Loans may get cheaper as RBI cuts lending rate by 0.25%
Feb 07, 2019, at 12:39 pm
New Delhi, Feb 7 (IBNS): Lending rates and home loans could become cheaper with the Reserve Bank of India on Thursday reducing the repo rate by 25 basis points, or 0.25 per cent.
Infosys co-founder Nandan Nilekani to head Reserve Bank of India's committee on digital payments
Jan 08, 2019, at 04:24 pm
Mumbai, Jan 8 (IBNS): In a major move, the Reserve Bank of India on Tuesday appointed Infosys co-founder Nandan Nilekani as the chairman of a committee that will assess the digitisation of payments in India.
We believe liquidity needs are largely met: RBI Governor Shaktikanta Das
Jan 07, 2019, at 04:20 pm
Mumbai, Jan 7 (IBNS): RBI governor Shaktikanta Das on Monday said steps will be taken if there is a liquidity shortage in the economy.
Banks recover Rs. 40,400 cr of bad loans: RBI
Jan 01, 2019, at 01:21 pm
New Delhi, Jan 1 (IBNS): The Reserve Bank of India (RBI) has revealed that banks have witnessed a significant improvement in recovery of stressed assets aided by the Insolvency and Bankruptcy Code (IBC) during FY18.
Raghuram Rajan wants election manifestos devoid of farm loan waiver promise
Dec 15, 2018, at 01:30 pm
New Delhi, Dec 15 (IBNS): Former Reserve Bank of India (RBI) Governor Raghuram Rajan thinks promises of farm loan waivers should be abolished from election manifestos, media reports said.
BJP leader ridicules RBI governor over qualification
Dec 13, 2018, at 03:21 pm
New Delhi, Dec 13 (IBNS): A former Gujarat minister when Narendra Modi was chief minister has ridiculed the new Reserve Bank governor over his qualifications, reports said.
Reserve Bank of India keeps policy rates intact
Dec 05, 2018, at 04:53 pm
Mumbai, Dec 5 (IBNS): In a major move, the Reserve Bank of India on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 percent.
Amid public rifts with Centre, RBI board meeting begins
Nov 19, 2018, at 10:55 am
New Delhi, Nov 19 (IBNS): Amid reports of rifts with the Centre, the Reserve Bank of India (RBI)'s board meeting began on Monday, media reports said.
Autonomy of Reserve Bank is 'essential', says Centre
Oct 31, 2018, at 03:45 pm
New Delhi, Oct 31 (IBNS): The Indian government on Wednesday said the autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement.
Reserve Bank of India keeps repo rate unchaged at 6.5
Oct 05, 2018, at 05:07 pm
New Delhi, Oct 5 (IBNS): The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting on Friday, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.
Over 99 percent of demonetised currency returned: RBI
Aug 29, 2018, at 04:50 pm
New Delhi, Aug 29 (IBNS): The Reserve Bank of India on Wednesday said that more than 99 percent of the old Rs. 500 and Rs. 1000 notes, which were banned by the Centre in 2016, have returned.
RBI to transfer Rs 50,000 crore surplus to Union government
Aug 08, 2018, at 07:34 pm
New Delhi, Aug 8 (IBNS): The Reserve Bank of India (RBI) on Wednesday said it has decided to pay a dividend of Rs 50,000 crore to the Union government.
E-commerce's Cash-on-Delivery mechanism not authorised
Jul 24, 2018, at 10:13 pm
New Delhi, July 24 (IBNS): The Reserve Bank of India (RBI) on Tuesday stated that the Cash-on-Delivery (COD) mechanism, on which maximum e-commerce purchases depend, is not authorised under Section 8 of the PSS (Payments and Settlements Systems) Act, 2007, media reports said.
MPC reiterates its commitment to achieve medium-term target for headline inflation of 4 per cent
Jun 06, 2018, at 03:50 pm
Mumbai, Jun 6 (IBNS): The Reserve Bank of India, on Wednesday, announced that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25 per cent.
RBI hikes repo rate by 25 bps, first time in four and half years
Jun 06, 2018, at 03:28 pm
Mumbai, Jun 6 (IBNS): The monetary policy committee (MPC) of the Reserve Bank of India (RBI), headed by Governor Urjit Patel, on Wednesday, decided to hike the repo rate by 25 basis points, according to its Second Bi-monthly Monetary Policy Statement.
