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%.

More >

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

More >

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).

More >

RBI might take up NPAs worth Rs 8 lakh crore for resolution by 2019: Assocham

Mon, Jul 17, 2017

Industry body Assocham on Sunday said the Banking Regulation (Amendment) Ordinance has empowered the Reserve Bank of India (RBI) to take up "bad loans worth about Rs 8 lakh crore" for resolution by March 2019.

More >

RBI to revamp bankers' panels to boost priority sector lending

Sun, Jul 16, 2017

"We are looking at revamping the entire structure of SLBC so that banks can lend more to the priority sector, which has the potential to create more jobs and self-employment," said Mundra at a conference organised by the College of Agricultural Banking here.

More >

Indian equity markets at new peak on rate cut hopes by RBI

Sat, Jul 15, 2017

On July 13, the 30-scrip Sensitive Index (Sensex) of the BSE breached the 32,000 points-mark for the first time and registered a record high of 32,037.38 points on a closing basis. The the wider Nifty of the National Stock Exchange (NSE) closed at a new high of 9,891.70 points.

More >

Action against Essar Steel based on internal panel's advice, RBI tells Gujarat HC

Sat, Jul 15, 2017

A single bench judge bench of Justice S.G. Shah is hearing a petition filed by the steel major on July 4 seeking quashing of insolvency proceedings, claiming that the action was unilaterally initiated without giving it a hearing at a time when the company was in a major restructuring mode.

More >

Four reasons RBI Governor Urjit Patel gave for not counting demonetised notes

Thu, Jul 13, 2017

RBI Governor Urjit Patel listed these reasons for not being able to decipher how many illegal notes have come back to the central bank.  

More >

Deposited demonetised notes still being counted: RBI Governor

Thu, Jul 13, 2017

More >

Retail Inflation rose by just 1.54% in June

Wed, Jul 12, 2017

Analysts expected consumer inflation to slow down due to sharp drop in food and oil prices. RBI has lowered down its inflation trajectory in the second bi-monthly monetary policy meet. 

More >

Low credit demand, NPAs: RBI's Mundra urges for focus on MSMEs

Tue, Jul 11, 2017

S S Mundra said in the past few years, major initiatives have been taken by the RBI, Government and the banking industry to support the MSME sector.

More >

First test of India's new bankruptcy law offers cautionary tale

Tue, Jul 11, 2017

In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve India`s $150 billion bad debt overhang.

More >

Q1FY18 results for the banking sector don't look too upbeat

Mon, Jul 10, 2017

Looks like India's banking universe especially PSBs will continue to suffer with subdued earnings in Q1FY18. 

More >

RBI makes transactions from ATM, Credit Card and Online safer; Here's what you need to know

Sat, Jul 08, 2017

To make customers feel safe about carrying out various electronic banking transactions, the RBI has come up with rules that will be needed to followed by both banks and customers. 

More >

Customers should report fraud in 3 days to avoid losses: RBI

Thu, Jul 06, 2017

RBI said the revised directions are being issued amidst recent surge in customer grievances relating to unauthorised transactions resulting in debits to their accounts/cards.

More >

Bhushan Steel fourth-quarter loss bigger than stated earlier

Thu, Jul 06, 2017

Bhushan Steel Ltd reported a March-quarter loss that was much bigger than stated earlier in its unaudited results, as the debt-laden steelmaker was hurt by higher costs.

More >

From the looks of it, Rs 200 note might not be circulated via ATMs

Wed, Jul 05, 2017

The new Rs 200 note has a bluish tinge and has similar form factors as the Rs 2000 note.

More >

More companies expected to follow Essar Steel's footsteps; what does this mean for loan resolution?

Wed, Jul 05, 2017

According to the norms, once the case is with the NCLT, the lenders or the banks need to set up a committee of creditors that will come up with a plan on how the asset will be tackled.

More >

Private banks lead PSU banks in credit, deposit growth in FY17

Tue, Jul 04, 2017

Latest data of Financial Stability Report indicates private banks have outperformed public ones when it comes to credit and deposit growth. PSBs has lost share in total credit over the last three time periods.  

More >

Rs 200 notes to be a reality soon; RBI places printing order

Tue, Jul 04, 2017

After introducing new notes of Rs 2000 and Rs 500, the RBI is all set to introduce new Rs 200 notes in the country. 

More >

RBI raises foreign investment limits in bonds, tweaks rules

Mon, Jul 03, 2017

As part of its occasional changes to investment rules, the RBI also said 75 percent of the future increases in limits for foreign investors will be allocated to the "long-term" category and 25 percent for "general."

More >

Digital payments rose last year more than the past five years, Niti Aayog says

Mon, Jul 03, 2017

According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive. In value terms, growth of digital payment stood at  24.2% in FY17. 

More >

Non-food credit inches up 4.5% in April as industries contract

Sun, Jul 02, 2017

The first month of the new fiscal year failed to cheer banks with non-food credit growing at a moderate 4.5 per cent to Rs 68,48,900 crore in April from Rs 65,51,500 crore a year ago, pulled down by a 1.4 per cent contraction in industrial credit demand, shows RBI data.

More >