The central bank is coming to its rescue, and without running any immediate risk of exposure to its own credibility
The RBI, which currently follows July-June calendar, usually transfers dividend after closing its accounts in August
Current situation may not allow banks to significantly tinker with deposit rates making it tough to fully pass on the fall in repo rate
Why banks continued to give money to Kingfisher Airlines is still shrouded in mystery; too many questions remain unanswered
The RBI chief said the slight slowdown in the last quarter was a temporary one and the economy is likely to end the fiscal with higher growth rate of close to 7 per cent
There are price linkages between the offshore and onshore markets. During the depreciation of the rupee in 2013, the offshore market disrupted the domestic market for forex
In order to improve access to long-term finance, the government would be setting up an organisation to provide credit enhancement for infrastructure and housing projects
RBI has permitted processing of e-mandate on credit and debit cards, besides prepaid payment instruments, including wallets like Paytm, PhonePe and Amazon Pay for recurring payments of up to Rs 2,000
Lately, India's banking system has been beset by a bad debt crisis, which is crimping credit to productive sectors, dampening domestic investment and leading to subdued employment and GDP growth
The RBI on August 7 had reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy
At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 0800 hours to 1800 hours
The move is a follow-up to instances of illicit deposits - after demonetisaton - in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana
The new circular also provides for 75% consent by value for a resolution plan to be passed
Reserve Bank of India Governor Shaktikanta Das has stressed the need for the entire banking system to link their loans and deposits pricing to the repo rate prescribed by the central bank
RBI issued the new NPA recognition and resolution guidelines on June 7 after the Supreme Court had in April declared the earlier one issued on February 12, 2018 as ultra vires
Visa critical of India's move towards no-fee debit card transactions
Shaktikanta Das likely to initiate required steps in coming weeks
Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt
The Rajya Sabha MP said that the 'wrong policies' adopted during former finance minister Arun Jaitley's tenure were responsible for the economy slowing down
The revision or tweaking of documents for BOT becomes essential in the current scenario as the government moves the focus away from the HAM model