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Reserve Bank Of India

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  • RBI committee proposes guidelines on gold loan recovery in case of borrower’s death June 07, 2023 07:23 PM IST

    RBI committee proposes guidelines on gold loan recovery in case of borrower’s death

    The BP Kanungo committee recommends guidelines for gold loan companies for serving notice to the nominee or legal heir to settle the outstanding in case of death of the borrower, auction of gold, surplus to be refunded from auction of gold and more.

  • Will RBI change its monetary policy stance to neutral? June 07, 2023 04:40 PM IST

    Will RBI change its monetary policy stance to neutral?

    India is in a Goldilocks scenario with strong GDP numbers and moderation in inflation. Considering the uncertainty about the Fed and the El Nino risk, MPC will likely send a dovish message tomorrow

  • Bank bond issuance may fall to Rs 90,000 crore in FY24, says ICRA June 07, 2023 03:38 PM IST

    Bank bond issuance may fall to Rs 90,000 crore in FY24, says ICRA

    Outstanding Tier-I bonds are expected to increase slightly to Rs 1.3 lakh crore by March 2024 from Rs 1.2 lakh in March 2023, ICRA said in a report

  • RBI to conduct Rs 75,000 cr variable rate reverse repo auction on June 7 June 07, 2023 12:25 PM IST

    RBI to conduct Rs 75,000 cr variable rate reverse repo auction on June 7

    This is the fourth reverse repo auction in last four days to remove excess liquidity from the banking system

  • Exclusive| Online bond platforms to form industry association in next 3-4 months, say sources June 07, 2023 02:41 PM IST

    Exclusive| Online bond platforms to form industry association in next 3-4 months, say sources

    Currently, there are more than 15 SEBI-recognised online bond trading platforms in India.

  • RBI to conduct Rs 75,000-crore variable rate reverse repo auction today June 06, 2023 12:10 PM IST

    RBI to conduct Rs 75,000-crore variable rate reverse repo auction today

    The VRRR is usually undertaken to withdraw excess liquidity from the banking system

  • RBI likely to set cutoff yield on 10-year state bonds in 7.32%-7.35% band: Poll June 06, 2023 11:31 AM IST

    RBI likely to set cutoff yield on 10-year state bonds in 7.32%-7.35% band: Poll

    The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.32%-7.35% band, according to a Reuters poll of 13 traders.

  • Bankers await signs on RBI's liquidity approach amid persisting disconnect June 06, 2023 11:09 AM IST

    Bankers await signs on RBI's liquidity approach amid persisting disconnect

    Banks in India have been reluctant to park their surplus liquidity with the Reserve Bank of India (RBI) for longer periods of time to avoid the risk of a potential shortfall - an approach the RBI would like changed as surplus money in the system could potentially prove inflationary.

  • RBI seen to stay in pause mode, but markets will seek clues on pivot June 06, 2023 08:31 AM IST

    RBI seen to stay in pause mode, but markets will seek clues on pivot

    While the RBI may keep policy rates unchanged, any alteration in the stance would be seen as dovish by the markets.

  • RBI imposes monetary penalty on four co-operative banks for rule violations June 05, 2023 07:05 PM IST

    RBI imposes monetary penalty on four co-operative banks for rule violations

    These banks are Kokan Mercantile Co-operative Bank, Bajirao Appa Sahakari Bank, Sawantwadi Urban Co-operative Bank and Shri Laxmi Sahakari Bank

  • RBI committee proposes new rules to improve customer service standards| Here are key recommendations June 05, 2023 05:06 PM IST

    RBI committee proposes new rules to improve customer service standards| Here are key recommendations

    The central bank has set up this panel on May 23, 2022.

  • RBI mopping up excess liquidity, tax outflows could push up interbank call rates, say dealers June 05, 2023 04:09 PM IST

    RBI mopping up excess liquidity, tax outflows could push up interbank call rates, say dealers

    At present, the weighted average overnight call money rate is trading at 6.3432 percent whereas the repo rate is at 6.50 percent.

  • RBI to conduct 4-day Variable Rate Reverse Repo auction today June 05, 2023 12:36 PM IST

    RBI to conduct 4-day Variable Rate Reverse Repo auction today

    The VRRR is usually undertaken to withdraw excess liquidity from the banking system.

