Rbi

MPC to look through West Asia shock if it's transitory: RBI Governor

Coordination with fiscal policy becomes critical amid 'supply shock as bad as it is', says Malhotra

India Inc's boardrooms have failed spectacularly at corporate governance

Crash-landings such as the one by Kingfisher Airlines could be ascribed to ill-judged government policy

RBI relaxes approval norms for banks' outward remittance tie-ups

Authorised Dealer banks can now partner with digital remittance platforms without prior RBI approval, subject to compliance safeguards

RBI eases rules for outward remittances; drops prior approval for non-banks

The Reserve Bank on Wednesday removed the prior approval requirement for non-bank entities to form tie-up arrangements for facilitating outward remittance services through banks in India. The central bank has issued an operating framework for facilitating outward remittance services by non-bank entities through Authorised Dealer (Category I) banks in India. "On a review, it has been decided to dispense with the process of granting of the approvals by the RBI for such tie-ups and instead Authorised Dealers are advised to comply with instructions...while facilitating cross-border outward remittance of funds for non-trade current account transactions using a third-party entity in online mode...," the central bank said. Online mode includes a website, online platform, software application, and mobile application. According to a 2016 direction, non-bank entities had to obtain specific approval from the Reserve Bank for tie-up arrangements to facilitate outward remittance services throug

RBI announces switch auction for Rs 30,000 crore government bonds

RBI said the switch operation will help the government spread redemption liabilities and reduce rollover risks by replacing short-term securities with longer-tenor bonds

Fuel prices may rise if West Asia war drags on: RBI Guv Sanjay Malhotra

His remarks came after Prime Minister Narendra Modi urged voluntary austerity, including cutting down on petrol and diesel use and putting off gold purchases, to preserve foreign exchange reserves

RBI's 3-day VRR auction receives muted demand amid surplus liquidity

Banks bid far below the notified amount at the RBI's short-term repo auction as surplus liquidity reduced the need for additional funds

RBI cancels licence of Sarvodaya Co-operative Bank over weak finances

The central bank cited inadequate capital, weak earnings prospects, and regulatory non-compliance while directing the Maharashtra registrar to initiate winding-up proceedings

RBI to conduct three-day VRR auction on Tuesday, aims to infuse ₹50K crore

The Reserve Bank of India will conduct a Rs 50,000 crore VRR auction after overnight call rates moved above the policy repo rate amid evolving liquidity conditions

Prosperity is both India's ambition and destiny: RBI dy governor Gupta

RBI Deputy Governor Poonam Gupta says India has entered a virtuous cycle of growth and stability, with many states likely to approach high-income levels by 2047

RBI should dial back rupee intervention, says former Guv Subbarao

Subbarao said raising interest rates, the "ultimate" exchange rate defence, should be the last resort, as the markets could read it as a sign the conflict poses a bigger threat to India's economy

RBI employee protest over new promotion policy to continue this week

The RBI Officers' Association has opposed the central bank's new promotion policy, citing delayed career progression, stagnation and lack of manpower planning

Tax benefits meant for savers must not become subsidies for sellers

Tax breaks meant for savers are increasingly enriching insurers and distributors, while mis-selling leaves ordinary investors exposed to heavy losses

RBI and ECB renew cooperation framework with updated MoU in Basel

The updated MoU between the RBI and ECB will facilitate regular information exchange, policy dialogue and technical cooperation in areas of mutual interest

Bank credit grows 16% in fortnight ended April 30, shows RBI data

Bank credit expanded 16 per cent year-on-year in the fortnight ended April 30, while deposit growth edged up to 12.3 per cent, RBI data showed

India's forex reserves fall $7.79 billion amid decline in gold reserves

India's foreign exchange reserves declined to $690 billion in the week ended May 1, led by a fall in gold reserves and foreign currency assets, RBI data showed

ATM cassette-swap rollout delayed again as banks go big on cash recyclers

Banks are deploying more cash recycling machines that allow deposits and withdrawals, reducing reliance on standalone ATMs and slowing the transition to cassette-swap cash loading systems

RBI not to consider fresh applications for full-fledged money changers

RBI has stopped fresh approvals for full-fledged money changers and directed authorised persons to phase out franchisee arrangements within two years

RBI announces Rs 75,000 crore four-day VRR auction amid surplus liquidity

The Reserve Bank of India will conduct a four-day variable rate repo auction worth Rs 75,000 crore to manage evolving liquidity conditions in the banking system

Best of BS Opinion: Government must expedite board appointments at PSBs

Today's Opinion wrap tracks RBI's bank board concerns, India's satellite strides, gaps in economic guidance, China's consumption debate, and a memoir on rural farming journeys