Reserve Bank Of India | The Asian Age

Friday, May 10, 2024 | Last Update : 01:51 AM IST

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The Reserve Bank of India on Wednesday fixed the reference rate of the rupee at 67.6288 against the US dollar and 78.1992 for the euro.

RBI sets rupee reference rate at 67.6288 against dollar

The corresponding rates were 67.8201 and 78.6984, yesterday.

30 May 2018 4:39 PM

Sudha Balakrishnan has been appointed as the first chief financial officer (CFO) of the Reserve Bank.

Sudha Balakrishnan appointed as first CFO of Reserve Bank of India

The CFO will be responsible for reporting of financial information of the central bank.

29 May 2018 7:06 PM

Hardening domestic fuel prices are likely to weigh on the Reserve Bank's rate setting panel, MPC, at its 3-day meet from June 4.

Fuel prices to weigh on RBI's MPC 3-day meet from June 4

The domestic retail petrol and diesel prices are at all time high on account of rise in crude oil prices.

29 May 2018 5:13 PM

Pune-based Rupee Co-operative Bank has been asked by the Reserve Bank to continue giving its services with restrictions for three more months till August this year in view of its financial position.

RBI asks Rupee Co-op Bank to continue restriction for 3 more months

As per Rupee Co-Operative Bank website, the lender has 40 offices/branches, including the headquarter in Pune, across Maharashtra.

28 May 2018 6:08 PM

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 67.4430 against the US dollar and 79.0027 for the euro.

RBI sets rupee reference rate at 67.4430 against dollar

The exchange rates for the pound and the yen against the rupee were 89.8880 and 61.57 per 100 yens, respectively.

28 May 2018 5:52 PM

Patel had recently said that the Reserve Bank of India (RBI) did not have adequate powers to deal with public sector banks. (Photo: File)

RBI Governor to brief parliamentary panel on mounting bad debts

Patel will talk about the conditions of nationalised banks in view of rising NPAs and the future course of action to tackle bank frauds.

27 May 2018 4:42 PM

Banks' credit grew by 12.64 per cent year-on-year to Rs 85,51,099 crore in the fortnight ended May 11, 2018, according to an RBI data.

Bank credit grows at 12.64 per cent, deposits at 7.61 per cent

Advances to industry grew by 0.7 per cent in March 2018, compared with a contraction of 1.9 per cent in March 2017.

24 May 2018 2:25 PM

Former PNB MD misled RBI: CBI chargesheet

Ananthasubramanian was among the PNB officials chargesheeted in the case.

22 May 2018 1:54 AM

Modifying the norms for setting up IFSC Banking Units, RBI said on Thursday that the parent bank will be required to provide and maintain at all times a minimum capital of USD 20 million to its IBU.

RBI tweaks norms for setting up of IFSC Banking Units

RBI said modification has been made based on suggestions from stakeholders to consider minimum prescribed regulatory capital.

17 May 2018 8:49 PM

The Reserve Bank of India on Thursday fixed the reference rate of the rupee at 67.7156 against the US dollar and 79.8909 for the euro.

RBI sets rupee reference rate at 67.7156 against dollar

The corresponding rates were 67.8276 and 80.2943, as on Wednesday.

17 May 2018 4:03 PM

The rupee climbed 0.46 per cent to end the day at 67.80 per dollar. On Tuesday, the local currency slipped below the crucial 68-level marks for the first time since January 2017 to close at 68.11.

Karnataka uncertainty makes Sensex end in red

According to the provisional data released by the stock exchanges, foreign portfolio investors (FPI) sold shares worth Rs 699.22 crore.

17 May 2018 12:19 AM

An expert involved with the money trade coin industry has said people continue to face problems converting crypto currencies into fiat currency or other crypto currencies because of existing firm government regulations.

Cryptocurrency industry facing tough phase in India, says expert

RBI notification is one among many reasons for this tough phase in MTCX.

16 May 2018 1:44 PM

The Reserve Bank is expected to begin its rate hike cycle from December quarter, and may go for three rate hikes by 2019 taking the key policy rate to 6.75 per cent, says a Morgan Stanley Report.

RBI may go for 3 rate hikes from December quarter: report

It may go for three rate hikes by 2019 taking the key policy rate to 6.75 per cent.

14 May 2018 2:10 PM

RBI sets rupee reference rate at 67.2203 against US dollar

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 67.2203 against the US dollar and 80.0863 for the euro.

11 May 2018 3:10 PM

A three-month slide in India’s inflation rate likely ended in April due to higher energy prices.

Retail inflation seen climbing on higher oil prices: reports

April will be the sixth straight month of inflation above the RBI’s 4 per cent medium-term target.

11 May 2018 2:21 PM

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

Union Bank of India sees improvement after USD 384 million loss

Twenty one banks majority owned by New Delhi account for bulk of India’s bad loans.

11 May 2018 12:04 PM

The banking regulator rarely makes allowances for specific sectors and that principle will extend to the power sector as well.

RBI refuses to ease NPA norm, shocks power sector

RBI is not in favour of any special forbearance for the sector that would have prevented the loans from being categorised as NPA.

09 May 2018 12:59 PM

The Reserve Bank of India on Thursday fixed the reference rate of the rupee at 66.6093 against the US dollar and 79.8579 for the euro.

RBI sets rupee reference rate at 66.6093 against US dollar

The corresponding rates were 66.6636 yesterday.

03 May 2018 1:43 PM

The Reserve Bank of India on Wednesday fixed the reference rate of the rupee at 66.6636 against the US dollar and 80.0097 for the euro.

RBI sets rupee reference rate at 66.6636 against US dollar

The corresponding rates were 66.7801 and 80.7438, as on Friday Apr 27.

02 May 2018 4:28 PM

Data localisation critical for security of India's payment systems: Paytm

The operators have been given six months' time to comply with the directive of the central bank.

30 Apr 2018 5:10 PM

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K.C. Singh