Keyword : Reserve Bank Of India

RBI’s capital buffer norms good for banks, says Moody’s Credit Outlook

Last week’s guidelines on maintaining a countercyclical capital buffer (CCCB) by Reserve Bank of India has been hailed by the global credit rating agency Moody`s . The guidelin

RBI rates unchanged as rains hit food prices

The Reserve Bank of India in its first monetary policy statement for the new financial year 2015-16 has not changed both the repo rate and the cash reserve ratio (CRR) due to increased food prices

Banks to offer differential rate for term deposits

The differential interest rates based on whether the term deposits are with or without the premature withdrawal facility come to India. The Reserve Bank of India (RBI) has given gree

Rajan gives high scores to Modi govt on creation of environment for investment

As the Modi government completes one year in office this month, RBI Governor Raghuram Rajan, who oversees nation’s monetary policies, has said that the administration had taken steps to creat

Repo rate cut to benefit consumers, EMI to drop

Showing confidence that the economy is in good shape to withstand any turbulence and sending out a strong signal to the banks to cut interest rates for consumers, the Reserve Bank of India (RBI) cu

RBI Deputy Governor, SS Mundra on financial inclusion

SS Mundra took charge as the RBI deputy governor on July 31 last year. Previously, he was chairman and managing director of the second largest bank, Bank of Baroda, where he ha

Banks to take control of defaulting companies & change managements

In far-reaching and forward looking measure the Reserve Bank of India is going to allow banks to convert debt of defaulting companies into equity and bring about change in management of these compa

Former RBI governor Bimal Jalan talks about PMJDY

Bimal Jalan, a former RBI governor, feels that PMJDY is a very “good idea” and with the intelligent use of technology it can be a useful instrument for fin

Crisis in Greece may hit Indian capital market but govt yet to frame firm response

Admitting that the situation in Greece may impact India in capital inflows and outflows, finance secretary Rajiv Mehrishi on Monday said the government is in touch with the Reserve Bank to deal wit

RBI has scope to cut rates, feels IMF

While asking the central banks of advanced economies to "maintain supportive policies" and refrain from raising interest rates too quickly, the International Monetary Front (IMF) has said

Aadhaar uncertainty to be removed, new bill to make it legal

Aadhaar will receive legislative sanction with the government ready to introduce National Identification Authority of India (NIAI) Bill in the parliament. Finance minister Arun Jaitl

Time for deep incision

Now go and bury it,” said major general Ian Cardozo, then a major with the 5 Gorkha Rifles, during the 1971 Indo-Pak war that led to liberation of Bangladesh. He had accidently stepped on a m

The origins of Rajan exit: the speech that ruffled feathers

Just when did Dr Raghuram Rajan’s equations with the new government start going downhill? In hindsight, there will be many remarks and decisions that will fit the bill. A speech at IIT Delhi

MPC cuts interest rate by a quarter point

In the fourth bi-monthly monetary policy statement, the Reserve Bank of India’s monetary policy committee (MPC) reduced the repo rate by 25 basis points, from 6.5 percent to 6.25 percent. The

Demonetisation is a regressive and anti-poor measure: KC Chakrabarty

Dr KC Chakrabarty, former deputy governor, Reserve Bank of India, headed currency management at the central bank before taking premature retirement in March 2014. Known for his frank an

Demonetisation: Revised income tax returns may be scrutinised

If you are planning to file a revised income tax return following demonetisation, then be warned. The income tax department will be looking out for manipulation or fudging and such cases may be tak

Steps have been taken to tackle black money: Amitabh Kant

The government has initiated numerous steps to combat the scourge of corruption and black money in the last two and a half years, said NITI Aayog CEO Amitabh Kant on Thursday. Addres

Demonetisation severely imperilled India’s economy: Harvard Business Review

India is in the throes of an unprecedented social experiment in enforced digital disruption, and the world has much to learn from it, said an article: ‘India’s Botched War on Ca

Two counts of failure

The Indian government has audaciously put the demonetisation show on the road, though with little consideration of infrastructural, banking and connectivity back-up. After making his own set of pol

Hulkonomics and the 2D effect (Or how I learned to stop worrying and love demonetisation)