IDBI Bank's MK Jain appointed as RBI deputy governor
Jun 04, 2018, at 11:17 pm
New Delhi, June 4 (IBNS): The Centre on Monday appointed MK Jain as the new deputy governor of Reserve Bank of India (RBI).
Bitcoin ban: Flintstone Technology files petition at Delhi HC against Reserve Bank of India order
May 05, 2018, at 05:39 pm
New Delhi, May 5 (IBNS): Flinstone Technologies Pvt. Ltd., which is conducting its business under the trade name of Money Trade Coin (MTC) has filed a petition at the Delhi High Court on Friday, demanding a stay on the Reserve Bank of India circular, which ring fences all entities regulated by it, including banks from conducting business with individual as well as business entities dealing in virtual currencies, an official release stated.
With moderate vegetable prices in March, MPC projects Q4 inflation to be 4.5 per cent
Apr 05, 2018, at 09:34 pm
Mumbai, Apr 5 (IBNS): The Reserve Bank of India (RBI), on Thursday, said that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at six per cent.
RBI retains its six per cent repo rate for the fourth time in a row
Apr 05, 2018, at 09:26 pm
Mumbai, Apr 5 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), in its first Bi-monthly Monetary Policy Statement, 2018-19, issed on Thursday, said it has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.
MSP hike, likely populist measures key risks to inflation, ASSOCHAM tells RBI
Apr 02, 2018, at 01:45 am
New Delhi, Apr 1 (IBNS): Key risks to the retail inflation include higher Minimum Support Prices (MSP) for agricultural items, populist spending in the run-up to the 2019 general elections and strengthening of global crude oil prices, the ASSOCHAM has said in its pre-credit policy review letter to the Reserve Bank of India (RBI).
After PNB scam, RBI discontinues LoUs and LoCs for trade credits
Mar 14, 2018, at 04:12 am
Mumbai, Mar 13 (IBNS): The Reserve Bank of India (RBI) on Tuesday discontinued the Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for trade credits which were responsible for the Punjab National Bank scam.
Feb 07, 2018, at 09:43 pm
Mumbai, Feb 7 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India, on the basis of an assessment of the current and evolving macroeconomic situation, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6 per cent.
RBI keeps repo rate unchanged in latest Policy meeting, warns of tightening monetary conditions
Feb 07, 2018, at 09:25 pm
Mumbai, Feb 7 (IBNS): The Reserve Bank of India (RBI) in its sixth bi-monthly monetary policy statement for 2017-18 said that it has kept the repo rate ( rate at which the RBI infuses liquidity in the banking system) unchanged at 6 per cent, according to media reports.
RBI need not react to bond yields, MSP for interest rate review: ASSOCHAM
Feb 04, 2018, at 10:15 pm
New Delhi, Feb 4 (IBNS): The Reserve Bank of India should not over-react to the high yield pressures of the bond market, along with the government promising a substantial revision in the Minimum Support Price for farmers and refrain from going in for any hike in the benchmark policy lending rates when the Monetary Policy Committee meets on February 7, the ASSOCHAM has said.
RBI Introduces new Rs. 10 banknote
Jan 06, 2018, at 01:18 am
New Delhi, Jan 5 (IBNS): The Reserve Bank of India will shortly issue Rs. 10 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India.
Dec 21, 2017, at 03:15 pm
Mumbai, Dec 21 (IBNS): Financial Markets Regulator SEBI (Securities and Exchange Board of India) is not looking at taking up too many cases for punitive action – rather, it aims at taking action only in such cases where strong action is merited.
RBI keeps repo rate unchanged at six per cent
Dec 06, 2017, at 08:43 pm
New Delhi, Dec 6 (IBNS) : The Reserve Bank of India on Wednesday kept the repo rate unchanged at 6 per cent.
Reserve Bank of India cautions people about trading in Bitcoins
Dec 06, 2017, at 02:42 pm
Mumbai, Dec 6 (IBNS): The Reserve Bank of India has cautioned people about the use of Virtual Currencies (VCs) including Bitcoins.
Linking Aadhaar number to bank accounts mandatory: RBI
Oct 22, 2017, at 01:32 am
Mumbai, Oct 21 (IBNS): The Reserve Bank of India on Saturday clarified that linking Aadhaar number with bank accounts is mandatory for everyone.
ICICI Bank organises two-day coin exchange mela in Panaji
Oct 18, 2017, at 09:33 pm
Panaji, Goa, Oct 18 (IBNS): ICICI Bank, a private sector bank, organised a two-day coin exchange mela in Panaji.