Rbi

Government Wants To Capture RBI, Control Precious Reserves: P Chidambaram

India News | Press Trust of India | Sunday November 18, 2018

Ahead of RBI Board meeting, Congress leader P Chidambaram on Sunday alleged that the central government was determined to "capture" the bank to gain control over its Rs 9 lakh crore reserves.

Banks Not Funding Infra Projects Worth 2 Lakh Crore: Nitin Gadkari

India News | Indo-Asian News Service | Sunday November 18, 2018

Union Road Transport and Highway Minister Nitin Gadkari on Saturday lashed out at banks saying they are not making financial closures for infrastructure projects worth Rs 2 lakh crore despite a "golden opportunity" and blamed the Reserve Bank for creating "more complications".

Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report

India News | Siddhartha Singh, Bloomberg | Friday November 16, 2018

The centre has proposed changing rules that will enable closer supervision of the Reserve Bank of India, people with knowledge of the matter said, a move that may undermine investor confidence in the world's fastest-growing major economy.

Centre Destroying Key Institutions Like CBI, RBI, Alleges Mamata Banerjee

India News | Press Trust of India | Friday November 16, 2018

West Bengal Chief Minister Mamata Banerjee today accused the NDA government of destroying key Indian institutions such as the CBI and the RBI and claimed that after the Lok Sabha elections, BJP has made 'building statues' its poll agenda will itself be reduced to a statue. Giving a call for "BJP hatao, desh bachao", she said the BJP should be ouste...

Centre Not Seeking Top Bank's Reserves, Says S Gurumurthy Amid RBI Crisis

Business | Indo-Asian News Service | Friday November 16, 2018

Ahead of November 19 board meeting of the central bank, the RSS ideologue and RBI Board member made case for loosening liquidity norms for lenders.

Praising Notes Ban, RBI's Gurumurthy Says Economy Would Have Collapsed

India News | Press Trust of India | Thursday November 15, 2018

Ahead of next week's crucial board meeting of RBI, the central bank's independent director and RSS ideologue S Gurumurthy Thursday made a case for calibration of its massive Rs 9.6 lakh crore reserves, saying no central bank in the world maintains such high levels of surplus.

RBI Board Member Says Banks Could Be Recapitalised With Government Bonds

Business | Thomson Reuters | Thursday November 15, 2018

S Gurumurthy has been a vocal member on the RBI board asking for easier lending and capital restrictions for the country's banks.

RBI Intervenes More In Forex Forwards Than Spot For Second Straight Month

Business | Thomson Reuters | Thursday November 15, 2018

The rupee ended at 71.9750 to the dollar on Thursday, compared with 72.30 on Wednesday.

Yes Bank Shares Plummet After Chairman Ashok Chawla Resigns

Business | Thomson Reuters | Thursday November 15, 2018

Mr Chawla's departure exacerbates the turmoil the management is in, after RBI denied an extension to its CEO Rana Kapoor for a second time last month.

Rupee Gets A Lift-Off On Falling Oil Prices, Fund Flows: 10 Points

Business | NDTV Profit Team | Thursday November 15, 2018

The rupee gained 24 paise to 72.07 against the US dollar in early trade on Thursday amid falling crude oil prices and fresh foreign fund inflows, reported news agency Press Trust of India (PTI). The rupee, which has been Asia's worst-performing currency so far this year, gained as the dollar weakened against other currencies overseas, traders were ...

Centre-RBI Solution Before Meet, Urjit Patel Unlikely To Quit: Sources

India News | Edited by Deepshikha Ghosh | Thursday November 15, 2018

The Reserve Bank of India (RBI) and the government are moving towards a resolution of their biggest points of conflict in the build-up to a meeting of the central bank's board on Monday. Sources said the two sides are close to finding a solution to two key differences - liquidity and credit issues. Amid de-escalation efforts, RBI Governor Urjit Pat...

Deutsche Bank, J&K Bank Fined 3 Crore Rupees Each For Flouting Norms

Business | Indo-Asian News Service | Thursday November 15, 2018

The RBI action has been taken under relevant sections of the Banking Regulation Act, 1949, taking into account the failure of both banks to adhere to the apex bank's directions.

Ashok Chawla Steps Down As Yes Bank Chairman

Business | Press Trust of India | Thursday November 15, 2018

Yes Bank chairman Ashok Chawla has resigned, Yes Bank said on Wednesday. The private sector bank said that it would in due course announce the appointment of a chairman after approval of the RBI.

Ahead Of Board Meet, RBI, Centre Trying To Iron Out Differences: Sources

India News | Reported by Sunil Prabhu, Edited by Anindita Sanyal | Wednesday November 14, 2018

The Reserve Bank of India and the government are slowly moving towards resolving some of their differences ahead of a crucial meeting of the central bank's board on November 19.

Centre, RBI Closer To Resolving Differences Ahead Of Board Meet: Report

India News | Reuters | Wednesday November 14, 2018

The government and the RBI are getting close to ironing out some of their policy differences, said two sources familiar with the discussions, as they seek to defuse worsening tensions that had threatened to unnerve investors.