A close friend, stock market wizard and intellectual sparring partner, also a Marvel Comics and Stan Lee fan, has been keenly following the demonetisation debate in media and elsewhere. &ld

Demonetisation: Rule changed yet again

One thing consistent about demonetisation has been the ever-changing rules. Monday saw a new rule in place. One can now deposit the scrapped currency of Rs 500 and Rs 1,000

Demonetisation impact on formal remittances could be significant: Expert

The longer run impact of demonetisation on formal domestic remittances could be significant. Following up on a major financial inclusion initiative (Jan Dhan Yojana) and new payments banks, this mo

Currency in circulation plunged by Rs 7.4 trillion up to December 2: RBI

Liquidity conditions have undergone large shifts in Q3 so far, said the Reserve Bank of India which added that surplus conditions in October and early November were overwhelmed by the impac

Demonetisation hits handicraft business at Rann Utsav

Mangal Bhai Rama Harijan is a craftsman from Kawada village, 50 kilometres from the Great Rann of Kutch in Gujarat, the place where India’s most prominent cultural festival takes place every

Demonetisation undermines the right to food and the right to life

The right to food campaign is dismayed by the Indian government`s reckless attempt to renew currency notes, known as "demonetization", without any serious attention to the consequences it

We’re still reconciling figures: RBI

The Reserve Bank of India on Thursday clarified that it was still in the process of reconciling the figures of the demonetized currency, following media reports which said that most of the scrapped

Govt must not renege on the commitment made on November 8

People may recall the passionate justification that prime minister gave on November 8 when he announced the decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination. The entire cou

RBI imposes Rs 30 million penalty on Lakshmi Vilas Bank

The Reserve Bank of India has imposed a monetary penalty of Rs 30 million on Lakshmi Vilas Bank Ltd. (LVB) for contravention of instructions relating to opening and operation of current accounts, e

Subdued prospects for Indian banks: Moody’s

Moody`s Investors Service and its Indian affiliate, ICRA Limited, see subdued prospects for India`s banks, with both identifying asset deterioration as a key challenge over the medium term.

Credit shocks could have important policy implications: RBI paper

House and equity prices respond at varying speeds and significantly varying magnitude to monetary policy shocks, signifying that it may turn out to be challenging for policy makers to simultaneou

Benami property, black money and demonetisation

The Demonetisation, the black money and the benami property, the three vibrant words in the Indian economy, has impacted the life of people across the country. In the fight against black money, pri

RBI holds over 500 tonnes of gold

The Reserve Bank holds 557.77 tonnes of gold; of which, 265.49 tonnes are held overseas in safe custody with the Bank of England and the Bank for International Settlements (BIS). Gold as a share of

“India is at an exciting but challenging time”

“India is at an exciting but challenging time,” said Viral Acharya who takes over as RBI’s deputy governor on Friday. “As one of the world’s fastest growing

Decline in business sentiment: RBI survey

The Reserve Bank of India’s Industrial Outlook Survey has indicated a decline in business sentiments. This round of the survey was conducted during October-December 2016. The s

RBI cautions about Bitcoins

The Reserve Bank of India has cautioned about virtual currencies, including Bitcoins. The RBI advised that it has not given any licence / authorisation to any entity / company to ope

RBI keeps repo rate unchanged

The Reserve Bank of India (RBI) on Thursday kept the repo rate, which is the short-term lending rate, unchanged at 6.25 percent. Repo rate is the rate at which the central bank of a

RBI looks at rationalising debit card transaction rate for merchants

The Reserve Bank of India (RBI) has sought public feedback the draft circular on rationalisation of Merchant Discount Rate (MDR) for debit card transactions. MDR is the rate charged

I believe we are at crossroads, says deputy governor RBI

  Only a bank that fears losing its deposit base or incurring the wrath of its shareholders is likely to recognise losses in a timely manner. In many of our banks, such market di

Countries are printing more and more of currency: RBI deputy governor

     “As regards death of currency, it is not a new subject. It has been predicted right from early 1950s,” said R Gandhi, deputy governor Reser

