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Insolvency cases: SS Mundra says firms free to move higher courts

Insolvency cases: SS Mundra says firms free to move higher courts

He also said that RBI is looking at the provisioning norms for the cases that have been or will be referred to IBC for resolution.

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.

RBI to lease currency verification systems to weed out fakes

RBI to lease currency verification systems to weed out fakes

As per the tender document, the currency notes of all denominations received at regional office of the RBI would have to be processed at a minimum speed of 30 notes per second.

FPI holding: Federal Bank, Sintex Plastics under RBI watch

FPI holding: Federal Bank, Sintex Plastics under RBI watch

The boards of both the companies have passed resolutions to hike the limit of foreign investment to up to 74 percent, RBI said.

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.

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.

Low inflation: CEA wants careful look at data by policy makers

Low inflation: CEA wants careful look at data by policy makers

The historically low level of retail inflation at 1.54 percent in June reflects the firm and ongoing consolidation of macro-economic stability, Chief Economic Adviser Arvind Subramanian said on Wednesday, suggesting that all policy makers look at data "very, very carefully".

Banks may have to take 60% haircut on 12 largest NPAs: Crisil

Banks may have to take 60% haircut on 12 largest NPAs: Crisil

The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.

NPA resolution: PMO to review progress on June 19

The Prime Minister's Office has called a meeting of senior officials of the ministries of finance and corporate affairs on Monday to review the progress in resolution of NPAs in the light of recent action taken by the Reserve Bank on stressed assets.

RBI Governor Urjit Patel calls on Jaitley before monetary policy review

Ahead of the next monetary policy review, Reserve Bank Governor Urjit Patel on Friday called on Finance Minister Arun Jaitley and believed to have discussed various macro-economic issues.

Despite RBI caution, 2,500 Indians investing in Bitcoins daily

Despite RBI caution, 2,500 Indians investing in Bitcoins daily

The company said it launched operations in 2015 to simplify bitcoin trade along with providing a seamless experience to Indian audience.

April WPI inflation slips to 3.85% as food prices cool

The index basket of the new series has a total of 697 items, including 117 for primary articles, 16 for fuel and power and 564 for manufactured products.

CPI inflation seen at 4.8% in FY18, fears exaggerated: Report

CPI inflation seen at 4.8% in FY18, fears exaggerated: Report

Since December 2016, WPI inflation is more than CPI inflation, the report said, adding this trend is expected to continue till the fourth quarter of this fiscal.

Forex reserves down $956.4 million to $368.998 billion

Forex reserves down $956.4 million to $368.998 billion

The reserves had increased by $2.022 billion to $369.954 billion in the previous reporting week.

No estimates of undeposited black money in old notes: Govt

There is no official estimate of black money held in scrapped Rs 500 and Rs 1,000 notes that have been left undeposited with banks during the demonetisation period.

Accelerated remonetisation to spur consumer spending: RBI

The Reserve Bank today said accelerated pace of remonetisation will spur consumer spending over the next several quarters pushing growth.

Bankers, analysts hail liquidity management moves; say long overdue

Rana Kapoor of Yes Bank said narrowing of policy rate corridor will help preserve financial stability and in the long run can help bring lending rates down.

RBI promises more effective steps to tackle NPA pains

The former commercial banker cautioned that the current situation will put a pressure on capital for the banks, especially for the state-run ones.

Banking outlet guidelines by month-end: RBI

The Reserve Bank will release by this month end detailed guidelines on "banking outlet", aimed at covering the under-served areas.

RBI deputy governor Kanungo formally takes charge

B.P. Kanungo, a long-serving official with India`s central bank, took over as a deputy governor of the Reserve Bank of India on Monday for a three-year term, overseeing a portfolio including currency management, debt management, and payment and settlements.