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FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise

December 11, 2019 4:31 am

It is unclear why the government initially assured the RBI that RBI "alone" will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.

How Kerala’s ‘own bank’ changes the cooperative sector — and road ahead

December 11, 2019 8:36 pm

Kerala Bank brings the state’s co-operative banking sector together under a single roof, Chief Minister Pinarayi Vijayan said; it is envisaged as a people-owned and people-managed modern bank with a significant share of the banking sector.

As RBI buys dollars, Re falls 2.5% in 2019 despite huge foreign funds flow

As RBI buys dollars, Rupee falls 2.5% in 2019 despite huge foreign funds flow

December 09, 2019 7:09 am

Despite the recent gush of foreign fund flows into the equity and debt markets, the rupee has remained relatively weak against the United States dollar.

Holding rates of interest: RBI cites inflation which raises questions

December 07, 2019 8:30 am

The retail inflation of 4.6 per cent in October was largely due to increase in food prices, which is seasonal, and more transient in nature.

Explained: Despite RBI’s temporary pause, borrowing cost may still fall as spread narrows

December 07, 2019 8:23 am

As uncertainties surround the financial system — especially in the backdrop of failure of large institutions like IL&FS, DHFL, PMC Bank and some smaller NBFCs — banks are yet to fully pass on the rate reductions to customers.

Rising inflation, need for clarity on fiscal policy prompt RBI to keep rates steady

December 06, 2019 4:06 am

While the decision to keep the repo rate at 5.15 per cent was unexpected, the MPC said it will “continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target”.

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No cut in time

December 06, 2019 1:54 am

MPC opts for status quo, citing inflation concerns. But with growth slowing sharply, it should have continued to ease

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Final norms for on-tap small finance banks unveiled

December 06, 2019 4:17 am

Capital requirement set at Rs 200 crore; Rs 100 cr for urban co-operative banks initially.

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RBI keeps repo rate unchanged at 5.15 per cent, cuts 2019-20 GDP forecast to 5 per cent

December 05, 2019 5:19 pm

The Reserve Bank of India (RBI) left its repo rate unchanged at 5.15 per cent and continued with its accommodative stance for supporting the economy. However, it reduced its GDP growth forecast for 2019-20 to 5 per cent from 6.1 per cent.

RBI proposes new prepaid card for transactions up to Rs 10,000

December 05, 2019 3:16 pm

PPIs are instruments to facilitate purchase of goods and services, including financial services, remittance facilities among others against the value stored on such instruments.