Reserve Bank

Reserve Bank News

Credit flow to micro and small units contracts in first 9 months of FY19

Data from the Reserve Bank of India shows that loan outstandings of micro and small units have fallen by 2.14 per cent to Rs 365,000 crore as on December 21, 2018 from Rs 373,000 crore in March 2018, a decline of Rs 8,000 crore.

Size isn’t the issue

Transforming state-owned banks will need radical changes in governance and ownership structures. Consolidation is no panacea.

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‘RBI might go for more hike this year’

There are, however, some other major research houses that see a more aggressive rate hike in this year. While Citi India expects another rate hike this year in October, Morgan Stanley expects rate hikes to be front-loaded.

Over 23,000 bank fraud cases involving Rupees one lakh crore in 5 years: RBI

The highest ever amount of Rs 28,459 crore is said to have been involved in these cases of fraud reported from April, 2017, to March 1, 2018, the central bank said. In 2016-17, banks had reported 5,076 cases of fraud involving Rs 23,933 crore.

Ex-RBI governor warned against loan waiver promises by parties, reveals Arun Jaitley

"While addressing a conference organised by NABARD and SIDBI, the former Governor in question had also said that loan waivers and subsidies "distort the credit discipline," Arun Jaitley said.

People queue outside RBI to withdraw new notes in denominations of Rs 50, Rs 200

Meanwhile, a resident of Mumbai was seen in possession of the new Rs 50 bank note on Thursday. An exclusive picture of the man with the new note was accessed by The Indian Express.

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Mumbai: Protests outside RBI branch as bank refuses to accept old notes

There was chaos outside an RBI branch in Mumbai on Tuesday as the bank officials refused to accept demonetised notes.

RBI on NPAs ‘Bad loan levels stable, but we are watching’

Central bank: Only way is to adopt correct biz practices.

RBI: Utility bills valid proof of address to open account

Bill which is not more than two months old of any service provider is valid.

On rate cut hopes, 10-year bond yields declines by 5p

The benchmark 8.40 per cent-2024 bond closed at Rs 103.2175 or at a yield of 7.8981 per cent on Monday as against Friday's close of Rs 102.90 or 7.9465 per cent.

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