Reserve Bank Of India
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Inflation risk led to rate hike: Reserve Bank MPC minutes
In the last MPC meeting held on August 1, five out of the six members voted for a 25 basis points increase in the Repo rate to 6.50 per cent and for retaining the Reserve Bank of India’s neutral policy stance amid various uncertainties on the growth and inflation fronts.
Promoters’ stake dilution: RBI rejects Kotak Mahindra proposal
The RBI’s contention is that preference shares do not count towards the equity share capital. Many analysts had questioned the Kotak Mahindra Bank move, saying that the move is not in line with the spirit of the RBI’s guidelines on cutting promoter stake in the bank.
RBI transfers Rs 50,000 crore surplus to govt, 63 per cent higher than last year
After the RBI cut the surplus last year, the government had earlier this year sought an additional Rs 13,000 crore dividend
Stressed assets: ‘MSMEs worse-placed than power projects’
On February 12 this year, the RBI had issued a ‘Revised Framework for Resolution of Stressed Assets’ that stipulates that default of even a single day in payment of interest or principal amount would trigger a formulation of resolution plan by the committee of creditors.
Accepted RBI directorship in public interest: Swaminathan Gurumurthy
The Appointments Committee of the Cabinet has approved his appointment as non-official director on the central board of the RBI for a period of four years, an order issued by the Personnel Ministry said.
Government nominates Swaminathan Gurumurthy to RBI Central Board
The name of Gurumurthy, who had termed the demonetisation exercise a “success” and an “investment”, was approved by Prime Minister Narendra Modi-led Appointments Committee of the Cabinet on Tuesday.
Simply Put: Why a currency war is a worry
Trade skirmishes raise fears of a global currency war. A look at how it can affect India and other economies.
Stock-specific rally: Look at individual firms, their financials before investing, say experts
The BSE mid-cap and small-cap indices have plummeted nearly 9 per cent and about 13 per cent respectively in the same period.
Job of economists is not to predict crises: Urjit Patel
He said economists play a vital role in shaping public perceptions and discourses and in designing strategic policies in the corporate sector, central banks, governments and multilateral institutions, but ironically all these go very often unsung.
The RBI’s challenge: Protect the falling rupee or ensure the economy has enough cash
The Reserve Bank of India needs to pick one battle at the expense of the other, while also acknowledging that either choice leaves apart of economy vulnerable.
Customer complaints against banks in Gujarat rise by 93%
While the figures for 2017-18 are yet to be made public, RBI officials said the total number of complaints handled by the Banking Ombudsman at an all-India level is expected to rise by over 25 percent, compared to the previous year.
Stressed power assets: Is relief possible, Allahabad High Court asks Reserve Bank
While the RBI counsel could not give any commitment straightaway, the court told him to file a response by August 9, when it next hears the case.
To simplify process, 1 in 4 items has seen GST rate cut but revenue worries mount
The rate cuts on over 350 items out of total 1,211 items in the five broad categories of zero, 5 per cent, 12 per cent, 18 per cent and 28 per cent under GST are estimated to result in a revenue loss of about Rs 70,000 crore this year.
Second time in two months, RBI increases interest rate, cautions on fiscal front
The rate hike in June was the first time the benchmark lending rate was raised in over four years. This is now the first time since October 2013 that the central bank has raised the repo rate at two consecutive policy meetings.
Banks may review deposit, lending rates in near future
Bank of Maharashtra’s Executive Director A C Rout said, “many banks have already started increasing their lending as well as deposits rates and Bank of Maharashtra may review its rates in near future.”
Aug 17: Latest News
Atal Bihari Vajpayee dead: Off camera, a PhD student in mourning to a PWD worker on the job
Shelter home case: Deoria SP transferred, role of police stations being investigated
Amendments to SC/ST Act: Will appeal to non-Dalits to vote NOTA in reserved seats, says BJP MLA
‘Did not allow national anthem in madrasa’: Principal, two others charged with sedition in UP
Will name candidates for state, Lok Sabha polls in September first week: Telangana Congress
UP: Day after priests murdered, Qureshi men flee amid raids in Auraiya village
Assam NRC draft: Supreme Court seeks views of stakeholders on Centre’s SOP
Atal Bihari Vajpayee passes away: Tears, grief across political faultlines, state funeral today
