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RBI governor says time other banks linked loans, deposits to repo rate

The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, Das told the annual banking conference organised by the industry lobby Ficci here this morning.

‘Non acceptance’ of coins by several banks, states; FinMin reviews issue

At the high-level meeting, the previous attempts of the RBI which directed all banks to immediately instruct their branches to accept coins of all denominations tendered at their branches were also taken up.

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RBI to cut interest rates by 40 basis points before this fiscal-end: Fitch

RBI has cut interest rates four times this year but the transmission of the same by banks to borrowers has lagged. In all, the central bank has cut interest rates by 110 bps this year.

Stress ahead: Domestic bond yields rise 10 bps

The 10-year benchmark bond yields fell by 40 bps during July 2019 to an average of 6.52 per cent from month ago and by 87 bps from April 2019.

RBI proposes easing of rules for sandbox model

Regulatory sandbox is an infrastructure that helps FinTech players live test products.

An Expert Explains: Why lower fiscal deficit isn’t always good news

Last week, RBI, the country’s central bank, cut repo rates by 35 basis points — the sharpest cut in nine years.

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After SBI, BoB links home loan product to RBI’s repo rate

Bank of Baroda customers opting for the home loan product would have a choice between MCLR-linked rate — indexed to the bank’s cost of funds — or a rate linked to Reserve Bank of India’s repo rate.

RBI task force against Indian banks dealing in offshore NDF rupee market

The Usha Thorat-led recommended that banks should be allowed to offer prices to non-residents at all times, out of their Indian book.

Explained: Why RBI’s monetary policy matters

It influences the interest rate in the economy — which is the cost of money when you don’t have it, and the reward for parting with it when you have it.

Not by cuts alone

Repo rate cut will help lower borrowing costs, but growth revival will require a coordinated policy response.

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Farmers' plight should "shake the conscience" of the banking sector : PM Narendra Modi

PM Narendra Modi complimented RBI Governor Raghuram Rajan for his grasp and clarity on economic issues.

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Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?

Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.

RBI Removes Withdrawal Limits On ATMs For Current Accounts

The Reserve Bank of India on Monday announced that limits placed on cash withdrawals from ATMs stand withdrawn from Feb 1. However, the weekly withdrawal limit of Rs 24,000 will continue. The central bank also said that all limits on current account and overdraft accounts stand withdrawn with immediate effect. The RBI, however, allowed the banks […]

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RBI Buckles Under Pressure, Withdraws Rs 5,000 Deposit Limit

In a sharp u-turn by the Reserve Bank of India, the restrictions imposed on bank deposits exceeding Rs 5,000 in old notes have now been withdrawn by the central bank. In a circular issued to banks, the RBI said it was revoking the restrictions after reviewing the case. Facing severe criticism over the decision, the […]

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