Reserve Bank of India (RBI)

Parliamentary panel requests RBI to ease capital adequacy norms for PSBs

The committee has urged the central bank to relax these norms for nine out of 21 PSBs which could free up capital up to Rs. 5.34 trillion to boost the lending practice of the banks.

Sep 7, 2018

Apple shelves plan to launch UPI-based payments platform in India

The reason behind the Apple's decision is the Reserve Bank of India's recent data localisation rule including the technical and design hurdles related to the flow of payments on UPI.

Sep 6, 2018

Rupee hits all-time low of 72.12, drops 37 paise against US dollar

Investors remained concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices.

Sep 6, 2018

$75 bilion outflow from markets imminent? Sebi rubbishes overseas investors' claim

Earlier in April this year, the SEBI had issued circular introducing the tighter KYC norms for the FPI investors.

Sep 4, 2018

Reserve Bank of India buys gold to diversify assets for first time in nearly a decade

As of June 30, the stock of gold stood at 18.20 million troy ounces or equivalent to 566.23 metric tonnes, as against 17.9 million troy ounces in November 2017.

Sep 3, 2018

Home loans to get costlier now as SBI hikes lending rate by 0.2 percent

The rate hike by bank comes a month after the Reserve Bank of India (RBI) hiked benchmark lending rate, called repo rate, by 25 basis points to 6.5 per cent.

Sep 1, 2018

SBI warns of 'noticeable increase' in counterfeit notes detected in new Rs 500, Rs 2,000 notes

The report said that there was a "noticeable increase" in the fake currencies detected in the denomination of the new Rs 500 and Rs 2,000 notes which are up by 4,178 per cent and by 2,710 per cent respectively

Aug 30, 2018

99.3% demonetised notes returned to banks: RBI

RBI spent Rs 7,965 crore in 2016-17 on printing new Rs 500 and Rs 2,000 and other denomination notes.

Aug 29, 2018

Private power sector companies to face insolvency proceedings on default of Rs 1.7 lakh crore loan

The Reserve Bank of India had earlier this year tightened the norms for clearing bad debts by setting timelines for resolving the stressed asset within 180 days.

Aug 28, 2018

Rupee has not depreciated to a worrying level, govt must focus on CAD: Raghu Ram

Rajan, who was RBI governor for three years till September 2016, said that this is a time where countries should be focusing on getting the macro stability in order.

Aug 28, 2018

Amid dearer oil prices, India's forex reserves fall to 7-month low

After hitting an all-time high of $426.08 billion in the week ended April 13, the Indian forex reserves have fallen gradually since the last four months.

Aug 11, 2018

Major boost to government's fiscal deficit target; RBI to pay Rs 500-bn dividend for FY18

With the country heading towards next general election, the governments are likely to spend only with immediate benefits in mind.

Aug 9, 2018

RBI tightens grip on non-compliant NBFCs; cancels 368 licences

The financial stability report made by the Reserve Bank of India stated that the aggregate balance sheet size of the NBFC sector stood at Rs 22.1 trillion as of March 31.

Aug 8, 2018

IMF calls for privatisation of Indian banks; warns against government ownership

The International Monetary Fund affirmed the significance of a comprehensive plan to improve the governance, internal controls, and operations of public sector banks, which also included privatisation of the public sector banks.

Aug 8, 2018

Who is Swaminathan Gurumurthy? Centre appoints RSS confidant to the RBI board

Gurumuthy is an economist by profession, a chartered accountant, and a commentator on political and economic affairs who is associated with the right-wing Rashtriya Swayamsevak Sangh.

Aug 8, 2018

Paytm Payments Bank suspends customer registration after RBI order

The RBI has found several issues with Paytm Payments Bank and asked the company to stop onboarding new customers. It also wants the company to change its Chief Executive and office location.

Aug 1, 2018

Foreign bond investors shun India, blame RBI's lack of reassurance

Total returns on Indian bonds this year are negative 4 percent, one of the worst in Asia after outperforming last year.

Jul 26, 2018

Cash-on-Delivery deals may be illegal: RBI

The RBI has noted that the CoD option is not permissible as it is not in compliance with the Payments and Settlements Systems (PSS) Act, 2007.

Jul 26, 2018

Paytm May lose competitive advantage as industry war thickens

Intense lobbying by several American card firms has forced the RBI to soften its stance on local data storage of all Indian transactions, which Paytm has been pushing for.

Jul 25, 2018

Government to rescue public sector banks; might infuse Rs 8,000 crore

In January 2018, the government had announced a capital infusion of Rs. 88,000 crore to 20 public sector banks in the current financial year.

Jul 17, 2018