Page 329 - Latest Updates on Reserve Bank of India

RBI denies dipping into gold reserves, cites other factors for fluctuations

The central bank's gold reserves is valued at about $27 billion as of October 18, latest data showed

India must take a leaf out of China's book and prepare its economy for RCEP

The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan

How the RBI can get its act together

In the concluding part of the series, the author draws attention to the central bank's problems that need urgent fixing

Letter to BS: Banks should publish newsletters about financial performance

The Reserve Bank of India (RBI) as the central bank should tighten banking regulations for the staff and any deviation should be reported to the regulatory committee at the earlies

States to miss debt target on slow economic growth: India Ratings

RBI data showed that fiscal deficit of states rose to 2.9% of gross domestic product (GDP) in their Revised Estimates, from 2.6% in their Budget Estimates for FY19

I-T dept scans 30,000 individuals for remitting money abroad via RBI scheme

Most of the assessees in question are either traders or professionals; there are also those who sent money abroad for donation purposes

Letter to BS: Deposit insurance cover needs to be hiked to Rs 10,00,000

Second, risk-based premium should be introduced, based on supervisory ratings for banks

Podcast: Why RBI wants a risk-based insurance cover model for banks

At present, an individual's aggregate deposits in a bank, including fixed deposits, are insured for up to Rs 1 lakh by DICGC

SC to hear PIL seeking interim protection for PMC Bank customers on Friday

PIL seeks comprehensive guidelines to avoid another crisis like that of PMC Bank, seeks 100 per cent insurance of deposits

RBI steps in to raise deposit insurance cover for customers from Rs 100,000

RBI asks arm to create model that'll make banks pay premiums depending upon their risk factor

How opportunistic behaviour can worsen India's $200 bn-plus bad loan crisis

A capital-constrained economy like India can't afford a jungle raj in finance

RBI's subsidiary DICGC to revamp 50-year-old deposit insurance scheme

Deposit insurance was last revised on May 1, 1993, after the collapse of the Bank of Karad

Regulator, auditor should be held responsible for frauds in banks: Thakur

Guarding the financial system

Govt, RBI must work on improving supervision

Govt expands PM's Economic Advisory Council; appoints 3 part-time members

A notification by the Cabinet Secretariat announced the addition of Neelkanth Mishra, Nilesh Shah, Anantha Nageswaran's names as part-time members of the EAC-PM

Letter to BS: RBI should own up to its failure in regulating banks

The larger question of how to suitably compensate the hapless victims of bank frauds remains unanswered

Timely policy response

Indian policy establishment needs to build capacity

Will govt meet its fiscal deficit target? Bond traders are too skeptical

The central bank in August already approved a record Rs 1.76 trillion ($24.4 billion) payout to the government

LVB, Syndicate Bk hit 52-wk low as RBI imposes penalty for violating norms

The RBI imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank Ltd for non-compliance with certain provisions of directions issued by RBI on IRAC norms

RBI imposes fine on Lakshmi Vilas Bank, Syndicate Bank for violating norms

This action is based on the deficiencies in regulatory compliance