Page 211 - Reserve Bank Of India

Banks need prior approval for foreign currency deposit schemes

The Reserve Bank of India (RBI) has mandated banks to seek prior approval before offering any foreign currency deposit scheme to custom-ers under the liberalised remittance route

RBI may hike reverse repo rate by 0.25% in next week's policy: Report

'Growth concerns amid spread of the Omicron variant and relatively benign inflation out-turns provide the RBI with enough room to maintain its growth-supportive monetary policies,' analysts said

Cryptocurrency tax: Budget proposal spurs talk of legality, 'grey area'

Union Budget proposes taxing income from the transfer of virtual assets at 30%; FM says central bank will issues its own digital currency.

India will again be among world's fastest-growing economies: Patra

RBI deputy governor says private consumption and investment remains a work in progress

RBI 'behind the curve' criticism: Patra says approach has served us well

Addressing criticism of the RBI being "behind the curve", Michael Patra said that so far, "the approach has served us well".

RBI asks people to follow safe digital banking practices amid rising frauds

The RBI observed that unscrupulous elements are defrauding people by using innovative modus operandi

Banks' loans rose 8% YoY in two weeks to January 14: RBI data

Banks' loans rose 8% in the two weeks to Jan. 14 from a year earlier, while deposits rose 9.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

RBI 'behind the curve' critique: Dy Guv says 'approach has served us well'

Deputy Governor Michael Patra on Friday said "the approach has served us well".

Reserve Bank of India conducts variable repo rate auction of Rs 75,000 cr

The central bank offered Rs 75,000 crore of liquidity to the banking system against which banks bid for up to Rs 1.38 trillion

Reserve Bank of India imposes penalties on 8 cooperative banks

The RBI said penalties have been imposed for deficiencies in regulatory compliances

Reserve Bank of India juggles liquidity ops under revised framework

Conducts special variable rate repo operation to ease tight liquidity situation

BS Number Wise: India's labour, capital paradox

Productivity in agriculture and eight other sectors is increasing but employment is falling and there is no significant capital investment

Reserve Bank of India buys, sells equal amount of US dollar in November

In November 2020, the RBI had net bought USD 10.26 billion from the spot market

India's overall economic activity remains strong, says RBI article

Market estimates predict that the value of digital payments could jump three-fold from $300 billion in 2020-21 to $1 trillion by 2025-26

Reserve Bank of India draft rules to help firms meet Sebi debt norms

The RBI draft for banks' investment norms, experts say, will help trigger that change and develop the corporate bond market

RBI proposes adding corporate bonds in banks' HTM category

An investment in the HTM category doesn't require to be valued at the current market price

Banks park Rs 4.3 trn in Rs 5-trn variable rate reverse repo auction

From this year, the central bank has moved to variable rate reverse repo auctions, instead of fixed rate auctions

Cooperative forum set up by RBI board member weighs in for PMC depositors

Sahar Bharati requests finance minister's intervention for a better deal

Bank stocks broadly positive during Basel norms implementation: RBI paper

Banking stocks have broadly reacted positively to the strict capital norms under the Basel regulations put in place for domestic banks over an 18-year period, starting October 1998, RBI paper showed

BS Number Wise: Working in tandem on monetary policy

Central banks of the world are implementing coordinated rate reduction but such convergence is neither new nor permanent