November 20, 2017   
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SBI expects most bad loan cases from RBI list to go to NCLT

Mumbai, Nov 10 (IANS) State-run State Bank of India (SBI) on Friday said it expects most of the cases from the RBI’s second list of large non-performing assets (NPAs) to be referred to the National Company Law Tribunal (NCLT) for resolution under...

RBI asks large borrowers to get identifier code from banks

Mumbai, Nov 3  In a move to improve risk management post the global financial crisis, the RBI on Thursday said it has decided that corporate borrowers having exposure of Rs 50 crore and above will have to mandatorily obtain the 20-digit Legal Entity...

Linking bank accounts with Aadhaar mandatory, it is government’s decision: RBI

New Delhi, Oct 21 (IANS) At a time when customers are rushing to link all their bank accounts with Aadhaar, the Reserve Bank of India (RBI) has clarified that it never issued any such directions, it was the decision of the Indian government. The apex...
Nearly 150,000 jobs at risk due to financial strain on telcos: Estimates

Nearly 150,000 jobs at risk due to financial strain on telcos: Estimates

Mumbai, Oct 6  Nearly 150,000 direct and indirect jobs in India’s debt-ridden and loss-making telecom sector face “clear and present danger” of corporate downsizing, as per industry estimates. At present, the sector is burdened with...
RBI maintains key rates, but eases liquidity

RBI maintains key rates, but eases liquidity

Mumbai, Oct 4 (IANS) Rising inflationary pressure and concerns over “fiscal slippage” prompted India’s central bank, the RBI, on Wednesday to maintain its key lending rates. However, the central bank eased liquidity constraints, and...

RBI maintains key rates, as concerns over inflation, ‘fiscal slippage’ rise

Mumbai, Oct 4  Rising inflationary pressure and concerns over “fiscal slippage” prompted India’s central bank, the RBI, on Wednesday to maintain its key lending rates. According to the Reserve Bank of India’s fourth bi-monthly...

RBI to sell government securities worth Rs 10,000 cr

New Delhi, Sep 30  The Reserve Bank of India (RBI) on Friday announced that it will sell government securities worth Rs 10,000 crore through open market operations (OMO). “Based on the current assessment of prevailing and evolving liquidity conditions,...

Demonetisation: Rs 15.28 lakh cr of banned Rs 15.44 lakh cr returned to system, says RBI

Mumbai, Aug 30 (IANS) Revealing the low efficacy of last November’s demonetisation of high-value currency, the RBI said on Wednesday that of the Rs 15.44 lakh crore of notes taken out of circulation, Rs 15.28 lakh crore had returned to the system...
Rs 200 notes to be issued on Friday: RBI

Rs 200 notes to be issued on Friday: RBI

Mumbai, Aug 24  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...

Inflation to be below RBI’s 4% target by March 2018: Economic Survey

New Delhi, Aug 11 India faces the risk of deflationary impulses owing to stressed agricultural revenues, bad loans, farm loan waivers and the fiscal tightening they would entail, that could push inflation below the Reserve Bank of India’s (RBI)...
RBI to transfer Rs 30,659 crore surplus to government

RBI to transfer Rs 30,659 crore surplus to government

Mumbai, Aug 11  The Reserve Bank of India on Thursday said it will transfer Rs 30,659 crore surplus to the government for the year ended June 30, 2017. The Central Bank which follows the July-June year had transferred Rs 65,876 crore to the government’s...
RBI asks banks to periodically test cyber attack vulnerability

RBI asks banks to periodically test cyber attack vulnerability

New Delhi, Aug 9 The Reserve Bank of India (RBI) has asked commercial banks to periodically conduct vulnerability test to test their cyber security preparedness, the government informed Parliament on Tuesday. “The RBI had issued advisories to banks...

RBI cuts key lending rates by 25 basis points

Mumbai, Aug 2 The Reserve Bank on Wednesday slashed benchmark lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower EMIs for home, auto and personal loans. This is the first rate cut since October...
RBI expected to cut key interest rate on Wednesday

RBI expected to cut key interest rate on Wednesday

Mumbai, Aug 1  With latest macro-economic data showing inflation at a record low and fall in factory output, the Reserve Bank of India (RBI) is expected to reduce its repo, or short term lending rate, at its monetary policy review on Wednesday. At its...
RBI imposes Rs 3 cr penalty on Union Bank for KYC non-compliance

RBI imposes Rs 3 cr penalty on Union Bank for KYC non-compliance

Mumbai, Aug 01  The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs 3 crore on the Union Bank of India for non-compliance of Know Your Customer (KYC) norms. RBI imposed the penalty of Rs 2 crore and Rs 1 crore on July 26 under...

RBI needs to cut interest rate by 25 basis points: Assocham

New Delhi, July 31  Ahead of the Reserve Bank of India’s (RBI) forthcoming monetary policy review next week, industry chamber Assocham has on Sunday urged the apex bank to cut interest rates in view of latest data that shows inflation at a five-year...

RBI removes restrictions on foreign investment in IDFC

Mumbai, June 22  The Reserve Bank of India (RBI) on Wednesday removed restrictions on foreign investments in IDFC. “The foreign shareholding by Foreign Institutional Investors (FIIs), Foreign Portfolios Investors (FPIs) in M/s IDFC Limited have...

DCCBs allowed to deposit demonetised notes with RBI

New Delhi, June 21  The government on Tuesday allowed the RBI to accept demonetised notes collected by District Central Cooperative Banks (DCCBs) immediately after the note ban, a long-time demand of the BJP’s ally Shiv Sena. The gazette notification...

RBI’s move on NPA resolution credit-positive for banks: Moody’s

Mumbai, June 19  Global credit rating agency Moody’s Investors Service on Monday dubbed as ‘credit-positive’ for Indian banks the RBI plans to resolve 12 large bank loan accounts accounting for 25 per cent of the banking system’s...

Current account deficit narrows in 2016-17: RBI

Mumbai, June 16 India’s current account deficit (CAD) narrowed during the last fiscal due to a contraction in the country’s trade deficit, the country’s central bank said on Thursday. According to data furnished by the Reserve Bank of...