RBI

urjit patel, rbi governor urjit patel, patel parliamentary panel, remonetisation, notes returned, demonetisation

RBI holds repo rate unchanged at 6%, maintains neutral stance

Following the decision, the benchmark repo rate stands at 6 percent, and the reverse repo rate remains unchanged at 5.75 percent and the central bank maintained a neutral policy stance.

Dec 6, 2017

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI's views on economy incorrect; rate cut possible, says Modi's economic adviser

Goyal explained that the RBI's consumer price index (CPI) forecasts are wrong. She further said that the central bank's stance to keep interest rates high to keep inflation under control also didn't pay off.

Dec 4, 2017

RBI allows banks to rely on provisional ratings for giving further loans to distressed companies

According to a Union finance ministry official, March 31 may be the deadline given to commercial banks to find a solution or initiate bankruptcy proceedings against the borrowers.

Nov 28, 2017

RBI sets March deadline for banks to provision against second list of bad loans

According to rules, banks need to do 50 percent provisioning against secured loans it has provided and 100 percent when it comes to unsecured exposures.

Nov 21, 2017

note, cash, note ban, investment, mf, mutual fund, mutual funds, uti equity fund, demonetisation, rbi, atm, tax collection

For bank recapitalisation, Modi govt wants special dividend from RBI

The RBI has been asked if it can pay a special dividend, apart from the yearly surplus that it pays the Centre.

Nov 15, 2017

RBI not to pursue proposal to introduce Islamic banking in India

Islamic or Sharia banking is a system of finance in which interest is not charged.

Nov 12, 2017

Demonetisation: Here's why RBI has been forced to order 5-year low indent for printing currency notes

The pile-up of old Rs 500 and Rs 1,000 notes, returned after demonetisation, have blocked most of the space in RBI vaults and currency chests.

Nov 9, 2017

aadhaar, bank accounts, cash, note bank, atm, pan, indian banks, bank account, account holder

RBI yet to issue instructions over 'mandatory' Aadhaar linking of bank accounts: RTI

If your bank has been threatening to suspend your bank account for not linking it with Aadhaar, here is what you need to know.

Oct 20, 2017

P2P lending firms to be treated as NBFCs: RBI

The notification is a precursor to the guidelines the apex bank is likely to lay down soon for the regulation of P2P lending in India.

Sep 20, 2017

With 99% of scrapped notes coming back, RBI banks on 'sophisticated' machines to check them

RBI in the annual report 2016-17, stated that Rs 15.28 lakh crore, or 99% of the demonetised notes have returned to the banking system.

Sep 11, 2017

Over 2 lakh company directors cannot hold board position in new ventures

This number is expected to surge in the coming months and the crackdown against these directors will commence in a few days.

Sep 5, 2017

Of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh cr, or 99%, returned to the system, says RBI

RBI said the value of banknotes in circulation declined by 20.2 percent during the year to Rs 13.1 lakh crore.

Aug 30, 2017

Down and out: Videocon, JP Associates, IVRCL may be dragged to NCLT's doors

Most are from the power and infrastructure sectors and are on RBI's second list of loan defaulters.

Aug 29, 2017

e-incentive: Govt thinks over 2 per cent GST relief on digital payments

The IT ministry is leading the government's digital thrust by taking stock of initiatives to further popularise electronic payments.

Aug 28, 2017

RBI to introduce Rs 200 notes tomorrow; all you need to know

The new denomination has a motif of Sanchi Stupa on the back side of the tender, which depicts the country's cultural heritage.

Aug 24, 2017

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RBI likely to introduce Rs 200 notes from September

The broader objective of the introduction of Rs 200 notes is to eliminate counterfeit currency notes and eradicate black money from the system.

Aug 23, 2017

RBI Governor hinted PSU bank mergers as recapitalisation plans

RBI Governor Urjit Patel said that PSBs will need to take haircut on current exposure, and higher provisions requirement will affect the capital position of several banks.

Aug 20, 2017

RBI to issue new Rs 50 note: Top features to look out for in the new banknote

New Rs 50 banknote will have a motif of Hampi with the chariot and Swachh Bharat logo and the slogan on the reverse.

Aug 19, 2017

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks.

Aug 14, 2017

RBI may need to drain up to $22 billion as inflows add to excess liquidity

Foreign investments into debt and shares have reached a net $31 billion this year, compared with $2.7 billion in sales last year, due to factors including India's low inflation and improving economic growth.

Aug 11, 2017

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