Reserve Bank Of India (RBI)

Friday, Apr 26, 2024 | Last Update : 02:33 PM IST

Reserve Bank of India (RBI) Page-5

Citing medium term risks to inflation and uncertainties on external and fiscal fronts, RBI Governor Urjit Patel had pleaded for keeping interest rate unchanged. (File Photo)

Inflation, fiscal uncertainty led to rate status quo: RBI Governor

RBI Governor Urijt Patel emphasised the need for keeping headline inflation close to 4 per cent on a durable basis.

18 Oct 2017 8:45 PM

The RBI in its monetary policy review minutes stated that it was worried about consumer prices threatening its 4 per cent inflation target. (Photo: PTI)

RBI worried rise in consumer prices could threaten inflation target

The RBI’s six-member monetary policy committee voted 5-1 to keep the repo rate unchanged at the on October 4 meeting.

18 Oct 2017 6:36 PM

The RBI on Tuesday asked banks to "immediately" pay interest due on the gold deposited by individuals and institution under the Gold Monetization Scheme (GMS) launched in 2015.

Immediately pay interest on gold under GMS: RBI to banks

Gold can be deposited under the GMS with a designated bank in the account of the Central government.

17 Oct 2017 8:31 PM

It might take as long as December to get Rs 200 notes in ATMs. Photo:Twitter| @ANI

Wait till December to get Rs 200 notes in ATMs

To dispense the Rs 200 notes, the ATM machines require recalibration them, which entails re-configuring the cassette.

17 Oct 2017 4:52 PM

At least 66 CVPS machines are being used for counting junked Rs 500 and Rs 1,000 notes that were deposited post demonetisation, said the RBI in an RTI reply. (Photo: PTI)

RBI using 66 counting machines to tally Rs 500, Rs 1,000 demonetised notes

In Reserve Bank offices, 59 CVPS machines are used and each machine is operated by a set of five persons under a supervisor.

16 Oct 2017 5:19 PM

RBI refuses to share details of Swachh Bharat logo on Rs 500, Rs 2,000 notes

The RTI query was filed with the Department of Economic Affairs -- that deals with the policy formulation in respect of currency.

15 Oct 2017 5:49 PM

A BofAML report said the Reserve Bank is likely to go for a rate cut in December after cooling inflation figures.

RBI likely to cut rate in December post September's steady inflation: BofAML

As per Consumer Price Index (CPI) data, retail inflation came in at 3.28 per cent in September.

15 Oct 2017 4:28 PM

Finance Minister Arun Jaitley has said that he never talked about any stimulus package for boosting economy. (Photo: PTI)

Never talked about fiscal stimulus: Jaitley

The Finance Minister said that gradually India has been moving on a glide path, which will continue.

15 Oct 2017 11:32 AM

RBI Governor Urjit Patel said that while Indian policy makers are concerned about growth, it will not take priority over inflation.

Growth important, but not at cost of inflation: RBI Guv Urjit Patel

The slowdown had sparked some calls for lower interest rates, but with inflation rising, the RBI left rates unchanged.

09 Oct 2017 12:27 PM

The RBI has initiated a 'prompt corrective action' against state-owned Oriental Bank of Commerce (OBC) for high bad loans. Photo: PTI

RBI begins 'corrective action' against Oriental Bank of Commerce for bad loans

The move will place various restrictions on the public sector lender including on fresh loans and dividend distribution.

07 Oct 2017 8:02 PM

The Reserve Bank on Wednesday said banks should remain sensitive to requirements of senior citizens as well as differently-abled persons. Photo: PTI

RBI urges banks to be sensitive to senior citizen, differently-abled people

The Reserve Bank of India also permitted co-operative banks to open current accounts.

04 Oct 2017 8:26 PM

The finance ministry on Wednesday said it has taken note of the RBI decision to maintain status quo on interest rate. Photo: PTI

RBI repo rate status quo, lower growth forecast noted, says Finance Ministry

The ministry, however, welcomed the initiative with regard to Peer to Peer (P2P) NBFC financing regulation.

04 Oct 2017 7:05 PM

The RBI is contemplating a transparent foreign exchange trading platform with a view to encouraging retail participation.

RBI mulls transparent foreign exchange trading platform

Such a mechanism will provide transparency while enhancing competition and lead to better pricing for customers, it said.

04 Oct 2017 5:38 PM

The Reserve Bank of India kept its policy rate unchanged at a near seven-year low of 6 percent on Wednesday.

Here's what experts have to say about RBI's monetary policy decision

Despite a slowing economic growth, RBI on Wednesday kept the repo rate unchanged at 6 per cent.

04 Oct 2017 3:53 PM

India’s bonds slumped on Wednesday, sending yield sharply higher, after the RBI cut the statutory liquidity ratio by 50 bps. (Representational Image)

RBI slashes SLR by 50 bps, India's bonds plummet

The RBI said it would reduce banks’ statutory liquidity ratio by 50 bps to 19.5 percent from the fortnight starting October 14.

04 Oct 2017 3:37 PM

RBI Governor Urjit Patel at an earlier press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI keeps repo rate unchanged at 7-year-low of 6 pc amid inflation concerns

This was fourth bi-monthly policy review of 2017-18 by RBI's Monetary Policy Committee.

04 Oct 2017 2:40 PM

The Monetary Policy Committee headed by RBI Governor Urjit Patel started two-day deliberations on Tuesday. Photo: PTI

Will RBI slash repo rate as industry, govt want a cut?

A top finance ministry official said last week that there is scope for an RBI rate cut as retail inflation continues to be low.

03 Oct 2017 3:00 PM

Sensex surged 332 points on Tuesday and the Nifty was back on top of 9,800 on optimistic buying ahead of RBI policy review. Photo: PTI

Sensex pulls 332 points higher ahead of RBI meet, on global cues

Auto stocks also drove up the market after encouraging September sales data.

03 Oct 2017 10:22 AM

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Govt expects helping hand from RBI in form of rate cut amidst slowdown

The Monetary Policy Committee of the RBI is scheduled to come out with next bimonthly monetary policy decision on October 4.

02 Oct 2017 12:33 PM

RBI has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.

RBI has been intervening to stem rupee's appreciation: CEA

Subramanian said there was a 'big' appreciation of the rupee between January and April.

25 Sep 2017 2:06 PM

5 of 9

Columns

Sunil Gatade