The RBI said as of June 30 it “stands as a central bank with one of the highest levels of financial resilience globally”.
30 Aug 2019 1:47 AM
Report states, ‘balance in contingency fund as of June 30, 2019 was Rs 1.96 lakh crore compared to Rs 2.32 lakh crore as of June 30, 2018.’
29 Aug 2019 6:55 PM
The RBI was founded in 1935 and has been operating according to the Reserve Bank of India Act of 1934.
28 Aug 2019 2:47 AM
The RBI is aware and concerned about slow growth and cut interest rates in its policy statement.
28 Aug 2019 1:10 AM
This follows the RBI board accepting the recommendation of high-level panel headed by its former governor Bimal Jalan.
26 Aug 2019 9:08 PM
DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.
21 Aug 2019 12:31 PM
A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.
21 Aug 2019 11:31 AM
Every bank has to deposit a percentage of their deposits in the RBI to safeguard the interests of the depositors.
20 Aug 2019 8:21 AM
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
19 Aug 2019 1:14 PM
SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.
19 Aug 2019 12:40 PM
Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.
14 Aug 2019 4:02 PM
Bank of India said that it has cut the one-year MCLR where more than 80 per cent of its loan book sits by 25 bps, effective August 10.
10 Aug 2019 1:24 AM
Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of funding.
08 Aug 2019 4:04 PM
The 35 basis points (bps) cut in the repo rate is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.
08 Aug 2019 2:04 AM
The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected in its June policy.
08 Aug 2019 1:59 AM
The economy needs to be pumped up as every sector from automobiles to agriculture is seeing a slowdown.
08 Aug 2019 12:00 AM
On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement said.
07 Aug 2019 7:35 PM
A detailed guideline in this regard will be issued by September-end.
07 Aug 2019 3:00 PM
The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.
07 Aug 2019 1:36 PM
The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.
07 Aug 2019 12:49 PM