Latest Articles in rbi
RBI's Shaktikanta Das Says Change In Stance As Good As Additional 25 BPS Rate Cut: Reports
"We have reduced policy rates by 75 bps and we have shifted to accommodative. And shifting of the stance to accommodative itself means a rate cut of 25 bps at least", quoted Governor Shaktikanta Das.
Read MoreIndian Banks' Loans Rise 12% Y/Y In Fortnight To July 5: RBI
Outstanding loans rose 487.8 billion rupees ($7.09 billion)to 96.98 trillion rupees in the two weeks ended July 5.
Read More
RBI Governor Urjit Patel Resigns, Cites Personal Reasons
Patel was appointed the 24th Governor of the RBI on September, 2016 for a three-year term
Read More
YES Asset Management Receives Approval To Launch Two Mutual Fund Schemes
The approval is subsequent to the Reserve Bank of India’s (RBI) approval granted to YES BANK to sponsor a Mutual Fund followed by SEBI’s in-principle approval received subsequently
Read More
RBI Move To Boost Banks' Lending Ability Up To USD 42 Billion: Sources
The RBI agreed to extend a deadline for lenders to further lift capital conservation buffers, by a year to March 31, 2020, at its board meeting on Monday
Read More
Modi Government, RBI Set For Uneasy Truce: Sources
The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources
Read More
Bulls Make A Comeback As Government Allays Fears On RBI Issue
Stock markets were apprehensive after the government and RBI spat became public following a speech by RBI’s Deputy Governor Viral Acharya where he mentioned that the RBI’s autonomy should be maintained at all costs and government
Read More
Finance Minister Arun Jaitley Criticises RBI For Lending Excess
“The central bank looked the other way when banks gave loans indiscriminately during 2008 to 2014,” Jaitley said while speaking at an event in New Delhi
Read More
RBI Lays Out Rules To Make Mobile Wallet Payments Seamless
Digital wallet companies, if they so desire, can now use a state-backed payments network that makes peer-to-peer payments instant, to make wallets inter-operable, the Reserve Bank of India said on Tuesday
Read More
High-Level Panel To Decide On Invoking Section 7 Of RBI Act: Secy
Under Section 7 of the Reserve Bank of India Act, 1934, “the central government may from time to time give such directions to the bank as it may, after consultation with the governor of the bank, consider necessary in the public interest”
Read More
99.3 Percent Of Demonetised Currency Returned To Banks: RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned
Read MoreFall In CPI Likely To Ease Pressure On Rupee And Pause The Rate Hike Cycle
"With the recent inflation data being favourable, there has not been any material change in the Indian economy’s base parameters. The current drop in Rupee is mainly due to the crisis in Turkey," said Salil Datar, CEO & Executive Director, Essel Finance VKC Forex
Read More
RBI Raises Interest Rate By 0.25 Percent On Inflationary Concerns
The reverse repo rate, at which it borrows from banks, was also raised by similar proportion to 6.25 per cent
Read More
RBI Likely To Raise Interest Rates Today To Strike A Balance Between Inflation And Growth
If the RBI increases the rates by 25 basis points, it would be the first time since October 2013 that the central bank has hiked borrowing costs at two consecutive policy meetings
Read More
Rupee Breaches 69 Per Dollar Level; Traders Await RBI Support
The partially convertible rupee was trading at 68.92/93 to the dollar at 0542 GMT, after hitting a life low of 69.0950 earlier in the session, and sharply lower than its previous close of 68.65/66.
Read More