Reserve Bank of India (RBI)

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

India's current economic scenario not like 1991 crisis: Bimal Jalan

The RBI had recently underlined the importance of its autonomy and warned that the government's focus on short-term goals could be harmful to the economy.

Nov 1, 2018

RBI chief Urijit Patel may consider resignation amid differences with Modi govt: Report

The development has come against increasing tension between RBI and Centre after the RBI deputy governor Viral Acharya, in his speech warned of potentially catastrophic consequences if the Centre dilutes the autonomy of the apex bank.

Oct 31, 2018

Centre tries to impinge on central bank's autonomy by invoking Section 7 of RBI Act

It is speculated that this move was behind RBI deputy governor Viral Acharya's warning the Centre – a rare display of independence – not to impinge on central bank's autonomy which might lead to undesirable consequences.

Oct 31, 2018

Government trying to destroy autonomous structure of RBI: Congress

Anand Sharma said that it was in the interest of India and the economy that the RBI alone remains the regulator for the banks for the lending, borrowings and fixes the rates for the banks.

Oct 30, 2018

Indian bank customers' data compromised after Microsoft shares it with US intelligence agencies

Reserve Bank of India raised the concern in its Risk Assessment Report after data relating to customers was shared with intelligence agencies in the US.

Oct 30, 2018

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

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

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