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World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

RBI Issues Draft Norms on Dividend Declaration by Banks | Zee Business

RBI Issues Draft Norms on Dividend Declaration by Banks | Zee Business

Wed, Jan 03, 2024

RBI issued draft circular on dividend declaration of banks, new rules will be implemented from financial year 2025, sought suggestions from stakeholders till January 31, rules for all Commercial Bank, SFB, Payment Bank, Regional Bank

RBI MEET: Will the MPC maintain the status quo and keep rates steady for the fifth consecutive time?

RBI MEET: Will the MPC maintain the status quo and keep rates steady for the fifth consecutive time?

Thu, Dec 07, 2023

Even as the three-day RBI MPC meeting has started on Wednesday, all eyes are on the interest rate-setting panel’s decision on Friday. Experts, however, expect a status quo on the key policy rates as inflation is gradually coming closer to the RBI’s target level and economic growth is picking up. RBI Governor Shaktikanta Das-headed Monetary Policy Committee has begun its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on the last day of the meeting--December 8 (10.00 AM).

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Private corporate sector performance sluggish in Q2FY18: RBI

Private corporate sector performance sluggish in Q2FY18: RBI

Fri, Jan 12, 2018

The data included the performance of a total of 2,701 companies from various sectors.

CPI, IIP numbers today; here's what analysts expect

CPI, IIP numbers today; here's what analysts expect

Fri, Jan 12, 2018

The retail inflation in November reached 15-month high, whereas the factory output decelerated in October 2017 to 2.20%.

Delhi High Court dismisses PIL for withdrawal of coins with religious images

Delhi High Court dismisses PIL for withdrawal of coins with religious images

Thu, Jan 11, 2018

The PIL had also sought a direction to the central goverment to formulate a national policy

Here's what happens to fixed deposits if your bank shuts down

Here's what happens to fixed deposits if your bank shuts down

Thu, Jan 11, 2018

A fixed deposit (FD) is a financial instrument provided by banks or other financial institutions, which provides investors a fixed rate of interest along with a maturity date.

RBI says not connected with study on Aadhaar security aspects

RBI says not connected with study on Aadhaar security aspects

Thu, Jan 11, 2018

The Reserve Bank of India today said neither it nor its researcher were any way connected to a study on security aspects of Aadhaar by one S Ananth.

PSBs in PCA framework may not get govt's recap support

PSBs in PCA framework may not get govt's recap support

Wed, Jan 10, 2018

As per Fitch, government officials have indicated that capital injections are to be targeted at supporting lending growth.

Banks may sell stressed loan accounts to ARCs in absence of bidders

Banks may sell stressed loan accounts to ARCs in absence of bidders

Tue, Jan 09, 2018

As many as 28 stressed loan accounts may be sold to asset reconstruction companies (ARCs) by banks in the absence of suitable bidders. These accounts were asked to resolve or send to bankruptcy courts for launch of insolvency proceedings by the central bank.

Indian economy's four-year low data surprise experts, analysts

Indian economy's four-year low data surprise experts, analysts

Mon, Jan 08, 2018

GDP numbers stood at 6.3% in the second quarter of FY18 (Q2FY18) from 5.7% in the preceding quarter.

Delhi Metro cards to be valid in 250 buses from today

Delhi Metro cards to be valid in 250 buses from today

Mon, Jan 08, 2018

The move is part of a month-long trial to shift to a 'Common Mobility Card' which could be used to travel in Metro, Delhi Transport Corp (DTC) buses and cluster buses in the capital.

RBI introduces new Rs 10 banknotes in ‘chocolate brown’ colour

RBI introduces new Rs 10 banknotes in ‘chocolate brown’ colour

Fri, Jan 05, 2018

Central bank of India confirmed on issuing new Rs 10 banknotes shortly.

Not only Rs 10, RBI may also revamp Rs 50 note

Not only Rs 10, RBI may also revamp Rs 50 note

Fri, Jan 05, 2018

At present, India had small denomination notes of Rs 1, Rs 2, Rs 5, Rs 10, Rs 20, old Rs 50, Rs 100, Rs 200 and high denomination notes of Rs 500 and Rs 2000.

Will the govt increase disinvestment targets for FY19?

Will the govt increase disinvestment targets for FY19?

Thu, Jan 04, 2018

The BSE on its website explains that the main objective of disinvestment is to indicate that PSUs had shown a very negative rate of return on capital employed.

RBI to introduce new Rs 10 note in chocolate brown colour

RBI to introduce new Rs 10 note in chocolate brown colour

Thu, Jan 04, 2018

RBI had introduced the new Rs 200 and Rs 50 notes under the Mahatma Gandhi series in August last year.

You may soon be able to withdraw Rs 200 notes from ATMs

You may soon be able to withdraw Rs 200 notes from ATMs

Thu, Jan 04, 2018

The RBI has directed banks to recalibrate ATMs to ensure that more number of Rs 200 denomination notes are dispensed to general public.

FinMin announces auction for sale of government stocks

FinMin announces auction for sale of government stocks

Tue, Jan 02, 2018

The statement said that both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 05, 2018.

7th Pay Commission: Will 2018 bring cheers for Central government employees?

7th Pay Commission: Will 2018 bring cheers for Central government employees?

Tue, Jan 02, 2018

Union Cabinet in June 2017 approved the recommendations of 7th Pay Commission on Allowances with 34 modifications.

SBI may begin insolvency proceedings against 12 defaulters

SBI may begin insolvency proceedings against 12 defaulters

Tue, Jan 02, 2018

A total of 28 accounts were identified by the RBI as wilful defaulters of lenders, which are facing heavy stressed assets in their balance sheet.

Bitcoin not a legal tender in India, says Finance Minister Arun Jaitley

Bitcoin not a legal tender in India, says Finance Minister Arun Jaitley

Tue, Jan 02, 2018

The Finance Minister of India has openly refuted the acceptance of Bitcoin as legal tender in India.

Fight's on: Dud assets aplenty, to keep RBI in cleansing mode in 2018

Fight's on: Dud assets aplenty, to keep RBI in cleansing mode in 2018

Sun, Dec 31, 2017

It will keep hearing shrill calls for rate cuts as it did in 2017, it will have to be vigilant for containing inflation and be blamed by naysayers for not doing enough to boost growth and it will have to remain in cleansing mode for ridding the banking sector of bad loans -- 2018 may be another 2

RBI modifies average base rate for NBFC, MFIs

RBI modifies average base rate for NBFC, MFIs

Fri, Dec 29, 2017

Average base rate of NBFCs-MFIs which stood near 10.09% from April – June 2014 quarter, came down to 9.45% on December 2015, further to 9.41% by end of December 2016 and then to 9.06% in September 2017.

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