Reserve Bank Of India | The Asian Age

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RBI moves to boost lending by Rs 3 lakh crore

Help to reduce Rs 35,000cr burden on public sector banks.

21 Nov 2018 5:05 AM

Win-win for govt and RBI as crisis defused

The outcome established the advisory nature of the RBI board and the independence of its governor, Urjit Patel.

21 Nov 2018 12:00 AM

RBI, govt signal truce after 9-hour meet; key issues referred to panel

Board suggests restructuring scheme for stressed assets of MSMEs.

20 Nov 2018 12:50 AM

RBI Governor Urjit Patel and his deputies came face to face with government nominee directors and independent members to arrive at a middle ground on some of the contentious issues. (Photo: File | PTI)

Urjit Patel vs Modi govt: RBI board concludes marathon meet in Mumbai

There are indications that RBI may be willing to ease lending norms for MSMEs but liquidity to NBFCs remains a sticking point.

19 Nov 2018 8:49 PM

Finance Minister Arun Jaitley (Photo: PTI)

Govt, RBI must work together, end turf war

An angry Jaitley wanted to know why the RBI had failed in its oversight duty of checking the increasing non-performing assets of retail banks.

19 Nov 2018 12:05 AM

More recently US President Donald Trump reacting to the hike in interest rates announced by the Federal Reserve (the US equivalent of the RBI) in October said “the Fed is going loco (crazy)” by increasing interest rates.

Pitfalls of taking on RBI

This is a pointer to the pitfalls in case the government at any time in the future decides to take on the RBI.

18 Nov 2018 12:00 AM

The recommendations being considered include setting up several committees comprising two to three board members each.

Centre to snub RBI gov, empower board

The move is meant to empower the regulator’s board, which includes government nominees, and give it a supervisory role.

17 Nov 2018 1:11 AM

As a consensus, sources said some of the banks are likely to be allowed to come out of the PCA framework by the end of the current fiscal.

Centre, RBI try to bury hatchet

Consensus on easing NPA rules and lending for SMEs in the offing.

15 Nov 2018 1:02 AM

Garg said that the only proposal concerning the reserves that the government is discussing is to fix the appropriate economic capital framework of the RBI.

Govt denies eyeing RBI’s Rs 3.6 lakh crore

Economic affairs secretary Subhash Chandra Garg said that the government has not asked the RBI to transfer Rs 3.6 lakh crore to it.

10 Nov 2018 1:22 AM

The very fact that nearly 100 per cent of the demonetised Rs 500 and Rs 1000 notes found their way back to the banks, some of them in ingenious deposits, proved the RBI’s contention that black money in India is held in real estate, gold or foreign currencies.

Economic misadventure

The justification about flushing out fake notes that are thought to support terrorism also proved to be too fanciful.

10 Nov 2018 1:10 AM

Govt-RBI row may delay bill, Urjit to skip LS panel hearing

The committee is supposed to submit its final report on the bill within three months, and is therefore racing against time to complete it.

06 Nov 2018 12:38 AM

Irked by an alleged denial of information on people who have taken bank loans of Rs 50 crore and above by the RBI despite a Supreme Court order, the Central Information Commission (CIC) has asked Patel to explain why a maximum penalty be not imposed on him for 'dishonouring' the verdict. (Photo: File)

RBI chief served notice for not disclosing wilful defaulters' list

CIC has asked PM's Office, Finance Ministry and RBI to make public the letter of Raghuram Rajan on bad loans.

05 Nov 2018 8:03 AM

So by giving a push to MSMEs, Mr Modi expects to boost employment. Most of the MSMEs operate in the informal sector and rural areas. (Photo: PTI)

Govt finally eases biz for MSMEs

MSMEs get just 6 per cent of their loan requirements from banks, since they are not in a position to offer collateral to the banks.

04 Nov 2018 12:00 AM

In August, the RBI paid Rs 50,000 crores as dividend to the government in line with the Budget provisions, helping the Centre stick to its fiscal roadmap.

Govt-RBI tussle over use of huge reserves?

That India’s finances are weak is a reality that is giving the jitters to the Modi government, with the general election now just months away.

02 Nov 2018 12:00 AM

Even while counselling caution to Reserve Bank on regulatory steps, Mr Chowdhury said the government should not undermine institutions like RBI.

Use caution or brace for slowdown: Experts

The clause empowers the central government to order the RBI to take specific action on the issues that it considers to be of public interest.

01 Nov 2018 12:55 AM

Government officials have recently called for the RBI to relax its lending restrictions on some banks. (Photo: File)

RBI-Centre clash, govt reportedly upset with bank for making rift public

RBI Deputy Governor Viral Acharya warned that undermining a central bank’s independence could be 'potentially catastrophic'.

30 Oct 2018 10:19 AM

The RBI must share the blame as it was negligent in its oversight. Its representatives on bank boards were sleeping on their watch.

Govt cannot use RBI as piggy-bank

The government is also peeved that the banks have become less forbearing in tackling non-performing assets.

30 Oct 2018 4:57 AM

RBI employees association seek central bank's autonomy: Viral Acharya

Govts that do not respect central bank's independence would sooner or later incur the wrath of the financial markets.

29 Oct 2018 2:27 PM

Globally, central banks have been in charge of the payments system, and in India RBI that was in control.

RBI should be autonomous

The government also had its differences with RBI governor Raghuram Rajan and that was why, it is said, he was not given a second term.

23 Oct 2018 12:03 AM

The Reserve Bank of India’s monetary policy committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes ahead even as it held rates unchanged at its last meeting.

Reserve Bank of India highlights inflation spike risk, signal rate hikes

Five of six MPC members had voted for keeping rates on hold at 6.50 per cent, surprising most economists.

22 Oct 2018 9:03 AM

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Anita Katyal