Reserve Bank Of India | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 02:48 PM IST

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The unanimous vote reflects the resolve of the monetary policy committee to act decisively and act in time (to address the growth concerns), Reserve Bank governor Shaktikanta Das said. (Photo: File)

Rising growth concerns prompted third rate cut: Shaktikanta Das

MPC announced a 25 bps rate cut in short term lending rate to 5.75 percent, which is the lowest repo rate in nine years.

06 Jun 2019 3:36 PM

After DHFL's bond repayment default, rating agencies Crisil and Icra had on Wednesday downgraded rating on its Rs 850-crore commercial paper to 'default' from 'A4'.

DHFL default: RBI to enusre financial stability

DHFL has commercial paper worth Rs 750 crore maturing in June with the first repayment on June 7.

06 Jun 2019 1:18 PM

Data for January-March quarter:2018-19 indicate that domestic investment activity has weakened and overall demand has been weighed down partly by slowing exports, the RBI said. (Representational Image)

RBI lowers economic growth forecast to 7 pc for FY20

Weak global demand due to escalation in trade wars may further impact India's exports and investment activity, said RBI.

06 Jun 2019 12:41 PM

Risks around the baseline inflation trajectory emanate from uncertainties relating to the monsoon, unseasonal spikes in vegetable prices, international fuel prices. (Representational Image)

RBI raises retail inflation forecast for Apr-Sept FY20 to 3-3.1 pc

Cutting benchmark lending rates for the third consecutive time, RBI slashed the repo rate by 0.25 pc

06 Jun 2019 12:29 PM

The United States of America and Brazil which had a higher volume of cheques in 2012 showed a sharper decline. (Photo: Pixabay)

Cheque payments refuse to go in a hurry here

India's cheque volume declined by 10.8 per cent between 2012 and 2017 at a CAGR of two per cent.

06 Jun 2019 12:55 AM

The World Bank, in its report, observed that the main domestic risks to the outlook include a re-escalation of political turbulence amid elections in some countries (Afghanistan and Sri Lanka); fiscal slippages with expanding public spending; and a resurgence of non-bank financial sector funding issues. (Photo: File)

World Bank retains projections for India's economic growth at 7.5 per cent

In its Global Economic Prospects report, the World Bank also said growth rate is expected to remain the same for the next two fiscals.

05 Jun 2019 9:02 AM

RBI likely to cut key rate 0.35 per cent tomorrow

Since governor Shaktikanta Das has assumed office, the central bank has cut its key rates by a cumulative 0.50 per cent as inflation ebbed.

05 Jun 2019 6:25 AM

RBI enters top-10 list in gold reserves

Data published by the World Gold Council shows the RBI bought 12.1 tonnes of gold from the open market from January this year.

05 Jun 2019 2:51 AM

Batliboi barred from auditing banks

The central bank added that the action taken in the matter has been communicated to the Institute of Chartered Accountants of India.

04 Jun 2019 2:18 AM

The upcoming policy review will be RBI's first after the results of 2019 Lok Sabha elections.

RBI monetary policy panel starts discussions on monetary policy review

RBI has slashed repo rate by 25 basis points (0.25 percentage points) each in last two policy reviews.

03 Jun 2019 4:26 PM

RBI may keep rates on hold this time

Weak monetary policy transmission could be a major concern when the MPC meets for 3 days from today.

03 Jun 2019 2:48 AM

The slowing economy didn’t stop voters giving Prime Minister Narendra Modi a landslide victory in an election concluded earlier this month. (Photo: PTI | File)

India's economy seen limping behind China as Modi begins second term

A Reuters survey of economists forecast growth slipped to 6.3 pc annually in the quarter ending in March.

31 May 2019 5:17 PM

Reserve Bank of India (RBI) specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.

Banks can use Aadhaar for KYC with customer's consent: RBI

RBI said that 'Proof of possession of Aadhaar number' has been added to the list of Officially Valid Documents.

30 May 2019 9:35 AM

FICCI said the new government should cut corporate and individual taxes, expand a programme of handing 6,000 rupees (USD 86) a year to poor farmers to boost consumption demand.

India's economy big worry for PM Modi, needs stimulus: FICCI

The economy grew 6.6 per cent in the three months to December - the slowest pace in five quarters.

28 May 2019 2:44 PM

The central bank said it planned to implement LCR, a liquidity buffer, "in a calibrated manner" over four years starting from April 2020.

Draft liquidity norms for NBFCs released

NBFCs will have to maintain minimum high quality liquid assets of 100 per cent of total net cash outflows over the following 30 days.

25 May 2019 1:41 AM

The move would strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies.

RBI to create specialised supervisory and regulatory cadre

A decision to this effect was taken at a meeting of the Central Board here under the Chairmanship of RBI Governor Shaktikanta Das.

21 May 2019 7:33 PM

Yes Bank shares faced selling pressure after opening lower at Rs 154.90 through out the trading session and touched an intra-day low of Rs 142.50 on BSE and Rs 141.80 on NSE.

YES Bank slumps 5 per cent after RBI puts Gandhi on board

Yes Bank finally closed 8.01 per cent down on BSE at Rs 143.65 and at Rs 142.95 on NSE.

16 May 2019 7:05 AM

RBI needs to go for larger rate cut in June: SBI report

RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews.

14 May 2019 8:26 PM

The six-member panel headed by Bimal Jalan was appointed on December 26, 2018 to review the Economic Capital Framework for the RBI.

Bimal Jalan panel on RBI's capital size likely to submit report by June

The committee was to submit its report in 90 days from the first day of its meeting, which held on January 8.

13 May 2019 5:18 PM

A bench comprising Justices R F Nariman and Vineet Saran was dealing with the question whether a person is entitled to be represented by a lawyer of his choice in the process undertaken by banks to declare him a "wilful defaulter" under a circular issued by RBI. (Photo: File | ANI)

Loan defaulters have no right to have lawyer in 'in-house' proceedings of banks: SC

Supreme Court has ruled that the right to be represented by a lawyer does not extend to in-house proceedings.

12 May 2019 6:41 PM

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