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.
Want to Earn Higher Returns than Banks? Try Investing in Company Fixed Deposits
Oct 17, 2017, at 05:39 pm
Fixed deposits in today’s day and age has become the most preferred investment option. Being a safe investment avenue, fixed deposit (FD) also have a higher rate of interest compared to a savings account. Although savings is a traditional method to park your hard earned money, it still does not prove to be that beneficial. Rather, the returns earned on a savings account are too less compared to fixed deposits as well as are gained late. This is why you should park your funds in a fixed deposit.
Inflation is expected to rise from its current level, range between 4.2-4.6 per cent says RBI
Oct 04, 2017, at 09:02 pm
Mumbai, Oct 4 (IBNS): In its Fourth Bi-monthly Monetary Policy Statement, 2017-18, on Wednesday, the Monetary Policy Committee (MPC) of Reserve Bank of India decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent on the basis of an assessment of the current and evolving macroeconomic situation .
RBI leaves lending rates unchanged, growth projections down
Oct 04, 2017, at 08:38 pm
Mumbai, Oct 4 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at six per cent.
Economy needs to grow at 7 per cent in the next three quarters: Dr C. Rangarajan
Sep 22, 2017, at 09:15 pm
New Delhi, Sept 22 (IBNS): To get 6.5 per cent for the year as a whole, the economy needs to grow at 7 per cent in the next three quarters, probably rate of growth will be around 6.5 per cent, said Dr C. Rangarajan, Former Chairman-Economic Advisory Council to the Prime Minister of India & Former Governor, RBI at an ASSOCHAM event held in New Delhi today.
8.9 crore Rs. 1000 currency note have not been returned post demonetisation, says RBI
Aug 31, 2017, at 12:02 am
New Delhi, Aug 30 (IBNS): The Reserve Bank of India on Wednesday said 8.9 crore pieces of Rs. 1,000 notes have not returned till March 2017.
RBI launches Rs. 200 currency note, promises to ramp up supply
Aug 26, 2017, at 01:31 am
Mumbai, Aug 25 (IBNS): Launching the Rs. 200 notes, the Reserve Bank of India on Friday promised to shortly ramp up the supply of the new currency note across the nation.
RBI to issue new Rs. 50 currency notes
Aug 19, 2017, at 01:45 am
New Delhi, Aug 18 (IBNS): The Reserve Bank of India on Friday said it will shortly issue Rs. 50 denomination banknotes in the Mahatma Gandhi (New) Series.
Industry expects positive outcome from unchanged repo rate by RBI
Apr 07, 2017, at 04:47 am
Mumbai, Apr 6 (IBNS): Various organisations reacted to the unchanged repo rate decided by the Reserve Bank of India which on the other hand increased the reverse repo rate, on Thursday, media reports.
RBI again keeps repo rate unchanged at 6.25 pc, but raises reverse rate
Apr 06, 2017, at 08:49 pm
Mumbai, Apr. 6 (IBNS) : Maintaining status quo as it did the last time, the Reserve Bank of India (RBI) on Thursday kept unchanged the repo rate at 6.25 per cent, reports said after a Monetary Policy Committee meeting.
B.P. Kanungo takes over as Deputy Governor of RBI
Apr 04, 2017, at 01:44 am
New Delhi, Apr 3 (IBNS): B.P. Kanungo took over as the Deputy Governor of the Reserve Bank of India on Monday.
RBI to issue new Rs. 10 banknotes with improved security features shortly
Mar 09, 2017, at 10:29 pm
Mumbai, Mar 9 (IBNS): The Reserve Bank of India on Thursday announced it will shortly issue Rs. 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number panels.
Kolkata: RBI Regional Director inaugurates Bandhan Nextgen Bankers' Programme
Mar 02, 2017, at 01:46 am
Kolkata, Mar 1 (IBNS): Bandhan-Konnagar (CSR arm of Bandhan) in association with Bandhan Bank has started a one year residential programme titled Bandhan Nextgen Bankers'
Cash withdrawal limits to end from Mar 13, says RBI
Feb 08, 2017, at 10:23 pm
Mumbai, Feb 8 (IBNS): The Reserve Bank of India on Wednesday announced people can withdraw Rs. 50,000 per week from their savings accounts from Feb 20.