Mumbai, Sep 28 The Reserve Bank’s Monetary Policy Committee (MPC) meet for the penultimate policy review for 2020 has been rescheduled. Earlier, the MPC was supposed to have met from Sep 29 to Oct 1. “The meeting of the Monetary
New Delhi, Sep 27 The Confederation of Indian Industry (CII) has urged the Reserve Bank of India (RBI) for a relook on its last month’s circular on opening of current accounts in banks and suggested changes. The industry body has written
Mumbai, Sep 27 Persistently high inflation fanned in part due to supply side disruptions along with seasonal factors will deter the Reserve Bank to administer a dose of lending rate cut during the upcoming monetary policy review. In a poll
New Delhi, Sep 17 The Lok Sabha has passed a Bill to address the potential disruptions in the financial system and to ensure that cooperative banks are conducted in a manner that protects the interests of the depositors by increasing
Mumbai, Sep 15 The Reserve Bank of India (RBI) on Monday directed banks to complete the automation of bad loan recognition and asset classification by June 30, 2021. In a notification, the RBI said that the processes for NPA identification,
Mumbai, Sep 12 The Reserve Bank of India (RBI) on Friday came out with guidelines for banks to appoint Chief Compliance Officers (CCO). In a circular, the central bank said that it has come up with the guidelines to bring
Mumbai, Sep 8 The Reserve Bank of India (RBI) on Monday said that it has broadly accepted the recommendations of the K.V. Kamath-led Expert Committee on Resolution Framework for Covid-19-related stress. The expert committee has recommended financial parameters including aspects
Mumbai, Sep 4 The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure. As announced by the RBI Governor,
Mumbai, Sep 3 The Reserve Bank of India (RBI) has approved the appointment of Murali Ramakrishnan as the MD and CEO of South Indian Bank with effect from October 1. In a regulatory filing on Thursday, the bank said that the
Mumbai, Sept 01 The Reserve Bank of India (RBI) on Monday announced additional steps to ensure orderly market conditions and congenial financial conditions, including conducting a special open market operation and a repo term operation. In a statement, the RBI
New Delhi, Aug 31 The moratorium on loan repayments provided by banks at the behest of the Reserve Bank of India (RBI) has provided much-needed liquidity support to mid-sized sub-investment grade (rated CRISIL BB+ or lower) companies, an analysis by
New Delhi, Aug 28 As the Centre laid down options of borrowing by states from the Reserve Bank of India (RBI) in lieu of the GST compensation cess, a look at data shows that four month period between April and
Mumbai, Aug 26 Despite Covid-19, the Reserve Bank of India (RBI) on Tuesday reported a growth of 30 per cent in its balance sheet to around Rs 53.34 lakh crore for the year 2019-20. RBI’s financial year runs from July-June.
Mumbai, Aug 25 Government consumption is expected to continue “pandemic-proofing” of demand, the Reserve Bank said on Tuesday. In its Annual Report 2019-20, the Reserve Bank of India said that when the demands gets stabilised, private consumption is likely to
Mumbai, Aug 25 As the pandemic has brought about dire need for liquidity, the Reserve Bank of India has said that the banking sector needs to get out of the risk aversion mode and give credit to the productive sector
New Delhi, Aug 25 Currency notes of Rs 2,000 were not printed at all in financial year 2019-20, according to the Reserve Bank of India (RBI). The central bank’s Annual Report for 2019-20 also showed that the supply of banknotes during
Mumbai, Aug 25 The Reserve Bank of India (RBI) on Tuesday announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations. The OMO would be conducted in two tranches, each worth Rs 10,000 crore. The
Mumbai, Aug 20 To achieve the vision of creating a financially aware and empowered India, the Reserve Bank on Thursday released the ‘Second National Strategy for Financial Education (NSFE) for the period 2020-2025. The NSFE 2020-25 intends to support the
Mumbai, Aug 19 Yes Bank shares hit the 5 per cent upper circuit on Wednesday after its Chairman said the bank has repaid Rs 35,000 crore to the Reserve Bank of India (RBI) of the special liquidity facility provided by
Mumbai, Aug 19 The Reserve Bank of India (RBI) on Tuesday came up with a framework for pan-India Umbrella Entity for Retail Payments, wherein the central bank has said that an entity must have a minimum paid-up capital of Rs
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