Demonetisation seems to have brought a noticeable shift in deposit behaviour among countrymen. As reported by Businesssline, a study by the Reserve Bank of India (RBI) said households shifted...
Dec 17, 2018
American multinational financial services corporation Mastercard has said it will start deleting data of Indian cardholders from global servers. The company said it has asked the Reserve Bank...
Dec 17, 2018
The board of the Reserve Bank of India (RBI) is holding a meeting to decide on a new economic capital framework (ECF) for the central bank and relaxation in prompt corrective action (PCA) norms for...
Dec 14, 2018
In its fifth bi-monthly monetary policy review, the Reserve Bank of India (RBI) has kept its policy rates unchanged and cut its inflation forecast for the rest of the financial year, citing a sharp...
Dec 06, 2018
The RBI will provide another set of cash in December by infusing ₹40,000 crore into the system through open market operations (OMOs). “Based on an assessment of the durable liquidity needs...
Nov 28, 2018
The Reserve Bank of India (RBI) has refused to share information about nonperforming assets (NPAs) and loan defaulters sought by the Securities and Exchange Board of India (Sebi), according to...
Nov 16, 2018
The International Monetary Fund (IMF) has called for the autonomy of Reserve Bank of India (RBI). The international institute said as an international practice there should be no government or...
Nov 02, 2018
The Reserve Bank of India (RBI) has issued the guidelines for interoperability among different kinds of prepaid instruments (PPIs), including e-wallets, meal vouchers and gift vouchers. As...
Oct 17, 2018
The growth of non-bank financial companies will be a thing of the past, with revelation of money market defaults by Infrastructure Leasing & Financial Services (IL&FS). NBFCs roped in...
Oct 08, 2018
In its fourth bi-monthly monetary policy statement of 2018, the Reserve Bank of India (RBI) has kept the repo rate (key lending rate) unchanged at 6.5 per cent. The move to maintain status...
Oct 05, 2018
The ever-falling rupee has aroused concerns in the market. However, a report by the State Bank of India and Nomura Holdings Inc. says Reserve Bank of India has enough money to defend the rupee...
Sep 20, 2018
Reserve Bank of India (RBI) deputy governor Viral V Acharya has called for a new law that can help set up the proposed public credit registry (PCR), which can fix wrongdoings in the financial data...
Aug 21, 2018
The digital payments market in India is expected to grow to $1 trillion by 2023 driven by spurt in mobile payments, presenting huge business opportunities for players in the digital space, said a...
Aug 03, 2018
The Reserve Bank of India (RBI), in its third policy statement of 2018-19 announced today, has hiked key interest rate by 25 basis points to 6.5 per cent. "On the basis of an assessment of...
Aug 01, 2018
The gross bad loans of public sector banks (PSBs) has risen to 14.6 per cent of advances in 2017-18. The minister of state for finance Shiv Pratap Shukla said in Parliament in a written reply...
Jul 25, 2018
The Reserve Bank of India (RBI) and the Finance Ministry should work in unison to ensure that rupee does not face any more significant fall from the current levels, as the country could then be...
Jul 04, 2018
RBI governor Urjit Patel has suggested central bank nominee to refrain from the boards of public sector banks (PSBs) to avoid "any conflict of interest". Patel told this while briefing...
Jun 13, 2018
The Reserve Bank of India (RBI) has drafted guidelines on the loan system for delivery of bank credit. The move is aimed to bring credit discipline among large borrowers, enjoying working...
Jun 12, 2018
Reserve Bank of India appointed Sudha Balakrishnan as its first Chief Financial Officer (CFO) effective May 15. Before joining RBI, Balakrishnan had been working with National Securities...
Jun 08, 2018
About 20 public sector banks have incurred a loss of nearly Rs 60,000 crore in the January - March period of 2017-18. There are just two banks - Indian Bank and Vijaya Bank - which have...
May 30, 2018
Resevera Bank of India is set to announce its bi-monthly policy statement next week and the speculations are high if the central bank will raise interest rates. Global firm UBS says there’s...
May 30, 2018
Demonetisation and government efforts to push India into becoming a cashless economy notwithstanding, and though the frequency of digital transactions have gone up with a substantial increase in...
May 22, 2018
In a bid to ease the bankrupty resolution process, the government may be looking at a new mechanism for financial bids for companies facing bankruptcy action, says a TOI report. The attempt is aimed...
May 21, 2018
The Centre is mulling a move to ask the Reserve Bank of India (RBI) to revise the prompt corrective action (PCA) framework, say media reports. The move is prompted by concerns that a complete...
May 18, 2018
Credit ratings agency CARE Ratings has said that the Reserve Bank of India (RBI) may go for a rate change if the inflation touches 5 per cent mark. “In case, the inflation touches the 5 per cent mark...
