Rbi

Telcos Pay Part Of Government Dues, RBI Flags Fresh Concern: 10 Points

India News | Reported Himanshu Shekhar Mishra, Edited by Anindita Sanyal | Tuesday February 18, 2020

Debt-ridden telecom firms have paid part of the Rs 1.47 lakh crore they owe to the government as the Reserve Bank expressed concern today about the possibility of their defaulting on bank loans. Bharti Airtel made a payment of Rs 10,000 crore today. Vodafone Idea and Tata Group have already paid their share. The telecom companies -- which have been...

RBI's Three-Year Repo Auction Sees Hefty Demand

Business | Reuters | Monday February 17, 2020

The central bank had announced that it will auction funds worth a total Rs 1 lakh crore via long-term repos at a fixed rate of 5.15 per cent which is the current repo rate.

Telecom AGR Dues Crisis: RBI Closely Monitoring Developments

Business | Press Trust of India | Monday February 17, 2020

Some telecom firms are already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.

Green Shoots Of Recovery Need To Sustain, Says Shaktikanta Das

Business | Press Trust of India | Monday February 17, 2020

He said the fallout of the outbreak of novel coronavirus in China needs to be closely monitored by "every policymaker" to tailor a swift response.

After US (Fed), Europe Central Banks (ECB), RBI May Turn To Bank Of England (BoE) For Ideas

Business | Anirban Nag, Bloomberg | Monday February 17, 2020

In December, the RBI announced a Fed-style 'Operation Twist' -- buying long-dated bonds and selling the shorter tenor ones.

RBI Board Recommends Aligning Accounting Year With Fiscal Year From 2020-21

Business | Press Trust of India | Saturday February 15, 2020

Addressing the board meeting, Finance Minister Nirmala Sitharaman outlined the thinking behind the Union Budget 2020-21 and focus areas of the government. She indicated increased complementarity in policy between the RBI and the government to address growth concerns, the statement said.

RBI Reviewing Monetary Policy Framework Change: Shaktikanta Das

Business | Indo-Asian News Service | Saturday February 15, 2020

"The monetary policy framework is in operation for the last three years. We are reviewing and analysing it internally as to how the MPC framework has worked. At an appropriate time, if required, we'll have discussion with the government," the RBI governor said at a media conference after he met the Finance Minister on the customary Budget briefing.

Supreme Court Order On AGR Dues Will Be Discussed Internally If Issues Arise: RBI Chief

Business | Press Trust of India | Saturday February 15, 2020

On Friday, the Supreme Court threatened contempt proceedings against top executives of Bharti Airtel, Vodafone Idea and other telecom firms for failing to comply with its directive to pay an estimated Rs 1.47 lakh crore in past dues.

Transmission Of Rate Cuts To Get Better, Says RBI Governor Shaktikanta Das

Business | Press Trust of India | Saturday February 15, 2020

Addressing the media after RBI board meeting, which was also addressed by Finance Minister Nirmala Sitharaman, Mr Das said he does not agree that rate cut transmission is plateauing out.

Bank Loans Rise Over 7% In Two Weeks To January 31: RBI

Business | Reuters | Friday February 14, 2020

Non-food credit rose Rs 1.02 lakh crore to Rs 100.24 lakh crore, while food credit fell Rs 3,202 crore to Rs 78,899 crore.

RBI Assistant Prelim Exam Begins For 926 Vacancies

Jobs | Edited by Anisha Singh | Saturday February 15, 2020

The RBI Assistant Prelim exam will be held today and tomorrow. Preliminary exam is qualifying in nature.

Consumer Inflation Worsens To Nearly 6-Year High, Dashes RBI Rate Cut Hopes

Business | Written by Sandeep Singh | Wednesday February 12, 2020

Consumer inflation came in at 7.59 per cent in January - the highest rate recorded since 8.33 per cent in May 2014, government data showed on Thursday. Separate data showed that factory output - gauged by the Index of Industrial Production (IIP) - contracted 0.3 per cent in December, following its first rise in three months in November. Soaring inf...

RBI's Enhanced Regulatory Role Will Deter Malpractices, Says President

Business | Press Trust of India | Wednesday February 12, 2020

Banks are fulcrum of the country's economic ecosystem, and have played a sterling role in fuelling India's growth over the years, he stated.

RBI Releases Draft Framework For New Payment System

Business | Reuters | Tuesday February 11, 2020

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

Inflation Likely Hit A Near Six-Year High In January: Poll

Business | Reuters | Monday February 10, 2020

The February 5-7 poll consensus of more than 40 economists showed India's annual consumer price inflation is expected to have risen to 7.40 per cent in January.