing down to 5.8 per cent,"
RBI solves big problem of ‘small change’ at Shirdi temple
Ahmednagar (Maharashtra), June 19 (IANS) The Reserve Bank of India (RBI) on Wednesday intervened to resolve the big…
Jet Airways shares fell by 46% on BSE
Jet Airways share price fell in early trade today with lenders meeting to finalise a resolution under the…
Key Indian equity market in red
Mumbai, June 6 : Taking a cue from global markets, the key Indian equity market indices on Thursday…
Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI
In the last 11 fiscal years, a 53,334 fraud cases were reported by banks involving Rs 2.05 lakh crore.
Macro environment conducive for RBI to cut rates
With the elections resulting in a decisive mandate, the attention will now shift to policy — both fiscal…
RBI’s booster dose expected; target 150-200 bps cut in FY20
Mumbai, May 24 Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity…
RBI to issue new Rs 20 banknotes
The Reserve Bank of India is set to issue Rs. 20 denomination banknotes in the Mahatma Gandhi (New)…
RBI likely to withdraw non-disclosure policy under RTI
New Delhi, April 24 April 26 (IANS) After being rapped by the Supreme Court, the Reserve Bank of…
Be more transparent: Supreme Court raps RBI in final warning
New Delhi, April 26: The Supreme Court on Friday gave the RBI “one last opportunity” to disclose annual…
(Trans)mission Impossible? A Discussion On Monetary Policy
By contrast in the current interpretation of the CPI targeting framework, a sustained substantial breach of 4% may pose a narrative challenge for the RBI / MPC. For market participants, it may pose an interpretation challenge on what reaction to now expect from policy.
RBI reply on home loan norm breach by bank sought
New Delhi, April 24 The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) to…
RBI issues Rs 50 notes bearing Governor Shaktikanta Das’ signature
Mumbai, April 17: The Reserve Bank of India (RBI) on Tuesday issued Rs 50 denomination banknotes bearing the…
NCLAT adjourns IL and FS case hearing to April 29
New Delhi, April 16 (IANS) The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned to April 29…
RBI employees aren’t government servants: Madras HC
Chennai, April 15: The Madras High Court has observed that the employees of Reserve Bank of India (RBI)…
RBI cuts repo rate by 25 base points, lowers GDP growth forecast to 7.2%
New Delhi, April 4: The Reserve Bank of India (RBI) on Thursday reduced repo rate by 25 base…
Supreme Court nixes RBI circular on bad loans as ultra vires
New Delhi, April 2: In a huge relief to the regulated sector, the Supreme Court on Tuesday struck…
Sanctity of RBI must be maintained: Mamata Banerjee
Kolkata, April 1: West Bengal Chief Minister Mamata Banerjee on Monday said the dignity of the Reserve Bank…
Minimum Income Guarantee scheme: Cong’s surgical strike on poverty
Congress President Rahul Gandhi on Monday announced a minimum basic income guarantee scheme, which envisages providing Rs 72,000…
RBI imposes penalty of Rs 2 crores on PNB
New Delhi, March 26: The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2…
Month’s ban on participants in case of market abuse
"Market participants committing market abuse are liable to be denied access to markets in one or more instruments for a period that may not exceed one month at a time,"
Chance for RBI to recoup lost reserves as rupee gains strong
Mumbai, March 11 (IANS) A strong inflow of foreign funds and benign oil prices have strengthened the Indian…
FDI inflow in April-Dec fall 7% to $33.5 billion
New Delhi, Feb 25 : Foreign direct investment (FDI) into India in April-December 2018 declined by 7 per…
Home loan borrowers can expect fall in rates
Earlier this month, the RBI cut the benchmark interest rate by 0.25 per cent to 6.25 per cent. But PSU and private banks are yet to pass on the resultant benefits to customers.
