Reserve Bank of India (RBI)

Coronavirus: RBI issues advisory, asks banks to encourage use of digital banking among customers

In the wake of the novel coronavirus outbreak in the India, the RBI has directed a few operational guidelines to banks across the country.

Mar 16, 2020

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.

Mar 14, 2020

Deposited money is safe: RBI asks state government to stop withdrawals from private banks

The trigger of such heavy withdrawal is believed to be the Yes Bank crisis that was superseded by the RBI placed restrictions on withdrawals.

Mar 13, 2020

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

Large financial institutions and corporates are ramping up their contingency planning efforts to combat the spread of coronavirus amongst its staffers, which include telling them to self-quarantine for 14 days if exposed to someone suffering from the virus, deep cleaning of offices and splitting operations such that some staff can work-from-home in affected regions.

Mar 12, 2020

Have an account with Yes Bank? Here's what you can do

Retail depositors with their money with Yes Bank across the country are in a state of panic and have been withdrawing money as much as they can.

Mar 6, 2020

Huge volatility on Dalal Street as coronavirus reaches India

Last day at the Dalal street witnessed huge volatility in benchmark indices as cases of Coronavirus confirmed across three cities in India.

Mar 3, 2020

Bank employees' unions to call for a nationwide three-day strike from March 11 to 13

The bank employees' unions have warned to go on a three-day strike from March 11 to 13 and an indefinite strike from April 1, if their wage demands go unmet.

Feb 28, 2020

Double trouble for economy: Factory output contracts, retail inflation jumps to six-year high

The jump in inflation in a likely indication for the Reserve Bank of India (RBI) to stop easing credit rates in the country's financial market.

Feb 13, 2020

As retail inflation soars high, RBI likely to put hold on rate cuts

Economists say that rising headline and food inflation would soon feed into core inflation - stripping out food and fuel prices.

Jan 14, 2020

RBI curbs Bengaluru private bank from doing business for alleged irregularities

RBI has clarified that its directive should not be construed as a cancellation of the bank's license issued by it.

Jan 12, 2020

Govt mulls over cutting spending to curb deficit; may hurt growth

Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.

Jan 7, 2020

Market outlook: RBI's 'operation twist', Jharkhand results to sway indices

Investor sentiments will be swayed by derivatives expiry and rupee's strength against the US dollar.

Dec 22, 2019

Day after Amit Shah showered praises on Sitharaman, IMF signals slashing India's growth estimates

The statement from the IMF has come at a time when Home Minister Amit Shah finally admitting that the country is facing a slowdown because of the conditions in the global economy.

Dec 18, 2019

Why is Yes Bank board wary of tycoon who wouldn't invest if it was 'No Bank'?

The past of the Canadian who made the $1.2-billion bid for Yes Bank controlling stake is so mysterious with vastly contrasting narratives that Netflix wants to tell his story.

Dec 11, 2019

Ticking time bomb? Rajan warns of crisis in realty, infrastructure segments

The former RBI governor said real estate, construction and infrastructure sectors are in deep trouble amid the growth recession of low economic expansion and growing unemployment.

Dec 8, 2019

RBI to make sixth interest rate cut, but will it help boost the economy?

Growing by 4.5 percent annually in the June-September quarter, down from 7 percent a year earlier, the economy is expanding well below the rate needed to generate enough jobs.

Dec 4, 2019

No decrease in direct tax collection, went up 5% in November: Sitharaman

FM Sitharaman categorically said that there was no decrease in direct tax collection. "In fact, there is an increase of 5 per cent in the gross direct tax collection till November this fiscal."

Dec 3, 2019

More rate cuts expected as economic growth erodes further

Initially ignoring any signs of a slowdown in the economy, the Modi government has finally woken up and is taking measure to arrest the economy from slipping further.

Dec 1, 2019

Market outlook: Lending rates, auto sales to set equities trends

The direction of foreign fund flows, rupee's movement against the US dollar as well as global crude oil prices will affect investor sentiment.

Dec 1, 2019

What does future hold for DHFL after RBI supersedes board?

Adversely affected by country's non-banking financial corporation (NBFC) crisis, the DHFL's debt has significantly ballooned to Rs 88,000 crore.

Nov 22, 2019