RBI,

RBI panel on MSME suggests Rs 15,000 cr fund to support industry

The contribution of the sector in the economy is currently constrained due to several challenges affecting growth in the sector

‘Government may use Rs 3 trillion RBI windfall to pay bills’

‘Government may use Rs 3 trillion RBI windfall to pay bills’

The Bimal Jalan committee report, which is delayed, will lead to transfer of under Rs 3 lakh crore trillion (tn) of excess capital from t...Read More

Kerala to seek extension of moratorium on farmers loans till Dec 31

Kerala to seek extension of moratorium on farmers loans till Dec 31

Kerala Chief Minister Pinarayi Vijayan , who attended the meeting, said the state would approach the Reserve Bank, seeking extension of t...Read More

Government refuses to name, shame the defaulters

The process has started with the UCO Bank and already other PSBs have started discussing the issue at the board level so that the managem...Read More

Govt likely to use Rs 3tn RBI windfall to pay regular bills

Govt likely to use Rs 3tn RBI windfall to pay regular bills

The money will come in over three years and is most likely used for regular government spending

Monetary policy could now become formality

Monetary policy could now become formality

Is Prime Minister Narendra Modi’s government encroaching upon the central bank’s independence, so much so that officials prefer to leave ...Read More

Jalan panel on reservesdefers report submission

The RBI has over Rs 9.6 lakh crore surplus capital with it. It is understood that Economic Affairs Secretary Subhash Chandra Garg did not...Read More

Acharya: A strong votary of central banks independence

Acharya: A strong votary of central banks independence

Acharya, who will return to the New York Universitys Stern Business School in August instead of in 2020, felt the RBI has made good progr...Read More

RBI says no power to ask banks to share information on customers with third parties, including investigative agencies: Report

RBI says no power to ask banks to share information on customers with third parties, including investigative agencies: Report

The Reserve Bank of India (RBI), known to be the central banking institution of India, has said that it has no power to ask banks to shar...Read More

RBI's Deputy Governor Viral Acharya resigns six months before his term ends

RBI Deputy Governor Viral Acharya has reportedly resigned six months before the scheduled end of his term. Viral Acharya had batted for c...Read More

RBI: Economic activity clearly losing traction

RBI: Economic activity clearly losing traction

The Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said Reserve Bank of India Go...Read More

RBI solves big problem of 'small change' at Shirdi temple

RBI solves big problem of 'small change' at Shirdi temple

The apex bank has ordered 16 nationalised banks -- where SSST has accounts -- to accept small change offered in the temple coffers by mil...Read More

SBI refuses to disclose any communication from RBI, government

The State Bank of India has refused to disclose any communication it received from the government or the Reserve Bank of India on elector...Read More

Jalan panel to submit report on RBI's capital size by June end

Jalan panel to submit report on RBI's capital size by June end

The Bimal Jalan committee, which is looking into the size of capital reserves that the RBI should hold, will have one more meeting before...Read More

‘Excess RBI cap must be used to recapitalise PSBs’

‘Excess RBI cap must be used to recapitalise PSBs’

The Bimal Jalan panel may recommend transferring up to Rs 3 lakh crore of excess Reserve Bank capital to the government and the money sho...Read More

RBI directs banks to withdraw NEFT system and RTGS system charges with effect from July 1

The Reserve Bank levies "minimum charges" on banks for transactions routed through its RTGS and NEFT, and banks, in turn, levy charges on...Read More

RBI eases no-frills a/c norms

RBI eases no-frills a/c norms

Banks will now provide cheque books and other facilities to basic account holders, with the Reserve Bank of India relaxing the norms on M...Read More

RBI approves R K Chhibber's appointment as interim CMD of J&K Bank

RBI approves R K Chhibber's appointment as interim CMD of J&K Bank

Jammu & Kashmir Bank on Monday said it has received RBI's approval for appointment of R K Chhibber as its interim CMD for three months.

RBI's prudential framework for stressed asset resolution credit positive: Moody's

Moody's Investors Service said the RBI's new prudential framework is 'credit positive', but flagged the slower-than-expected progress of ...Read More

Allahabad Bank chief Ch. S. S. Mallikarjuna Rao: Recovery of Rs 4,000 cr expected through NCLT route in FY 2019-20

Allahabad Bank chief Ch. S. S. Mallikarjuna Rao: Recovery of Rs 4,000 cr expected through NCLT route in FY 2019-20

The Fort office of Allahabad Bank is buzzing with people. While many have come to share their business proposals with Ch. S. S. Mallikarj...Read More

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