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RBI directs RTGS participants to use correct transaction code

RBI said some of the RTGS participants were using the transaction code alloted to customers for settling their own account transfers.

RBI panel moots centralised bill payment system

The RBI has sought comments on the Report of the GIRO Advisory Group till May 25.

RBI likely to be in pause mode till Dec: BofA-ML

The RBI's target is to ease retail inflation, as measured by the Consumer Price Index, to 8 percent by January 2015 and 6 percent by January 2016.

Analysts welcome bank licences for Bandhan, IDFC

"This is an excellent decision though we could have seen one or two more, but this an excellent beginning," said Ashvin Parekh, promoter of Ashvin Parekh Advisory Services, talking to PTI over phone from Singapore.

RBI says banks do not need to cut HTM holdings for now

Earlier in the day, Khan had created confusion in markets after he was asked by an analyst during a teleconference about a temporary waiver from a rule that banks bring down the ratio of debt under the held-to-maturity (HTM) category to 23 percent.

Large foreign banks need to be responsive to local norms: RBI

"At some time this (wholly-owned subsidiary route) will have to become a regulatory issue and to ensure the banking sector stability, we need our large foreign entities to be responsive to the regulations here," Rajan told reporters at the customary post-policy meeting here.

Post EC nod analysts feel RBI will soon grant bank licences

Analysts believe the RBI will give licences to only a few aspirants in the current phase. There are 25 applicants in the fray for new bank licences.

RBI gets EC approval to grant new bank licences

The approval came after the RBI missed the March-end deadline for issuing the first bank licence in almost a decade.

Election Commission allows RBI to announce new bank licences

"The commission is of the view that Reserve Bank of India may take necessary action as deemed appropriate by the Bank," election commission said regarding the central bank`s query.

Give customers a free copy of credit profile: RBI

The move would also help detect identity theft at an early stage, it added.

RBI likely to issue few bank licences: Chidambaram

The model code of conduct has come into force with the announcement of general election from Wednesday.

RBI imposes Rs 5-lakh penalty on two banks

RBI said Bijnor Urban Co-operative Bank, Bijnor, Uttar Pradesh violated norms by "sanctioning loans and advances to Directors and their relatives" in addition to KYC rules.

RBI should adopt new CPI for anchoring monetary policy: Panel

The committee also set the inflation target at 4 percent with a band of plus or minus 2 percent around it.

RBI net buyer of dollars in Nov

RBI net buyer of dollars in Nov

Banks' exposure to qualifying clearing house outside 15% norm

The exposure limit applicable to a single borrower or counterparty is 15 percent of the capital funds of the bank.

Swap windows prop forex kitty by $5.04 bn: RBI

As of November 29, the forex kitty swelled by USD 5.04 billion at USD 291.3 billion, the Reserve Bank said today.

RBI extends deregulated NRE deposit schemes till Jan 31

The deregulated interest rate scheme on non-resident- external rupee deposits will remain unchanged until January 31, 2014, subject to review, the RBI said in a notification.

RBI widens infra sector lending sub-category

RBI said that the new sub-sectors will get classified as 'infrastructure' for the purpose of lending by banks.

Loan recast has gone "out of control": RBI official

"Till March 2011, things were manageable. We had around Rs 1.1 lakh crore in recast loans, but now if you see, things are quite out of control. It has gone up to Rs 2.7 lakh crore," he said at the annual Bancon here.

RBI for tightening vigil to check revenue leakage

"Considering the prevalent situation in which public institutions are not performing with optimal efficiency leading to leakage of revenue as well as financial losses, there is an immediate need to strengthen institutional control mechanisms, particularly in respect of banks, financial institutions and PSUs organisations," he said.