There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present
The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
SLR holdings in HTM category: The RBI said in order to provide certainty to the market participants in the context of the borrowing programme of the centre and states for 2021-22, it has now been decided to extend the dispensation of enhanced HTM of 22 percent up to March 31, 2023, to include securities acquired between April 1, 2021 and March 31, 2022.
The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week
Reserve Bank of India Monetary Policy review press conference headed by Governor Shaktikanta Das
The other signals expected from the policy related to the rollback of measures announced during the pandemic
Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%
The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI
The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
Bi-monthly Monetary Policy statement by Reserve Bank of India Governor Shaktikanta Das.
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday
Beyond hype, if the Budget creates a platform for growth, the RBI will have to change the policy's stance, but that won't happen - now or even in April
The rupee is under pressure to rise on heavy foreign inflows
Here's a selection of Business Standard opinion pieces for the day
Bad bank will only kick the can down the road
It is not just RBI which has delivered stability but also Indian budgets which have delivered social and political stability through fiscal policy
The US Treasury in December included India in the currency manipulator watchlist with nine others for one-sided intervention preventing rupee appreciation
Recognition of NPAs in PSBs must be swift
Achieving a vaccine roll-out on a scale that social-distancing norms can be dispensed with can't be expected for most of 2021
The economy floundered, manufacturing contracted and job losses mounted across sectors and skill levels. The urban work force was hit the hardest.