No RBI decision yet on interim dividend quantum to be paid to government
New Delhi, Feb 18: The RBI decides independently on the quantum of interim dividend to be paid to…
Good news: RBI rate cut to bring down EMI on home loans
Mumbai, Feb 7: The lowering of key lending rates by the Reserve Bank of India (RBI) on Thursday…
Loan interest costs set to fall as RBI cuts rate to 6.25%
New Delhi, Feb 7: In a surprise move that could bring down home and auto loans, the RBI…
Congress points fingers at Doval son, seeks FDI details from Cayman Islands
New Delhi, Jan 17: Alleging links between NSA Ajit Doval’s son Vivek opening a hedge fund in the…
RBI relaxes external commercial borrowing norms
New Delhi, Jan 16 : The Reserve Bank of India (RBI) on Wednesday announced a new framework for…
RBI cautions government over NPA spike in MUDRA loans
New Delhi, Jan 13 The Reserve Bank of India (RBI) has raised a red-flag on the spike in…
RBI forms panel led by Nandan Nilekani to deepen digital payments
Mumbai, Jan 8: The Reserve Bank of India (RBI) on Tuesday appointed Infosys co-founder Nandan Nilekani as the…
India’s external debt fell to $510.4 bn at end-September
Mumbai, Dec 31 : India’s external debt in the first-half of this fiscal fell 3.6 per cent by…
RBI launches survey on people’s retail payment habits
Mumbai, Dec 27 : The Reserve Bank of India (RBI) has launched a survey to understand the “Retail…
RBI Forms Panel On Economic Capital Framework
New Delhi, Dec 26 : The Reserve Bank of India (RBI), in consultation with the Government of India…
Sensex ends flat on weak global cues, RBI board meet
Mumbai, Dec 14: The key Indian equity indices closed flat after trading in a narrow range on Friday…
Shaktikanta Das ‘MA in History’ is first non-economist RBI Governor
New Delhi, Dec 12: Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as the new Reserve…
Shaktikanta Das appointed as new RBI Governor
New Delhi, Dec 11: Former finance secretary and current member of the finance commission Shaktikanta Das has been…
RBI Governor Urjit Patel resigns
New Delhi, Dec 10: Reserve Bank of India (RBI) Governor Urjit Patel on Monday resigned from his post…
Demonetisation threw up political, economic puzzles: Arvind Subramanian
"Through my new book, I am drawing attention to the puzzle, the big puzzle of 86 per cent reduction in cash after demonetisation, and yet the impact on the economy was much less," he said.
RBI keeps repo rate unchanged at 6.5%
New Delhi, Dec 5: The monetary policy committee of Reserve Bank of India (RBI) on Wednesday kept its…
India’s Forex reserves down $795 million
Mumbai, Nov 30 (IANS) India’s foreign exchange (forex) reserves declined by $795 million during the week ended November…
RBI to pump liquidity worth Rs 8,000 cr on Nov 22
Mumbai, Nov 19 : The Reserve Bank of India (RBI) would inject Rs 8,000 crore into the market…
India Inc investment in foreign ventures falls 10% in Oct: RBI
Mumbai, Nov 16: Indian companies’ investment in their overseas ventures continued to be less than the year-ago period for…
Yes Bank Chairman Ashok Chawla resigns
New Delhi, Nov 14 :Yes Bank on Wednesday said that its non-executive independent part-time Chairman Ashok Chawla has…
Modi govt is raiding RBI for illegal, impermissible electoral sops: Congress
New Delhi, Nov 12: In a scathing attack, the Congress on Monday said that as elections are nearing,…
Rahul urges RBI Governor to stand up to government pressure
New Delhi, Nov 6 : Congress President Rahul Gandhi on Tuesday urged Reserve Bank of India Governor Urjit…
PM needs Rs 3.6 lakh crore from RBI to fix mess his economic theories created: Rahul Gandhi
New Delhi, Nov 6: In a sharp attack, Congress President Rahul Gandhi on Tuesday said that Prime Minister Narendra…
Don’t frame government-RBI debate in terms of adversarial engagement
Media reports have portrayed the differences between the government and the Reserve Bank of India (RBI) as a…
RBI snubs Modi government as FM demands Rs 3.6 lakh crore from central bank
The major tussle between Reserve bank of India (RBI) and the Modi government includes the proposal of the…
Institutional undermining of RBI is betrayal to Sardar Patel’s legacy: Ahmed Patel
New Delhi, Oct 31: Senior Congress leader Ahmed Patel on Wednesday took a jibe at the Narendra Modi…
Autonomy for RBI vital, accepted governance requirement: Finance Ministry
New Delhi, Oct 31: Amid spat between the RBI and the Narendra Modi government, the Finance Ministry Wednesday said…
Government trying to destroy autonomous structure of RBI: Congress
New Delhi, Oct 30: Sharpening its attack on Finance Minister Arun Jaitley, the Congress on Tuesday accused the government…
Undermining RBI will be disastrous, says Employees Union
Kolkata, Oct 29: Days after RBI Deputy Governor Viral Acharya spoke on the need for the central bank’s autonomy,…
Fund outflows, oil prices to sink rupee further; 75-mark in sight
In the week gone by, the rupee touched a fresh low of over 74 to a US dollar in the spot market. It settled at a record closing low of 73.77 (73.7675) per US dollar on Friday, October 5.
