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RBI for independent body for forex benchmark rate

Last Updated: Wednesday, April 16, 2014, 22:13

The Reserve Bank Wednesday suggested setting up of an independent body for recommending benchmark foreign exchange rate to avoid any possibility of manipulation by bankers.

Give benefit of differential rate to MSE sector: RBI to banks

Last Updated: Tuesday, April 15, 2014, 22:14

The Reserve Bank on Tuesday asked banks to give the benefit of differential rate of interest to micro and small enterprises (MSE) on the basis of credit guarantee cover.

RBI to shortly issue Rs 500, Rs 100 notes of 2014 printing yr

Last Updated: Sunday, April 13, 2014, 12:24

RBI said the design of these banknotes will be similar in all respects to Rs 500 and Rs 100 banknotes printed in Mahatma Gandhi series-2005 issued earlier.

FIIs need RBI nod to buy further shares in IndusInd Bank

Last Updated: Thursday, April 10, 2014, 21:21

Foreign investors would now have to get prior permission from the Reserve Bank for buying shares in IndusInd Bank as such investment limit in the entity has reached the trigger limit.

RBI chief Raghuram Rajan urges global crisis ''safety net''

Last Updated: Thursday, April 10, 2014, 21:19

Rajan, a former chief economist at the IMF, repeated his call for central banks to be mindful of the impact of their policies on other countries.

RBI panel recommends benchmark for floating interest rate

Last Updated: Thursday, April 10, 2014, 20:46

A Reserve Bank panel Thursday suggested a benchmark floating interest rate, especially for home loans, to bring greater transparency in the pricing of credit.

RBI panel submits report on pricing of credit by banks

Last Updated: Thursday, April 10, 2014, 18:41

A panel set up by the Reserve Bank of India (RBI) has recommended that banks` base lending rate should be based on the marginal cost of funds if their average deposit tenure is on the lower side.

RBI asks banks to draw up policy for property deals abroad

Last Updated: Thursday, April 10, 2014, 18:34

The Reserve Bank of India has asked banks with offices abroad to formulate a policy for overseas real-estate transactions.

Citibank not keen on subsidiary route in India at this time

Last Updated: Thursday, April 10, 2014, 18:17

Citibank has said it is not keen on converting its branch operations in the country into wholly owned subsidiaries at this time even after incentives offered by the Reserve Bank of India.

Finmin rejects RBI's proposal to bifurcate CMD's post in PSBs

Last Updated: Tuesday, April 08, 2014, 21:31

The Finance Ministry has turned down the Reserve Bank's proposal to bifurcate the post of Chairman and Managing Director in public sector banks saying this position doesn't enjoy absolute powers as is being claimed by some international experts.

RBI liberalises hedging limit for investors up to $250,000

Last Updated: Monday, April 07, 2014, 23:35

The Reserve Bank Monday liberalised hedging limit for domestic investors to USD 250,000 from existing USD 100,000 on the basis of a simple declaration without any requirement of further documentation.

RBI to issue Rs 10 bank notes with Governor Rajan's signature

Last Updated: Monday, April 07, 2014, 21:59

The Reserve Bank of India will soon issue 10-rupee bank notes with the signature of Governor Raghuram Rajan.