Reserve Bank of India

RBI relaxes overdraft facility for state govts; raises maximum OD tenor to 50 days

RBI relaxes overdraft facility for state govts; raises maximum OD tenor to 50 days

The Reserve Bank of India announced relaxations with regard to availment of Overdraft (OD) facilities. This is being done to enable the S...Read More

Indices in green as RBI governor Shaktikanta Das announces makes policy announcements

Indices in green as RBI governor Shaktikanta Das announces makes policy announcements

The benchmark equity indices traded on a positive note on Wednesday as the RBI Governor announced few measures to counter the impact of t...Read More

RBI governor focuses on small borrowers and lenders, health sector institutions in stimulus measures

RBI governor focuses on small borrowers and lenders, health sector institutions in stimulus measures

Small borrowers and lenders, health sector institutions and stability of market liquidity were the key focus areas of the RBI’s policy an...Read More

RBI to make second purchase of G-SEC for Rs 35,000 cr on May 20, says Shaktikanta Das

RBI to make second purchase of G-SEC for Rs 35,000 cr on May 20, says Shaktikanta Das

The Reserve Bank of India is ready to go conventional and take measures to deal with COVID-19, Governor Shaktikanta Das said on Wednesday...Read More

RBI governor announces term liquidity facility of Rs 50,000 cr to boost emergency healthcare

RBI governor announces term liquidity facility of Rs 50,000 cr to boost emergency healthcare

Reserve Bank of India (RBI) Governor Shaktikanta Das announced on-tap special liquidity facility of Rs 50,000 crore to be made available ...Read More

RBI to strengthen risk-based supervision of banks, NBFCs

RBI to strengthen risk-based supervision of banks, NBFCs

The RBI uses the RBS model, including both qualitative and quantitative elements, to supervise banks, urban cooperatives banks, non-banki...Read More

Banks, NBFCs will have to appoint auditors for continuous 3-year period: RBI's new guidelines

Banks, NBFCs will have to appoint auditors for continuous 3-year period: RBI's new guidelines

The Reserve Bank of India on Tuesday issued issued guidelines for appointment of statutory auditors for banks, and non banking financial ...Read More

Lockdowns, travel restrictions could fuel inflation, cautions RBI

Lockdowns, travel restrictions could fuel inflation, cautions RBI

The prolonged restrictions and lockdown in some parts of the country could disrupt supply chains and cause inflationary pressures. The RB...Read More

RBI allows commercial banks to pay up to 50% of pre-COVID dividends

RBI allows commercial banks to pay up to 50% of pre-COVID dividends

On April 22, the Reserve Bank of India (RBI) said in a revised circular that all commercial banks can pay up to 50 percent of what they c...Read More

NBFCs seek extension of MSME restructuring scheme till March 2022

NBFCs seek extension of MSME restructuring scheme till March 2022

In February last year, the Reserve Bank had permitted one-time restructuring of existing MSME advances, classified as 'standard' without ...Read More

8 entities apply under RBI's on tap licensing for setting up banks; Flipkart's co-founder Sachin Bansal has a stake in one of those entities

8 entities apply under RBI's on tap licensing for setting up banks; Flipkart's co-founder Sachin Bansal has a stake in one of those entities

The Reserve Bank on Thursday said it has received four applications each under the guidelines for 'on tap' licensing of universal banks a...Read More

RBI to hold interest rates through FY22: Report

RBI to hold interest rates through FY22: Report

Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 la...Read More

Forex reserves drop by USD 2.415 billion to USD 576.869 billion

Forex reserves drop by USD 2.415 billion to USD 576.869 billion

The country's foreign exchange reserves declined by USD 2.415 billion to stand at USD 576.869 billion in the week ended April 2, RBI data...Read More

RBI policy decision, macro data, COVID-19 trends to drive markets this week: Analysts

RBI policy decision, macro data, COVID-19 trends to drive markets this week: Analysts

They also said that the markets may see some consolidation ahead of the earnings season which would start from mid-April.

Surge in Covid cases may prompt RBI to maintain status quo on rates: Experts

Surge in Covid cases may prompt RBI to maintain status quo on rates: Experts

The Monetary Policy Committee (MPC), RBI's rate-setting panel, is also likely to maintain the policy stance accommodative at the next pol...Read More

India's Q3FY21 current account deficit at $1.7 bn

India's Q3FY21 current account deficit at $1.7 bn

On a YoY basis, the country's Balance of Payment status was in a deficit of $2.6 billion during Q2FY20.

RBI asked to ensure retail inflation remains at 4% till March'26, says top official

RBI asked to ensure retail inflation remains at 4% till March'26, says top official

To control the price rise, the government in 2016 gave a mandate to the RBI to keep the retail inflation at 4 per cent with a margin of 2...Read More

RBI flags major concerns over cryptocurrency

RBI flags major concerns over cryptocurrency

The Governor said that digital currency is one thing and the cryptocurrencies which are being traded in the market is something else.

At USD 36 bn, FPI inflows into equities at record high since FY13: RBI report

At USD 36 bn, FPI inflows into equities at record high since FY13: RBI report

On the other hand, net foreign direct investment inflows jumped to USD 44 billion, till end January, up from USD 36.3 billion a year ago,...Read More

Foreign nationals cannot sell property without RBI nod

Foreign nationals cannot sell property without RBI nod

It, however, said the transactions that have already become final including by virtue of the decision of the court of competent jurisdict...Read More

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