RBI

World Economic Forum: India's International Confidence Hits...

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

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RBI Issues Draft Norms on Dividend Declaration by Banks | Zee Bus...

Wed, Jan 03, 2024

RBI issued draft circular on dividend declaration of banks, new rules will be implemented from financial year 2025, sought suggestions from stakeholders till January 31, rules for all Commercial Bank, SFB, Payment Bank, Regional Bank

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RBI MEET: Will the MPC maintain the status quo and keep rates ste...

Thu, Dec 07, 2023

Even as the three-day RBI MPC meeting has started on Wednesday, all eyes are on the interest rate-setting panel’s decision on Friday. Experts, however, expect a status quo on the key policy rates as inflation is gradually coming closer to the RBI’s target level and economic growth is picking up. RBI Governor Shaktikanta Das-headed Monetary Policy Committee has begun its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on the last day of the meeting--December 8 (10.00 AM).

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RBI working closely with government on bank recapitalisation plan

Wed, Dec 06, 2017

The Reserve Bank of India (RBI) is working very closely with the government on a $32.43 billion bank recapitalisation plan it had outlined in October to deal with huge bad loans at state-run lenders.

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RBI holds repo rate at 6%; here's what experts have to say

Wed, Dec 06, 2017

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Full Text: Here's what RBI said while maintaining 'status quo' on repo rate

Wed, Dec 06, 2017

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday decided to keep interest rates unchanged. The policy repo rate in the fifth bi-monthly monetary policy remained at 6%.

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Markets open flat as RBI readies 5th bi-monthly monetary policy

Wed, Dec 06, 2017

Ahead of the Central Bank's decision on monetary policy of India, equity markets opened with little change to the indices.

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Rate cut dilemma remains as RBI wary on Inflation

Tue, Dec 05, 2017

In the last policy announcement, the monetary policy committee headed by RBI governor Urjit Patel kept repo rate unchanged at 6% with a neutral stance citing that rising consumer prices will threaten their trajectory for inflation.

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RBI reiterates caution against use of Bitcoins, virtual currencies

Tue, Dec 05, 2017

A third warning by the RBI against the use of Bitcoins and virtual currency was flagged today.

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India says debt rollover risk in next five years low

Tue, Dec 05, 2017

The government bought back 277.67 billion rupees of short-dated securities last week as a part of its debt management operation to reduce risks of bulk payouts next year.

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Expect status quo in RBI's monetary policy review, says CARE Ratings

Tue, Dec 05, 2017

Citing factors favouring the status quo, the rating agency said, "upside risks to inflation may emanate from the following factors that would likely lead the RBI to remain watchful and maintain the status quo on policy rates during the MPC meeting."  

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Sensex slips 108 points ahead of RBI meet, on Asian cues

Tue, Dec 05, 2017

The benchmark BSE Sensex fell over 108 points in opening trade following a cautious stance adopted by participants ahead of the RBI policy review amid weak Asian cues.

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Sensex breaks 4-day fall on value buying

Mon, Dec 04, 2017

After a strong start at 32,968.02, the Sensex reclaimed the 33,000-mark to hit a high of 33,008.62 points but profit- booking at higher levels capped the gains. It finally closed at 32,869.72, up 36.78 points, or 0.11 per cent.

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RBI expected to hold key interest rate on Wednesday

Mon, Dec 04, 2017

The central bank had earlier, in August reduced the repo, or its repurchase rate by 0.25 percentage points to six per cent.

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RBI may hold rates in December policy;citing inflation worries: Icra

Sun, Dec 03, 2017

Rating agency Icra said although the CPI inflation for October is lower than the range of 4.2-4.6% for the second half of FY18 that the MPC had forecast in its previous review, and the recent revision in GST rates would ease price pressures, certain inflation risks persist.

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RBI cautions co-operative societies against using bank in name

Thu, Nov 30, 2017

The Reserve Bank of India (RBI) on Wednesday cautioned some co-operative societies against the use of word "Bank" in their names.

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India's inflation likely to rise, interest rates won't: Reuters poll

Wed, Nov 29, 2017

The results, from a poll of economists taken over the past week, also found there is a bigger risk the next move is a cut, even though forecasts diverge in three directions starting from the second quarter of next year.

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Government wants RBI rate cut before March for faster economic growth

Tue, Nov 28, 2017

The finance ministry, according to officials, wants a rate cut sooner than that, putting a focus on the MPC meeting on December 5-6, or when it next convenes in February.  

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Need broad-based economic growth, more job opportunities: Rajan

Mon, Nov 27, 2017

Former RBI Governor Raghuram Rajan today made a strong case for broad-basing economic growth and generating more employment opportunities, arguing that short-term political solutions to the job reservation issue can damage the fabric of the country.

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Tinkering in rates by banks unlikely in short-term: HDFC Bank

Sun, Nov 26, 2017

Both deposit and lending rates probably have bottomed out and further tinkering in rates by banks unlikely in the immediate future, he said.

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RBI study claims major drop in cash payments after note-ban

Sat, Nov 25, 2017

The government had on November 8 last year surprisingly cancelled all the banknotes in the Rs 1,000 and 500 denominations, which was around 86% of the money in circulation, with multiple objectives.

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Wilful loan defaulters can't bid to buy back their assets

Thu, Nov 23, 2017

Under the revised rules, borrowers whose loan accounts are classed as non-performing for a year or more will not be eligible to bid for the assets in bankruptcy proceedings

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7th Pay Commission: NAC may not favour employees on minimum pay, fitment factor issue

Mon, Nov 20, 2017

 When 7th Pay Commission received in-principle approval from cabinet in June 2017, it was expected to benefit 34 lakh civilian employees and 14 lakh Defence Forces personnel.    

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