Lender will be allowed to add customers to 'bob World' after rectifying deficiencies, says regulator
Banks earn less for keeping money in SDF, at 6.25 per cent, while call money rates hover around 6.70 per cent
RBI's handling of the withdrawal of Rs 2,000 notes shows how it learnt from past mistakes
RBI asked the bank to ensure that no existing customer of the app faces any disruption due to this suspension
The RBI, which had initially given time till September 30, for getting the Rs 2,000 notes deposited or exchanged, extended the same by a week till October 7
Some fund managers have been bullish on the longer-duration government bonds owing to better demand and end of the rate hike cycle
The RBI Governor, Shaktikanta Das, had said on Friday that the central bank might conduct open market operations to mop up excess liquidity
The results of the September 2023 round of its bi-monthly survey were released alongside the monetary policy review
Banks park Rs 2,760 cr with central bank as RBI hints at open market operations
Lower sowing and higher food prices have increased risks to inflation outcomes
Further rerating will depend on sustenance of operational outperformance, improving cash flows
Das said that it will 'actively' manage the liquidity in the economy. The central bank will undertake open market operations to do so
Regulator will also harmonise rules for internal ombudsman mechanism of REs
Market participants believe that the transmission did not occur because surplus liquidity in the banking system remained high due to several reasons, including the withdrawal of the Rs 2,000 banknote
MPC keeps repo rate unchanged; retains growth, inflation forecast
RBI has allowed NBFCs in the middle and base layer to offset their exposures with eligible credit risk transfer instruments
The Reserve Bank will announce the next bi-monthly monetary policy on December 8
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
Experts have said that RBI is likely to keep the repo rate unchanged at 6.5 per cent in view of elevated inflation and other global factors
'A lot would depend on the RBI and liquidity. There is a glide path for yields now'