Reserve Bank Of India | The Asian Age

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RBI to leave rates untouched again

MPC may shrug off inflation build-up

02 Aug 2021 12:19 PM

Union Finance Minister Nirmala Sitharaman addresses a press conference on Cabinet decisions, in New Delhi, Wednesday, July 28, 2021. (PTI Photo

Union Cabinet approves Bill to protect bank deposits of up to Rs 5 lakh

Union Cabinet on Wednesday approved a Bill to protect bank deposits of up to Rs 5 lakh

29 Jul 2021 7:27 AM

In August 2019, the Reserve Bank of India (RBI) had issued a framework for processing of e-mandates on recurring online transactions. — Representational image

RBI extends timeline to comply with new rule for online transactions by 6 months

The primary objective of the framework was to protect customers from fraudulent transactions and enhance customer convenience

01 Apr 2021 7:41 AM

Reserve Bank of India Governor Shaktikanta Das (PTI)

Sanjeev Ahluwalia | Keeping Big Biz out of banks not a good idea

Increasing the number of well- capitalised private banks will induce competition and dilute the concentration of economic power

04 Dec 2020 7:35 AM

Outside view of Lakshmi Vilas Bank, in Mumbai, Wednesday, Nov 18, 2020. Shares of Lakshmi Vilas Bank (LVB) plunged as much as 20 per cent -- lower circuit -- on Wednesday after the Reserve Bank of India (RBI) imposed a 30-day moratorium on the cash-strapped lender, restricting cash withdrawals at Rs 25,000 per month. (PTI Photo)

Lakshmi Vilas Bank shareholders to get nothing after merger with DBS India

However, depositors need not worry as their deposits will be transferred to DBS and would be fully secured

19 Nov 2020 5:18 AM

The Reserve Bank of India (RBI) on Wednesday revised the guidelines for banks and NBFCs including housing finance companies to jointly lend to the priority sector. (PTI)

RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the economy

06 Nov 2020 1:42 PM

The RBI and the Finance Ministry have already filed separate additional affidavits in the top court saying that the banks, financial and non-banking financial institutions will credit into the accounts of eligible borrowers by November 5 the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme period. (PTI)

Loan moratorium: RBI urges SC to lift interim order banning declaration of NPAs

The bench said that it would take up the matter for hearing on November 18

05 Nov 2020 1:58 PM

Reserve Bank of India (RBI) governor Shaktikanta Das

Edit | India's economic recovery is contingent on curbing COVID-19

A full recovery in the economy, therefore, would be incumbent on how fast the world defeats the coronavirus.

12 Oct 2020 6:40 PM

Solicitor General Tushar Mehta appeared for the Cent re and the Reserve Bank of India (RBI).

Moratorium period on loan repayment extendable by two years: Centre, RBI to Supreme Court

The apex court had earlier asked the Centre and the RBI to review the move to charge interest on deferred EMIs during the moratorium period

01 Sep 2020 2:50 PM

Reserve Bank of India announced a slew of measures to maintain market stability. (PTI Photo)

RBI rides to rescue, unveils steps to cool rising bond yields

The RBI has allowed an additional 2.5 per cent of deposits for banks as HTM for the second half of the current financial year

01 Sep 2020 12:28 PM

According to the RBI, private spending has taken a hit particularly for transport services, hospitality, recreation and cultural activities. (PTI Photo)

AA Edit | Economy in freefall, govt must act quickly

Economists like Raghuram Rajan and others have suggested the government to open its purse strings to support the demand

27 Aug 2020 3:15 PM

Former RBI governor D Subbarao backs setting up of a bad bank to tackle rise in NPAs

Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency

26 Aug 2020 12:36 PM

Seen any lately? RBI says the number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at the end of March 2018 to 27,398 lakh pieces at end of March 2020. (PTI file photo)

Don't jump, Rs 2000 currency notes slowly being phased out

As per RBI's latest annual report, the big note was not printed at all during 2019-20

26 Aug 2020 9:24 AM

The Reserve Bank of India released its annual report on Tuesday. (File Photo)

We've good news: Crooks stole only Rs 28k crore during corona quarter

Bank frauds down from Rs 43k crore seen in the April-June quarter of 2019

26 Aug 2020 8:58 AM

The RBI's Monetary Policy Committee kept any further rate cuts on hold because inflation was rising. (AFP)

Rate cuts don't interest MPC any more. Let's worry about inflation now

Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019

22 Aug 2020 12:12 AM

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI releases national strategy for financial education, aims to create empowered India

The strategy will develop credit discipline and encourage availing credit from formal financial institutions as per requirement

20 Aug 2020 2:24 PM

India's July retail inflation dims chances of rate cut. (AFP Photo)

Retail inflation inches up to nearly 7% in July on higher food prices

Food prices soared due to supply-side disruptions caused by the coronavirus lockdown and rose 9.62% compared to a jump of 8.72% in June

14 Aug 2020 10:08 AM

Former Reserve Bank of India governor Raghuram Rajan. (PTI Photo)

India must focus on protecting economy not on what rating agencies think: Rajan

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy

07 Aug 2020 9:09 AM

RBI keeps interest rates on hold; raises limit for gold loans. (PTI Photo)

RBI increases gold loan-to-value ratio to 90%, interest rates unchanged

Monetary Policy Committee after three days of deliberations voted unanimously to leave the policy repo rate unchanged at 4 per cent

06 Aug 2020 2:52 PM

AA Edit | Fast-track infra growth

There is a speculation that the RBI could extend loan moratorium to cushion the impact of job losses

29 Jul 2020 5:42 PM

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Sunil Gatade