Reserve Bank Of India | The Asian Age

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There is a whole bunch of things that the finance minister just announced. There will be more. Of course, there is a Budget in few months from now where bigger and more clear vision for next few years will be unveiled," said Principal Economic Adviser Sanjeev Sanyal. (Photo: File)

More space on monetary side than fiscal for boosting growth: Sanyal

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.

18 Sep 2019 12:42 PM

With regard to structural reforms, RBI Governor Shaktikanta Das said the RBI has already pointed out in its annual report. (Photo: File)

5 pc Q1 growth surprise; economy will look up with measures taken: RBI Gov Das

He said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months.

16 Sep 2019 7:28 PM

Inflation in the food basket was 2.99 per cent, up from 2.36 per cent in July. (Representational Image)

Retail inflation inches up to 10-month high of 3.21 pc in August

However, retail inflation is still within the Reserve Bank's target range, thus keeping hopes of another rate cut alive.

12 Sep 2019 7:18 PM

The bankers are on board and "... we shall shortly be coming out with the contours that have been finalised between the Reserve Bank of India (RBI), the finance ministry and the commerce ministry," said Commerce Minister Piyush Goyal. (Photo: File)

Govt to release norms for foreign exchange loans to exporters at affordable rates

The programme will make foreign exchange credit available to exporters at competitive rates, said Commerce Minister Piyush Goyal.

12 Sep 2019 2:24 PM

Banks will be free to decide the spread over the external benchmark. Subsequently, credit risk premiums may undergo change when a borrower's credit assessment also undergoes a substantial change, as agreed upon in the loan contract, Moody's said.

RBI mandate on floating rate benchmark rates is credit negative for banks: Moody's

This is credit negative for India's banks as it will limit their flexibility in managing interest rate risk, Moody's said in a statement.

10 Sep 2019 2:12 PM

Finance Minister Nirmala Sitharaman (Photo: File)

In times of economic anxiety, old is gold indeed

Madame Sitharaman, it is time to rejig outdated rules and challenge Budget traditions.

07 Sep 2019 12:16 AM

Shares of housing finance companies (HFCs) fell sharply after Reserve Bank of India directed all categories of lenders to link their loan interest rates to an external benchmark from next month coinciding with the festive season.

HFCs take a beating after RBI’s repo diktat

Banks are grappling with high deposit costs and are also burdened with about $150 billion in stressed assets.

06 Sep 2019 1:42 AM

Finance Minister Nirmala Sitharaman (Photo: PTI)

PMO likely to take call on use of RBI funds

PMO’s intervention seems more likely after the FM said recently that the government was yet to decide how to utilise Rs 1.76 lakh crore.

01 Sep 2019 1:20 AM

The RBI fiscal year (June to July) overlaps two successive fiscal years (April to March) of the government.

RBI plays white knight to cash-strapped govt

The FD target for FY 2019-20 is an unreachable 2.85 per cent of GDP.

31 Aug 2019 12:06 AM

The Reserve Bank of India’s contingency fund that takes care of unforeseen emergencies has depleted to Rs 1.96 lakh crore as of June 30 after it transferred Rs 52,000 crore excess payout to the government, according to its Annual Report for FY19 released on Thursday. This week, the RBI had announced the highest ever dividend transfer of Rs 1.76 lakh crore to the government.

RBI’s contingency fund falls to Rs 1.96 lakh crore

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

On the other hand, the RBI balance sheet expanded by 13.42 percent to Rs 41.03 lakh crore while its income soared by 146.59 percent to Rs 1.93 lakh crore in 2018-19, the central bank said in its Annual Report. (Photo: AFP)

Bank frauds take 74pc leap to Rs 71,543 crore in FY19: says Reserve Bank's annual report

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

What went behind RBI decision to transfer funds?

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

Huge RBI dividend a bonanza for government

The RBI is aware and concerned about slow growth and cut interest rates in its policy statement.

28 Aug 2019 1:10 AM

The board of central bank decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF). (Photo: AFP)

RBI approves surplus transfer of Rs 1.76 lakh crore to government

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

Rajkiran Rai, the managing director and chief executive for the state-run UBI, which is the lead-lender to the crippled housing financier, Tuesday clarified that if the banks take equity stake in the company, it will be for a short -term, which is till they get a suitor.

DHFL resolution: Banks may convert debt into equity, says Union Bank

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

The best option we believe could be that regulator enforces all incremental bulk deposits henceforth to be repo linked/flexible, SBI report said. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest rates: SBI report

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

Government, RBI must work closely for a ‘big bang’ cut

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

Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, RBI governor Shaktikanta Das ruled out ordering an asset quality review of the large NBFCs, says the RBI is not thinking about conducting one for now as it had done for the banks in late 2016 and early 2017.

RBI rules out asset quality review of NBFCs for now

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

The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, said Reserve Bank governor Shaktikanta Das. (Photo: File)

Time has come for banks to link loans, deposits to repo rate: RBI Gov Das

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

The constant nudging of banks to lend more to NBFCs is in contrast to the global trend of authorities trying to break the linkages between banks and NBFCs, the Fitch report noted. (Representional Image)

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM

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Sanjeev Ahluwalia