March 21, 2018 12:54 PM IST
The Feb 12 circular from RBI will accelerate the NPA process and will lead to a faster recognition of pain in the books, said Ashish Gupta of Credit Suisse.
February 25, 2018 01:10 PM IST
According to the global financial services major, the inflation trajectory will hold the key towards determining when the central bank will likely hike interest rates.
February 08, 2018 02:34 PM IST
The report also said it expects January CPI inflation at 4.9 percent down from 5.2 per cent in December.
February 07, 2018 05:38 PM IST
Dr. Michael Patra was the sole member to vote against the monetary policy decision to keep the key rates unchanged.
January 12, 2018 09:05 PM IST
Following inspection of books in March 2017, RBI downgraded some of BoI's accounts to NPA and placed the bank under the Prompt Corrective Action (PCA) framework.
January 05, 2018 06:21 PM IST
In 2013, the RBI had permitted banks to spread their losses over a period, however, at that time the rupee was at a record low and bond yields had shot up about 100 basis points within a short span.
January 05, 2018 04:16 PM IST
The Centre had sought an additional dividend of Rs 13,000 crore from the central bank.
January 02, 2018 05:55 PM IST
The RBI has also already advised the banks to accept coins for transactions and exchange at all their branches.
December 22, 2017 08:57 PM IST
The decision of the Reserve Bank to initiate a 'prompt corrective action' (PCA) against large state-owned lender Bank of India led to rumours that the government may close down some banks.
December 22, 2017 05:10 PM IST
Inter-disciplinary standing committee on cyber security has been constituted by the RBI comprising of academia, information security audit, forensic and cyber security experts.
December 15, 2017 07:20 PM IST
The gold reserves remained unchanged at USD 20.703 billion, unlike in the last reporting week when it had risen by a tad.
December 13, 2017 09:54 PM IST
RBI also clarified that no merchant will at any level will charge MDRs to consumers and the new rates are applicable only on debit card transactions and not credit cards.
December 13, 2017 07:35 PM IST
RBI had on December 6 revised the MDR for debit card transactions at large format retail stores from 0.5 percent per transaction to 0.9 percent (not exceeding Rs 1,000).
December 13, 2017 10:05 AM IST
These 28 accounts together account for 40 percent of the system wide bad loans or worth around Rs 4 trillion.
December 06, 2017 03:27 PM IST
Prices of food and fuel, which affect the cost of living conditions, saw a rise in November. There was also an increase of housing inflation which took place after the implementation of higher house rent allowances for central government employees under the 7th Central Pay Commission award.
December 06, 2017 03:08 PM IST
The monetary policy committee (MPC) decided to keep policy repo rate unchanged at 6 percent and reverse repo rate at 5.75 percent.
November 17, 2017 09:58 PM IST
The government, in consultation with the Reserve Bank, has decided to offer a discount of Rs 50 per gram to investors applying online and making payments digitally.
November 16, 2017 07:23 PM IST
The Reserve Bank had early July transferred Rs 30,659 crore as surplus to government for fiscal 2017, which was almost 50 percent lower than the previous year. The payout plunged due to the huge expenses incurred towards printing new banknotes and paying bank interest by way of reverse repo after the demonetisation last November.
November 07, 2017 05:19 PM IST
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 85.3371 and 56.85 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.
November 02, 2017 10:04 PM IST
Those having an exposure between Rs 500 crore and Rs 1,000 crore have to obtain the LEI code by June 30 and those having between Rs 100 crore and Rs 500 crore by March 31, 2019.
October 29, 2017 03:59 PM IST
The RBI said at least 66 Sophisticated Currency Verification and Processing (CVPS) machines were being used for counting of junked Rs 500 and Rs 1,000 note
October 23, 2017 09:01 AM IST
Yes Bank on our radar this morning. Reserve Bank of India (RBI) inspection for FY17 has not been done yet.
October 18, 2017 08:45 PM IST
Banks will be subvented to the extent of difference between the Weighted Average Interest Charged and 7 percent subject to the maximum limit of 5.5 percent for the year 2017-18.
October 17, 2017 07:19 PM IST
Further, the RBI said the investment limit by NRIs has gone up to 24 percent from the existing 10 percent.
October 16, 2017 08:40 PM IST
Wholesale inflation fell to 2.60 percent in September as prices of food articles, led by vegetables, softened.
