Reserve Bank Of India | The Asian Age

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Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017. (Photo: File)

First time in FY19, RBI becomes net buyer of dollars in Dec

The central bank bought USD 837 million and sold USD 230 million in the spot market during the reporting month.

17 Feb 2019 11:34 AM

However, the amount of incentives proposed in the scheme for buses may further be subject to competitive bidding among original equipment manufacturers. (Photo: ANI)

Govt may consider approval of Rs 5,500-cr FAME-II scheme this month

The scheme in its second phase will offer a bouquet of incentives, such as exemption from paying road tax, registration fee.

17 Feb 2019 11:00 AM

The RAR also identifies several other lapses and regulatory breaches in various areas of the bank's functioning and the disclosure of just one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public, the central bank said. (Photo: File)

RBI threatens action against Yes Bank for disclosing nil divergence report

Yes Bank had said the RBI has not found any divergence in the asset classification, provisioning done by the lender during 2017-18.

16 Feb 2019 2:10 PM

Last month Yes Bank shares had gained sharply, hitting a high of Rs 234, after the bank named Deutsche Bank CEO Ravneet Gill as its new MD & CEO from March 1.

Yes Bank stock bounces 30 per cent

The shares of the private bank closed at Rs 221 on the BSE, gaining 30.73 per cent or Rs 51.95 per share.

15 Feb 2019 2:01 AM

In order to encourage a wider spectrum of investors to access the Indian corporate debt market, the central bank said it is now proposed to withdraw the exposure limit.

Cap on FPI investment in corporate bond lifted

RBI will also come out with draft guidelines by the end of next month to rationalise interest rate derivative regulations.

08 Feb 2019 1:34 AM

The MPC also changed its stance from calibrated tightening to neutral and lowered its inflation forecast sharply, thereby opening room for another rate cut in the April policy.

Rate cycle reversing, but banks may go slow on interest cut

This is the first rate cut since August 2017.

08 Feb 2019 1:33 AM

Growth in focus, more rate cuts on the cards

The rate cut decision was accompanied by a shift in the monetary policy stance to ‘neutral’ from ‘calibrated tightening.’

08 Feb 2019 1:33 AM

Two-thirds of 65 economists expected the RBI to hold the repo rate at 6.50 per cent. (Photo: FIle)

RBI likely to change stance, close on rate cut

A 25 basis point rate cut by mid-2019 is to be expected.

05 Feb 2019 10:53 AM

China's economic growth is projected to slow down to 6.2 per cent each in 2019 and 2020 and 6 per cent in 2021, according to the January 2019 Global Economic Prospects report released by the World Bank on Tuesday. (Representational Image)

India's GDP to grow at 7.3 per cent in 2018-19: World Bank

The World Bank said India will continue to be the fastest growing major economy in the world.

09 Jan 2019 8:55 AM

The Standing Committee on Finance has also asked banks to install adequate number of ATMs.

Dry ATMs: Par panel nudges RBI to fix the problem

As per a data of RBI, there were 2,21,492 Automated Teller Machines (ATMs) in the country as at September-end 2018.

07 Jan 2019 11:34 AM

Who will RBI gov oblige?

Das will have busy days ahead as he adjudicates on the issue of liquidity and credit availability for banks and non-banking finance companies (NBFCs).

06 Jan 2019 12:02 AM

The Rs 20 notes accounted for 9.8 per cent of the total number of currency notes in circulation at the end of March 2018. (Photo: RBI release)

RBI to soon release new Rs 20 bank note

The new look notes are being introduced since November 2016 under Mahatma Gandhi (New) series.

25 Dec 2018 12:40 PM

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Saving the ‘suited-booted’

Equally important is ruthless recovery of loans from the big corporates.

25 Dec 2018 1:38 AM

New raja likely to be a good fit at Mint Street

The first two governors of the RBI worked under the Raj.

19 Dec 2018 1:53 AM

Urjit Patel, handpicked by Prime Minister Modi becomes the first RBI Governor since 1990 to step down before his term ends.

Centre tramples yet another institution

The RBI’s independence and its role in running the nation’s monetary policy and inflation watching cannot be under dispute.

11 Dec 2018 1:38 AM

During his tenure, Raghuram Rajan had differences with government and did not get an extension. (Photo: File | AP)

All Indians should be concerned: ex-RBI Guv Rajan on Urjit Patel's resignation

Patel, who faced possibility of unprecedented action from govt over differences on issues, resigned from his job, citing personal reasons.

10 Dec 2018 7:42 PM

Advocate M L Sharma had accused Finance Minister Arun Jaitley of 'plundering' the capital reserve of the RBI. (Photo: File | PTI)

SC rejects PIL against Arun Jaitley, fines lawyer Rs 50,000

'We find no reason whatsoever to entertain this PIL,' bench comprising CJI Ranjan Gogoi and Justcie S K Kaul said.

07 Dec 2018 12:44 PM

Finance Minister Arun Jaitley. (Photo: Twitter | ANI)

Government does not need RBI funds yet: Arun jaitley

RBI to aid small businesses and give bankers more time to step up capital norms to encourage lending and stimulate the economy.

24 Nov 2018 1:32 PM

The government waved the populist flag of the liquidity woes of the medium, small and micro enterprises (MSMEs) at the RBI.

Govt slugfest with RBI finally ends in a draw

The RBI has sensibly shown selective flexibility to soothe angry government voices.

22 Nov 2018 6:39 AM

Crack whip on fraudsters

The government’s own data shows there were over 8,670 fraud cases totalling Rs 6,12,600 crores over the past five years, upto March 31, 2017.

22 Nov 2018 12:05 AM

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Anita Katyal