  • RBI imposes Rs 2.20 cr penalty on Indian Overseas Bank for rule violations June 02, 2023 08:10 PM IST

    RBI imposes Rs 2.20 cr penalty on Indian Overseas Bank for rule violations

    The penalty was imposed due to the bank's failure to make minimum mandatory transfer of a sum equivalent to 25 percent of its disclosed profit, and divergence between NPAs reported and assessed

  • RBI releases draft rules on cyber resilience, digital payment security controls for PSOs June 02, 2023 05:41 PM IST

    RBI releases draft rules on cyber resilience, digital payment security controls for PSOs

    The central bank on April 8 during monetary policy had said it will issue these directions

  • RBI may hit pause again next week, drawing comfort from inflation, growth numbers: Economists June 02, 2023 04:27 PM IST

    RBI may hit pause again next week, drawing comfort from inflation, growth numbers: Economists

    The Monetary Policy Committee kept the repo rate unchanged at 6.5 percent in April, after raising it by 250 basis points since May 2022

  • RBI to conduct 14-day Variable Rate Reverse Repo auction on June 2 June 01, 2023 05:45 PM IST

    RBI to conduct 14-day Variable Rate Reverse Repo auction on June 2

    The VRRR is usually undertaken to withdraw excess liquidity from the system.

  • FPI utilization of investment limit in corporate bonds lowest in 10 years, shows data June 01, 2023 05:13 PM IST

    FPI utilization of investment limit in corporate bonds lowest in 10 years, shows data

    Experts attribute the trend to a sharp depreciation of the Indian rupee, a lower spread between US Treasury yields and returns on Indian debt instruments and global uncertainties.

  • RBI’s latest warnings show India’s banks need helicopter parenting June 01, 2023 10:39 AM IST

    RBI’s latest warnings show India’s banks need helicopter parenting

    Evergreening is more sinister now as banks are indulging in the practice despite having complete knowledge of the risks involved.

  • Bank of India gets Rs 3,104 crore, City Union Rs 385 crore through deposit & exchange of Rs 2,000 notes: Sources May 31, 2023 04:13 PM IST

    Bank of India gets Rs 3,104 crore, City Union Rs 385 crore through deposit & exchange of Rs 2,000 notes: Sources

    On May 19, the RBI announced the withdrawal of Rs 2,000 notes from circulation.

  • MC Explains: The Reserve Bank of India’s LPSS for natural disasters and wars May 31, 2023 03:11 PM IST

    MC Explains: The Reserve Bank of India’s LPSS for natural disasters and wars

    The lightweight payment and settlement system will help make smooth payments during emergency situations and keep the liquidity pipeline of the economy alive and intact, according to the RBI.

  • 'Effective governance, compliance practices essential in safeguarding bank's interests' May 31, 2023 09:00 AM IST

    'Effective governance, compliance practices essential in safeguarding bank's interests'

    RBI Deputy Governor M K Jain delivered a speech at the Conference of Directors of Banks, organised by the RBI for Public Sector Banks on May 22 in New Delhi and Private Sector Banks on May 29 in Mumbai.

  • Growth worries loom over June MPC meeting May 31, 2023 08:18 AM IST

    Growth worries loom over June MPC meeting

    The continued poor performance of manufacturing on which government relies to generate jobs and absorb surplus labour from agriculture is a cause for concern on the growth front.

  • RBI disposed 132.19 crore pieces of soiled Rs 2,000 notes in last 3 fiscals: Annual Report May 30, 2023 06:58 PM IST

    RBI disposed 132.19 crore pieces of soiled Rs 2,000 notes in last 3 fiscals: Annual Report

    The central bank disposed 48.24 crore pieces in FY23, 38.47 crore pieces in FY22, and 45.48 crore pieces in FY21 soiled bank notes of the currency

  • Kanpur Municipal Corp to raise Rs 100 cr via 10-year municipal bonds in August: Officials May 30, 2023 04:12 PM IST

    Kanpur Municipal Corp to raise Rs 100 cr via 10-year municipal bonds in August: Officials

    Municipal bonds are issued by civic bodies to finance urban infrastructure projects.