Reserve Bank

RBI's MPC meets next week amid urgency to revive growth

RBI's MPC meets next week amid urgency to revive growth

Mumbai: The Reserve Bank's rate-setting Monetary Policy Committee (MPC) will meet next week to decide on the policy stance amid the urgen...Read More

RBI may go in for further 25 bps rate cut, feel experts

RBI may go in for further 25 bps rate cut, feel experts

Mumbai: The Reserve Bank is likely to go in for a minimum 25 basis points cut in key lending rate in the forthcoming monetary policy revi...Read More

Hedge fund Route One gets RBI nod to double stake in Indusind Bank to 10%

Hedge fund Route One gets RBI nod to double stake in Indusind Bank to 10%

Mumbai: Hedge fund Route One Investment Company will be doubling its stake in Indusind Bank to 10 per cent, the private sector lender sai...Read More

Non-food credit growth slows to 6.8% in May

Non-food credit growth slows to 6.8% in May

The outstanding incremental non-food credit stood at Rs 90.3 lakh crore as of May 22, 2020, as against Rs 84.51 lakh crore on May 24, 2019.

Centre's financial stimulus 'not sufficient'; fiscal deficit may go up to 14%: Subbarao

Centre's financial stimulus 'not sufficient'; fiscal deficit may go up to 14%: Subbarao

Former RBI Governor Duvvuri Subbarao said the Centre needs to cap its borrowings as the open ended borrowings will have negative consequ...Read More

Issue price for FY21 sovereign gold
bond 2nd tranche Rs 4,590/gm

Issue price for FY21 sovereign gold bond 2nd tranche Rs 4,590/gm

The Sovereign Gold Bond Scheme 2020-21-Series II will be opened for subscription from May 11, 2020 to May 15, 2020.

RBI Governor to hold meeting with bank chiefs on Saturday

RBI Governor to hold meeting with bank chiefs on Saturday

New Delhi: Reserve Bank Governor Shaktikanta Das has called a meeting with bank chiefs on Saturday to take stock of the financial sector ...Read More

Reserve Bank blasts credit rating agencies

Reserve Bank blasts credit rating agencies

It can be noted that rating agencies have been largely blamed for their lax policies and oversight for the 2008 global financial crisis

SEBI tightens norms for listed banks on bad loan disclosures

SEBI tightens norms for listed banks on bad loan disclosures

New Delhi: Markets regulator Sebi on Thursday asked all listed banks to make disclosures about any divergence in provisioning of bad loan...Read More

PMC scam points to the urgent need to massively increase insurance cover to Rs 1 lakh: Report

PMC scam points to the urgent need to massively increase insurance cover to Rs 1 lakh: Report

Mumbai: The Punjab & Maharashtra Cooperative Bank (PMC) scam points to the urgent need to massively increase the depositor insurance ...Read More

RBI must remove limits on withdrawal, stringent rules: Plea in HC

RBI must remove limits on withdrawal, stringent rules: Plea in HC

The bank’s customers and an NGO, have urged the HC to set aside the withdrawal limit imposed upon them by the Reserve Bank (RBI).

Tax rates now comparable to US; hope growth gets a fillip: Piyush Goyal

Tax rates now comparable to US; hope growth gets a fillip: Piyush Goyal

Goyal named large tax payers like Wipro, Infosys and Coal India, which do not seek any exemptions, as significant beneficiaries of the ta...Read More

Digital economy? Currency in circulation soars 17 per cent in FY19

Digital economy? Currency in circulation soars 17 per cent in FY19

Despite the many an effort to shift to digital payments and usher in a digital payment economy, the currency in circulation has jumped by...Read More

‘More forced lending to NBFCs can land banks in trouble’

‘More forced lending to NBFCs can land banks in trouble’

The recent steps by the Reserve Bank to encourage banks to increase lending to non-banking finance companies and retail borrowers are lik...Read More

Sanyal, Patra, Ranade? Buzz on RBI’s pick

Sanyal, Patra, Ranade? Buzz on RBI’s pick

A day after the Reserve Bank announced the resignation of deputy governor Viral Acharya, the central bank's employees association has cal...Read More

‘RBI draft liquidity norms may put pressure on NBFCs margins’

‘RBI draft liquidity norms may put pressure on NBFCs margins’

New Delhi: The draft liquidity norms for the non-banking financial companies (NBFCs) announced by the Reserve Bank will put pressure on t...Read More

RBI to infuse Rs 15,000 crore next month

RBI to infuse Rs 15,000 crore next month

Mumbai: The Reserve Bank said it will inject Rs 15,000 crore into the financial system next month through purchase of government bonds vi...Read More

RBI asks large NBFCs to appoint CROs

RBI asks large NBFCs to appoint CROs

Mumbai: The Reserve Bank asked NBFCs with asset size of over Rs 5,000 crore to appoint board-approved chief risk officer (CRO) with adequ...Read More

RBI warns of fiscal slippage

RBI warns of fiscal slippage

Mumbai: The Reserve Bank on Wednesday warned of the rising risks to fiscal consolidation of the states as their finances are saddled with...Read More

Bimal Jalan panel may recommend lowering of capital reserves

Bimal Jalan panel may recommend lowering of capital reserves

Mumbai: The former Reserve Bank governor Bimal Jalan-led panel reviewing the economic capital framework may be in favour of lowering of R...Read More

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