Reserve Bank

RBI buys $864 mn of US currency in November

RBI buys $864 mn of US currency in November

In fiscal 2016 too, the central bank was a net buyer of dollar to the tune of USD 10.209 billion.

Jan 11, 2018, 15:26 PM IST
No question of closing down any PSB, says govt & RBI

No question of closing down any PSB, says govt & RBI

The RBI said that under its supervisory framework, it uses various measures/tools to maintain sound financial health of banks.

Dec 22, 2017, 16:56 PM IST
Banks lost nearly Rs 17K cr to frauds last fiscal, says finmin

Banks lost nearly Rs 17K cr to frauds last fiscal, says finmin

The committee reviews, inter alia, threats inherent in the existing or emerging technology, and suggests appropriate policy interventions.

Dec 22, 2017, 16:51 PM IST
RBI allows foreign investors to up stake in Bharat Financial

RBI allows foreign investors to up stake in Bharat Financial

The aggregate foreign shareholding by FPIs under Portfolio Investment Scheme in Bharat Financial Inclusion Limited has gone below the prescribed threshold caution limit.

Dec 06, 2017, 14:29 PM IST

RBI should help govt revive stalled projects: Piyush Goyal

Goyal was speaking on the sidelines of the India Economic Summit of the World Economic Forum (WEF).

Oct 05, 2017, 19:11 PM IST
RBI knives overall growth to 6.7% but says worst behind us

RBI knives overall growth to 6.7% but says worst behind us

The Goods and Services Tax has led to some uncertainty in the manufacturing sector, which is likely to delay revival of investment activity, it said.

Oct 04, 2017, 22:16 PM IST
New foreign portfolio investment norms from April: RBI

New foreign portfolio investment norms from April: RBI

The new norms will facilitate the process of investment and hedging by Foreign Portfolio Investors (FPIs), keeping in view the macro-prudential parameters, said the statement on developmental and regulatory policies by the Reserve Bank of India (RBI).

Oct 04, 2017, 21:12 PM IST
RBI likely to keep policy rate on hold till fiscal-end: Report

RBI likely to keep policy rate on hold till fiscal-end: Report

According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018.

 

Sep 17, 2017, 15:00 PM IST
Growth, inflation to trend higher in next 6-12 months: Nomura

Growth, inflation to trend higher in next 6-12 months: Nomura

Most MPC members voted for a rate cut in August owing to low inflation momentum and signs of weaker growth.

Aug 17, 2017, 14:19 PM IST

GST won't put any pressure on GDP growth, says Rangarajan

Referring to a recent study, he said the total cost of projects initiated by the corporate sector has come down to Rs 0.95 lakh crore (Rs 95,000 crore) in 2015-16 from Rs 5.6 lakh crore in 2009-10.

Aug 11, 2017, 17:28 PM IST

Ensure safety of customers' lockers: RBI to banks

The Reserve Bank has asked banks to ensure customers' lockers remain safe and there is "no negligence" that could render banks liable to claims by locker holders.

Aug 08, 2017, 15:15 PM IST
Equity mutual funds see record Rs 12,727 crore inflow in July

Equity mutual funds see record Rs 12,727 crore inflow in July

The strong inflows have pushed the asset base of equity mutual funds (MFs) by more than 6 percent to Rs 6.3 lakh crore at the end of July from Rs 5.91 lakh crore in the preceding month.

Aug 07, 2017, 15:43 PM IST
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.

Jul 26, 2017, 16:31 PM IST
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.

Jul 23, 2017, 15:35 PM IST
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.

Jul 23, 2017, 12:13 PM IST
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.

Jul 18, 2017, 22:29 PM IST
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.

Jul 17, 2017, 18:41 PM IST
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.

Jul 13, 2017, 22:33 PM IST
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".

Jul 12, 2017, 20:21 PM IST
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.

Jun 26, 2017, 16:46 PM IST