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central bank News
RBI surprises by keeping repo rate unchanged, slashes growth forecast; read experts' views
Thu, Dec 05, 2019
"The MPC recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture," the committee said in a statement.
Stock Market: Sensex, Nifty soar on FPI surcharge waiver; Central Bank, HUDCO, DHFL stocks gain
Mon, Aug 26, 2019
The BSE Sensex shot up 337 points at 37,045 levels while the 50-stock Nifty soar 85 points at 10,914 levels. The Bank Nifty index scaled 422 points at 27,380 levels.
RBI issues circular on NPAs, says defaults need to be recognized within 30 days
Fri, Jun 07, 2019
The Reserve Bank of India on Friday released fresh guidelines to deal with bad loans after the Supreme Court quashed its 12 February, 2018, circular, which mandated lenders to start resolution even if there was a one-day default. New NPA resolution norms replace all the previous models, the central bank said. Under the new norms, defaults are to be recognized within 30 days, says RBI.
RBI will take steps to enable robust growth: Shaktikanta Das
Sat, Jan 19, 2019
Addressing an investors` round table at the Vibrant Gujarat Global Summit 2019 here, the Reserve Bank of India (RBI) Governor also reiterated that the central bank is committed to its mandate of containing inflation, while keeping in mind the need to promote growth.
Jerome Powell sought fast end in 2013 to Federal's bond-buying program
Sat, Jan 12, 2019
The Fed did announce a plan to slow its purchases later that year, but not before global financial markets endured months of turbulence in what has become widely known as the "taper tantrum."
Bank ATMs numbers falls to 2.07 lakh; reason for you to worry? Check out stats
Sat, Dec 29, 2018
"In FY18, the number of ATMs of state-run banks declined to 1.45 lakh from 1.48 lakh in FY17," the RBI said in the 'Trends & Progress of Banking in 2017-18' report.
IMF warns storms clouds gathering for global economy
Tue, Dec 11, 2018
"But like many of you, I see storm clouds building, and fear the work on crisis prevention is incomplete," he said at banking conference hosted by Bloomberg.
A strong balance sheet essential for independence, credibility of RBI: Fitch
Sun, Dec 02, 2018
While the central banks globally hold 14 per cent reserves, the RBI keeps around 27 per cent of its capital as reserves. Reduction of capital reserves to global level could free up to Rs 3.6 lakh crore.
RBI vs Centre: Urjit Patel in spotlight, markets on watch
Mon, Nov 19, 2018
Unhappy over the pressure, RBI Deputy Governor Viral Acharya had warned that undermining central bank independence could be "catastrophic".
Government is not eyeing RBI's surplus reserves: Gurumurthy
Fri, Nov 16, 2018
"You can`t say dollar has appreciated this much and give me that money. The government is not asking for that. As per my understanding, the government is only asking for formulation of a policy as to how much reserves the central bank must have," he said while delivering a lecture at the Vivekananda International Foundation (VIF) here.
Rahul Bajaj warns Modi govt on never-used Section 7 over RBI controversy
Fri, Nov 16, 2018
Relations between RBI and finance ministry soured in the past month, after North Block started consultations under the never-used Section 7 of the RBI Act which allows government to direct RBI to undertake certain measures "in public interest".
Discussion around invoking Section 7 unfortunate:Ex RBI Dy Guv
Mon, Nov 12, 2018
The former deputy governor said: "Such a situation will not arise if the government and RBI engage in talks at regular intervals. The ongoing debate is an indication that there have been some problems in this process. If there are talks, all issues will be resolved".
When will Indian rupee strengthen? Don't hold your breath!
Mon, Oct 29, 2018
Other major central banks including the Bank of England are also tightening the screws as growth and inflation pick up. That leaves only Bank of Japan, which is still providing liquidity at ultra-low levels. It’s a known fact that, as rates shoot up in developed market economies and as the liquidity dries up, scramble for quality assets become all the more prominent. Which means funds flow into emerging market economies comes under renewed pressure.
RBI against separate regulator for payments system; issues dissent note
Sat, Oct 20, 2018
"The overarching impact of monetary policy on payment and settlement systems and vice versa provides support for regulation of payment systems to be with the monetary authority," the dissent note said. The regulator said that it is vested within its purview to regulate the bank account for payment systems and the settlement systems are finally posted in the books of account of banks with the RBI to attain settlement finality.
Did RBI just make a case for LTCG removal? Policy document suggests so
Thu, Feb 08, 2018
Amid debate over the government move to tax long term capital gains (LTCG) from equities, Reserve Bank Governor Urjit Patel said today that India has five taxes on capital and warned of their impact on investments and savings.
Banks may sell stressed loan accounts to ARCs in absence of bidders
Tue, Jan 09, 2018
As many as 28 stressed loan accounts may be sold to asset reconstruction companies (ARCs) by banks in the absence of suitable bidders. These accounts were asked to resolve or send to bankruptcy courts for launch of insolvency proceedings by the central bank.
Japan's household spending jumps but BOJ seen keeping stimulus
Tue, Dec 26, 2017
Minutes of the BOJ`s October rate review showed that while most central bank policymakers saw no need to ramp up stimulus, they agreed on the need to sustain "powerful" monetary easing for the time being.
Gold edges down on caution ahead of key cenbank meetings
Mon, Oct 30, 2017
Gold inched lower on Monday as investors remained cautious ahead of policy meetings of three major central banks and the naming of the next U.S. Federal Reserve chair.
Urjit Patel meets Finance Ministry officials to discuss NPA resolution issues
Fri, May 12, 2017
Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.
Asian stocks ease, cautious ahead of central bank announcements
Wed, Mar 15, 2017
Japan`s benchmark Nikkei average opened down 0.52% while the broader Topix edged 0.41% lower.