May 15, 2018
Officers of the Reserve Bank of India’s Department of Economic and Policy Research have flagged the volatility in the statistics ministry’s initial estimates of GDP, raising question on the...
May 04, 2018
Notwithstanding RBI deputy governor Viral Acharya's suggestion for a rate hike, the finance ministry does not find any scope for upward movement of interest rates. “My sense is that interest...
May 04, 2018
The rise of bad loans has impacted the asset qualities highly, which resulted in the impaired monetary policy transmission in India, said a research paper by the Reserve Bank of India (RBI) staff...
May 03, 2018
Cryptocurrencies like bitcoins are most likely to continue facing regulatory obstacles in the near term, according to ratings agency Moody's Investors Service. In its report on fintech and...
Apr 26, 2018
A BofA Merrill Lynch Global Research report says that the Reserve Bank may recoup forex reserves despite India being put on currency manipulator watch list by the US. According to the report, RBI...
Apr 19, 2018
The Monetary Policy Committee (MPC) of Reserve Bank of India (RBI), in its first bi-monthly policy statement last week, decided to keep rates unchanged. However, the neutral stand of the...
Apr 09, 2018
The Reserve Bank of India has decided to switch back to Gross Domestic Product (GDP)-based model from Gross Value Added (GVA) measure to provide its estimate of economic activity in the country...
Apr 06, 2018
The Reserve Bank of India (RBI), in its first bi-monthly monetary policy statement on Thursday, kept the policy repo rate unchanged at 6.0 per cent. "Consequently, the reverse repo rate...
Apr 06, 2018
While Reserve Bank of India (RBI) is all set to announce its first bi-monthly monetary policy review of 2018-19 on April 5, it is widely believed that the country's central bank will again maintain...
Apr 02, 2018
The government and the Reserve Bank of India (RBI) might increase the foreign portfolio investment (FPI) limit in long-term government securities (G-secs), said a Business Standard report. ...
Mar 28, 2018
The banking regulation law does not wholly apply to public sector banks (PSBs) and regional rural banks (RRBs), a senior Reserve Bank of India (RBI) official told ET. The comments came six...
Mar 20, 2018
With inflation likely to notch higher to 4.5 per cent in the next fiscal, the Reserve Bank of India (RBI) is expected to remain on an “extended pause”, says a report by Kotak Economic Research...
Mar 19, 2018
The RBI has barred banks from issuing letters of undertaking (LoUs), the instruments used by Nirav Modi and Mehul Choksi to perpetrate the over $2 billion PNB fraud. RBI also barred lenders...
Mar 14, 2018
The next move of the Monetary Policy Committee will be a rate hike, however, it is unlikely to opt for a rate hike in a jiffy, says a Morgan Stanley report. It says that the decision to...
Feb 26, 2018
The RBI is reviewing its process for allowing companies to raise money overseas due to concern that any increase in rupee volatility may hurt borrowers’ ability to repay debt, a person familiar...
Feb 21, 2018
The Government of India has written a letter to the Reserve Bank of India (RBI) asking if the regulator managed to detect the alleged fraud by PNB staff at any stage, which had been going on for...
Feb 20, 2018
The government has taken several measures to bring financial inclusion, though a lot more needs to be done to achieve this goal, the government's Chief Economic Advisor Arvind Subramanian has said...
Feb 15, 2018
The banks might hike interest rates, given the risks such as surging bond yields and more provisioning requirements depleting profit margin. The move will be against Reserve Bank of India's...
Feb 09, 2018
The Reserve Bank of India (RBI), on Wednesday, said it will link the base rate for loans with the marginal cost of funds-based lending rate (MCLR) from the next fiscal year. The move is aimed...
Feb 08, 2018
The implementation of Indian Accounting Standards (IndAS) for banks may be postponed by the government and RBI because of the legislative changes and additional capital requirements of the process...
Jan 22, 2018
The disruptions caused by GST and demonetisation are set to fade out in 2017 and the country's economy will record higher growth over they year, said a report by HSBC. The report said India's...
Jan 03, 2018
The Ministry of Finance today cautioned people against investing in virtual currencies such as bitcoin. It compared these currencies with ponzi schemes. In an official statement, the...
Dec 29, 2017
The IMF, in its Financial System Stability Assessment (FSSA) for India, has suggested that India needs to strengthen the RBI’s independence to help it pro-actively supervise banks and deal with...
Dec 21, 2017
The planned Rs 2.1 lakh crore fund infusion for state-run banks “will be reform and a recap package and not just a recap package,” RBI Governor Urjit Patel said on Wednesday. Notably, the...
Dec 07, 2017