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  • MC Explains | Indian municipalities and their finances Nov 22, 2022 11:08 AM IST

    MC Explains | Indian municipalities and their finances

    A recently released RBI report shows that nearly all the municipal corporations in India are struggling financially and highly dependent on support from state and central governments.

  • Govt nominates Financial Services Secretary Vivek Joshi as director on RBI central board Nov 15, 2022 07:39 PM IST

    Govt nominates Financial Services Secretary Vivek Joshi as director on RBI central board

    The appointment is effective from November 15, until further orders, the RBI said

  • What is the RBI-ESMA standoff? Nov 14, 2022 08:32 PM IST

    What is the RBI-ESMA standoff?

  • RBI imposes monetary penalty on 9 cooperative banks citing violations Nov 14, 2022 06:09 PM IST

    RBI imposes monetary penalty on 9 cooperative banks citing violations

    The RBI’s enforcement operations are conducted by the Enforcement Department. The RBI’s EFD was set up in April, 2017 to separate enforcement action from supervisory process.

  • MC Exclusive | IDBI Bank looking to enhance credit card portfolio soon, says Deputy Managing Director Nov 07, 2022 12:20 PM IST

    MC Exclusive | IDBI Bank looking to enhance credit card portfolio soon, says Deputy Managing Director

    Suresh Khatanhar on the bank’s plans to scale up retail growth, deposit mobilization strategy, venture into digital lending and relationship with fintechs

  • RBI-EU standoff will hit markets, regulators must talk to each other Nov 07, 2022 10:36 AM IST

    RBI-EU standoff will hit markets, regulators must talk to each other

    If the stand-off continues, European banks operating in India would be forced to halt transactions in the domestic markets

  • What is Section 45ZN of the RBI Act? Nov 04, 2022 04:45 PM IST

    What is Section 45ZN of the RBI Act?

  • Rate setting panel meets to discuss, draft report on missing inflation target: RBI Nov 03, 2022 05:28 PM IST

    Rate setting panel meets to discuss, draft report on missing inflation target: RBI

    ”A separate meeting of the Monetary Policy Committee (MPC) was held on November 3, 2022 to discuss and draft the report to be sent to the Government by the Reserve Bank of India (RBI) under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016,” the central bank said in a statement.

  • Why are banks scrambling for deposits? Oct 27, 2022 04:24 PM IST

    Why are banks scrambling for deposits?

  • Doves, hawks and the Catch 22 in monetary policy Oct 17, 2022 09:14 AM IST

    Doves, hawks and the Catch 22 in monetary policy

    While the RBI members of the Monetary Policy Committee are all for further tightening, two outside members---Ashima Goyal and JR Varma—believe it’s time to ease up on tightening policy

  • CBDCs: The fate of commercial banking rests with the State Oct 11, 2022 11:09 AM IST

    CBDCs: The fate of commercial banking rests with the State

    The RBI’s concept note makes it clear that CBDCs can disrupt commercial banking and the choice of CBDC-type will determine the future of commercial banks, their role and even their existence

  • A digital currency can throw more light on the cash economy Oct 11, 2022 09:05 AM IST

    A digital currency can throw more light on the cash economy

    The RBI's plan for a digital currency may not affect how the poor transact or digital natives, but its spread could throttle growth of black money transactions

  • MC Explains| Should RBI establish a forex swap line with Federal Reserve? Oct 03, 2022 01:01 PM IST

    MC Explains| Should RBI establish a forex swap line with Federal Reserve?

    The rupee has been under depreciating pressure against the dollar for nearly 6 months now, contributing to the depletion of India’s foreign currency reserves. One way out could be a temporary swap line with the Federal Reserve.

  • Banks led by SBI hike lending rate by 50 bps after RBI raises policy rate Sep 30, 2022 10:05 PM IST

    Banks led by SBI hike lending rate by 50 bps after RBI raises policy rate

    The hike has been effected in their benchmark rate linked to the repo rate, which increased by half a percentage point to 5.9%.

  • RBI Monetary Policy Highlights: Repo rate hiked by 50 bps to 5.9%, FY23 inflation projection retained at 6.7% Sep 30, 2022 07:45 AM IST

    RBI Monetary Policy Highlights: Repo rate hiked by 50 bps to 5.9%, FY23 inflation projection retained at 6.7%

    RBI Monetary Policy Highlights: This has taken the repo rate, at which the RBI lends short-term funds to banks, to 5.90 per cent – the highest level since April 2019 – from 5.40 per cent

  • How does RBI manage liquidity? Sep 29, 2022 05:42 PM IST

    How does RBI manage liquidity?

  • RBI Policy Meeting – More volatility to rock Indian equity markets, yet India to remain outperformer Sep 24, 2022 12:23 PM IST

    RBI Policy Meeting – More volatility to rock Indian equity markets, yet India to remain outperformer

    RBI will take into consideration the impact of falling crude oil prices, amount of non-USD-based crude oil and other commodities India may import, and other ways of attracting dollar inflows via NRI remittances, while deciding the quantum of rate hike. However, it will be less than the US.

  • What is the RBI’s MANI app? Sep 23, 2022 09:15 PM IST

    What is the RBI’s MANI app?

  • RBI bars Mahindra Finance from using third-party recovery agents after Hazaribagh mishap Sep 22, 2022 07:23 PM IST

    RBI bars Mahindra Finance from using third-party recovery agents after Hazaribagh mishap

    The company may continue to carry out recovery or repossession activities, through its own employees, said the central bank in a statement.

  • Now, loan apps on Google Play Store India will have to display partner bank links Sep 21, 2022 11:37 AM IST

    Now, loan apps on Google Play Store India will have to display partner bank links

    Apps that fail to comply will be deleted from the Play Store

  • Fintechs confident of meeting RBI deadline on digital loans but many face hurdles Sep 19, 2022 03:53 PM IST

    Fintechs confident of meeting RBI deadline on digital loans but many face hurdles

    An extension of the November 30 deadline by the regulator could be on the cards only if a significant chunk of digital lenders faces genuine challenges in re-orienting their systems and processes, said industry players.

  • RBI penalises G S Mahanagar Co-operative Bank for rule violation Sep 12, 2022 07:32 PM IST

    RBI penalises G S Mahanagar Co-operative Bank for rule violation

    The bank had levied penal charges for non-maintenance of minimum balance in savings bank accounts without notice to the customers and without providing one-month time for restoration of the minimum balance in the accounts, the RBI said

  • Industrial Bank of Korea to pay Rs 36 lakh in fine to RBI for non-compliance Sep 09, 2022 08:27 PM IST

    Industrial Bank of Korea to pay Rs 36 lakh in fine to RBI for non-compliance

    A penalty of Rs 36 lakh has been imposed on Industrial Bank of Korea for non-compliance with certain Know Your Customer (KYC) norms, the central bank said in a statement on Friday.

  • RBI’s moment of truth on exchange rate is upon it  Sep 05, 2022 08:55 AM IST

    RBI’s moment of truth on exchange rate is upon it 

    The over $10 billion drop in the forex reserves in a single month shows that the central bank is doing whatever it takes to reduce the pressure on the rupee

  • RBI Innovation Hub to launch pilot project for Kisan Credit Card (KCC) lending Sep 02, 2022 06:45 PM IST

    RBI Innovation Hub to launch pilot project for Kisan Credit Card (KCC) lending

    The pilot will commence in September, in selected districts of Madhya Pradesh and Tamil Nadu with Union Bank of India and Federal Bank, respectively, as partner banks