RBI News

Large banks more efficient, scope for more mergers in the sector: RBI study

The number of large banks were 39 and 42 in 2005 and 2018, respectively, while for small banks the numbers corresponded to 37 and 42. In all the years, large banks were found to be more efficient than small banks.

Bank credit grows by 13.24%, deposits up 10.03% in FY19

According to data released by the Reserve Bank of India on Thursday, bank credit rose 13.24 per cent to Rs 97.67 lakh crore for the fortnight to March 29, 2019 from Rs 86.25 lakh crore in the same period last year.


SC order on NPAs: Shaktikanta Das says RBI to issue new guidelines soon

The apex court quashing the February 12, 2018 RBI circular Tuesday has created widespread concerns on the future of stressed assets resolutions and the likely delays towards the same, apart from also reversing on the gains made on credit discipline in the last one year or so.

Explained: Why RBI may cut lending rates at MPC review today

There is a strong possibility that the Monetary Policy Committee would announce a 25 basis points cut (one basis point is one-hundredth of a per cent), even as a section of the market is rooting for a deeper, 50 basis points cut.

Administration of GST does not command trust of states: Former RBI Governor Y V Reddy

Y V Reddy was speaking at the Indian Institute of Management-Ahmedabad at the unveiling of his new book ‘India’s Fiscal Federalism’.

Supreme Court scraps tough RBI circular on resolving bad debt

The February 12 circular required lenders to put in place Board-approved policies for resolution including the timelines for this.


Hitting the regulator

SC’s striking down of RBI circular on resolution of bad loans undermines central bank at a critical moment for economy.

SC strikes down RBI's 'February 12 order', says it's unconstitutional

Via its order, the RBI had issued various instructions aimed at resolution of stressed assets in the economy, including introduction of certain specific schemes at different points of time.

Setting limits

Raghuram Rajan’s suggestion on protecting RBI governor’s tenure must trigger wider debate on institutional autonomy

RBI may go for 25 basis points rate cut on April 4

The RBI had reduced the repo rate by 25 basis points in February after a gap of 18 months. A back-to-back cut in interest rate would provide relief to borrowers in the election season.

RBI Videos

‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

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

The Reserve Bank of India (RBI) Wednesday disclosed that almost 99 per cent of Rs 500 and Rs 1,000 currency notes which were withdrawn from circulation on November 8, 2016 has returned to the central bank, confirming what the government’s critics had been pointing out about the weak economic rationale for demonetisation. This also raises […]


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

Gross non-performing assets (NPAs), or bad loans, of state owned banks surged 56.4 per cent to Rs 614,872 crore during the 12-month period ended December 2016, and appear set to rise further in the next two quarters with many units, especially in the small and medium sectors, struggling to repay after being hit by the […]

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

During the 50-day demonetisation window-period numerous cases of illegitimate conversion of old Rs 500 and Rs 1,000 notes were reported at various bank branches, the Reserve Bank of India has centred its investigation on unusual transactions at bank branches that include those who got demand drafts (DD) made during that period using old currency notes […]

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

After RBI shot down the Election Commission’s proposal to relax the weekly withdrawal limit for those contesting the Assembly elections, EC reminded the central bank that it is “imperative” that its directions are “complied with” during poll season. Upset about the “cursory manner” in which the RBI had dealt with its request and asking it […]

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

The government is resigned to the prospect of only about Rs 75,000 crore in demonetised Rs 500 and Rs 1,000 notes not returning to the formal banking system, a top official said. When the decision to scrap these high-denomination notes was taken, the government had estimated that up to Rs 3 lakh crore or almost […]