RBI keeps policy rates intact; stance unchanged
Mumbai, Oct 5: Belying market expectations of a rate hike, the Reserve Bank of India (RBI) on Friday held…
Rupee Hits New All-Time Low Of 73.77 Against Dollar
Mumbai, Oct 4 : The rupee crashed to a new all-time low of 73.77 against the US dollar…
RBI withdraws permission to open new branches of Bandhan Bank
Kolkata-based Bandhan Bank, which was the first instance in the country of a microfinance entity transforming in to a universal bank, completed three years of operations this August.
RBI likely to hike repo rate by 25 bps: SBI report
Mumbai, Sep 28 (IANS) The Reserve Bank of India (RBI) is expected to hike its key lending rate…
RBI can sell USD 25 bn more to arrest rupee fall: SBI report
Mumbai, Sep 18 : The Reserve Bank of India (RBI) should intervene in both spot and forward markets…
Inflationary fears dent rupee; falls to new low of 72.67 per USD
Mumbai, Sep 10 : Indian rupee tumbled to a new record low of 72.67 against the US dollar…
Banks with over 10 branches to have ombudsman: RBI
Mumbai, Sep 3 (IANS) The Reserve Bank of India (RBI) on Monday asked all scheduled commercial banks with…
Rs 3-4 lakh crore of black money converted to white: Chidambaram
New Delhi, Aug 31: Senior Congress leader P Chidambaram on Friday attacked the Narendra Modi- led central government…
PM Modi must tell how “black” became “white” by imposing Demonetisation : Kapil Sibal
New Delhi, Aug 28 : Attacking Narendra Modi, Senior Congress leader Kapil Sibal said Demonetisation has not yielded any…
Will Modi apologise, Congress asks after RBI report on demonetisation
The RBI report on demonetisation was a "damning indictment of the macro-economic management of the country".
99.30% of demonetised currency notes returned: RBI Report
New Delhi, Aug 29: Nearly two years after demonetisation, the Reserve bank of India (RBI) has completed the…
SBI should declare GSPC as bankrupt: Congress
New Delhi, Aug 27: Referring to a Reserve Bank of India (RBI) circular, the Congress on Monday said that…
Supreme Court notice to Finance ministry, WhatsApp against payments service
New Delhi, August 27 : The Supreme Court today issued a notice to messaging service provider WhatsApp as…
SBI posts ₹4,876-cr net loss in June quarter
Mumbai , Aug 11: The State Bank of India (SBI) on Friday posted a net loss of Rs,…
RBI hikes repo rate by 25 basis points to 6.5%
New Delhi, August 1: The Reserve Bank of India on Wednesday increased the policy repo rate under the…
Hopes of steady monetary policy, Q1 results lift equity indices
Mumbai, July 31: Healthy quarterly earnings results and expectations of a dovish monetary policy aided the key Indian equity…
RBI likely to harden monetary policy
Mumbai, July 31 : The Reserve Bank of India is slated to announce its third bi-monthly monetary policy review…
Lavender colour Rs 100 notes soon, existing series to be still valid: RBI
New Delhi, July 19: The Reserve bank of India on Thursday announced that new Lavender colour Rs 100…
Airtel Payments Bank gets RBI nod to start enrolling new customers
New Delhi, July 12: After running into rough weather due to Aadhaar-related e-KYC issues, Airtel Payments Bank on Thursday…
Banks’ NPAs status to worsen to over 12% by fiscal-end: RBI
Mumbai, June 26: The gross non-performing assets (GNPAs), or bad loans, ratio in the Indian banking system is…
High oil prices, trade deficit widen India’s current account deficit
According to the RBI data, the CAD for last fiscal widened to 1.9 per cent of the GDP (Gross Domestic Product) from 0.6 per cent in 2016-17.
