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Interim solution
A framework agreement on capital, surplus transfers from RBI to government will smoothen ties between the two.
RBI to pay record Rs 28,000 crore as interim dividend to government
Finance Minister Arun Jaitley addressed the post-Budget meeting of the Board earlier during the day, outlining various reforms carried out by the government in last four years.
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Sensex falls 311 pts on border tension
The rupee weakened by 11 paise to end at 71.34 against the US dollar amid firming crude oil prices and persistent foreign fund outflows.
Easy does it
Low inflation stokes expectations of further monetary easing. But macroeconomic stability concerns remain
Forex reserves back at $400 billion
Total forex reserves grew over $2 billion in the week ended Jan 25 to hit a 4-month high of $400.2 billion.
Agriculture sector credit stagnates, bad loans surge over 40%: RBI
Credit growth to the farm sector fell to a low of 3.8 per cent during the fiscal ended March 2018 and improved marginally to 8.4 per cent, which is much lower than the overall non-food bank credit growth of 12.8 per cent as of December 2018.
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RBI imposes penalty on 7 banks
The banks are: Allahabad Bank (Rs 1.5 crore), Andhra Bank (Rs 1 crore), Bank of Maharashtra (Rs 1.5 crore), Indian Overseas Bank (Rs 1.5 crore), HDFC Bank (Rs 20 lakh), IDBI Bank (Rs 20 lakh) and Kotak Mahindra Bank (Rs 20 lakh).
Monetary Policy Committee meeting: RBI Governor, Deputy Governor differ on rate cut decision
While Shaktikanta Das wanted a 25 bps cut, Viral Acharya opted for status quo.
RBI cuts rate, signals further softening to focus on growth
Repo rate cut by 25 basis points; home, personal loans likely to come down.
New RBI measures: IBC bidders now raise funds via ECBs
As per the existing guidelines, the proceeds of ECB denominated in either foreign currency or the rupee, are not permitted to be utilised for repayment or for on-lending for repayment of domestic rupee loans.
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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.
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