Demonetisation impact on real economy transient: RBI

    Overall, the assessment is that the impact of demonetisation on the real economy has been transient, given the information available so far, said a Reserve B

Why India needs a bullion bank

India’s affinity for gold is a well-known fact, so is its dependence on gold imports to meet the domestic demand. More than 98 percent of the gold consumed in the country is met throu

Zero spread banking

It’s common knowledge that banks thrive on interest spread, the difference between the rate they charge borrowers and the rate they pay depositors. Bank profits hinge on those vital two to fi

Bad loan clean-up prospects at Indian banks improving: Fitch

Recent regulatory actions in India suggest the authorities are making a more concerted push to tackle banks` bad loan problems, says Fitch Ratings. "We believe that asset resolu

GST likely to strengthen cooperative federalism: RBI

The Goods and Services Tax (GST) is likely to strengthen cooperative federalism and have far-reaching implications for growth, inflation, public finances and external competitiveness in the India

Bank account number portability possible: RBI deputy governor

RBI deputy governor SS Mundra has spoken about the idea of ‘account number portability’, which he had first advocated a couple of years ago.   “Back

Transitory effects of demonetisation have lingered on: RBI

The Reserve Bank of India on Wednesday kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 percent and the Monetary Policy Committee noted that incoming data

Farmers’ protests: RBI blames it on DeMo

Farmers in several parts of the country are on the warpath. Under stress, they are demanding more support from the government, especially higher MSPs and a loan waiver. But after a year of normal

Here’s why GST is expected to be a game changer

The Goods and Services Tax (GST) is expected to be a game changer.   According to the

At midnight, India got its biggest tax reform

At the stroke of midnight hour, India got converted into one seamless market, with multiple taxes being replaced with singular Goods and Service Tax (GST).   GST was

Industrial performance has weakened: RBI panel

There is a need for speedier clearance of projects by states, RBI’s monetary policy committee said and added that there is an urgent need to reinvigorate private investment, remove infrastr

“Stressed assets liquidation key to de-clog bank balance sheets”

Swift, time-bound resolution or liquidation of stressed assets will be critical for de-clogging bank balance sheets and for efficient reallocation of capital, said Reserve Bank of India governor

Public sector banks need capital infusion

The public sector banks which are teetering under the burden of non-performing assets need help from the government in the form of capital support.   Former Reserve B

Need to swiftly restore public sector bank health: RBI dy governor

“We need soon a much more powerful plan – “Sudarshan Chakra” – aimed at swiftly, within months if not weeks, for restoring public sector bank health, in current owne

RBI holds over 550 tonnes of gold

The Reserve Bank holds 557.77 tonnes of gold; of which, 265.49 tonnes are held overseas in safe custody with the Bank of England and the Bank for International Settlements (BIS). An

Bank recapitalisation plan will safeguard economic future: RBI chief

A well-capitalised banking, and in general, financial intermediation, system is a pre-requisite for stable economic growth, said RBI governor Urjit Patel who added that economic history has shown u

RBI mulls whether to shift loan pricing system to external benchmark

An efficient monetary transmission is a sine qua non for the successful pursuit of its objectives by any central bank. Over the past two decades, it has been the endeavour of the Reserve Bank of In

Public Sector Banks not being shut: RBI

The Reserve Bank of India (RBI) on Friday scotched rumours and said that Public Sector Banks are not being shut down. “The RBI has come across some misinformed communication ci

India’s financial system stable: RBI

India’s financial system remains stable, said a report of the Reserve Bank of India (RBI), which added that the overall risks to the banking sector remained elevated due to asset quality conc

How RTI could have prevented the PNB fraud

The Right to Information (RTI), used efficiently, could have helped activists and bankers expose irregularities much before they snowballed into full-fledged scams – the one at Punjab Nationa

Could RTI have saved banks from scams?

Could RTI have saved banks from scams?

Banking on service

Personalised banking, relationship managers, courteous but insistent calls to sell cards, insurance and other services – these are the positives one has come to associate with private and mul

Why RBI should have operational independence

The recent uproar in the country regarding the finance ministry apparently coercing the RBI in doing things it is unwilling to do has spiked to such heights that the RBI deputy governor valiantly w



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