Updated on Aug 17, 2018 16:51:29

 

 

Must Read-2 > R.B.I.

 

05-Jun-2018 Mumbai

RBI's policy review, macro-data depress equity indices

Caution ahead of the RBI's monetary policy review, along with negative macro-economic data point, depressed the key Indian equity indices on Tuesday.According to market observers, heavy selling pressure was witnessed in the capital goods, consumer durables and...

04-Jun-2018 Jammu

RBI launches Financial Literacy Week-2018

Regional office of Reserve Bank of India has inaugurated Financial Literacy Week-2018 under the theme “Customer Protection”.Regional Director RBI, Thomas Mathew, General Manager RBI Ashok Kumar Mattu, Chairman & CEO J&K Bank Parvez Ahmad, DGM NABARD Geeta...

31-May-2018 Jammu

RBI braces up for observing ‘financial Literacy Week’

The Reserve Bank of India is all set to observe Financial Literacy Week 2018 from June 4 to 8, 2018 with "Consumer Protection" as the theme.As per RBI spokesperson, with the  aim of furthering financial literacy and thereby creating awareness on key...

10-Apr-2018 Chandigarh

RBI Clears Rs. 18124.85 Crore Ccl For Punjab For Current Rabi Season

The Reserve Bank of India (RBI) on Tuesday cleared a sum of Rs.18124.85 Crore towards Cash Credit Limit (CCL) for Punjab for the purchase of wheat in the ongoing rabi marketing season.With this, the bulk of the total CCL of Rs. 21179.60 Crore sought by the...

06-Apr-2018 New Delhi

PNB fraud: CBI questions former RBI Deputy Governor

The CBI on Friday questioned the Reserve Bank of India's (RBI) former Deputy Governor Harun Rashid Khan in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said.Informed...

05-Apr-2018 Mumbai

RBI holds repo rate at 6%, lowers 2018-19 inflation forecast

The RBI on Thursday maintained the status quo on its key short-term lending rate at 6 per cent, along with its 'neutral' stance, at the first bi-monthly monetary policy review of the new fiscal, even as both government and India Inc described the move "as...

05-Apr-2018 Mumbai

RBI bars regulated entities from dealing in cryptocurrencies

In a bid to protect consumers and curb evils like money laundering, the RBI on Thursday barred all regulated entities, including banks, from dealing in virtual currencies like bitcoins, following its earlier multiple warnings on their risks.Regulated entities...

03-Apr-2018 Mumbai

Jio Payments Bank Limited commences operations : RBI

Reserve Bank of India (RBI) on Tuesday said that Jio Payments Bank Limited has commenced operations with effect from April 3, 2018."The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business...

10-Feb-2018 New Delhi

RBI, SEBI need to take cognisance of market volatility : Urjit Patel

Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said the apex bank and the market regulator Securities and Exchange Board of India (SEBI) need to be cognisant of the equity market volatility for risk assessement."In the last few days, there has...

21-Jan-2018 Mumbai

Set-up online platform for NPA sales: RBI's Acharya

Reserve Bank of India's (RBI) Deputy Governor Viral Acharya has suggested that banks, asset reconstruction companies and credit rating agencies can come together to set-up an online platform for sale of NPAs (non-performing assets) in India.According to Acharya,...

19-Jan-2018 Mumbai

Mauritius largest FDI source in 2016-17: RBI

A census conducted by the Reserve Bank of India (RBI) on Friday showed that Mauritius was the largest source of FDI in India, followed by the US and the UK in 2016-17.The revelation was made in RBI's data on "Census on Foreign Liabilities and Assets of...

05-Jan-2018 Mumbai

RBI to issue new Rs 10 notes with Konark Sun Temple motif

The country will shortly have new Rs 10 denomination notes in circulation, the Reserve Bank of India (RBI) announced on Friday.The new Rs 10 note in the Mahatma Gandhi series is designed in the base colour of chocolate brown and has the motif of the Konark...

22-Dec-2017 Mumbai

RBI denies any state-run banks to be closed down

The Reserve Bank of India (RBI) on Friday dismissed, as rumours, reports circulating in the media on the closure of certain public sector banks (PSBs) in the wake of their recently being placed under central bank's Prompt Corrective Action (PCA) framework.The...

20-Dec-2017 Mumbai

RBI places Bank of India under PCA framework

The Reserve Bank of India (RBI) has initiated "prompt corrective action" (PCA) measures against state-run lender Bank of India in the view of its high non-performing assets (NPAs).According to a BSE filing, the RBI placed the lender under PCA on Tuesday,...

13-Dec-2017 New Delhi

RBI imposes Rs 3 cr penalty on IndusInd Bank

The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on IndusInd Bank for non-compliance with its directions on "Income Recognition and Asset Classification" (IRAC) norms and contravention of regulatory restrictions pertaining to non-fund...

11-Dec-2017 New Delhi

Financial stability, inclusion go together : Bimal Jalan

Programmes of financial inclusion are part of the larger financial system, the stability of which is essential to the success of the inclusive initiatives, a former Reserve Bank of India (RBI) Governor said on Monday.Noting that financial inclusion has to go hand...

