RBI

Uncertain week ahead as domestic, global uncertainties persist

The week ahead is expected to see much caution as RBI board meeting promises some fireworks over government's differences with Urjit Patel

21 minutes ago

Chidambaram responds to PM Modi's challenge, lists non-Gandhi Congress presidents

On Friday, Modi had slammed Congress after MP Shashi Tharoor's remarks that a "chaiwala" (tea-seller) became the Prime Minister because of Jawaharlal Nehru's commitment to democracy.

1 day ago

S Gurumurthy's comments set the tone for heated debate in RBI meeting

RBI board meeting on Monday is likely to see heated debates as the govt appears to be bent on forcing the RBI to change banks' provisioning requirements.

1 day ago

RBI, FinMin unlikely to be influenced by IMF's change of heart towards cryptocurrencies

Sweden's central bank has run some tests and the IMF has credited Canada, China and Uruguay as also going ahead with plans to provide a digital currency.

3 days ago

PM Modi steps in to quell RBI-North Block spat

The Prime Minister may have met RBI chief Urjit Patel to defuse RBI-Finance Ministry dispute ahead of the announcement of the action plan to boost MSME sector.

5 days ago

What was Modi Govt's 'tearing hurry to fix' RBI capital framework?, asks Chidambaram

In a series of tweets, the senior Congress leader slammed the government for allegedly seeking funds from the RBI despite claiming that its (Centre) fiscal math was correct.

7 days ago

Govt. denies move to appropriate Rs 3.6 lakh crore from RBI reserves

"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track," says Economic Affairs Secretary Subhash Chandra Garg.

9 days ago

CIC issues show-cause notice to RBI guv Urjit Patel for non-disclosure of wilful defaulters' list

The CIC has asked Patel to explain why a maximum penalty should not be imposed on him for "dishonouring" the Supreme Court verdict.

13 days ago

RBI governor should work with govt or quit: RSS economic wing head

Ashwani Mahajan, the chief of Swadeshi Jagran Manch, said that RBI should not see the suggestions of the government negatively.

17 days ago

Centre uses rare provision to force RBI's hand; board meeting on 19th

The government has apparently issued instructions to the RBI on matters such as liquidity at NBFCs, capital requirement for weak banks and lending to SMEs.

18 days ago

Arun Jaitley hits back at RBI, says it allowed lending excesses

Government officials were very upset by RBI Deputy Governor Viral Acharya's comments, which included a reference to problems created in Argentina when its government meddled in central bank affairs.

18 days ago

September retail inflation picks up, remains below RBI's medium-term target

The International Monetary Fund forecasts India's economy could grow 7.3 percent in the fiscal year ending in March 2019, versus 6.7 percent in the last.

Oct 12, 2018

Home loans to get costlier now as SBI hikes lending rate by 0.2 percent

The rate hike by bank comes a month after the Reserve Bank of India (RBI) hiked benchmark lending rate, called repo rate, by 25 basis points to 6.5 per cent.

Sep 1, 2018

Government denies rumours of banks remaining closed for first six days in September

Rumours have been doing the rounds on social media that September may begin with a five-day bank closure in many states and banking services may be affected.

Aug 31, 2018

Supreme Court issues notice to WhatsApp over appointment of grievance officer

Responding to the plea that sought direction to restrain WhatsApp from proceeding with its payments systems unless it fully complied with RBI's provisions, the court has sought a response from WhatsApp, Law, Finance and IT ministries.

Aug 27, 2018

Is China printing Indian currency notes? Article published in Hong Kong daily sparks debate

The article suggests that India and several other countries have allowed China's state-owned firms to print their currency.

Aug 13, 2018

Reserve Bank of India rate hike, PMI data subdue equity indices

The RBI has raised its key benchmark lending rate by 25 basis point to 6.5 percent in its third monetary policy review of 2018-19.

Aug 1, 2018

Cash-on-Delivery deals may be illegal: RBI

The RBI has noted that the CoD option is not permissible as it is not in compliance with the Payments and Settlements Systems (PSS) Act, 2007.

Jul 26, 2018

RBI raises repo rate by 25 basis points in first ever hike in over four years

The reverse repo rate was also raised by 25 basis points, to 6.00 percent.

Jun 6, 2018

RBI's cryptocurrency clampdown: What happens to your Bitcoin investment?

The government has already cautioned the public over cryptocurrencies, and the RBI has declared that it does not consider bitcoins and others as legal tender.

Apr 9, 2018