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RBI

MPC members to get Rs 1.5 lakh per meet,disclose assets every year

MPC members to get Rs 1.5 lakh per meet,disclose assets every year

The members appointed by the government would "receive a remuneration of Rs 1,50,000 for devoting time and work for each meeting of the committee. Which they attend and other expenses relating to air travel, local transportation and accommodation as may be decided by the central board from time to time," as per the regulations.

Cleaning of banks' balance sheet top priority: Viral Acharya

Cleaning of banks' balance sheet top priority: Viral Acharya

Last month, he had said that targeted interventions like reducing standard asset provisions for home loans, which will make them cheaper, will help revive the sagging growth rather than rate cuts.

Parliamentary panel likely to finalise report on demonetisation today

Parliamentary panel likely to finalise report on demonetisation today

The Committee had already taken views of RBI Governor Urjit Patel and senior officials of the finance ministry on the government's decision to scrap old Rs 500/1000 notes from November 9 last year.

On day of being appointed RBI assistant manager, Umesh Yadav's house robbed of Rs 45,000 and mobile phones

On day of being appointed RBI assistant manager, Umesh Yadav's house robbed of Rs 45,000 and mobile phones

The incident, coincidentally, took place on the same day when Umesh landed the coveted government job.

'Indian banks need at least $2.8 billion extra provisioning for bankruptcy cases'

'Indian banks need at least $2.8 billion extra provisioning for bankruptcy cases'

Indian banks taking 12 of the country`s largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at least Rs 180 billion ($2.8 billion), India Ratings and Research said on Tuesday.

 

India's current account deficit to widen to 1.3% of GDP in 2017: Nomura

India's current account deficit to widen to 1.3% of GDP in 2017: Nomura

India's current account deficit (CAD) is likely to widen to 1.3 percent of GDP in 2017 from 0.6 percent in 2016, largely owing to stronger domestic growth in the second half of this year, says a Nomura report.

Housing prices up 10.5% in Jan-Mar 2017: RBI

Housing prices up 10.5% in Jan-Mar 2017: RBI

"On an annual basis, the all-India HPI increased by 10.5 percent with Mumbai, Bengaluru, Ahmedabad, Lucknow, Kanpur and Kochi recording double-digit annual growth whereas Chennai witnessed a marginal moderation in housing prices," RBI said in a statement.

RBI pushes 'Make in India' for currency security features

RBI pushes 'Make in India' for currency security features

RBI cancelled two tenders issued earlier for supply of security features and fibre for currency notes in order to incorporate 'Make in India' as an essential requirement.

Rupee ends steady at 64.45 against dollar

Rupee ends steady at 64.45 against dollar

Asian and emerging market currencies breathed a sigh of relief overnight after Fed Chair Janet Yellen indicated monetary policy tightening policy will be gradual.

'Lenders' inclusion under PCA for timely improvement of their performance'

'Lenders' inclusion under PCA for timely improvement of their performance'

The deputy governor expressed strong displeasure on social media messages spreading false information about the future of some of the nine banks under the PCA framework and urged everybody to "apply the mind" while reading those.

Non-executive chairman can be part of bank's audit committee: RBI

Non-executive chairman can be part of bank's audit committee: RBI

Earlier, any one of the non-executive/non-official directors was supposed to chair the audit committee of the board of the directors of a public sector bank.

For first time ever ​Sensex crosses 32,000-mark, Nifty climbs to new high on rate cut hopes

For first time ever ​Sensex crosses 32,000-mark, Nifty climbs to new high on rate cut hopes

The Sensex went past the 32,000-mark for the first time ever soaring over 232 points and the NSE Nifty closed at a new peak 9,892 Thursday as inflation touched a record low, offering the RBI leeway for a policy rate cut.

Parliamentary panel to submit demonetisation report in Monsoon Session

The Parliamentary panel on finance will present its report on demonetisation in the upcoming Monsoon Session and RBI Governor will not be called again on the note ban issue, the committee's chairman M Veerappa Moily said on Wednesday.

Govt to push Banking Regulation Bill in Monsoon Session

Govt to push Banking Regulation Bill in Monsoon Session

The government in May promulgated an ordinance authorising the Reserve Bank to issue directions to banks to initiate insolvency resolution process in case of loan default.

Failed to exchange demonetised notes? You might get another chance in 15 days

Failed to exchange demonetised notes? You might get another chance in 15 days

An SC bench has once again ignited the hope among many people for opening up of a window to exchange demonetised currency for those who could not do so by December 30, 2016 or by March 31.

Demonetisation: SC asks govt whether a window can be provided to deposit banned Rs 500, Rs 1000 notes

Demonetisation: SC asks govt whether a window can be provided to deposit banned Rs 500, Rs 1000 notes

The Supreme Court on Tuesday granted 2-week time to the Centre and the RBI to mull over option to provide window to those who could not deposit demonetised notes due to valid reasons.

RBI to remain open on July 1 to facilitate transactions

RBI to remain open on July 1 to facilitate transactions

Reserve Bank will remain open on July 1 for services such as transfer of funds through NEFT and RTGS from 11 AM onwards.

RBI independent within limits set by government, says Y V Reddy

RBI independent within limits set by government, says Y V Reddy

In a humorous vein, Reddy, who was Governor between 2003 and 2008, recalls what he had said in reply to a journalist`s question on how independent RBI was, when he had just taken over.

Bank stocks witness selling pressure, down up to 5%

Bank stocks witness selling pressure, down up to 5%

Shares of Syndicate Bank plunged 4.97 percent, Punjab National Bank 4.69 per cent, Andhra Bank 4.03 percent, Allahabad Bank 3.88 percent, Bank of Baroda (3.64 percent), SBI (3.27 percent), Union Bank of India (2.83 percent), Bank of Maharashtra (2.63 percent) and AXIS Bank (2.34 percent) on BSE.

 

India Inc's foreign borrowings at $1 billion in May

India Inc's foreign borrowings at $1 billion in May

As per RBI data, of the total in May this year, external commercial borrowings (ECB) and RDBs contributed almost equally at USD 523.95 million and USD 525.76 million respectively.