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
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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).
Tue, Oct 03, 2023
After hiking the repo rate six consecutive times since last year, the RBI hit the pause button and kept the repo rate unchanged in the last three MPC meetings this year. The next bi-monthly MPC meeting is set to take place from October 4-6, with the decision set to be announced on Oct 6, 2023.
Wed, Dec 05, 2018
Crude oil prices have declined by close to 30 per cent since the last policy meet reflecting higher supplies and easing of geo-political tension, said Urjit Patel.
In the Fifth Bi-monthly Monetary Policy Statement, 2018-19, the Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India was announced and on the basis of an assessment of the current and evolving macroeconomic situation at its meeting today
The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
In fact, one should definitely pray that RBI chooses to put a status quo in this policy, as data reveals that home loans, auto loans and personal loans are already expensive due to rise in MCLR rates since March 2018.
Tue, Dec 04, 2018
Non-CTS cheques used by customers of all banks including State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda, Punjab National Bank and others will become invalid from January 1.
Mon, Dec 03, 2018
RBI Monetary Policy Review December 2018: Will key interest rates rise, fall or stay at current levels? This big question is generating much anxiety among policy makers, corporates and even the public.
Sat, Dec 01, 2018
When was the last time you got a Rs 2000 note from bank ATMs? Some of you may have forgotten, some lucky ones are still getting them
Fri, Nov 30, 2018
Former chief economic advisor (CEA) Arvind Subramanian has made a strong pitch to the government to claim Rs 4.5-7 trillion in excess capital from the Reserve Bank of India (RBI).
The central bank has also prescribed certain Minimum Retention Requirement (MRR) for NBFCs for availing the relaxed norms.
Tue, Nov 27, 2018
Further easing the External Commercial Borrowing (ECB) norms, the Reserve Bank of India (RBI) on Monday reduced the mandatory hedging provision to 70 per cent from 100 per cent.
Sun, Nov 25, 2018
After the Centre vs RBI row has blown over, Governor Urjit Patel is under the spotlight again, this time about which way will the central bank lean as far as key interest rates are concerned.
Sat, Nov 24, 2018
The 11 state-run banks, which are under the Reserve Bank's prompt corrective action (PCA) framework, has seen a 400 basis points increase in their share of retail loans at 19 percent of the system in the four years ending September 2018, says a report.
Fri, Nov 23, 2018
The Reserve Bank of India is expected to keep the key policy rates unchanged at its ensuing policy review meet next month, amid easing global crude oil prices and robust agriculture production, says a report.
Yes Bank Ltd, India`s fifth largest private-sector lender by assets, has today got a new CEO in Ravneet Gill. The bank has had a tumultuous couple of months since the country`s central bank trimmed extension to its chief executive officer`s (CEO`s) term in September.
Sun, Nov 18, 2018
Banks have started giving new Rs 100 currency notes to customers.
Sat, Nov 17, 2018
The FD rates have been hiked days before the Reserve Bank of India (RBI), in its upcoming meeting on 19th November, may well ease lending rates, if Centre has its way.
Fri, Nov 16, 2018
House prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi, the national capital, will be hit hardest.
Thu, Nov 15, 2018
Reserve Bank of India (RBI) and the central government are expected to reach a consensus on easing credit availability to micro, small and medium enterprises (MSMEs).
Fixed deposit rates are on an upswing as banks grapple with liquidity crunch
Tue, Nov 13, 2018
Centre Vs RBI: Prime Minister Narendra Modi and Reserve Bank of India Governor Urjit Patel reportedly met last week to sort out contentious issues that have become flash points between the government and the central bank.
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