RBI

RBI remains net seller of US dollar in Oct; sells $7.2 bn

In the reporting month, the central bank purchased USD 945 million, while sold USD 8.149 billion in the spot market, according to the data.

After Urjit Patel leaves, NITI Aayog's Vice Chairman says RBI not dependent on one person

Niti Aayog Vice Chairman Rajiv Kumar Tuesday said the central bank's institutional capabilities are 'very strong'.

RBI Governor Urjit Patel has left. Now what?

Understanding the background of Monday’s extraordinary development, and what might follow.

Urjit Patel: The vigilant owl flies out in protest, as the nest comes under attack

When Patel was appointed the deputy governor in January 2013, he compared the RBI to an owl, which has to be watchful and at guard for every development.

Who is Urjit Patel

Within two months of his appointment, Patel faced the first challenge with Modi’s demonetisation decision, and then the tax revamp with the GST coming into play. 

The oil effect

Easing of crude prices, low food inflation lets off pressure on RBI to increase repo rate. Fiscal indiscipline can change the scenario

Ahead of RBI monetary policy review, Sensex falls over 200 points

In similar movement, the NSE Nifty was trading 75.90 points, or 0.70 per cent, lower at 10,793.60.

Governor Malik rethinks on J&K Bank’s autonomy

Tells staff that RBI will remain bank’s regulator, and board will decide. The RBI had licensed J&K Bank, incorporated in October 1938, as an “old generation private sector bank.”

Reserve Bank eases NBFC securitisation norms

NBFCs can now securitise loans of more than five-year maturity after holding those for six months on their books, the RBI said in a notification.

RBI makes LEI mandatory for market participants regulated by it

The LEI code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the global financial crisis.

Express Eye for Detail Ep 12: Two years of demonetisation, the Diwali mess and Faizabad renamed as Ayodhya

Two years on, The Indian Express learns that RBI did not approve of demonetisation and more about the week’s top stories in Express Eye for Detail episode 12.

Eye for Detail EP 12: All about the Ayodhya uncertainty, RBI vs govt and Statue of Unity

How the BJP and RSS are reacting to the Supreme Court deferring the Ayodhya case, why the RBI and the government are at loggerheads and what it means to have a statue worth almost Rs 3000 crores. All that and more in this week’s Eye for Detail.

'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'

Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.

Congress has no faith in us or any other institution because it has no faith in itself: Narendra Modi

Prime Minister Narendra Modi said the Congress party has no faith in the government, the CJI, the RBI or any international organisation that gives data on India's growth. He said it is because Congress has no faith in itself.

Demonetisation: RBI recovers almost all banned notes

56.4 Per Cent Rise In Bad Loans Or Non Performing Assets Of State Owned Banks

RBI Asks Banks To Track Demand Drafts Used To Convert Old Notes To New During Demonetisation

Election Commission Hits Back After RBI Rejects Plea To Raise Cash Limits For Poll Candidates

Rs 14 Lakh Crore In Old Notes Back With Banks, Micro-Small Scale Industries Suffer Job Loss

Find Out What Banks Told Government As 50-Day Demonetisation Deadline Nears