06-Dec-2017 Mumbai

RBI maintains key rates, GVA projection, concerned over inflation

In its penultimate monetary policy review of the fiscal, the RBI on Wednesday maintained status quo on key lending rates while citing concerns over rising inflation. It also retained economic growth projection for the 2017-18 fiscal.The Reserve Bank of...

04-Dec-2017 Mumbai

RBI expected to hold key interest rate on Wednesday

The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged at its penultimate monetary policy review of the fiscal on Wednesday owing to higher inflation in October and a surge in oil prices, even as the reversal in the decline of...

26-Nov-2017 New Delhi

Populist nationalism damages economic growth: Raghuram Rajan

 Populist nationalism is potentially quite damaging to economic growth, and which is often articulated as the majority community's feelings of aggravation at being discriminated against, former RBI Governor Raghuram Rajan said on Sunday.In a conversation, the...

03-Nov-2017 New Delhi

RBI insolvency move to resolve NPAs not correct : Y.V. Reddy

 The Reserve Bank of India's (RBI) move to direct banks to take the major debt defaulters through the route of insolvency in order to tackle non-performing assets (NPAs) was principally "not correct", former RBI Governor Y.V. Reddy said on Friday."It is essentially...

25-Oct-2017 Mumbai

Bank recapitalisation monumental step to save economy : Urjit Patel

The government's Rs. 2.11 lakh crore plan to recapitalise public sector banks is a major step to restore the banking system's health and safeguard the countrys economic future, RBI Governor Urjit Patel said on Wednesday."The government's decisive package...

24-Oct-2017 Mumbai

RBI fines Yes Bank Rs 6 cr, IDFC Bank Rs 2 cr for non-compliance

The Reserve Bank of India (RBI) on Tuesday announced it has imposed a penalty of Rs 6 crore on Yes Bank and fined IDFC Bank Rs 2 crore for not complying with the directions of the central bank.While Yes Bank delayed reporting an information security incident...

04-Oct-2017 Mumbai

RBI lowers 2017-18 growth projection to 6.7 per cent

 The Reserve Bank of India (RBI) on Wednesday lowered the country's growth projection for 2017-18, pegging the gross value added (GVA) to fall to 6.3 per cent.The central bank had earlier estimated India's GVA in 2017-18 to grow at 7.3 per cent.Taking into...

02-Oct-2017 Mumbai

Reserve Bank of India may opt for status quo on rates

The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged in its next monetary policy review on Wednesday, in view of the consumer price index (CPI) inflation in August shooting up to 3.36 per cent, according to latest official...

08-Sep-2017 Mumbai

Raghuram Rajan seeks more autonomy to public sector bank boards

Former RBI Governor Raghuram Rajan on Friday called for more autonomy to the boards of public sector banks (PSBs) to make them independent of government shackles.For this, he said the various layers of the government must be removed from the appointment processes...

07-Sep-2017 New Delhi

I may have resigned if note ban was thrust: Raghuram Rajan

Former RBI Governor Raghuram Rajan said on Thursday that he would have resigned if the demonetisation decision was thrust on him but made it clear that the government can bypass the central bank if it wants to push ahead with such a decision."It (demonetisation)...

05-Sep-2017 chennai

As RBI chief, faced no government interference: Raghuram Raja

Speaking of the government's relations with the Reserve Bank of India (RBI), former RBI Governor Raghuram Rajan on Tuesday said that personally he had enjoyed a substantial degree of independence from any interference in his functioning."I basically had a fair...

03-Sep-2017 New Delhi

Slowdown of credit pre-dates banks drive against NPAs : Raghuram Rajan

The slowdown of credit growth in India is not the fallout of state-run banks attempting to resolve their massive non-performing assets (NPAs), or bad loans, problems and pre-dates the recent efforts by banks to clean up their balance sheets, former RBI Governor...

03-Sep-2017 New Delhi

It may take ATMs three months to dispense Rs 200 notes

While the RBI launched the 200-rupee note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of recalibration.Some banks have even asked the ATM companies to begin testing...

24-Aug-2017 Mumbai

Rs 200 notes to be issued on Friday: Reserve Bank of India

The new Rs 200 notes will be in circulation from Friday, the Reserve Bank of India (RBI) announced on Thursday.The Rs 200 denomination banknote in the Mahatma Gandhi (New) series will bear the signature of RBI Governor Urjit R. Patel and will be initially...

13-Aug-2017 New Delhi

Post note ban, why were new Rs 500 notes late in coming?

Two days after the demonetisation on November 8 last year, the new 2,000-rupee note hit the market in good numbers but the new 500-rupee note took a long time in coming, putting millions of people in difficulty for days on end.Have you ever wondered why...

02-Aug-2017 Mumbai

RBI forms group to improve marginal cost of lending rate system

The Reserve Bank of India (RBI) has constituted an internal group to study the marginal cost of lending rate (MCLR) system for commercial banks designed to improve monetary policy transmission, RBI Deputy Governor Viral Acharya said on Wednesday."The experience...

view more >>

 

 

 

Photo Gallery

 

 

Video Gallery