Reserve Bank of India (RBI)

Banks can get fire audit of currency chests done by approved agencies, says RBI

According to the RBI's annual report, there are around 3,654 small coin depots and 3,975 currency chests in the country out of which 2,575 are managed by State Bank of India.

Oct 29, 2018

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Sensex soars 718 points, banking stocks lead rally

Among the Sensex constituents, ICICI Bank was the biggest gainer with 11 per cent jump, followed by State Bank of India, which rose 8.04 per cent.

Oct 29, 2018

RBI to buy govt bonds for Rs 40,000 crore via OMO to maintain liquidity in market

OMO is carried out by RBI to expand or contract the liquidity of money in the market by selling or purchasing government securities.

Oct 27, 2018

Rupee fall, high non-performing assets still cause for concern: Former RBI governor Bimal Jalan

Talking about economic measures, he said the Narendra Modi-led government has launched several reforms, including the GST, Insolvency and Bankruptcy Code and direct benefit transfer scheme, which are good for the economy.

Oct 21, 2018

RBI's monetary policy committee highlights inflation spike risk, signal rate hikes

Headline inflation for the first quarter of the fiscal year to March 2020 is projected at 4.8 per cent compared with the MPC's mandated target of 4 per cent.

Oct 21, 2018

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RBI approves appointment of Sandeep Bakshi as new CEO, Managing Director of ICICI Bank

After the resignation of Chanda Kochhar, who was facing the inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.

Oct 16, 2018

India's data localisation decision leaves global digital payment firms in a bind

The RBI guidelines say that all digital payment firms like Google Pay, WhatsApp and others must store data locally for their businesses. The deadline to comply with the norms ended on Monday.

Oct 15, 2018

RBI refuses to extend deadline for data localisation

The central bank has given a six-month window to global payment companies to store transaction data of Indian customers within India.

Oct 14, 2018

Sovereign gold bonds fixed at Rs 3146 per gram; all you need to know

SGBs are denominated in multiples of gram of gold with a minimum unit of one gram and can also be held in demat form.

Oct 13, 2018

Yes Bank promoters Rana Kapoor and Madhu Kapur willing to opt for out-of-court settlement

A logical conclusion is likely to remove all the uncertainties surrounding the bank's succession plan which has been affecting the performance of its stock at Dalal Street.

Oct 8, 2018

Fund outflows, oil prices to sink rupee further; 75-mark in sight

The continuous outflow of foreign funds from the equity segment and global market volatility will likely push the rupee to the 75-mark to a US dollar in the coming days, the experts opined.

Oct 7, 2018

RBI monetary policy decision hurts Indian currency; rupee hits new low of 74 against USD

Just after the RBI announced its decision, post 2.30 p.m., the rupee plunged to over 74 a US dollar -- the lowest ever mark -- it has touched against the greenback.

Oct 5, 2018

RBI holds key lending rates; repo rate stays at 6.5%

In August, the RBI had hiked its repo rate by 25 basis points to 6.50 per cent citing upside risks to inflation.

Oct 5, 2018

Yes Bank CEO Rana Kapoor's extension objected by second-largest shareholder

The Yes Bank board had informed the shareholders that it has sought an extension of Rana Kapoor as the Managing Director and the CEO from RBI by eight months.

Oct 1, 2018

IL&FS Annual General Meeting: Three-pronged strategy to return insolvent

The default of over Rs. 9000 crore by infrastructure company and its subsidiaries have triggered fears across all NBFCs of the country.

Sep 30, 2018

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

"We have made adequate provisions for this and it will not impact the balance sheet. Our average provisioning for these cases will be around 55 per cent," said State Bank of India (SBI) Managing Director Dinesh Kumar Khara.

Sep 28, 2018

With an eye on faltering rupee, RBI to raise rates next week

The predicted rate hike would be the RBI's third this year, having lifted borrowing costs in June and August. The US Federal Reserve is forecast to raise rates this week - its third this year - according to a separate Reuters poll.

Sep 26, 2018

Govt to ensure liquidity in non-banking financial companies, says finance minister Jaitley

The Reserve Bank of India (RBI) and market regulator Sebi said on Sunday that they were closely monitoring the developments in the financial sector and were ready to take "appropriate actions" to calm the jittery investors.

Sep 24, 2018

Govt appoints 10 public sector bank chiefs

SBI Deputy MD Pallav Mohapatra has been appointed as MD and CEO of Central Bank of India.

Sep 20, 2018

Indian rupee has lost 11% value against US dollar in last one year, says IMF spokesperson

Gerry Rice said the IMF continues to assess the impact of demonetization on an ongoing basis. As with most things, there have been pluses and there have been minuses of demonetization, he said.

Sep 18, 2018

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