RBI

RBI proposes 4-tier structure for tighter regulation of NBFCs

January 23, 2021 12:38 am

In its discussion paper on revised regulatory framework for NBFCs, the RBI has said the regulatory and supervisory framework of NBFCs should be based on a four-layered structure: Base Layer, Middle Layer, Upper Layer and a possible Top Layer.

HDFC Bank submits plan of action to RBI, hope to fix outage issue in 3 months

January 22, 2021 3:54 pm

Last month, the Reserve Bank of India (RBI) temporarily barred HDFC Bank from launching new digital banking initiatives and issuing new credit cards after taking a serious view of service outages at the lender over the last two years.

India within striking distance of attaining positive growth: RBI

January 21, 2021 2:05 pm

"What will 2021 look like? The shape of the recovery will be V-shaped after all and the 'V' stands for vaccine," said an article on the 'state of economy' in the RBI's January Bulletin.

Manufacturing firms log 'softer contraction' in sales at 4.3% in Q2 FY21: RBI data

December 25, 2020 3:29 pm

The data has been drawn from abridged quarterly financial results of 2,637 listed non-government non-financial (NGNF) companies, the RBI said.

Indian economy recovering fast, growth to turn positive in Q3: RBI article

December 24, 2020 4:06 pm

Impacted by the coronavirus pandemic, the Indian economy dipped by a historic 23.9 per cent in the first quarter of the current financial year. The contraction narrowed down to 7.5 per cent in the second quarter.

Telangana police says online instant loan apps illegal, will take action

December 19, 2020 12:41 pm

The Telangana police Friday stated that there are at least 60 such loan applications available on Google Play Store which are not registered or recognised by the Reserve Bank of India as an NBFC and their operations were unlawful.

RBI Governor Shaktikanta Das: Recovery not steady and continuous yet

December 19, 2020 2:45 am

Members of the RBI’s Monetary Policy Committee raised concerns on the status of some of the sub-sectors and aspects of the economy while stating that it might take at least a year to reach the earlier peak GDP level and more to recover lost growth.

Lenders to work out recast plan jointly with borrowers, says RBI

December 13, 2020 4:27 am

As per the RBI, borrowers do not require any resolution plan in any form to be submitted to the lending institutions at the time of request for invocation.

Citing inflation concern, RBI holds key rate; says recovery needs support

December 05, 2020 2:18 am

In its bi-monthly monetary policy, the central bank also offered more funds to 26 stressed sectors in the Covid-hit economy to maintain the tempo of the recovery.

Yet to take decision on industrial houses in banking, says Shaktikanta Das

December 05, 2020 1:17 am

The decision to allow industrial houses to control banks has evoked much debate and controversy at a time when there have been multiple bank failures leading to bailouts.

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

June 22, 2020 6:07 pm

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

June 22, 2020 6:11 pm

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

June 22, 2020 6:12 pm

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'

June 22, 2020 6:13 pm

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

June 22, 2020 6:21 pm

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

June 22, 2020 6:55 pm

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

June 22, 2020 7:10 pm

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

June 22, 2020 7:11 pm

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

June 22, 2020 7:12 pm

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

June 22, 2020 7:14 pm