Reserve Bank Of India | The Asian Age

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The data compiled by the Reserve Bank of India (RBI) includes states and Union Territories where ‘ATM/debit card’ frauds amounting over Rs 1 lakh and above have been reported during 2017-18 and 2018-19.

City stands 2nd in ATM frauds after Maharashtra: RBI

RBI has also issued guidelines for preventing bank frauds and suitably protecting the interest of customers.

25 Jun 2019 7:07 AM

After Viral Acharya's exit, MPC may turn less hawkish

Acharya's departure will remove from the Monetary Policy Committee its most articulate hawk.

25 Jun 2019 3:54 AM

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

RBI panel defers reserves report for fourth time

The panel will submit the report after the federal budget in July, the official said.

24 Jun 2019 1:22 PM

RBI's youngest deputy governor post-1991 economic reforms Acharya joined the RBI on January 23, 2017.

RBI deputy governor Viral Acharya resigns citing personal circumstances

Viral Acharya would return to a teaching position at Stern School of Business, as per a news report.

24 Jun 2019 9:13 AM

Addressing members of the CII, Piyush Goyal said there are ways to resolve the problem of inadequate and expensive credit without putting a significant stress to the exchequer. (Photo: File)

Discussing with banks to provide foreign currency loans to exporters: Goyal

Government is taking steps to boost growth of economy with an aim to take it to USD 5 trillion in next 5 years, said Piyush Goyal.

21 Jun 2019 8:14 PM

Meeting also discussed proposals releating to the Budget to be presented by Nirmala Sitharaman on July 5, said RBI Governor Shaktikanta Das.

FM reviews state of economy at FSDC meet

The FSDC is the apex body of sectoral regulators, headed by the finance minister.

19 Jun 2019 7:15 PM

RBI last year mandated companies to store their payments data “only in India” so that the regulator could have “unfettered supervisory access”.

RBI to review data storage rules for payment firms: Government

All the companies who were represented in this meeting put forth their concerns related to RBI data storage requirements.

18 Jun 2019 12:36 PM

The Reserve Bank of India releases monthly data on India's international trade in services with a lag of around 45 days. (Representational Image)

India's services exports up 2.8 pc to USD 18.06 bn in April

The services sector receipt or exports during April 2018 stood at USD 17.56 billion.

14 Jun 2019 7:26 PM

After RBI’s repo cut, IDBI slashes rate

IDBI Bank said that it has reduced its one-year MCLR or the minimum lending rate by 5 basis points to 8.95 per cent.

13 Jun 2019 1:09 AM

NEFT, RTGS charges to be off from July 1

The Reserve Bank of India on Tuesday said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1.

12 Jun 2019 3:54 AM

The RBI came out with a revised prudential framework for resolution of stressed assets after its February 2018 circular in this regard was struck down by the Supreme Court.

New RBI norms to give more lenders headroom to resolve large NPAs: Report

New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.

11 Jun 2019 7:10 PM

Moody's said, extension of the circular to non-bank finance companies (NBFCs) will help align the loan loss provisioning norms for the large stressed accounts of NBFCs with commercial banks.

RBI's new prudential framework for stressed asset resolution credit positive: Moody's

RBI issued a framework for resolution of stressed assets, which give banks 30 days to review a borrower account before labelling it NPA.

10 Jun 2019 11:21 AM

SBI said it would launch repo rate-linked home loans from July 1. More lenders are likely to follow suit, as SBI is the market leader with around 35 per cent of share.

Transmission of RBI rate cut is finally happening

RBI may again ask banks to link loans to repo or G-sec.

10 Jun 2019 4:22 AM

The new norms provide a framework for early recognition, reporting and time-bound resolution of stressed assets, RBI said in a notification on Friday. (Representational Image)

RBI circular a welcome step; provides more freedom to bankers: IBA

RBI has given more freedom to bankers to bring their own resolve, said Indian Banks' Association chief Sunil Mehta.

08 Jun 2019 2:59 PM

RBI sets new stressed assets norms

Lenders get 180 days to resolve default under new framework.

08 Jun 2019 1:39 AM

Market unimpressed in wake of NBFC crisis

Jittery markets are facing a crisis of confidence with respect to the precariously perched NBFC (including HFCs) & fixed-income mutual fund sectors.

07 Jun 2019 6:48 AM

The repo rate is the rate at which commercial banks borrow money from the RBI in case of a shortage of funds and is one of the main tools of the RBI to keep inflation under control. (Photo: AFP)

RBI cuts key rate 0.25 per cent, loans might get cheaper

All the six members of the MPC voted in favour of a rate cut as well as change in policy stance.

07 Jun 2019 2:34 AM

From the 30-share Sensex pack, 21 companies closed with losses, led by IndusInd Bank, Yes Bank, SBI, L&T, Tata Steel and M&M. (Representaional Image)

Investors lose Rs 2.22 lakh cr as equities plunge

Tracking weak sentiment in broader market, m-cap of BSE-listed companies tumbled Rs 2,22,304.65 crore to Rs 1,53,19,126.66 crore.

06 Jun 2019 7:35 PM

CREDAI President Satish Magar said the bank rate cut augurs well for the Indian real estate industry and would have a significantly positive impact on industry's revival as well. (Representational Image)

Repo rate cut to boost housing demand if banks pass on benefit to customers: Realtors

RBI lowered the benchmark lending rate by 25 basis points to a nearly nine-year low of 5.75 per cent.

06 Jun 2019 6:06 PM

Vasu Ramaswami, COO, Muthoot Fincorp said the latest rate drop should help in improving consumption demand, particularly for the common man, especially once banks decide to pass this rate change to their customers. (Representational Image)

Bankers, finance players hail RBI repo rate cut, hope consumer demand gets a boost

On NBFC crisis, Shaktikanta Das said that RBI is closely monitoring situation and there is ample liquidity in market.

06 Jun 2019 4:41 PM

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Shobhaa De