RBI

Major relief for NBFCs and small business as RBI eases hedging norms

In a circular issued by the central bank, for ECBs which have a maturity period between three-five years, the mandatory hedging requirement has come down to 70%, instead of the earlier level of 100%.

Nov 28, 2018

Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

A Bloomberg report says the government nominees on the board will ask RBI to take steps to prevent banks from accumulating bad loans rather than penalise them after the fact.

Nov 27, 2018

RBI governor Urjit Patel appears before parliamentary panel to brief on demonetisation

The RBI Governor appeared before the panel days after the central bank's face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises.

Nov 27, 2018

Banks may get Rs 3.7 lakh crore lending boost as RBI defers Basel III norm roll-out

Some experts feel the one-year limit could prevent the economy from drawing full benefits of the added liquidity

Nov 22, 2018

RBI vs Modi govt: From liquidity to relief for MSME sector - key takeaways from Monday's board meet

In the tense run-up to the meeting, there was speculation even about RBI governor Urjit Patel's exit.

Nov 20, 2018

RBI concludes crucial day-long board meeting; likely to increase cash flow

Among the most contentious issues discussed were the government's demands for steps to ease liquidity in the financial sector and increase credit to small businesses.

Nov 19, 2018

Will RBI chief Urijit Patel quit if push comes to shove?

The government wants Patel to yield on key issues including reserves and bank NPAs to re-ignite economic growth, especially of MSMEs.

Nov 19, 2018

CIC asks PMO, RBI to disclose wilful defaulters' list, Raghuram Rajan's letter on bad loans

The commission had earlier issued a show cause notice to RBI Governor Urijit Patel for "dishonouring" a Supreme Court judgment and CIC directive on disclosure of the list of wilful defaulters.

Nov 19, 2018

Uncertain week ahead as domestic, global uncertainties persist

The week ahead is expected to see much caution as RBI board meeting promises some fireworks over government's differences with Urjit Patel

Nov 18, 2018

Chidambaram responds to PM Modi's challenge, lists non-Gandhi Congress presidents

On Friday, Modi had slammed Congress after MP Shashi Tharoor's remarks that a "chaiwala" (tea-seller) became the Prime Minister because of Jawaharlal Nehru's commitment to democracy.

Nov 17, 2018

S Gurumurthy's comments set the tone for heated debate in RBI meeting

RBI board meeting on Monday is likely to see heated debates as the govt appears to be bent on forcing the RBI to change banks' provisioning requirements.

Nov 16, 2018

RBI, FinMin unlikely to be influenced by IMF's change of heart towards cryptocurrencies

Sweden's central bank has run some tests and the IMF has credited Canada, China and Uruguay as also going ahead with plans to provide a digital currency.

Nov 15, 2018

PM Modi steps in to quell RBI-North Block spat

The Prime Minister may have met RBI chief Urjit Patel to defuse RBI-Finance Ministry dispute ahead of the announcement of the action plan to boost MSME sector.

Nov 13, 2018

What was Modi Govt's 'tearing hurry to fix' RBI capital framework?, asks Chidambaram

In a series of tweets, the senior Congress leader slammed the government for allegedly seeking funds from the RBI despite claiming that its (Centre) fiscal math was correct.

Nov 11, 2018

Govt. denies move to appropriate Rs 3.6 lakh crore from RBI reserves

"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track," says Economic Affairs Secretary Subhash Chandra Garg.

Nov 9, 2018

CIC issues show-cause notice to RBI guv Urjit Patel for non-disclosure of wilful defaulters' list

The CIC has asked Patel to explain why a maximum penalty should not be imposed on him for "dishonouring" the Supreme Court verdict.

Nov 5, 2018

RBI governor should work with govt or quit: RSS economic wing head

Ashwani Mahajan, the chief of Swadeshi Jagran Manch, said that RBI should not see the suggestions of the government negatively.

Nov 1, 2018

Centre uses rare provision to force RBI's hand; board meeting on 19th

The government has apparently issued instructions to the RBI on matters such as liquidity at NBFCs, capital requirement for weak banks and lending to SMEs.

Oct 31, 2018

Arun Jaitley hits back at RBI, says it allowed lending excesses

Government officials were very upset by RBI Deputy Governor Viral Acharya's comments, which included a reference to problems created in Argentina when its government meddled in central bank affairs.

Oct 30, 2018

September retail inflation picks up, remains below RBI's medium-term target

The International Monetary Fund forecasts India's economy could grow 7.3 percent in the fiscal year ending in March 2019, versus 6.7 percent in the last.

Oct 12, 2018