Reserve Bank India
Reserve Bank India News
‘On tap’ licence regime: RBI proposes `200 cr capital for small finance banks
An SFB is primarily set up to undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections, including small business units, small and marginal farmers, micro and small industries, and unorganised sector entities.
Turning new page, RBI dips into its reserves to transfer record Rs 1.76 lakh crore to govt
The transfer includes Rs 1.23 lakh crore of surplus for 2018-19 and Rs 52,637 crore of excess provisions identified under a revised Economic Capital Framework (ECF). It is over three times the five-year average of Rs 53,000 crore.
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India Inc’s Q1 profit takes a hit amid high interest costs, demand slowdown
Interest costs soared by 22.16 per cent to Rs 65,485 crore during the first quarter ended June 2019 even as demand slowdown started hitting India Inc.
Explained: What is the significance of the Jalan committee report?
The report of the committee, headed by former RBI Governor Bimal Jalan, was finalised on Wednesday after a meeting in New Delhi and will be submitted to the central bank “very soon”.
Quicker transmission of rate cut by banks expected: RBI Governor
During this year, the RBI reduced the key policy rate thrice with an aggregate reduction of 0.75 percentage point in the repo rate, the rate at which RBI lends to banks.
RBI to discuss with goverment issuance of sovereign bonds: Governor Shaktikanta Das
After the customary post-budget meeting with Finance Minister Nirmala Sitharaman, he said the system has sufficient liquidity and the Budget for 2019-20 has made provision for shadow banking (NBFC) sector.
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SEBI wants a seat on RBI board and more powers
SEBI’s move comes amidst crisis in the loosely-regulated NBFC sector that has adversely impacted some debt mutual funds which are directly regulated by it.
Ease the tension
Viral Acharya’s exit from RBI brings institution’s relations with government into focus, issues he flagged must be discussed.
Reserve Bank proposes 24x7 NEFT money transfer
It said the RBI would examine the need to consider uninterrupted and round-the-clock availability of various payment systems, gradual enhancement of limits, including differential day-night, holiday limits for transactions, subject to risk management and liquidity management.
RBI to soon issue new 'greenish yellow' coloured Rs 20 note
New 20 Rupee Note: As of today, the RBI has already introduced new Rs 10, Rs 50, Rs 200, Rs 500, Rs 2,000 banknotes.
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