RBI

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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.

Nov 11, 2018

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.

Nov 9, 2018

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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.

Nov 5, 2018

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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.

Nov 1, 2018

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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.

Oct 31, 2018

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.

Oct 30, 2018

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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

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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

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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

Following RBI's crackdown, cryptocurrency exchanges look to shift base abroad

The Reserve Bank of India has banned all financial firms from dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies.

Apr 9, 2018

Is RBI planning to launch its own cryptocurrency code-named Lakshmi?

If introduced, Lakshmi would run on an implementation of the blockchain technology, which is the backbone of digital currencies like bitcoins.

Apr 6, 2018

RBI's scrapping of Letter of Undertaking may choke trade funding

'Sourcing of trade funding has already become difficult for players in the gems and jewelry segment'

Mar 14, 2018

Indian govt does not like cryptocurrencies, but should you still invest in them?

Should regulatory crackdown deter you from investing in cryptocurrencies, possibly the most fundamental and revolutionizing invention of our times?

Mar 5, 2018

Strong GDP data stokes RBI rate-hike talk

The strong economic growth puts spotlight on the Reserve Bank of India ahead of interest rates review on April 5.

Mar 1, 2018

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