Reserve Bank of India (RBI)
Warning from ex-RBI governor Raghuram Rajan - 'Capitalism is under serious threat'
Tue, Mar 12, 2019
Rajan, tipped by some as a possible successor to take over from Mark Carney as governor of the Bank of England, said it was possible in the past to obtain a middle class job with "modest education".
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RBI-Kotak stand-off: Review panel for ownership norms among key proposals
Sun, Mar 10, 2019
Other proposals relate to individual cases including granting more time and more possible routes to meet the norms, unlike the review panel one which would have wider ramifications for the entire sector, the source added.
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Demonetisation Data: On Banned Rs 500, Rs 1000 Currency Notes, Here's Latest RBI Answer
Sun, Mar 10, 2019
The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps, which are believed to have formed a good part of the demonetised currency that returned to the banking system.
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SBI Large Savings Account Deposit, Short-Term Loan Interest Rates Linked to RBI Repo Rate: How Customers will Benefit?
Sat, Mar 09, 2019
SBI Savings Account Deposit, Loan Interest Rates: The new rates linked the external benchmark rate of the repo rate, will be effective from May 1, the bank said in a statement. SBI said it will link the savings bank deposits, with balance above Rs 1 lakh to the repo rate with current effective rate being 3.50 per cent per annum, which is 2.75 per cent below the present repo rate.
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RBI notifies 2 pc interest subsidy scheme for short-term crop loans
Thu, Mar 07, 2019
The Reserve Bank of India (RBI) Thursday notified the norms for banks with regards to two per cent interest subvention or subsidy for short-term crop loans during 2018-19 and 2019-20. The Centre has already approved the scheme.
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Cheaper retail loans on the anvil as majority of banks brace for 5-10 bps cuts by Mar 31
Tue, Mar 05, 2019
At least four PSU banks and one private bank will cut this week, said another banker. The RBI urged us to follow the rate cut and support the growth of the economy; some benefits can be passed without hurting our spreads and margins, observed the banker.
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RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations
Tue, Mar 05, 2019
On Monday, RBI had imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of India and Karur Vysya Bank - for non-compliance of directions on Swift messaging software.
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Lose fiscal, monetary policies not to boost economy; growth set to slow down to 6-6.5% in H1 of 19: Nomura
Tue, Feb 19, 2019
Despite the almost lose fiscal and monetary policies, the economy is likely to slow down to 6-6.5 percent in the first half of 2019, due to weak global demand, political uncertainty and tighter financial conditions, says brokerage report.
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Encouraging foreign investments! RBI lifts cap on FPI investments in corporate bonds
Fri, Feb 15, 2019
While the provision was aimed at incentivising FPIs to maintain a portfolio of assets, market feedback indicates that foreign portfolio investors (FPIs) have been constrained by this stipulation, the RBI said.
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SBI cuts interest rate by 5 bps on home loans up to Rs 30 lakh
Sat, Feb 09, 2019
"On the back of the monetary policy announced by the RBI, we have taken the lead to cut interest rates on home loans up to Rs 30 lakh," the bank's chairman, Rajnish Kumar, said in a statement. The new rates are effective from Friday.
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