Reserve Bank Of India | The Asian Age

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The government said there is a pause in printing of Rs 2,000 notes for now. (Photo: PTI)

ATMs go dry but pause on printing of Rs 2,000 notes

The government suspects Rs 2,000 notes were being hoarded and it plans to increase five-fold the printing of Rs 500 notes.

18 Apr 2018 12:13 PM

A parliamentary panel has called Reserve Bank Governor Urjit Patel on May 17 to answer queries on a spate of banking scams unearthed in the last few months, sources said.

Parliamentary panel calls Urjit Patel to answer queries on bank scams

Patel had recently said that the RBI doesn't have adequate powers to deal with pubic sector banks.

17 Apr 2018 3:19 PM

Reserve Bank of India had two years back conducted a detailed scrutiny to probe allegations of impropriety in ICICI Bank extending loans to Videocon Group.

No 'quid pro quo' in ICICI loans to Videocon two years ago: RBI docs

The RBI had undertaken a scrutiny in mid-2016.

15 Apr 2018 2:05 PM

The country's foreign exchange reserves rose by USD 503.6 million to touch a life-time high of USD 424.864 billion in the week to April 6.

India's forex reserves at record high of USD 424.867 billion

In the previous week, the reserves had surged by USD 1.828 billion to USD 424.366 billion.

13 Apr 2018 5:37 PM

Analysts uncertain on RBI rate cut due to inflation concerns

Even as inflation cooled to 4.3 per cent for March led by food prices, analysts are not so certain about a policy rate cut by Reserve Bank.

13 Apr 2018 3:45 PM

The Reserve Bank of India (RBI) imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.

RBI slaps Rs 3 crore monetary penalty on IDBI bank

Reserve Bank of India imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the norms.

12 Apr 2018 2:28 PM

RBI sets rupee reference rate at 64.9368 against US dollar

The Reserve Bank of India on Tuesday fixed the reference rate of the rupee at 64.9368 against the US dollar and 79.9047 for the euro.

10 Apr 2018 5:52 PM

RBI sets rupee reference rate at 64.9287 against US dollar

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

09 Apr 2018 4:30 PM

The privatisation of loss-making Air India has hit a roadblock at the starting line-up itself.

Air India sale hits air pocket

The condition is that if the buyer is into aviation business, it will keep Air India’s operations at arm’s length.

09 Apr 2018 12:01 PM

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

RBI may start off rate hike cycle by Q4 2018: report

The global financial services major, expects the start of a shallow rate hike cycle by the fourth quarter of 2018.

08 Apr 2018 1:30 PM

ASSOCHAM, cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.

Cryptocurrency: ASSOCHAM calls for extreme care

it is quite pragmatic and courageous of the RBI to initiate exploratory steps towards the world of virtual currencies.

08 Apr 2018 11:18 AM

the current situation index has remained in the pessimistic zone since March 2017, while the future expectations index followed a similar trajectory, the survey showed.

Consumer confidence dips in March, says RBI survey

However, household’s assessment of the current as well as the future price situation have broadly remained unchanged.

07 Apr 2018 5:51 AM

The CBI on Friday questioned a former Deputy Governor of the Reserve Bank, H R Khan, in connection with alleged bank fraud cases involving diamond traders Nirav Modi and Mehul Choksi and relaxation of gold import policy by the erstwhile UPA government, sources said on Friday.

PNB fraud case: CBI quizzes ex-deputy governor of RBI

The officials said he was questioned about the UPA government's 20:80 gold import scheme.

06 Apr 2018 6:46 PM

FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.

FICCI recommends RBI to 'find space for rate cut'

FICCI has said the former must find space for a rate cut in the coming quarters.

06 Apr 2018 5:43 PM

Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.

RBI to review feasibility of introducing digital currency

Virtual currencies raise concerns of consumer protection, market integrity and money laundering.

06 Apr 2018 3:48 PM

RBI sets rupee reference rate at 64.9884 against US dollar

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar and 79.5133 for the euro.

06 Apr 2018 2:02 PM

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI directs payment operators to keep data within India

RBI said, will be given six months to make the necessary transition.

06 Apr 2018 11:53 AM

RBI cracks down on digital currencies; plans own cryptocurrency

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies.

05 Apr 2018 6:21 PM

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI dumps GVA model, switches back to GDP to meaure economy

Government had started analysing growth estimates using GVA methodology from January 2015.

05 Apr 2018 5:49 PM

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex vaults 577 pts as RBI holds rate, lowers inflation forecast

The reverse repo rate, at which it borrows from banks and absorbs excess liquidity, will remain at 5.75 per cent.

05 Apr 2018 4:37 PM

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Anita Anand