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
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 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
Amid reports of Reserve Bank of India (RBI) governor Urjit Patel resigning from his position, the Ministry of Finance has clarified that the autonomy for the central bank, within the framework of...
Oct 31, 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
With surplus liquidity in the banking system, the banks should not rush into increasing their lending and deposit rates despite the Reserve Bank of India raising the benchmark, repo rate, the...
Aug 06, 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
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
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
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
The industry body Assocham has asked the Reserve Bank of India to put in safety mechanism to ensure safety of the data trail that the cryptocurrency can leave, as it changes hands through a range...
Apr 09, 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 (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
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
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 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) has warned banks against risks associated with bitcoin trading, an ET report said. The banks have been asked to step up scrutiny of financial transactions by...
Jan 25, 2018
The Minister for Finance Arun Jaitley is likely to deliver speech to the boards of Sebi and Reserve Bank of India on February 10, a senior official told PTI. It is a practice for the finance...
Jan 22, 2018
If everything goes as planned, the government would repurchase a series of sovereign bonds at least two months earlier than the scheduled maturity in January 2018. The bonds, which offered 6.25...
Nov 10, 2017
The Government of India’s announcement of note ban last year helped unearth about Rs 17,000 crore, held by shell companies across the country. As per Ministry of Corporate Affairs (MCA), data...
Nov 06, 2017
The Reserve Bank of India (RBI) has introduced stricter Know Your Customer (KYC) norms for wallet users. The wallet users have been asked to comply with the full KYC format by the end of this...
Oct 12, 2017
The deposit franchise of public sector banks should be sold off to private sector banks, says Viral Acharya, deputy governor, Reserve Bank of India (RBI). As per him, the pace at which state...
Sep 08, 2017
Now your wallet will have a new currency note! The government on Wednesday notified currency notes of the denomination of Rs 200. “...On the recommendations of the Central Board of Directors...
Aug 24, 2017
Reserve Bank of India (RBI) will introduce Rs 200 currency note starting September. The central bank is issuing this note for the first time in history, which is aimed to tackle the illegal...
Aug 23, 2017
The valuations of VNR Infrastructures and Innoventive Industries have come out to just about 10 per cent of the total loan amounts. This has raised questions if Reserve Bank of India's 50 per...
Aug 23, 2017
In a move likely to hurt the Finance Ministry’s Budget arithmetic, the Reserve Bank of India has halved its dividend payment to the government to Rs 30,659 crore for the year ended June 2017....
Aug 11, 2017
To enable exit of the Reserve Bank of India (RBI) from Nabard and increase authorised capital of the development institution six times to Rs 30,000 crore, a bill has been passed by the Lok Sabha...
Aug 04, 2017
Reserve Bank of India (RBI) will soon direct lenders to set aside 50 per cent of bad debt as soon as a referral happens, and 100 per cent if the tribunal orders liquidation. Taking a heavy...
Jul 26, 2017
Introducing the concept of 'zero liability' and 'limited liability' for bank customers for any online fraud, the Reserve Bank of India (RBI) has made electronic payments safer for consumers...
Jul 07, 2017
The Government of India is likely to provide money to the state-run banks; however, the exact amount will be decided after the first quarter results of banks, a senior finance ministry official...
Jul 07, 2017
Based on its assessment of the embedded value in the top 50 NPA cases, rating agency Crisil has estimated that a 60 per cent haircut would be required on these loan assets. “That would mean banks...
Jun 27, 2017
Banks’ credit growth was up 6.02 per cent to Rs 76,58,212 crore in the fortnight ended 9 June from Rs 72,22,939 crore in the same period of fiscal 2016. The growth advances in the period...
Jun 22, 2017
If you wish to know the actual deposits received by the Reserve Bank of India (RBI) in old notes post-demonetisation, you will have to wait longer! Finance Minister Arun Jaitley has clarified that it...
Jun 06, 2017
Banks in India are saddled with the mounting bad debt. To ease the burden, they have asked Reserve Bank of India to make amendments to the Scheme for Sustainable Structuring of Stressed Assets (S4A...
Jun 01, 2017
The Reserve Bank of India (RBI) has invited applications for the post of Deputy Governor (DG) to succeed S S Mundra, whose term ends in July this year. Mundra was appointed deputy governor on 31...
May 25, 2017
The credit growth of the banks fell to 4.32 per cent in the fortnight to April 28, as per the latest data by Reserve Bank of India. The fall is even lower than the 63-year low level of 5.08...
May 11, 2017
Banks will no longer have to wait for an account to be formally categorized as non-performing to start loan recovery, as per the latest amendments in the banking rules. According to Reserve Bank of...
May 11, 2017
The monetary policy committee (MPC) of Reserve Bank of India (RBI) has suggested up risks to inflation arising from price pressure, excluding food and fuel, as the main reason for keeping its...
Apr 21, 2017
As of March 31, total cash in economy was 26 per cent less as compared with the amount before demonetisation. According to a latest report by Reserve Bank of India (RBI), “the cash and...
Apr 10, 2017
As expected, Reserve Bank of India (RBI) has kept policy interest rates unchanged at 6.25 per cent for a third straight meeting today. The central bank, however, has raised reverse repo rate...
Apr 06, 2017
The Reserve Bank of India will soon be able to deal much more effectively with stressed assets than before as the government is working on legislation to resolve India’s bad loan problem. The...
Apr 04, 2017
The Reserve Bank of India (RBI) is expected to keep key interest rates unchanged on April 6, according to Bank of America-Merrill Lynch (BofAML). However, a rate cut is likely at the August meeting...
Mar 31, 2017
To address the issue of non-performing assets (NPAs) in the banking sector, Finance Minister Arun Jaitley is about to chair a high-level meeting with Reserve Bank of India (RBI) officials today...
Mar 10, 2017
The capital market regulator Sebi is unhappy with Reserve Bank of India’s intervention in the overseas trading of HDFC bank shares. HDFC Bank is a favourite stock of foreign portfolio...
Mar 06, 2017