Fitch Ratings: RBI Governor resignation highlights risks to policy priorities
Newsroom24x7 Network Hong Kong/Singapore: The resignation of the Reserve Bank of India (RBI) governor on 11 December follows a period of government pressure on the central bank to spur economic […]
RBI discusses restructuring scheme for stressed MSMEs
Newsroom24x7 Network Mumbai: The Reserve Bank of India’s (RBI) Central Board met today in Mumbai and discussed the Basel regulatory capital framework, a restructuring scheme for stressed MSMEs, bank health […]
Gurumurthy nominated to RBI Central Board
Newsroom24x7 Network Mumbai: The Central Government has nominated Swaminathan Gurumurthy and Satish Kashinath Marathe as directors of the Central Board of the Reserve Bank of India for a period of […]
Inflation clouds force RBI to increase repo rate
Newsroom24x7 Network Mumbai: Four years down the line, after Narendra Modi assumed office as Prime Minister, with inflation clouds looming over Indian economy, the Reserve Bank of India has increased the […]
RBI clarifies on quality control measures in currency note printing
Newsroom24x7 Staff Mumbai: Close on the heels of the arrest of two brothers in possession of fake currency worth Rs. 48,000 in Rs. 2000 denomination earlier on Wednesday night ( […]
Farm loan waivers by States may result in fiscal slippages and undermine the quality of public spending: RBI
Newsroom24x7 Staff RBI cuts key rate by 0.25%; to lower home, auto EMIs Growth impulses in industry and services are weakening Implementation of farm loan waivers by States may result […]
And now Demonetisation: Modiji, Please don’t let the bankers down
Newsroom24x7 Desk New Delhi: After the Modi Government’s hard hitting decision to discontinue the use of ₹500 and ₹1000 notes to address the issue of black money, a letter written […]
RBI keeps rates on hold ahead of budget
Newsroom24x7 Desk Mumbai : The Reserve Bank of India (RBI) has kept its policy rate on hold at 6.75 percent, as it announced so today, this Tuesday, and the announcement […]
PMI shows contraction in Indian manufacturing activity, first time since 2 years
Newsroom24x7 Desk New Delhi : Nikkei’s Manufacturing Purchasing Managers’ Index, compiled by Markit, fell to a 28-month low of 49.1 in December from the earlier value of 50.3 as at […]
WPI and Food prices still do not converge albeit WPI’s decline in Nov
Newsroom24x7 Desk New Delhi : Wholesale prices fell again in Nov, but food prices and indices do not appear to be moving in the same direction yet. India’s wholesale prices […]
RBI keeps repo rates unchanged
Newsroom24x7 Desk Mumbai : The Reserve Bank of India (RBI) kept its key repo lending rate unchanged at 6.75 percent. This announcement came in expected lines as statistics suggested repo […]
Masala Bonds Offer India Firms Funding Diversification
Newsroom24x7 Desk Mumbai/Singapore: The opening of a ‘Masala’ bond market, where Indian firms issue bonds offshore in rupee, will provide an opportunity for some larger issuers to diversify funding sources […]
RBI imposes Monetary Penalty on Krishna Mercantile Co-operative Bank
Newsroom24x7 Desk Mumbai: The Reserve Bank of India has imposed a monetary penalty of Rs. 5 lakh on the Krishna Mercantile Co-operative Bank Ltd. of Bhopal. RBI has imposed the fine on Krishna […]
RBI seeks inputs on converting a UCB into a commercial bank
Newsroom24x7 Desk Mumbai: The High Powered Committee on Urban Co-operative Banks (UCBs) has recommended that the business size of Rs 20,000 crore may be the threshold limit beyond which a […]
Equity shares of Bank of Baroda can be acquired through primary market and stock exchanges
Newsroom24x7 Desk Mumbai: The Reserve Bank of India has notified that the aggregate share holdings by Foreign Institutional Investors (FIIs) – Registered Foreign Portfolios Investors (RFPIs), Non Resident Indians (NRIs) […]
RBI will exchange information and seek mutual assistance from Central Bank of Seychelles
Newsroom24x7 Staff New Delhi: The Reserve Bank of India has signed a Memorandum of Understanding (MoU) on “Exchange of information and mutual assistance in banking sector supervision” with Central Bank of Seychelles […]
