Reserve Bank Of India Rbi

Expect Quicker Transmission Of Rate Cut By Banks, Says RBI Governor

Business | Press Trust of India | Monday July 8, 2019

During this year, the RBI reduced the key policy rate thrice with an aggregate reduction of 0.75 percentage point in the repo rate.

Forensic Audit Found Rs 3,800 Crore Fraud, Says Punjab National Bank

India News | Reuters | Sunday July 7, 2019

The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI).

NS Vishwanathan Gets One-Year Extension As RBI Deputy Governor

India News | Press Trust of India | Monday July 1, 2019

NS Vishwanathan was Monday re-appointed as deputy governor of the Reserve Bank of India (RBI) for one more year, an official order said.

Centre To Begin Search For New RBI Deputy Governor

India News | Anirban Nag, Bloomberg | Wednesday June 26, 2019

The centre will soon start searching for a successor to central bank Deputy Governor Viral Acharya after the outspoken monetary policy maker asked to leave his post six months before his term ends.

RBI Deputy Governor's Resignation Debated In Lok Sabha

India News | Press Trust of India | Tuesday June 25, 2019

Raising the issue of resignation of RBI Deputy Governor Viral Acharya, Kerala Congress (M) lawmaker Thomas Chazhikadan Tuesday alleged prominent economists are unable to work with the government as its policies are not in interest of the people.

RBI Panel Again Defers Report On Transfer Of Surplus Funds To Government

Business | Thomson Reuters | Monday June 24, 2019

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April.

RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"

Business | NDTV Profit Team | Monday June 24, 2019

Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...

RBI Penalises HDFC Bank For Violating Know Your Customer Norms

Business | ANI | Wednesday June 19, 2019

The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on private sector lender HDFC Bank for violating norms related to know your customer.

Consumer Inflation Picks Up To 3.05% In May, Highest In 7 Months

Business | NDTV Profit Team | Wednesday June 12, 2019

The latest set of inflation data comes days after the Reserve Bank of India (RBI) reduced the repo rate - the key interest rate at which it lends short-term funds to commercial banks - to a nine-year low of 5.75 per cent.

Government Not To Seek Funds For State-Run Bank Recapitalisation: Report

Business | Indo-Asian News Service | Monday June 17, 2019

In 2018-19, the government had pumped in the highest-ever infusion of Rs 1.6 lakh crore into PSBs to meet regulatory and growth capital requirements.

SBI Introduces Repo Rate-Linked Home Loan. Here's What It Means For You

Business | NDTV Profit Team | Monday June 10, 2019

SBI or State Bank of India has introduced repo rate-linked home loans. SBI, the country's largest bank by assets, said in a statement last Friday that it would offer home loans linked to the repo rate from July 1, 2019. Repo rate is the key interest rate at which commercial banks borrow short-term funds from the Reserve Bank of India (RBI). The ann...

Cash Deeply Embedded In Payment Systems In India: RBI

Business | Indo-Asian News Service | Friday June 7, 2019

Demonetisation and an active growth in GDP brought down the active cash in circulation as a percentage of GDP to 8.7 per cent in 2016.

RBI Issues Revised Circular For Resolution Of Stressed Assets

Business | NDTV Profit Team | Friday June 7, 2019

According to RBI's revised guidelines, the lenders can start resolution process for a stressed asset within 30 days of default. "All lenders must put in place Board-approved policies for resolution of stressed assets, including the timelines for resolution," according to RBI's revised circular.

'On Tap' Licensing For Small Finance Banks Under Study, Says RBI

Business | Indo-Asian News Service | Thursday June 6, 2019

The Reserve Bank of India (RBI) on Thursday said it was considering 'on-tap' licensing facility for small finance banks and proposed to issue the draft guidelines by the end of August.

RBI Revises Consumer Inflation Forecast

Business | Press Trust of India | Thursday June 6, 2019

In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of 2.9-3 per cent for six months till September.