Reserve Bank of India (RBI)

BJP govt greedy, plans to take away RBI reserves, says P Chidambaram

The former Union Finance Minister says that the Modi government needs to understand the roles and functions of the central bank.

Nov 10, 2018

NBFC cash shortage hits real estate sector amid IL&FS episode

The scale of the problem is so humungous that even the sanctioned home loans are not being disbursed.

Nov 9, 2018

Demonetisation spurred Indian economy's digitisation but issues remain

Whatever the avowed objectives of the controversial demonetization, it did help the Digital India initiative. However, the weak internet infrastructure has affected the government efforts to bridge the digital divide.

Nov 9, 2018

Centre demands one third of RBI reserve, RBI says no

The issue is related to the Centre seeking transfer of Rs.3.6 lakh crore that is more than a third of the total Rs.9.59 lakh crore reserves of RBI.

Nov 6, 2018

Reserve Bank of India bought 37% of gold reserves in Q3 of 2018: WCD report

RBI has bought 21 tonnes of gold between January to September, with the highest purchase in the Q3. Currently, the total gold reserves with RBI is 566 tonnes.

Nov 5, 2018

Dhanteras 2018: This how you should plan if you want to invest in gold

Like every year, just at the beginning of the festive season, Hindu families go on gold buying spree especially on the day of Dhanteras.

Nov 5, 2018

Swadeshi Jagran Manch, Modi govt want Urijit Patel out of RBI: Chidambaram

SJM reportedly insisted that Reserve Bank of India (RBI) officials should exercise the discipline of restraint or resign.

Nov 3, 2018

India will become fifth largest economy in 2019: Finance minister Arun Jaitley

India emerged as the world's sixth largest economy in 2017, surpassing France, and is likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank.

Nov 3, 2018

Liquidity crisis: RBI allows banks to assist NBFCs raise capital

The latest step taken by the central bank is expected to provide some liquidity to the cash-strapped NBFCs.

Nov 3, 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

India's current economic scenario not like 1991 crisis: Bimal Jalan

The RBI had recently underlined the importance of its autonomy and warned that the government's focus on short-term goals could be harmful to the economy.

Nov 1, 2018

RBI chief Urijit Patel may consider resignation amid differences with Modi govt: Report

The development has come against increasing tension between RBI and Centre after the RBI deputy governor Viral Acharya, in his speech warned of potentially catastrophic consequences if the Centre dilutes the autonomy of the apex bank.

Oct 31, 2018

Centre tries to impinge on central bank's autonomy by invoking Section 7 of RBI Act

It is speculated that this move was behind RBI deputy governor Viral Acharya's warning the Centre – a rare display of independence – not to impinge on central bank's autonomy which might lead to undesirable consequences.

Oct 31, 2018

Government trying to destroy autonomous structure of RBI: Congress

Anand Sharma said that it was in the interest of India and the economy that the RBI alone remains the regulator for the banks for the lending, borrowings and fixes the rates for the banks.

Oct 30, 2018

Indian bank customers' data compromised after Microsoft shares it with US intelligence agencies

Reserve Bank of India raised the concern in its Risk Assessment Report after data relating to customers was shared with intelligence agencies in the US.

Oct 30, 2018

Banks can get fire audit of currency chests done by approved agencies, says RBI

According to the RBI's annual report, there are around 3,654 small coin depots and 3,975 currency chests in the country out of which 2,575 are managed by State Bank of India.

Oct 29, 2018

Sensex soars 718 points, banking stocks lead rally

Among the Sensex constituents, ICICI Bank was the biggest gainer with 11 per cent jump, followed by State Bank of India, which rose 8.04 per cent.

Oct 29, 2018

RBI to buy govt bonds for Rs 40,000 crore via OMO to maintain liquidity in market

OMO is carried out by RBI to expand or contract the liquidity of money in the market by selling or purchasing government securities.

Oct 27, 2018

Rupee fall, high non-performing assets still cause for concern: Former RBI governor Bimal Jalan

Talking about economic measures, he said the Narendra Modi-led government has launched several reforms, including the GST, Insolvency and Bankruptcy Code and direct benefit transfer scheme, which are good for the economy.

Oct 21, 2018

RBI's monetary policy committee highlights inflation spike risk, signal rate hikes

Headline inflation for the first quarter of the fiscal year to March 2020 is projected at 4.8 per cent compared with the MPC's mandated target of 4 per cent.

Oct 21, 2018