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Reserve Bank of India

What caused RBI to shift from convention on rate cut

RBI Governor Shaktikanta Das, according to the minutes of the meeting released on Wednesday, said that "the economy needs a larger push" and a reduction in the policy repo rate by conventional 25 bps will be inadequate.

Aug 22, 2019, 11:12 AM IST

Risk burning monetary policy room by 35 bps cut: MPC member

At its last bi-monthly monetary policy review meeting here earlier this month, the Reserve Bank of India's (RBI) MPC voted by a 4:2 margin to cut its repo, or short-term lending rate for commercial banks, by an unprecedented 35 bps to 5.40 per cent.

Aug 22, 2019, 11:06 AM IST

Amid slowdown, RBI Governor hints at softer approach on rates

In his inaugural address at the Indian Banks' Association annual flagship conference, FIBAC 2019, here, the Reserve Bank of India (RBI) Governor also said the real test for public sector banks (PSBs) is their ability to tap the capital market to raise funds.

Aug 19, 2019, 16:03 PM IST

Be careful while installing remote desktop app

The Reserve Bank of India (RBI) earlier this year even alerted banks and payment systems operators against use of such applications.

Aug 16, 2019, 14:53 PM IST

Jalan panel readies report on RBI surplus transfer to government

The transfer of the Reserve Bank of India`s (RBI) surplus to the government would be done in a phased manner as is the practice, sources said.

Aug 14, 2019, 17:31 PM IST

RBI releases guidelines for lending by banks to NBFCs for On-Lending

RBI said, Bank credit to NBFCs for On-Lending will be allowed upto a limit of five percent of individual bank’s total priority sector lending on an ongoing basis.

Aug 14, 2019, 10:49 AM IST

State Bank of India cuts home loan interest rates across all tenors

SBI said that marginal cost of fund based lending rate (MCLR) will be reduced by 15 basis points across all tenors and the revised rates will be effective from August 10.

Aug 07, 2019, 14:46 PM IST

RBI committee recommends revision of loan limit for MSMEs, SHGs

The Committee has also recommended revision of loan limit sanctioned under MUDRA to Rs 20 lakh from Rs 10 lakh, he added.

Jul 26, 2019, 12:46 PM IST

Bank lending to non-bank firms set to gather pace: Shaktikanta Das

The central bank was closely monitoring and scrutinising the top 50 NBFCs, and had a good understanding of what were the numbers and cash flows of these firms, Das was quoted as saying.

Jul 26, 2019, 11:13 AM IST

Rise in government borrowing can weigh on corporate sector: RBI Dy Governor Viral Acharya

In a lecture shared by the RBI late on Monday, Acharya said India`s borrowing relative to its output has ranged from 67% to 85% since 2000 and has outpaced many emerging markets including China.

Jul 23, 2019, 10:20 AM IST

No blanket crypto trading ban yet in India

Responding to questions in the Rajya Sabha on whether the government has prohibited cryptocurrency in the country, Minister of State for Finance and Corporate Affairs Anurag Thakur this week said the answer was no.

Jul 22, 2019, 17:41 PM IST

RBI's change in stance as good as additional 25 bps rate cut: Shaktikanta Das

While the RBI has cut rates 75 bps since the start of 2019, banks have only eased their key rate by 15-20 bps.

Jul 22, 2019, 10:21 AM IST

RBI IWG recommends extension of OTC forex, exchange traded currency derivatives market hours

An internal working group was set up last year to study the current timings of various financial markets regulated by the Reserve Bank, including instruments traded on exchanges.

Jul 11, 2019, 11:30 AM IST

RBI to regulate housing finance firms, review assets

The housing finance companies, which are part of the broader shadow banking sector known as non-banking finance companies (NBFCs), are currently regulated by the National Housing Board, and the central bank has no direct authority over them.

Jul 03, 2019, 17:52 PM IST

NS Vishwanathan re-appointed RBI Deputy Governor

Vishwanathan is one of the three Deputy Governors, besides B.P. Kanungo and M.K. Jain, at the central bank.

Jul 01, 2019, 17:56 PM IST

RBI asks banks, people to accept coins of all denominations

Presently, coins of 50 paise, Re 1, Rs 2, Rs 5 and Rs 10 denomination of various sizes, theme and design are in circulation.

Jun 28, 2019, 11:15 AM IST

Reserve Bank of India releases 19th issue of Financial Stability Report

The Central Bank said that India’s financial system remains stable in the backdrop of improving resilience of the banking sector, even though the emerging trends in global economic as also geopolitical environment pose challenges.

Jun 28, 2019, 11:13 AM IST

SBI to have lead bank responsibility in three new districts in Telangana, MP

The SBI will act as the lead bank in the two new districts of Telangana - Mulugu and Narayanpet, and one district in Madhya Pradesh - Niwari.

Jun 21, 2019, 11:41 AM IST

Economic activity clearly losing traction: Das said at MPC meet

Das, as per the minutes of the June 3-6 Monetary Policy Committee, said that since the last meeting of the rate-setting panel in April 2019, greater clarity has emerged about the evolving macroeconomic situation.

Jun 21, 2019, 11:07 AM IST

Forex trading platform for retail participants ready for rollout on August 5: RBI

As a further facility for retail clients, the RBI said no transaction charges will be levied by the CCIL on transactions of customers if the transactions do not exceed USD 50,000 per day.

Jun 21, 2019, 11:05 AM IST