Reserve Bank of India (RBI)

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Ethiopian staff demand 8 months' salary as IL&FS hostage crisis deepens

The Ethiopian Road Authority has decided to back the demand of the locals after authority met to discuss the issue last week.

Dec 31, 2018

Massive banking frauds eclipse record recovery of bad assets in FY18

New regulatory framework helps recover Rs 40,400 crore of bad loans while frauds increase 72% to Rs41,200 crore.

Dec 31, 2018

RBI rejects Modi govt's demand for further easing of banking norms

The central bank's report says defaults rates are high and provisions inadequate to cover losses from bad loans.

Dec 29, 2018

Jalan panel faces tough task of deciding adequate RBI reserves

Growing global uncertainties in a multi-polar world will make it difficult to arrive at the right amount of risk provisioning.

Dec 27, 2018

RBI's Rs 1 trillion bond buyback operations to inject more liquidity into economy

The central bank's open market operations will release Rs 500 billion into the banking system in December and another Rs 500 billion in January 2019.

Dec 19, 2018

RBI board meeting: 4 out of 11 banks may witness ease in lending restrictions

The central bank has taken an activist stance in its last meetings however, the newly appointed governor has adopted a more consultative approach while dealing with the issue.

Dec 16, 2018

RBI board seeks more discussion on governance under new boss

The governance issue was a key part of the board meeting's agenda as the government wanted to have a greater say in the bank's regulatory decisions through its board nominees.

Dec 15, 2018

Sensex, Nifty turn cautious on mixed global cues

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.

Dec 14, 2018

rbi mpc meeting, rbi repo rate, rbi governor urjit patel, rbi deputy governor, rbi slr, rbi growth rate projection

RBI governor Urjit Patel's resignation could trigger FII outflow: Report

In December, the FII have sold over $31.67 million worth share. It is to be noted that last year registered a net outflow of FII investment of worth $4921.45 million.

Dec 11, 2018

Urjit Patel's tenure was haunted by Raghuram Rajan's record on institutional integrity

Chosen for his views against some of his predecessor's choices, the 24th RBI governor had weathered the shock of demonetisation.

Dec 11, 2018

north block finance ministry finance ministry offices home ministry government of india

Who is Krishnamurthy Subramanian, India's newest Chief Economic Advisor

Subramanian will be taking over from Arvind Subramanian who stepped down from his post in June 2018.

Dec 7, 2018

Nifty, Sensex echo weakness in Asia; domestic investors await state election results

Asian shares fell as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. An inverted U.S. yield curve also raised concerns about a possible recession.

Dec 4, 2018

WhatsApp seeks RBI nod for payment banks for its 200 million users in India

The development comes amid WhatsApp coming under heavy fire from the government over the spread of fake messages on its platforms.

Dec 3, 2018

lL&FS crisis spill over, employees detained in Ethiopia by unpaid local staff

The letter highlighted the inability of the IL&FS management to send funds due to the restriction imposed by the Reserve Bank of India (RBI).

Nov 30, 2018

demonetisation gamble modi sarkar government deposits bank notes exchange rbi black money cash

Demonetisation continues to haunt India as notes printed in 2016 becomes unusable

The scale of the problem is so huge that apart from the Rs 2,000 and Rs 500 notes, even the newer Rs 10 notes, which were issued this year have also started to become 'unusable'.

Nov 30, 2018

RBI stricture on promoter share dilution worries investors ahead of December deadline

The share prices of Bandhan Bank and Kotak Mahindra Bank have tanked substantially following the RBI directives.

Nov 28, 2018

Major relief for NBFCs and small business as RBI eases hedging norms

In a circular issued by the central bank, for ECBs which have a maturity period between three-five years, the mandatory hedging requirement has come down to 70%, instead of the earlier level of 100%.

Nov 28, 2018

RBI governor Urjit Patel appears before parliamentary panel to brief on demonetisation

The RBI Governor appeared before the panel days after the central bank's face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises.

Nov 27, 2018

Bank credit growth highest in five years; does that negate lurking credit crunch fears?

The growth registered by the banks is really encouraging with the fact that RBI has put 11 public sector banks under the prompt corrective action (PCA) framework.

Nov 23, 2018

CIC asks PMO, RBI to disclose wilful defaulters' list, Raghuram Rajan's letter on bad loans

The commission had earlier issued a show cause notice to RBI Governor Urijit Patel for "dishonouring" a Supreme Court judgment and CIC directive on disclosure of the list of wilful defaulters.

Nov 19, 2018

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