Cash with public at record high, doubles post demonetisation
New Delhi, June 11: Prime Minister Narendra Modi imposed Demonetisation to curb black money and hoarding of cash…
SBI looks at over Rs 40,000 crore recovery in FY19
Kolkata, June 9: The country’s largest lender, State Bank of India (SBI), is looking at recovering more than Rs…
Market Review: RBI rate hike boosts key Indian equity indices
Mumbai, June 9: The Reserve Bank of India’s (RBI) decision to hike the repo rate by 25 basis…
Global cues lift equity indices; banking stocks soar
Mumbai, June 7: Positive global cues and healthy buying support for banking, capital goods and metal stocks lifted the…
RBI rate hike to make home, auto loans costlier
New Delhi, June 6: Housing and auto loans are set to become costlier with India’s central bank raising its…
RBI’s ‘neutral’ stance boosts equity indices
Mumbai, June 6: The key indices of the Indian equity market made healthy gains on Wednesday as investors’ risk-taking…
RBI hikes repo rate by 25 basis points; house, auto loans to get costlier
Mumbai, June 6: Housing loan and auto loan will become dearer with the Reserve Bank of India (RBI)…
Mahesh Kumar Jain appointed as Deputy Governor of RBI
New Delhi, June 4: The government on Monday appointed Mahesh Kumar Jain, managing director and chief executive officer…
Strict KYC for digital payments=death of India’s digitalisation push?
RBI imposed strict know-your-customer (KYC) norms on all digital platforms with a last date of February 28. Customers have found it convenient to shift to cash rather than complete KYC formalities. So, a cash shortfall along with a drop in digital transactions could have easily resulted in a demand-supply mismatch.
Cash Crunch returns as ATMs in northeastern states go dry
Agartala/Kohima/Itanagar, May 5: The cash drought in most of the ATMs of the northeastern states has caused a lot…
Over 23,000 bank fraud cases involving Rs1 lakh crore in 5 years: RBI
New Delhi, May 2: More than 23,000 cases of fraud involving Rs 1 lakh crore have been reported…
After RBI raises doubts, Axis Bank CEO Shikha Sharma cuts short her tenure
New Delhi, April 10: After the Reserve Bank of India raised doubts, Private-sector lender Axis Bank said its board…
PNB fraud: CBI questions four RBI officials
New Delhi, April 5 (IANS) The CBI on Thursday questioned four Reserve Bank of India (RBI) officials in…
RBI bars regulated entities from dealing in cryptocurrencies
Mumbai, April 5 (IANS) In a bid to protect consumers and curb evils like money laundering, the RBI…
Monetary policy: RBI keeps repo rate unchanged at 6%
New Delhi, April 5: In the first monetary policy meeting of the new fiscal year on Thursday, the…
RBI likely to hold key interest rate
Mumbai, April 3: At its first bi-monthly monetary policy review of the new fiscal, the RBI is expected…
RBI fines ICICI Bank for security sales violation
Mumbai, March 29: The Reserve Bank of India (RBI) said on Thursday it has imposed a penalty of Rs…
Another bank fraud of Rs 824 crore involving Chennai jeweller
New Delhi, March 21: In yet another fraud played on banks, a Chennai-based jeweller Kanishk Gold Pvt Ltd…
Allegations related to 80:20 scheme false: Congress
New Delhi, March 6: The Congress on Tuesday said the allegations levelled by the BJP against former Union…
January inflation eases to 5.07%, December IIP lower at 7.1%
The higher target came in place of the 3.2 per cent -- or Rs 5.46 lakh crore -- for the current fiscal announced earlier.
