Page 108 - Reserve Bank Of India

Samvat 2080: Start of a new year signals better prospects for bonds, rupee

Foreign inflows expected after index inclusion; rate cuts on the horizon

India's outward FDI falls 12.14% to $1.88 bn in October: RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

Tax mop-up to digital infra, many positives to cheer up Diwali

The tax collections, and even the non-tax revenues are quite strong, giving the central and state governments more money to spend on infrastructure and social sector projects

Burmans write to Sebi seeking probe into Religare share sale by chairperson

The Burman family has written to the Securities and Exchange Board of India, seeking a probe into trades in the shares of the Religare Enterprises Ltd by chairperson Rashmi Saluja

India vulnerable to recurring food price shocks, says RBI Governor Das

The RBI's rate-setting panel has raised the repo rate by 250 basis points cumulatively between May 2022 and February 2023 to manage inflation expectations

Emerging resilience

Domestic policies have helped emerging-market economies

India vulnerable to recurring, overlapping food price shocks: RBI Guv Das

India's retail inflation eased to a three-month low of 5.02 per cent in September on the back of softer vegetable prices, but remained above the RBI's 4 per cent target

FY24 sovereign green bonds for investments by NRI added to FAR list

The government plans to borrow Rs. 20,000 crore through green bonds in the current financial year

Rupee expected to trade near record lows despite economic growth: Experts

India's economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism.

Regulated entities to follow new IT framework from April 2024: RBI

The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management

HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on

Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring

Rupee, government bond gain post favorable US non-farm payroll data

The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation

Maiden 50-year bond becomes an instant hit with insurance companies

Bids worth Rs 40.2K cr vs target to raise Rs 10K cr

RBI slaps penalty on PNB, Federal Bank, 2 other entities for non-compliance

The Reserve Bank on Friday said it has imposed a Rs 72 lakh penalty on state-owned Punjab National Bank and a Rs 30 lakh penalty on private sector Federal Bank for non-compliance with certain regulatory norms. It has also imposed a penalty of Rs 10 lakh on Mercedes-Benz Financial Services India Private Ltd (formerly known as Daimler Financial Services India Private Ltd) for non-compliance with certain provisions of the Know Your Customer (KYC) Direction, 2016. The penalty on Punjab National Bank has been imposed for non-compliance with certain provisions related to 'interest rate on advances' and 'customer service in banks', Reserve Bank of India (RBI) said in a release. Federal Bank has been penalised for contravention of certain provisions of KYC norms, the central bank said in another release. The RBI also said a monetary penalty of Rs 13.38 lakh has been imposed on Kosamattam Finance Ltd, Kottayam, for non-compliance with certain provisions of the 'Non-Banking Financial Company

India debut 50-year bond fully sold on increasing insurer demand

The government sold Rs 10,000 crore ($1.2 billion) of the 2073 bond at a cutoff yield of 7.46 per cent, the Reserve Bank of India said in a statement

People can send Rs 2,000 notes by post to RBI offices for direct credit

People can send their Rs 2,000 banknotes to specified regional offices of the Reserve Bank through the insured post for credit in their bank accounts. This is a hassle-free option for the people who are away from the regional offices of the Reserve Bank. Besides, the RBI is offering TLR (Triple Lock Receptacle) form to people for a deposit of Rs 2,000 banknotes in their bank account. "We encourage customers to send Rs 2,000 notes through the insured post to the RBI for direct credit in their account in the most seamless and secure manner. This (will) save them from the hassle of travelling to specified branches and standing in queue," RBI Regional Director Rohit P Das said. Both the options of TLR and insured post are highly secured, and there should not be any fear in the mind of the public relating to these options, he said, adding that about 700 TLR forms have been received so far by the Delhi office alone. The RBI, in its communications, has been reiterating these two options,

RBI Deputy Guv pitches for institute to train regulators across sectors

Reserve Bank Deputy Governor M Rajeshwar Rao on Thursday pitched for creating a dedicated institute to train regulators across sectors. Regulation has to be far-sighted and requires fine drafting which makes it a fine art, Rao said, stressing the need to focus on training and skilling of the practitioners. I think maybe it is time that we should look at the theoretical framework for regulation making and training for regulation making a critical aspect, which should be incorporated by all the sectors. Maybe there is a need for a training institute to look at this issue, Rao said addressing a conference here. Rao said the country is increasing the tribe of regulators across sectors and hence, there is a need to study the theoretical approach to regulation that encompasses understanding what kind of regulation is preferred under what circumstances. The career central banker also made it clear that he is not confining himself just to the RBI and added that the need for training of ...

Vote of confidence

RBI has done well, but new external challenges can emerge

CEA V Ananatha Nageswaran sees RBI holding fire if US Fed hikes rate again

The Federal Reserve left interest rates unchanged on Wednesday while still keeping alive the possibility of more hikes given inflation remains above its 2 per cent target and economic growth is strong

Rush to exchange Rs 2,000 notes: ED, EOW starts probe following reports

During the last three days, a large number of people gathered in front of the RBI office in Bhubaneswar to exchange Rs 2,000 currency notes