Page 337 - Reserve Bank Of India

RBI monetary policy poll: Majority see 25 bps cut, more can be in store

Of the 15 economists and market players who participated in the poll, two predicted a 50-basis point cut, while the rest anticipated a rate reduction by 25 bps

RBI fines Oriental Bank Rs 1.5 cr for delay in reporting KFA fraud

The aforesaid penalty is required to be paid within 14 days from the date of receipt of the RBI order

Basic savings accounts in co-op banks should be made free, says RBI

The BSBD Account shall be considered a normal banking service available to all, RBI said

RBI fines PNB Rs 50 lakh for delay in reporting Kingfisher Airlines fraud

In a separate filing, Bank of Baroda said the RBI has imposed a fine of Rs 50 lakh on it for delay in reporting fraud in an account

RBI to issue cash management bills of Rs 25,000 crore on August 6

These bills are issued on behalf of the government to meet the short-term cash needs of the centre

Seven public sector banks fined over violation of RBI's guidelines

Banks fined on July 31 were Allahabad Bank, Bank of Maharashtra, Bank of Baroda, Bank of India, Indian Overseas Bank, Union Bank of India, and Oriental Bank of Commerce

RBI tightens fit-and-proper criteria for directors on PSB boards

While the revised norms are applicable only to public sector banks, separate guidelines for private banks and non-banking financial companies may be in the offing

RBI Governor asks private banks to pass on rate cut benefits faster

RBI is widely expected to go in for a 50 basis points rate cut at its review next week

Subir Gokarn, a sharp macroeconomist and a wonderful human being

Subir was an outstanding macroeconomist who brought a keen sense of the market to bear on RBI policies

RBI allows Bank of China to offer regular banking services in India

In another notification, the RBI said 'Jana Small Finance Bank Limited' too has been included in the Second Schedule

HC seeks RBI, govt stand on private equities seeking assured returns

The public interest litigation was filed by a Kolkata-based lawyer, Sanjib Kumar Dan, and was last heard on July 15 when the Centre's reply was sought

Why keep changing features of currency notes, coins, Bombay HC asks RBI

The court added that no other country in the world keeps changing size and features of their currency notes so often

Govt invites applications for new RBI deputy governor after Acharya's exit

The position fell vacant after Viral Acharya resigned six months before the scheduled end of his term

Piling foreign debt

New ECB norms can make India more vulnerable to external shocks

Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60

Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit

RBI relaxes external commercial borrowing norms for corporates, NBFCs

ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes

RBI to discuss sovereign bonds on Aug 16 amid risks flagged by economists

The Reserve Bank of India's board will meet on August 16 to discuss, among others, the nation's proposed maiden offshore bond sale plan

Deposit rate cuts at private banks likely to lag State Bank of India

Having cut rates, they may use this to strategically raise more term-liabilities

RBI report on development of secondary market for corporate loans in Aug

The secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks

Didn't sign Jalan panel report because it's not final: SC Garg

SC Garg says his decision to seek voluntary retirement was made before he was moved as finance secretary and made the new power secretary.