Reserve Bank of India (RBI)

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

Former RBI deputy governor under CBI lens in Kingfisher, Airworth cases

KC Chakrabarty denied all allegations of wrongdoing saying he has never recommended sanctioning of any credit facility or financial support to anyone.

Sep 17, 2018

Finance ministry swings into action; announces measures to CAD and rupee depreciation

Despite strong GDP growth, the rupee has weakened about 11 per cent this year amid higher oil prices and an emerging markets sell-off.

Sep 15, 2018

Prime Minister may call a review meeting to check depreciating rupee

The Indian currency is apparently under huge pressure due to the widening of the current account deficit and the repercussion of the escalating trade war between the United States and China.

Sep 12, 2018

Mudra loans, Kisan credit cards should be examined for potential risk: Former RBI governor Rajan

Rajan said that the Credit Guarantee Scheme for MSME run by SIDBI is a growing contingent liability.

Sep 12, 2018

Negative global cues, weak rupee subdue Indian equity indices

According to analysts, investors feared that high petrol and diesel prices and a weak rupee would pump up the retail and wholesale inflation rates, thereby mitigating chances of a rate cut by the Reserve Bank of India in the near term.

Sep 11, 2018

Parliamentary panel requests RBI to ease capital adequacy norms for PSBs

The committee has urged the central bank to relax these norms for nine out of 21 PSBs which could free up capital up to Rs. 5.34 trillion to boost the lending practice of the banks.

Sep 7, 2018

Apple shelves plan to launch UPI-based payments platform in India

The reason behind the Apple's decision is the Reserve Bank of India's recent data localisation rule including the technical and design hurdles related to the flow of payments on UPI.

Sep 6, 2018

Rupee hits all-time low of 72.12, drops 37 paise against US dollar

Investors remained concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices.

Sep 6, 2018

$75 bilion outflow from markets imminent? Sebi rubbishes overseas investors' claim

Earlier in April this year, the SEBI had issued circular introducing the tighter KYC norms for the FPI investors.

Sep 4, 2018

Reserve Bank of India buys gold to diversify assets for first time in nearly a decade

As of June 30, the stock of gold stood at 18.20 million troy ounces or equivalent to 566.23 metric tonnes, as against 17.9 million troy ounces in November 2017.

Sep 3, 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

SBI warns of 'noticeable increase' in counterfeit notes detected in new Rs 500, Rs 2,000 notes

The report said that there was a "noticeable increase" in the fake currencies detected in the denomination of the new Rs 500 and Rs 2,000 notes which are up by 4,178 per cent and by 2,710 per cent respectively

Aug 30, 2018

99.3% demonetised notes returned to banks: RBI

RBI spent Rs 7,965 crore in 2016-17 on printing new Rs 500 and Rs 2,000 and other denomination notes.

Aug 29, 2018

Private power sector companies to face insolvency proceedings on default of Rs 1.7 lakh crore loan

The Reserve Bank of India had earlier this year tightened the norms for clearing bad debts by setting timelines for resolving the stressed asset within 180 days.

Aug 28, 2018

Rupee has not depreciated to a worrying level, govt must focus on CAD: Raghu Ram

Rajan, who was RBI governor for three years till September 2016, said that this is a time where countries should be focusing on getting the macro stability in order.

Aug 28, 2018