RBI, SEBI need to take cognisance of market volatility; says Urjit Patel
New Delhi, Feb 10: Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said the central bank and…
1 lakh Income Tax notices sent to Bitcoin investors
New Delhi, Feb 6: The Indian Income Tax Department has issued about one lakh notices to people who…
‘RBI shouldn’t hike rate for fear of Budget stoking inflation’
New Delhi, Feb 4: The RBI should refrain from raising interest rates owing to concerns about inflation being stoked…
RBI introduces new Rs 10 banknote in Mahatma Gandhi Series
New Delhi, Jan 5: The Reserve Bank of India on Friday introduced new Rs 10 banknotes in the…
High-value notes worth Rs 2.46 lakh cr not released: SBI
Mumbai : The Reserve Bank of India (RBI) had printed high denomination notes worth Rs 15,78,700 crore as on…
RBI places Bank of India under Prompt Corrective Action framework
Mumbai, Dec 20: The Reserve Bank of India (RBI) has initiated “prompt corrective action” (PCA) measures against state-run lender…
FRDI Bill and bail-in: Your deposits were never safe(r)
By Nikhil Arora One obviously reads how social media and technology have the power to breed beliefs only…
RBI maintains key rates, concerned over inflation
Mumbai, Dec 6: In its penultimate monetary policy review of the fiscal, the Reserve Bank of India (RBI) on…
Fitch lowers 2017-18 growth projection to 6.7%
Mumbai : International ratings agency Fitch on Monday lowered the country’s GDP growth projection for 2017-18 to 6.7 per…
RBI likely to keep key interest rate unchanged on Wednesday
Mumbai, Dec 4: The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged at…
Next Sovereign Gold Bond issue price fixed at Rs 2,961/gram
New Delhi, Nov 25: The issue price of the next offering of the Sovereign Gold Bond (SGB) scheme opening…
RBI Governor at centre of Ravi Subramanian’s next thriller
New Delhi, Nov 15: Former Reserve Bank of India (RBI) Governor Raghuram Rajan may have stopped making headlines every…
Demonetisation’s short-term costs were high, long-term benefit doubtful
When Raghuram Rajan, former governor of the Reserve Bank of India (RBI), cautioned the government against demonetisation, saying…
RBI insolvency move to resolve NPAs not correct: Reddy
New Delhi, Nov 3 : The Reserve Bank of India’s (RBI) move to direct banks to take the major…
Bank employees shouldered worst impact of demonetisation: Unions
By Bappaditya Chatterjee and Venkatachari Jagannathan Kolkata/Chennai, Nov 2 : As bank customers suffered by waiting in long queues…
Did RBI have authority to issue Rs 2,000 and Rs 200 currency notes?
Mumbai, Oct 28: In what could be a bizarre situation, the Reserve Bank Of India (RBI) does not seem…
It’s government’s decision to link bank accounts with Aadhaar mandatory: RBI
New Delhi, Oct 21: The Reserve Bank of India (RBI) on Saturday clarified that it was the decision of the…
RBI surveys show Indian economy is in pessimistic zone, job cuts are big worry
New Delhi, Oct 9: The Reserve Bank of India has recently conducted a series of surveys which revealed…
RBI lowers 2017-18 growth projection to 6.7 per cent
Mumbai, Oct 4: The Reserve Bank of India (RBI) on Wednesday lowered the country’s growth projection for 2017-18, pegging…
RBI monetary policy guide: Assessing the extent of the slowdown
Mumbai: With the Reserve Bank of India (RBI) expected to keep interest rates at a seven-year low on…
RBI may opt for status quo on rates
Mumbai, Oct 2, 2017: The Reserve Bank of India (RBI) is expected to keep its key interest rate…
RBI to hike FPIs’ investment limits in govt securities
Mumbai, Sep 28: The Reserve Bank of India (RBI) on Thursday issued a notification regarding hike in foreign portfolio investors’…
Arun Jaitely to launch Google payment app ‘Tez’ on Monday
New Delhi, Sep 16: Union Finance Minister Arun Jaitely will launch Google’s Unified Payments Interface (UPI)-based digital payment service…
Rising food prices push India’s August retail inflation to five-month high
NEW DELHI : India’s consumer price inflation rose more than expected to a five-month high in August, fuelled…
Demonetisation to have high short-term economic costs, Rajan warned govt
New Delhi, Sep 5: Expressing his views over note ban Former Reserve Bank of India governor Raghuram Rajan said could have…
Post Demonetisation : No info on how much black money came back, says RBI
