New Delhi, Dec 12 Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as RBI Governor after Urjit Patel abruptly resigned from the post amidst a tiff with the government on the central bank’s autonomy. “Assumed charge as Governor, Reserve
Mumbai, Dec 10 The Reserve Bank of India (RBI) Governor Urjit Patel resigned from his post on Monday with immediate effect, citing “personal reasons”, setting of a major crisis in India’s politico-economic sphere. Patel’s resignation comes in the backdrop of
Mumbai, Dec 5 (IANS) With finance for the MSME sector an ongoing key issue between the Centre and the central bank, the RBI on Wednesday announced it is constituting an expert committee to identify causes and proposed long-term solutions for the
Mumbai, Dec 5 (IANS) In its penultimate monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 per cent for the second time in succession.
Mumbai, Dec 4 The RBI is expected to keep its key interest rate unchanged at its penultimate monetary policy review of the fiscal on Wednesday at a time when inflation – the central bank’s key concern – has softened, as
Mumbai, Nov 20 The Reserve Bank of India (RBI) would inject Rs 8,000 crore into the market by purchasing government securities on November 22, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services
Mumbai, Nov 13 (IANS) The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial
Mumbai, Oct 27 The Reserve Bank of India on Friday said it would inject Rs 40,000 crore into the market by purchasing government securities in November 2018. The decision comes amid concerns of a liquidity crisis in the economy after
Mumbai, Oct 19 The Reserve Bank of India (RBI) on Friday came out with new measures to increase the liquidity flow to non-banking financial companies (NBFCs) and housing finance companies (HFCs). The move comes amid concerns of a credit crunch
New Delhi, Oct 15 With the government on Monday refusing to relax the Reserve Bank of India’s (RBI) October 15 deadline for data localisation, the road ahead has become tough for global digital payment providers who have sought more time
Mumbai, Oct 15 The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, a SBI Ecowrap report said on Saturday. “CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly,
Mumbai, Oct 5 Reserve Bank of India (RBI) Governor Urjit Patel on Friday said that the central bank will engage with and support debt-stricken IL&FS in its efforts to salvage the infrastructure financing company. “The RBI will engage with the
Mumbai, Sep 29 The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives. According to a RBI statement on Friday, the penalty was imposed for non-compliance with
Mumbai, Sep 28 The Reserve Bank of India (RBI) is expected to hike its key lending rate by 25 basis points in October, a SBI Ecowrap report said on Thursday. According to the report, the expected rate hike might not
Mumbai, Sep 27 The Reserve Bank of India will ease the Statutory Liquidity Ratio (SLR) norms from October to induce liquidity into the financial system, amid concerns of a credit crunch. SLR is a reserve requirement that commercial banks must
Mumbai, Sep 19 The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee’s depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per the report, during the June 2008
Mumbai, Sep 8 The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore each on three public sector banks for non-compliance with its directions on “Fraud – Classification and Reporting”. According to the RBI, the penalty was
Mumbai, Sep 4 The Reserve Bank of India (RBI) employee unions on Monday deferred their two-day mass casual leave planned for September 4-5 after the bank management sought “some time” to consider their demands. “As responsible and reasonable trade unions,
Mumbai, Aug 14 Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against the US dollar on Tuesday before recovering by a fraction
Mumbai, Aug 1 Continuing with the reversal of accomodation begun in June, the RBI on Wednesday again hiked its key lending rate by 25 basis points to bring the repo to 6.50 per cent citing upside risks to inflation. Addressing
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