Reserve Bank Of India | The Asian Age

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On the other hand, RBI spent Rs12,877 crore (Rs 4,912 crore in FY18 and Rs7,965 crore in FY17) for printing new currency notes after old notes were banned

RBI got back almost all banned 500, 1,000 notes

The central bank said Rs 15,31,073 crore of Rs 15,40,000 crore of demonetised notes returned back to the banking system.

30 Aug 2018 1:26 AM

The public sector banks (PSBs) had reduced their non-performing assets (NPAs) by Rs 64,106 crore in the last financial year through actual recoveries, revealed an RTI query. (Photo: PTI)

PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI

The reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs 8,95,601 crore.

29 Aug 2018 3:40 PM

The Reserve Bank of India (RBI) on Wednesday said transfer of surplus to the government rose by 63.08 per cent to Rs 50,000 crore during the financial year ended June 30, 2018.

RBI surplus transfer to govt rises 63.08 pc in FY 2018

A surplus of Rs 50,000 crore was transferred to the central government in FY18.

29 Aug 2018 3:17 PM

The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

RBI employees' 2-day mass leave to paralyse banking operations

UFRBOE has called the mass casual leave on September 4 and 5 which will be participated by all officers.

28 Aug 2018 7:01 PM

The RBI has yet to comment on the situation, though the RBI governor had commented on the global situation earlier this month whilst announcing the monetary policy.

Falling rupee will burn a hole in our pockets

There are hopes in some quarters that the Reserve Bank of India would intervene to stop the rupee’s slide.

18 Aug 2018 12:36 AM

India is printing currency notes in China, says a newspaper report. Quoting Liu Guisheng, president of the China Banknote Printing and Minting Corporation.

China printing Indian currency notes, says report

A host of countries, including India, have contracts with the Chinese government for printing of currency notes, says the report.

14 Aug 2018 10:09 AM

Banks will soon have to refund you the value of such notes as the government and the central bank are working on amending the rules governing their exchange. (Photo: PTI)

Law soon for exchange of torn Rs 2,000 and Rs 200 notes

At present, banks are finding it impossible to exchange soiled Rs 200 and Rs 2,000 banknotes.

14 Aug 2018 9:35 AM

RBI net sells USD 6.184 billion of US currency in June

Reserve Bank continued to remain net seller of the US currency for the third consecutive month in June.

12 Aug 2018 5:18 PM

The rupee hit a fresh two-week low of 68.93 against the US dollar in early session on Tuesday.

Rupee may dip to 70 per US dollar

Credit Suisse says oil price remains key factor; RBI may hike rates.

08 Aug 2018 12:27 AM

The weakness in rupee is expected to continue further and the domestic currency could touch 70 per US dollar if crude oil prices continue moving upward, says a Credit Suisse report.

Weakness in rupee to continue further, may fall to Rs 70 per dollar

The rupee hit a fresh two-week low of 68.93 against the USD in early session.

07 Aug 2018 11:53 AM

Days after Reserve Bank of India hiked the benchmark, repo rate, HDFC Bank on Monday increased fixed deposit rates on various maturities by up to 0.6 per cent.

HDFC Bank raises fixed deposit rates by up to 0.6 per cent

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate.

06 Aug 2018 3:24 PM

The RBI needs to pick one battle at the expense of the other, while also acknowledging that either choice leaves apart of economy vulnerable.

Analysis: RBI chooses between falling rupee and banking cash crunch

Economists suspect it may choose currency stability, regardless of how tight funding conditions get.

03 Aug 2018 2:10 PM

The Reserve Bank of India's (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a "win-win" situation for both markets and the banks.

RBI rate hike a 'win-win' situation for markets, banks

The MPC added that the volatility in global financial markets continues to impart uncertainty to the inflation outlook.

02 Aug 2018 12:11 PM

Following the hike, the repo rate stands at 6.5 per cent and the reverse repo rate under the liquidity adjustment facility (LAF) stands adjusted to 6.25 per cent.

RBI hikes key rate 2nd time in two months

This is the second consecutive rate hike by the RBI after it increased the repo rate by similar percentage points in its June policy meeting.

02 Aug 2018 2:00 AM

RBI hikes key rate second time in two months

Retail inflation pegged at 4.8 per cent for second half of current fiscal.

02 Aug 2018 12:58 AM

Reserve Bank of India has decided to hike the repo rate by 25 bps from 6.25 per cent to 6.50 per cent.

RBI hikes repo rate by 25 bps to 6.5 pc after its 3rd bi-monthly MPC meet

Reserve Bank of India has hiked the repo rate for the second consecutive month.

01 Aug 2018 2:43 PM

The State Bank of India, which is India's largest lender, has from Monday raised the interest rates on fixed term deposits.

Fixed term deposits in SBI to now emanate higher interests

The revised rate which comes into effect from 30th July, 2018, will be applicable on retail deposits below Rs 1 crore.

30 Jul 2018 2:20 PM

The outgoing chief economic advisor has praised the government for staying on the fiscal prudence path resisting the public pressure by not cutting excise duty on petroleum products when crude prices hit a record high in April and May. (Photo: ANI)

Fuel, land and electricity will be under GST, says CEA Arvind Subramanian

He also praised the central bank for handling of rupee volatility.

20 Jul 2018 11:56 AM

The Reserve Bank of India is set to introduce a new Rs 100 denomination note. (Photo: ANI/Twitter)

Reserve Bank of India to shortly issue lavender coloured Rs 100 notes

The existing 100 rupee note will continue to be legal tender, as told by RBI.

19 Jul 2018 3:42 PM

India’s retail inflation rate accelerated to a five-month high of 5.0 per cent in June, government data showed on Thursday, driven by higher fuel prices and a depreciating rupee. (Photo: AP)

Retail inflation accelerates to 5 per cent in June

June was the eighth straight month in which inflation was higher than the central bank’s medium-term target of 4 per cent.

12 Jul 2018 6:00 PM

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K.C. Singh