New Delhi, Sep 5: The Reserve Bank of India has no information on the amount of unaccounted or black…
Demonetisation is a Modi-made disaster: Congress
New Delhi, Sep 5: Hitting out at Prime Minister Narendra Modi, the Congress on Monday termed demonetisation a “Modi-made…
RBI annual report: 762,072 counterfeit notes detected in FY 2016-17
New Delhi, Aug 31: The Reserve Bank of India (RBI) in its annual report revealed as many as 762,072…
Opposition attacks government on demonetisation, Congress seeks Modi apology
New Delhi, Aug 30 : Opposition parties on Wednesday lashed out at the government after the RBI’s annual…
99 % demonetised currency returned to system: RBI report
New Delhi, Aug 30: The Reserve Bank of India (RBI) on Wednesday revealed Rs 15.28 lakh crore of the Rs…
RBI in its second NPAs list revealed more firms to NCLT
New Delhi, Aug 30, 2017: The Reserve Bank of India (RBI) is reportedly sent the second list of…
Demonetisation Effect: RBI halves the dividend payout to government
Demonetisation turns out to be a bane for government as its dividend halves this year as compared to…
Chidambaram says add another Rs 50,000 cr as cost of demonetisation
New Delhi, Aug 11 (PTI) Taking a potshot at the government over demonetisation, former Finance Minister P. Chidambaram…
RBI stops printing Rs 2,000 notes; Rs 200 note to introduce soon
New Delhi, July 26: The Reserve Bank of India has stopped printing higher value currency notes of Rs 2000,…
Housing prices hike by 10.5% in January-March 2017 : RBI report
New Delhi, July 18: Housing prices increased by 10.5% in January-March this year as compared to the year-ago period, revealed Reserve Bank…
Can’t make public the names of big defaulters, RBI tells SC
As the apex bank insisted that it could not make public the names of big defaulters, the court asked it to file an affidavit on the issue and directed the hearing of the matter after four weeks.
Haircut inevitable for banks to resolve NPAs: RBI ex-Governor
One-time adjustment has been done even in the past but in this case the quantum of debt gone bad is huge and it will take at least a year to resolve the festering issue.
RBI to issue Rs 200 soon, printing order has been placed : Report
New Delhi, July 4: Reserve Bank of India is all set to introduce a new Rs 200 note soon as…
Demonetisation : SC asks Centre & RBI to give genuine cases ‘another chance’
New Delhi, July 4 : In a bid to ease troublesome for genuine people who couldn’t able to deposit…
Now mobile banking complaints under ombudsman, says RBI
Mumbai, June 23: Widening the scope of its Banking Ombudsman Scheme, the Reserve Bank of India (RBI) has included…
RBI tells banks to provide adequate transaction details in passbooks
Mumbai, June 22 : The Reserve Bank of India (RBI) on Thursday advised commercial banks to provide adequate…
RBI reconstitutes Overseeing Committee on stressed assets
Mumbai, June 22 : The Reserve Bank of India (RBI) on Thursday said it has reconstituted the “Overseeing…
RBI has no plan to issue next defaulters list
New Delhi, June 16: Reserve Bank of India (RBI) finds 12 accounts with 25 per cent of non-performing assets…
RBI introduces new Rs 500 notes with inset letter “A”
June 13, Tuesday : The Reserve Bank of India introduced new batch of Rs 500 notes on Tuesday…
RBI at advanced stage of preparing top loan defaulters’ list: Jaitley
New Delhi, June 12, 2017: Plagued by huge bad loans problem, the government on Monday said the Reserve…
RBI monetary policy panel refused meeting with Finance Ministry
Mumbai, June 7 : The Reserve Bank of India’s Monetary Policy Committee had turned down the Finance Ministry’s…
Monetary Policy : RBI keeps key lending rates unchanged
June 7, Wednesday : The Reserve Bank of India has kept repo rate unchanged at 6.25 per cent while…
60.5 lakh taxpayers enrolled under GST so far: Hasmukh Adhia
New Delhi, May 11: As many as 60.5 lakh taxpayers have been enrolled under the Goods and Services Tax…
If you have Rs 10 and Rs 5 coins you need to read this
New Delhi, April 27, 2017: The Reserve Bank of India (RBI) is set to issue new Rs 10…
Jaitley to embark on 5-day visit to US
New Delhi, April 18: Finance Minister Arun Jaitley will on Wednesday leave for a five-day visit to the US…
Currency returned to RBI post-note ban being calculated: FM
New Delhi, April 11 The Reserve Bank of India (RBI) is still calculating and taking stock of the…
Here comes new Rs 200 note on social media…Is it for real?
