Reserve Bank Of India (RBI)

Wednesday, Apr 17, 2024 | Last Update : 12:06 AM IST

Reserve Bank of India (RBI) Page-8

The six-member Monetary Policy Committee headed by RBI governor Urjit Patel will review the repo rate on Wednesday.

RBI rate cut: What is policy rate and why it should bother you

A rate-cut will enable commercial banks to lower the interest rates at which they lend money to the customer.

01 Aug 2017 11:53 AM

RBI officials have urged banks to provide account number portability to customers.

Account Number Portability: Switch banks without changing account number

This will come as a relief for unhappy customers stuck with bank accounts they do not want to keep.

31 Jul 2017 5:27 PM

A sharp drop in food prices has made a strong case for a rate cut at the Monetary Policy Committee's August meet.

As food prices slump, pressure grows for more RBI rate cuts

Experts believe India is in the midst of a sustained easing of food prices as government has tamped them by keeping a lid on MSPs.

31 Jul 2017 9:37 AM

In relation to firms challenging RBI's directives in bad loan cases, RBI deputy governor SS Mundra on Wednesday said nobody can be prevented from approaching the judiciary.

Firms free to move judiciary over RBI's insolvency directive: S S Mundra

Essar Steel had moved high court seeking its direction to quash RBI's direction to banks to initiate insolvency proceedings.

26 Jul 2017 5:18 PM

Reports suggest that RBI has stopped the printing of Rs 2,000 notes that were introduced post demonetisation in 2016.

Find Rs 200 notes in your wallet by August, RBI stops printing Rs 2000 notes

Reports suggest supply of Rs 2,000 notes from the RBI had been declining as it finds few takers.

26 Jul 2017 12:42 PM

ICRA has anticipated that MPC of the Reserve Bank of India (RBI) would reduce the repo rate by 25 basis points (bps).

ICRA forecasts 25 bps repo rate in August 2017 MPC meet

It also said RBI is likely to indicate that additional open market operations would be conducted to manage liquidity surplus.

25 Jul 2017 5:54 PM

Retail inflation in India is expected to rise "noticeably" from 'trough' in June to 4.4 per cent in the second half of this year, says Nomura.

Retail inflation to shoot above RBI target in second half of 2017:Nomura

This rise will be led by rural wages, MSPs, a closing output gap and supply demand cobweb model of food prices starting to kick in.

25 Jul 2017 5:16 PM

Nearly 19 per cent of Indian population umbanked, says report

However, the study said the government and RBI have made alot of efforts to promote financial inclusion.

24 Jul 2017 9:12 PM

A search panel headed by the Cabinet Secretary is scheduled to interview candidates on July 29 to find a successor for RBI Deputy Governor S S Mundra.

10 candidates to interview for deputy gov's post at RBI

The successful candidate will be the successor to S S Mundra, the current deputy governor of RBI.

23 Jul 2017 4:38 PM

Members of the Monetary Policy Committee will be paid Rs 1.5 lakh per meeting along with air travel and other reimbursements.

RBI rules: MPC members' salary to be Rs 1.5 lakh per meet

MPC members should also take adequate precaution to ensure utmost confidentiality of its policy decision before it is made public.

23 Jul 2017 4:11 PM

RBI will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.

RBI to hire 12 currency verification systems to pick out fake notes

Previously, RBI governor Urjit Patel did not provide any 'specific number' on amount of money received post-demonetisation.

23 Jul 2017 12:49 PM

The RBI had earlier said that it cannot accept notes from individuals due to Centre’s restriction. (Photo: File/Representational)

Those with valid reason should get time to swap scrapped notes: SC to Centre

The Chief Justice of India said during the hearing that if these genuine people are not given a chance, then it is a serious issue.

04 Jul 2017 12:21 PM

5 things to expect from RBI's MPC meet today

Here are the five things that the MPC might be looking at in its second bi-monthly meet of 2017-18.

07 Jun 2017 1:27 PM

Reserve Bank of India Governor Urjit Patel.

MPC meet begins, RBI likely to hold policy rate say experts

The central bank would like to gauge the impact of GST rollout on inflation before changing policy rates say experts.

06 Jun 2017 3:57 PM

40-year-old Nagpur woman sold, tortured in Saudi Arabia

Woman claimed that she was lured with the promise of a job in the Reserve Bank of India (RBI) and later taken to Saudi Arabia.

07 May 2017 1:15 AM

Experts have voiced concern over how soon banks will be recapitalised in the event of a farm loan waiver.

Experts caution against loan waiver

When the UPA Government announced a farm loan waiver package of Rs 72,000 crore in 2008.

18 Apr 2017 2:05 AM

Rs 1,53,700 was stolen from company’s digital locker.

Firm allowed to deposit demonetised notes in Reserve Bank of India

The company had requested the court to allow it to deposit the money in the RBI before March 31.

29 Mar 2017 2:47 AM

No limit on cash withdrawal from March 13: RBI

Limit on cash withdrawals from the SB accounts will be enhanced to Rs 50,000 per week from the current limit of Rs 24,000 per week.

09 Feb 2017 6:50 AM

Economic survey 2016-17 has proposed the creation of a public sector asset rehabilitation agency (PARA) to resolve such large and complex cases.

Large write-offs needed to restore India Inc’s viability

Some of the obstacles currently plaguing loan resolution according to the survey is viability issues.

01 Feb 2017 3:42 AM

Nomura reiterated its earlier view that the negative impact of demonetisation on economic growth will be transitory.

Stable cash flow by March-end: Nomura

As on January 20, the currency in circulation as a percentage of GDP has risen to 6.5 per cent.

28 Jan 2017 4:05 AM

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Aakar Patel