Page 342 - Reserve Bank Of India

RBI to infuse Rs 12,500 crore through open market operations on Thursday

The purchase will happen through multi-security auction using the multiple price method.

RBI-Kotak stand-off: Review panel for ownership norms among key proposals

The matter is scheduled to come up for hearing at the Bombay High Court on Tuesday.

Will banks get their remuneration policy right?

By focusing on pay, the regulator is signalling where its priorities lie

RBI to buy govt securities via OMO for Rs 12,500 crore on Thursday

The decision on OMO is based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward

RBI imposes penalties of 2 crore on IDBI and Rs 1 crore on Dena Bank

Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions issued on February 20, 2018

RBI removes Allahabad Bank, Corp Bank, Dhanlaxmi from PCA framework

Move will allow them to carry on normal business, including lending

RBI governor Das asks bankers to pass on rate cut benefits to consumers

Even after the last policy rate reduction, only two banks--SBI and Bank of Maharashtra--chose to do something, by lowering just one-fifth of what the RBI did

RBI Governor Das, bankers may not be on same page over passing rate cuts

So far, SBI has reduced its home loan rates (up to Rs 30 lakh) by only five basis points (bps) after the policy rate cut of 25 bps on February 7

RBI's Feb 12 circular: Infrastructure, power companies were hit hardest

The circular prohibited loan restructuring and asked banks to declare a company a non-performing asset even if there was a day's delay in loan repayment

Finance ministry seeks Rs 27,380 cr from RBI's risks, reserves fund

The ministry has requested the RBI to provide an interim surplus for the current fiscal on the analogy of the previous financial year

Centre seeks around Rs 69,000 crore in dividend from RBI in FY20

Any interim dividend that the RBI pays now will be part of its July 2018-June 2019 financial year

RBI slaps fines on Axis, UCO and Syndicate over various compliance issues

Uco Bank was fined Rs 2 crore for non-compliance on account payee cheques

RBI penalises Axis Bank, UCO and Syndicate over various compliance issues

Penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques, says RBI

RBI to cut rates on falling inflation, declining crude oil prices: S&P

Falling inflation and declining global crude oil prices have created space for the Reserve Bank of India to cut interest rates, S&P Global Ratings said Tuesday. The RBI is scheduled to announce its sixth bi-monthly policy review for the fiscal on February 7. It would be the first Monetary Policy Committee meeting under RBI Governor Shaktikanta Das, who took charge in December 2018 following sudden exit of Urjit Patel. S&P Global Ratings Economist Vishrut Rana said inflation remains under control and near the low end of the target band, following strong food output, and easing crude oil prices, that have fallen about 20 per cent from their October highs. "These two factors mean that the Reserve Bank of India has some policy space to move its interest rate settings downward at least in the near term," Rana told PTI. In its December monetary policy review, the RBI had kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not ...

Finance Minister Piyush Goyal to speak at RBI board's meeting on Feb 9

The government expects Rs 28,000 crore from the RBI as interim dividend for the current fiscal based on the financial position of the first half of the central bank.

RBI removes BoI, BoM, OBC from Prompt Corrective Action framework

RBI said that both BoI and BoM have Net NPAs of less than 6% as per Q3 results while OBC's net NPA has come down as the govt has infused sufficient capital

SC notice to RBI on pleas seeking contempt proceedings for violating RTI

The pleas claim that RBI and former governor Urjit Patel had 'willfully and deliberately' disobeyed SC's judgement asking the central bank to disclose information under the RTI Act

RBI has insufficient capital, much less surplus to hand over to government

The paper's findings rekindle the debate on the Reserve Bank of India's autonomy, just as a panel reviews how much funds the monetary authority should hold

RBI announces Rs 10,000-cr bond buyback on Thursday to improve liquidity

The RBI will buyback five securities maturing between June 2019 and December 2033 through the purchase, it said and also specified details of each security

Lobbying against external benchmark begins

The RBI claims to strike a balance between banks and consumers, but usually bats for banks