New Delhi, April 7: The social media is abuzz with the picture of new Rs 200 note. Just…
Monetary Policy Review: RBI maintains key lending rate at 6.25%
Mumbai, April 6: The Reserve Bank of India (RBI) in its first bi-monthly monetary policy review of 2017-18…
Centre releases Rs 17,994 cr CCL for wheat procurement in Punjab
Chandigarh, April 6 The central government has released an amount of Rs 17,994.21 crore towards Cash Credit Limit…
RBI expected to keep rates unchanged on Thursday
Mumbai, April 4: The Reserve Bank of India (RBI) is expected to maintain its key lending rates at…
RBI clears proposal to introduce Rs 200 notes, report
New Delhi, March 4: The Reserve Bank of India has cleared a proposal to introduce new domination of Rs200…
Exchange of Rs 4,500 in old notes allowed in Nepal: RBI
The Indian proposal has sent waves of nervousness among the Nepali public as India had earlier allowed Nepali citizens to possess up to Indian Rs 25,000 each.
All cash withdrawal limits go back to pre-demonetisation era
Mumbai, March 13 : All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced…
Bitcoin: Can RBI ignore the elephant in the room?
March 3: Virtual currencies like Bitcoin are all the rage in FinTech, and could potentially transform global commerce…
Note ban was reason Raghuram Rajan left: Chidambaram
New Delhi, Feb 10 Former Finance Minister and senior Congress leader P. Chidambaram on Friday said that a…
RBI was created to be independent from the Centre: Kapil Sibal
Various employee unions of the central bank have objected to the government "impinging on RBI autonomy" and have written to Patel to take action against the "unwarranted interference".
RBI’s own figures indicate return of 15 lakh crore of banned notes
New Delhi, Jan 14, 2017: Despite the Reserve Bank of India dismissing reports that suggested 97 per cent…
‘Humiliated’ by Demonetisation, do away with interference: RBI union to Urjit Patel
Mumbai, Jan 14, 2017: The association representing employees and officers of the Reserve Bank of India (RBI) on…
Demonetisation, brainchild of Modi government: RBI
New Delhi, January 10: The awe and shock of demonetisation, continues. The Shock therapy used by Prime Minister…
Parliamentary Panel questions Urjit Patel over Demonetization from ‘head to toe’
New Delhi, Jan 8: The Public Accounts Committee (PAC) under the command of Senior Congress leader K.V. Thomas has…
Nepal to get Rs 1 bn in 100 rupee notes from India
Kathmandu, January 6: Nepal’s central bank will get Rs 1 billion in Rs 100 denomination Indian notes from…
Demonetization Protest: Shashi Tharoor, others detained by Kerala Police
Jan 6: Congress MP Shashi Tharoor along with other leaders was detained on Friday by Kerala police and was…
Government has virtually taken over RBI’s functions: Chidambaram
New Delhi, Jan 4: Former Finance Minister P Chidambaram on Wednesday said that the government has virtually taken over…
SBI cuts cost of lending rate by 0.9% across maturities
SBI's decision to reduce its benchmark lending rate by 0.9 per cent will also trigger cuts across other banks.
