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"We Aren't Police...": RBI Chief Day After 4 Firms Banned From Giving Loans
Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.
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Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
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People In Queue To Exchange Rs 2,000 Notes After Last Date Quizzed At RBI
The Economic Offence Wing (EOW) of Odisha Police questioned people standing in queue to exchange Rs 2000 currency notes at the Reserve Bank of India counter here to find out whether they were acting as agents for others, an official said.
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PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
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RBI Suggests Customers to Approach Local Police for Issues Related to Unregistered Digital Lending Apps
Reserve Bank Governor Shaktikanta Das has clarified that the central bank will only act against digital lending entities registered with it. Customers borrowing from unregistered digital lending apps are recommended to approach the local police in case of any issue.
-
Opinion: Budget Will Be Tougher Than Government's Usual Fiscal Trapeze
India's federal budget Monday will be a much tougher balancing act than New Delhi's regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in eme...
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Centre Designates 44 Nodal Officers To Crack Down On Terror Funding
The Home Ministry has designated 44 senior officers from the central, state and Union Territory governments, apart from entities like the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI), to serve as nodal authority for seizure of funds and other financial assets held by anyone engaged in or supporting terrorism.
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"Money Laundering": Congress Takes On BJP After Reports On Electoral Bonds
The Congress has posed a series of questions for the Narendra Modi government after news reports that claimed the Centre had disregarded a warning from the Reserve Bank about electoral bonds. Legalisation of electoral bonds, for which the RBI Act had to be amended, was part of the Finance Bill 2017, which has come under the scanner of the Supreme C...
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Supreme Court To Hear Plea For Protective Measures Over PMC Bank Scam
PMC Bank Scam: The petition has sought a direction for issuance of an "exhaustive and comprehensive guideline" to safeguard the banking and co-operative deposits in the eventuality of emergency financial crisis where citizens are financially stranded by the acts of few "unscrupulous persons".
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RBI vs Government: 5 Key Points As Central Bank's Board Meets Today
RBI vs government: Though the government has maintained it has no intention of forcing the RBI's hand to do its bidding, the opposition has alleged the NDA regime intends to plough into the precious reserves of the central bank in election season
-
RBI vs Government: 10 Things To Know
The Reserve Bank of India (RBI) and the government appear to be heading on a collision course after one of the top officials of the central bank warned that undermining the RBI's independence could be "potentially catastrophic". Reports that RBI Governor Urjit Patel may resign after a breakdown in relations with the government also fuelled the cris...
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"Consultations With RBI In Public Interest": Government Amid Autonomy Row
The government today said "extensive consultations" with the Reserve Bank of India (RBI) were in "public interest", after reports said it has started discussions on Section 7 of the RBI Act, a never-before-used rule that allows the centre to give instructions to the central bank's chief. In a statement, the finance ministry said such consultations ...
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What About 15 Lakh In Accounts Promised By PM Modi, Asked RTI. The Reply
A question under the RTI regarding Prime Minister Narendra Modi's promise of depositing Rs 15 lakh into every citizen's bank account, has drawn a blank from the Prime Minister's Office. The application had asked for the exact date when the money will be deposited. The PM's Office has now responded that this cannot be considered "information" under ...
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Rs. 200 Notes Launched: All You Need To Know
After launching new Rs 2,000 and Rs 500 notes in November 2016, the Reserve Bank of India will launch Rs. 200 notes today.
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Central Bank Begins Work, But More Money Needed to Kill Bad Loans
Armed by a recent change in law that gives it to more power to act, the Reserve Bank of India has said it will expand its two-member Oversight Committee as it puts in gear a plan to resolve the massive backlog of non-performing assets or bad loans that public sector banks have built.
-
"We Aren't Police...": RBI Chief Day After 4 Firms Banned From Giving Loans
Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.
-
Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
-
People In Queue To Exchange Rs 2,000 Notes After Last Date Quizzed At RBI
The Economic Offence Wing (EOW) of Odisha Police questioned people standing in queue to exchange Rs 2000 currency notes at the Reserve Bank of India counter here to find out whether they were acting as agents for others, an official said.
-
PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
-
RBI Suggests Customers to Approach Local Police for Issues Related to Unregistered Digital Lending Apps
Reserve Bank Governor Shaktikanta Das has clarified that the central bank will only act against digital lending entities registered with it. Customers borrowing from unregistered digital lending apps are recommended to approach the local police in case of any issue.
-
Opinion: Budget Will Be Tougher Than Government's Usual Fiscal Trapeze
India's federal budget Monday will be a much tougher balancing act than New Delhi's regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in eme...
-
Centre Designates 44 Nodal Officers To Crack Down On Terror Funding
The Home Ministry has designated 44 senior officers from the central, state and Union Territory governments, apart from entities like the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI), to serve as nodal authority for seizure of funds and other financial assets held by anyone engaged in or supporting terrorism.
-
"Money Laundering": Congress Takes On BJP After Reports On Electoral Bonds
The Congress has posed a series of questions for the Narendra Modi government after news reports that claimed the Centre had disregarded a warning from the Reserve Bank about electoral bonds. Legalisation of electoral bonds, for which the RBI Act had to be amended, was part of the Finance Bill 2017, which has come under the scanner of the Supreme C...
-
Supreme Court To Hear Plea For Protective Measures Over PMC Bank Scam
PMC Bank Scam: The petition has sought a direction for issuance of an "exhaustive and comprehensive guideline" to safeguard the banking and co-operative deposits in the eventuality of emergency financial crisis where citizens are financially stranded by the acts of few "unscrupulous persons".
-
RBI vs Government: 5 Key Points As Central Bank's Board Meets Today
RBI vs government: Though the government has maintained it has no intention of forcing the RBI's hand to do its bidding, the opposition has alleged the NDA regime intends to plough into the precious reserves of the central bank in election season
-
RBI vs Government: 10 Things To Know
The Reserve Bank of India (RBI) and the government appear to be heading on a collision course after one of the top officials of the central bank warned that undermining the RBI's independence could be "potentially catastrophic". Reports that RBI Governor Urjit Patel may resign after a breakdown in relations with the government also fuelled the cris...
-
"Consultations With RBI In Public Interest": Government Amid Autonomy Row
The government today said "extensive consultations" with the Reserve Bank of India (RBI) were in "public interest", after reports said it has started discussions on Section 7 of the RBI Act, a never-before-used rule that allows the centre to give instructions to the central bank's chief. In a statement, the finance ministry said such consultations ...
-
What About 15 Lakh In Accounts Promised By PM Modi, Asked RTI. The Reply
A question under the RTI regarding Prime Minister Narendra Modi's promise of depositing Rs 15 lakh into every citizen's bank account, has drawn a blank from the Prime Minister's Office. The application had asked for the exact date when the money will be deposited. The PM's Office has now responded that this cannot be considered "information" under ...
-
Rs. 200 Notes Launched: All You Need To Know
After launching new Rs 2,000 and Rs 500 notes in November 2016, the Reserve Bank of India will launch Rs. 200 notes today.
-
Central Bank Begins Work, But More Money Needed to Kill Bad Loans
Armed by a recent change in law that gives it to more power to act, the Reserve Bank of India has said it will expand its two-member Oversight Committee as it puts in gear a plan to resolve the massive backlog of non-performing assets or bad loans that public sector banks have built.
