New Delhi, June 18 Fitch Ratings on Monday saw India’s growth for FY 2019-20 at 6.6 per cent and 7.1 per cent in 2021-22. Fitch was optimistic on India’s growth, saying that the monetary and regulatory easing from the Reserve
Mumbai, June 8 The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 2 crore on Kotak Mahindra Bank for not complying with the central bank’s directions to furnish details of its promoter shareholding. The bank was
Mumbai, June 6 Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the RBI will issue a new circular on non-performing assets (NPAs) in three to four days. The circular is likely to set new norms and bring
Mumbai, June 6 Home and auto loans are set to become cheaper as the Reserve Bank of India (RBI) went for a hat-trick of rate cut on Thursday as it lowered its key lending rate for commercial banks by 25
Mumbai, May 30 The Reserve Bank of India on Wednesday constituted a task force on development of secondary market for corporate loans. The six-member task force will have T. N. Manoharan, Chairman of Canara Bank, as its chairperson and will submit
Mumbai, May 29 The Reserve Bank of India has decided to extend the usage timings for ‘Real Time Gross Settlement’ (RTGS) system from June 1. A notification to this effect was issued on Tuesday. RTGS is a financial transaction system,
New Delhi, May 27 Reserve Bank of India (RBI) Governor Shaktikanta Das called on Union Finance Minister Arun Jaitley here on Sunday. Das, in a tweet, described the visit as a courtesy meeting. The meeting comes amidst reports and speculations
Mumbai, May 25 To ease liquidity concerns, the Reserve Bank of India (RBI) on Friday said that it will inject Rs 15,000 crore through open market operations (OMOs) on June 13. Open market operations (OMOs) are conducted by the RBI
New Delhi, May 22 The Finance Ministry may ask the Reserve Bank of India (RBI) to put strong regulatory framework around NBFCs accessing non-bank public deposits, like pension and provident fund, as these are savings of the salaried class and
Chennai, May 22 Reserve Bank of India has decided to create a “specialised supervisory and regulatory cadre” to strengthen supervision over commercial banks, urban cooperative banks and Non-Banking Financial Companies (NBFCs). The decision was taken at the apex bank’s Central
Mumbai, May 8 The necessity of setting up ‘State Finance Commissions’ was discussed in a meeting between RBI Governor Shaktikanta Das and Finance Commission Chairman N.K. Singh. The 15th Finance Commission headed by Chairman Singh on Wednesday held a detailed
New Delhi, May 7 The 15th Finance Commission will meet the RBI Governor, banks and financial institutions in a two-day meet in Mumbai, from Wednesday to discuss the transfer of central bank’s surplus capital to the government, among other issues.
Mumbai, May 4 The Reserve Bank of India (RBI) on Friday imposed monetary penalty on five Prepaid Payment Instrument (PPI) issuers, including Vodafone m-pesa, for non-compliance of regulatory guidelines. Accordingly, the RBI has fined Vodafone m-pesa Rs 3.05 crore, while
Chennai, April 29 In view of the recent ruling of the Supreme Court, the government has to amend the Reserve Bank of India (RBI) Act sooner or later and publish the names of loan defaulters periodically, a top official of
New Delhi, April 27 The Reserve Bank of India (RBI) on Friday extended the “ombudsman scheme” for non-banking financial companies (NBFCs) to non deposit-taking NBFCs with asset size of at least Rs 100 crore. The decision comes after the central
New Delhi, April 22 The Reserve Bank of India could consider another 25 bps cut in 1HFY20 to address the domestic growth concerns, said a report from Kotak Economic Research. Monetary Policy Committee (MPC) would meet six times during 2019-20
Mumbai, April 17 The Reserve Bank of India (RBI) on Tuesday issued Rs 50 denomination banknotes bearing the signature of Governor Shaktikanta Das. “The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi
New Delhi, April 12 Signalling credit offtake, Reserve Bank of India data have shown banks have ended the 2018-2019 with record double digit disbursals for the second year consecutively after the under-5 per cent in FY17, which was the lowest
New Delhi, April 10 The Reserve Bank of India (RBI) may take more time to examine the Lakshmi Vilas Bank (LVB) and India Bulls Housing Finance Ltd (IHFL) merger deal, an official source said on Wednesday. “It (LVB-IHFL merger) may
New Delhi, March 11 The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. The move aims to prevent such entities from making biased assessments about the financial condition of
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