Viral Acharya appointed as RBI’s deputy governor
New Delhi, December 28: The Appointments Committee of Cabinet has approved an appointment of Viral V. Acharya, Economics Professor…
RBI and govt at loggerheads over demonetisation implementation
New Delhi, December 22: Amid highs and lows of remonetising the demonetised Rs 500 and Rs 1000 old…
RBI penalises 5 foreign banks for flouting FEMA
Mumbai, Dec 21, 2016: The Reserve Bank of India today said it has imposed the monetary penalty on…
No explanation for deposits more than Rs 5,000 as RBI does a u-turn
Delhi, 21 December: In a yet another flip-flop, Reserve Bank of India has issued an official notification to withdraw Rs 5000…
Tripura Gramin Bank’s 4th year of profit, business at Rs 7,000 cr
Agartala, Dec 21: The Tripura Gramin Bank (TGB) has posted a net profit of Rs 43.95 crore, the…
No questions will be raised if old currency deposited at once: Jaitley
New Delhi, Dec 20: Finance Minister Arun Jaitley on Monday night cleared the confusion regarding Reserve Bank of India’s…
Return of Rs 11.85 lakh cr or Rs 11.55 lakh cr in old notes?: How RBI ends up creating confusion
Mumbai, Dec 9 : The Reserve Bank of India is the repository of all information regarding currency printing and…
Banks not accepting pre-2005 Rs 1,000 notes
New Delhi, Nov 30 : The queues outside the Reserve Bank of India (RBI) are getting longer as banks…
Twitter abuzz with Rs 2000 notes
New Delhi, November 7: Images of pink and white Rs 2000 notes are making a buzz on twitter…
57 defaulted Rs 85,000 cr; SC mulling to expose names
New Delhi, October 25: Uncovering the darkest secret of the banking sector, the Supreme Court on Monday revealed…
RBI cuts repo rate by 25 bps; loans cheaper, inflation controlled, growth curtailed
New Delhi, October 4: In a maiden policy announcement as RBI Governor, Urjit Patel’s chaired central bank’s fourth bi-monthly policy…
India’s foreign exchange reserves up at $371 bn
Chennai, Sep 17, 2016: The Reserve Bank of India (RBI) on Saturday announced that India’s foreign exchange reserves…
Jaitley to review performance of state-run banks today
New Delhi, Sep 16, 2016: In the wake to review quarterly performance of state-run banks, Finance Minister Arun Jaitley…
Indian foreign exchange reserves at $367 bn
India’s foreign exchange reserves went up to $367.76 billion as on September 2, the Reserve Bank of India…
Urjit Patel takes charge as new RBI Governor
Urjit Patel has taken over the charges as Governor of Reserve Bank of India after the prosper Raghuram…
Urjit Patel to hold inflation, Government claims
The government appointed Urjit R. Patel as the new RBI Deputy Governor of the central bank. The government…
PSU banks underpay at top; ‘I also feel under-paid’ : Raghuram rajan
Outgoing Reserve Bank of India (RBI) governor Raghuram Rajan emphasised on improving governance in public sector banks. He…
Government shortlisted four candidates to become the next governor of the RBI
The government has narrowed down its list of candidates to become the next governor of the Reserve Bank…
Stress in banking behind credit growth slowdown: Rajan
Bengaluru, June 22 : Slowdown in credit growth has been largely because of stress in the public sector banking…
India should see China as inspiration: Rajan
Bengaluru, June 22 : Outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan on Wednesday said India should see…
Education loans should be flexible: Rajan
Bengaluru, June 22 : Outgoing Reserve Bank of India Governor Raghuram Rajan on Wednesday said that education loans should…
Government should infuse capital to enable banks to lend more: Rajan
Bengaluru, June 22 : The government should infuse capital in state-run banks to enable them to support credit growth,…
Indian economy has macro stability: Rajan
Reserve Bank of India (RBI) Governor Raghuram Rajan on Saturday said despite two droughts and a weak international…
Mehbooba Mufti seeks RBI support for youth empowerment
Jammu and Kashmir Chief Minister Mehbooba Mufti on Saturday sought Reserve Bank of India’s (RBI) support for youth…
RBI cuts repo rate by .25%, CRR unchanged
Reserve Bank of India on Tuesday slashed the Repo rate by 25BPS, down from 6.75% to 6.50%. While…
Rajan skirts rate cut talks, but comforted by fiscal targets
Reserve Bank of India (RBI) Governor Raghuram Rajan on Saturday kept the cards close to his chest on…