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NSDL hopes to launch payments bank by May

NSDL hopes to launch payments bank by May

NSDL on Wednesday said it has applied to the Reserve Bank for the final licence for its payments bank and is aiming to launch the entity by May.

Arun Jaitley to chair high-level meet on bank NPAs today

Arun Jaitley to chair high-level meet on bank NPAs today

The meeting, which will also be attended by Financial Services Secretary Anjuly Chib Duggal, will discuss ways of resolution of stressed assets urgently.

New Rs 10 notes with more security coming soon

New Rs 10 notes with more security coming soon

Check out the features of the soon-to-be-launched Rs 10 currency notes.

RBI allows multilateral FIs to invest in masala bonds

RBI allows multilateral FIs to invest in masala bonds

Reserve Bank on Thursday permitted multilateral financial institutions to invest in rupee denominated bonds popularly known as 'masala bonds' issued by Indian entities.

RBI to set up panel on strengthening cyber security

RBI to set up panel on strengthening cyber security

In a bid to strengthen cyber security system, the Reserve Bank (RBI) today decided to set up an inter-disciplinary panel on cyber security to examine various threats and suggest measures to deal with it.

RBI issued financial stability report

RBI issued financial stability report. Watch this special segment and get to know more here.

'RBI may cut rate by 0.25% as inflation target within reach'

'RBI may cut rate by 0.25% as inflation target within reach'

The Monetary Policy Committee headed by RBI Governor Urjit Patel last month cut benchmark interest rates by 0.25 percent to 6.25 percent.

Maharashtra Government announces all state roads to be toll-free till November 11 midnight

It said that the decision has been taken to ease commuter discomfort in the wake of the demonetisation of currency notes in the denomination of Rs.500 and Rs.1000.

RBI to soon come out with norms on one-time settlement for debt ridden sectors

RBI to soon come out with norms on one-time settlement for debt ridden sectors

In order to provide breather to construction sector, the Reserve Bank is likely to come out soon with detailed norms for one-time settlement of loans in line with the Cabinet decision.

RBI may infuse Rs 55,000 cr via through open market operations

RBI may infuse Rs 55,000 cr via through open market operations

With an objective of keeping liquidity at neutral level, Reserve Bank is likely to infuse Rs 55,000 crore through open market operations (OMO) in the second half of this financial year

Foreign exchange reserves dip by $1.5 bn to $366.13 bn

In the previous week, the reserves had decreased by USD 4.343 billion to USD 367.646 billion.

RBI to cut more rates next year, says CLSA's Wood

The Reserve Bank of India`s decision in the credit policy to cut the repo rate by 25 basis points and lower the target for real interest rate suggests that significantly easier monetary policy is coming, says Chris Wood, the author of CLSA`s newsletter GREED and fear.

RBI shifts monetary policy timing; decision to be announced at 2.30 pm

RBI shifts monetary policy timing; decision to be announced at 2.30 pm

For long, the central bank has been unveiling the monetary policy at 11 am.

Mundra flags concern over 'leaderless banks', calls for revamp

Mundra flags concern over 'leaderless banks', calls for revamp

Concerned over large number of retirements of senior officials at public sector banks (PSBs) in the near future, Reserve Bank Deputy Governor SS Mundra on Wednesday pressed for the need to focus on HR management and said there cannot be a "leaderless bank".

Mundra downplays money deposit issue on zero-balance accounts

Mundra downplays money deposit issue on zero-balance accounts

Terming instances of banks depositing money to reduce the number of accounts with zero balances as not a criminal act, Reserve Bank Deputy Governor S S Mundra on Monday said such stray incidents should not distract from the larger cause of financial inclusion.

RBI sets up working group on hedging of commodity price risk

RBI sets up working group on hedging of commodity price risk

Reserve Bank has set up a working group to review the guidelines for hedging of commodity price risk by residents in the overseas market amid rising volumes of cross-border trade.

 FPIs stay bullish on equities; pump in Rs 9,000 crore in August

FPIs stay bullish on equities; pump in Rs 9,000 crore in August

Overseas investors infused over Rs 9,000 crore into the country's equity markets in August, driven by global and domestic factors.

RBI, govt exploring introduction of interest-free banking

RBI, govt exploring introduction of interest-free banking

Reserve Bank and the government are exploring introduction of interest-free banking, also known as Islamic Banking, to financially include sections of the society that remains excluded due to religious reasons.

Masala bonds to ease capital constraints for banks: Fitch

Masala bonds to ease capital constraints for banks: Fitch

RBI's move to allow banks to issue masala bonds will remove obstacles for lenders in accessing additional tier I (AT1) and tier II bond capital and also widen the investors pool, says Fitch.

Not much shift in RBI policy ahead, 0.25% cut likely: Report

Not much shift in RBI policy ahead, 0.25% cut likely: Report

With the government setting inflation target at 4 percent, the Reserve Bank is unlikely to make much shift in its stance going forward and may go for a 25 bps cut in the second half of the fiscal.