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reserve bank of india News
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PMC Bank Scam Effect! RBI takes big step - What Reserve Bank did after Rs 4k cr fraud
Sat, Oct 12, 2019
. The RBI on Friday changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there.
Why RBI repo rate cut by only 25 bps, asks Zee Business; Governor Shaktikanta Das said this
Fri, Oct 04, 2019
The RBI Governor said that in the last few months we have reduced the repo rate by 110 basis points, and today also it has been reduced by 25 basis points.
Niti Aayog pushes banks to pass on RBI rate cut
Fri, Feb 22, 2019
"We inherited a banking sector with NPAs worth Rs 10.5 lakh crore. But now that struggle seems to be over and the banking sector is looking up again indicating that the interest rate cut be passed on for the growth of the economy," said Kumar.
Niti Aayog bats for setting up independent debt management office
Fri, Feb 22, 2019
The time for an independent debt management office may have come, he said at an event organised by Niti Aayog. Kumar said, very often, there have been conversations on whether the central bank should not only have a role as monetary policymaker or supervisor, but also as a government debt manager.
RBI likely to change monetary policy stance, move closer to rate cut
Tue, Feb 05, 2019
Some economists said Das, a seasoned bureaucrat, is likely to promote growth and aid the fragile financial sector, as inflation is comfortable at present, in December dropping to an 18-month low of 2.19 percent.
Extend loan restructuring scheme to MSMEs not yet registered under GST: Industry
Wed, Jan 02, 2019
The Reserve Bank of India (RBI) Tuesday allowed a one-time restructuring of the existing debt of up to Rs 25 crore for the companies that have defaulted on payments but their loans have continued to be classified as standard assets.
New Rs 20 note release Alert! Soon, get anew bank note with additional features
Tue, Dec 25, 2018
The central bank has already issued new look currency notes in the denominations of Rs 10, Rs 50, Rs 100, and Rs 500, besides introducing Rs 200 and Rs 2,000 bank notes.
This is what Shaktikanta Das, as new RBI governor, will do; SBI chairman explains
Wed, Dec 12, 2018
Former finance secretary and current member of the finance commission Shaktikanta Das has been appointed as the Governor of the Reserve Bank of India (RBI).
Half of bank deposits contributed by individuals, says RBI data
Tue, Jul 31, 2018
More than half of bank deposits were contributed by individuals, who held the highest share across all population groups -- rural/semi-urban/urban/ metropolitan, during 2017-18, as per a RBI data.
Indians back to hoarding cash; all you want to know
Thu, Apr 26, 2018
Currency withdrawals in the January-March quarter stood at 1.4 trillion rupees, about 27 percent more than in same quarter of 2016. Overall, the currency in circulation stood at 18.9 trillion rupees as of April 20, 18.9 percent up since the beginning of last October when withdrawals began to gather pace.
RBI remains net buyer of greenback in Sep, snaps up $1.3 billion
Sun, Nov 12, 2017
In the reporting month, the central bank bought $3.788 billion, while it sold $2.529 billion in the spot market, according to the latest RBI data.
Vijaya Bank Q1 net jumps over 57% to Rs 255 crore
Sat, Jul 22, 2017
The public sector bank had registered a net profit of Rs 161.66 crore in the corresponding April-June quarter of 2016- 17 fiscal.
AU Small Finance Bank IPO oversubscribed 1.36 times on Day 2
Thu, Jun 29, 2017
The IPO, to raise Rs 1,912 crore, received bids for 5,14,01,659 shares against the total issue size of 3,76,95,520 shares, data available with the NSE showed.
GST in India versus GST in the other countries: What differentiates India
Mon, May 29, 2017
Concept of GST is not new to the world as nearly 160 countries as on 2016, have opted this mode for bringing individually tax rates into a single tax.
LIC earns total investment income of Rs 1.80 lakh crore in FY17
Sun, May 21, 2017
LIC has earned a total investment income of Rs 1,80,117 crore in FY17 through investment in government bonds and state development loans, interest, corporate bond interest, dividend income and profits on sale of equity.