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Reserve Bank of India (RBI) News
Reserve Bank of India (RBI)
Q4 results likely to show recovery as note-ban woes fade
Mon, Apr 10, 2017
Jeffries said that the markets are likely already factoring in potential upward revision in consensus earnings in 2017-18.
B P Kanungo takes over as RBI Deputy Governor
Mon, Apr 03, 2017
RBI`s other deputy governors are Viral Acharya, S.S. Mundra and N.S. Vishwanathan.
One month post demonetisation, Rs 4.27 lakh crore notes issued, says RBI
Fri, Dec 09, 2016
RBI today said that currency notes worth over Rs 4.27 lakh crore have been issued to public through banks and ATMs following the demonetisation of old high value bills.
Now your Paytm wallet will become your Paytm Payments Bank account
Mon, Dec 05, 2016
Digital wallet service company, Paytm owned by One97 Communications Ltd, said on Monday that it will be converted into Paytm Payments Bank after the company is granted licenses by Reserve Bank of India.
Gross NPAs of PSBs jump nearly Rs 80,000 crore in July to September
Tue, Nov 29, 2016
Public banks have seen nearly Rs 80,000 crore increase in gross non-performing assets (NPAs) in the three months ended September 2016. As on September 30, gross NPAs of public sector banks rose to Rs 6,30,323 crore as against Rs 5,50,346 crore by June end.
Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated
Wed, Nov 23, 2016
Department of Economic Affairs Secretary, Shaktikanta Das, on Wednesday spoke of the new initiatives taken by Reserve Bank of India (RBI) and the government to help smooth the ongoing battle of a cashless society on account of demonetisation.
Getting married soon? Can withdraw cash only if pandits, florists don’t have bank accounts
Tue, Nov 22, 2016
The Reserve Bank of India (RBI) on Monday added further terms and conditions to the government’s rule to allow wedding ceremonies to proceed as ‘business as usual.’
RBI told banks to recaliberate ATMs with Rs 100-notes before demonetisation
Mon, Nov 14, 2016
In anticipation of the huge demand for lower currency notes, ahead of the demonetisation move, the Reserve Bank of India (RBI) had asked banks to set up Automated Teller Machines which dispensed only Rs 100 notes.
SBI blocks 6 lakh debit cards over security breach
Wed, Oct 19, 2016
Six lakh State Bank of India (SBI) debit cards have been blocked due to a security breach that occurred in a 'non-SBI' ATM network.
Docomo moves to US court to force Tatas pay $1.2 billion
Fri, Oct 07, 2016
Tata Sons clarified that by pursuing the application before the English High Court, it is "following the path laid down by the arbitral tribunal in the award".
Overall business sentiment for Q3FY17 unchanged: RBI Outlook Survey
Tue, Oct 04, 2016
Optimism was expressed in production, capacity utilisation and in overall financial situation.
Ratan Tata, Nandan Nilekani & Vijay Kelkar to start microfinance entity Avanti Finance
Mon, Aug 29, 2016
Ratan Tata, Nandan Nilekani and Vijay Kelkar have come together to set up a technology-enabled microfinance entity, Avanti Finance, which will focus on delivering affordable and timely credit to underserved and unserved segments in India.
India Inc's overseas borrowings down 44% to $1.2 billion in July
Fri, Aug 26, 2016
India Inc's overseas borrowings fell by 44% to $1.2 billion (nearly Rs 7,983.3 crore) in July this year as against $2.14 billion (nearly Rs 14,236.9 crore) in the same period a year ago.
Ensure IT set-up for GST by September 30: Hasmukh Adhia to banks
Tue, Aug 23, 2016
Government on Monday reviewed IT preparedness of various stakeholders for smooth rollout of the Goods and Services Tax (GST) and directed all banks to ensure their IT systems are in place by September 30.
RBI Governor Rajan calls for revamp of bank management structures
Tue, Aug 16, 2016
RBI Governor Raghuram Rajan on Monday said that management in banks should be revamped and performance-based incentives should be introduced into the country's banking sector.
RBI questions banks for lending Rs 5,262 crore to rice trading firm REI Agro
Mon, Aug 15, 2016
Reserve Bank of India (RBI) has questioned the decision of a 21-bank consortium led by UCO Bank to extend a staggering Rs 5,262-crore loan to Kolkata-based rice trading firm REI Agro which was found to be involved in fraudulent activities.
PM Narendra Modi backs new CPI target in Independence Day speech
Mon, Aug 15, 2016
Prime Minister Narendra Modi gave his backing to a new inflation target in a major speech on Monday, saying his government had brought down consumer price growth from double digits under the last government.
Raghuram Rajan's 'Three-Year' Journey
Tue, Aug 09, 2016
RBI Governor Raghuram Rajan on Tuesday presented his last monetary policy whereby he kept the key interest rates unchanged. Rajan assumed charge as the 23rd Governor of the Reserve Bank of India (RBI) on September 4, 2013, and will complete his tenure on September 4 this year.
Rajan should get one more term,says Rahul Bajaj
Tue, Aug 09, 2016
RBI Governor Raghuram Rajan should get one more term with the central bank or for at least two years, said Bajaj Group's chairman Rahul Bajaj.
Monetary Policy: Rajan will take centre-stage for the last day today
Tue, Aug 09, 2016
“Formalisation of the inflation targeting framework with a fixed timeline as well as MPC formation will reduce the individualistic approach in the rate-setting process,” India Ratings’ analysts Bansi Madhavani and Soumyajit Niyogi said in a research report dated August 8.