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Tag: RBI

Economy

Supreme Court gives RBI ‘last chance’ to alter disclosure policy

April 27, 2019July 4, 2019 - by Abdul

The Supreme Court has directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks and other material under the Right to Information …

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Economy

RBI sells entire stake in NHB, Nabard to govt. for ₹ 1,470 cr. in total

April 25, 2019April 25, 2019 - by Abdul

The Reserve Bank has divested its stake in National Housing Bank (NHB) and National Bank for Agriculture & Rural Development (Nabard), by making them fully government-owned. This move is part …

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Economy

RBI swap auction gets bids more than thrice the notified amount

April 24, 2019April 24, 2019 - by Abdul

The Reserve Bank of India has successfully concluded a second forex swap auction intended to ease liquidity conditions. The auction saw a strong demand with the Reserve Bank of India …

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Economy

RBI to assess if Indiabulls is ‘fit and proper’

April 23, 2019April 23, 2019 - by Abdul

The Reserve Bank of India (RBI) has decided to determine the criteria of Indiabulls Group founder whose name had appeared in the Panama Papers before approving the proposal to merge …

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Economy

Reserve Bank of India issues norms for banks to set up currency chests

April 10, 2019 - by Abdul

The Reserve Bank of India has come out with guidelines for banks to set up new currency chests. The guidelines issued are (a)New currency chests should include minimum area of …

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Economy

Stressed assets circular to be revised soon

April 5, 2019 - by Abdul

The RBI governor has said that Reserve Bank of India (RBI) will issue a revised circular for resolution of stressed assets following the Supreme Court verdict striking down its February …

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Economy

Linking small loans to external benchmark after further talks

April 5, 2019April 5, 2019 - by Abdul

The Reserve Bank has said that it will hold further discussions with banks on linking interest rates on personal,home,auto and MSME loans with the external benchmark rates. In December 2018,Reserve …

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Economy

RBI cuts repo rate to 6%, lowers GDP forecast to 7.2%

April 5, 2019 - by Abdul

The six-member Monetary Policy Committee of the Reserve Bank of India has cut its benchmark policy rate,repo rate by 0.25% to 6%.Repo stands for ‘Repurchasing Option’.It refers to the rate …

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Economy

RBI sets WMA Limit for Government at Rs 75000 crore for H1 of 2019-20

April 4, 2019April 4, 2019 - by Abdul

The Reserve Bank of India (RBI) in consultation with the Government of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial …

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Economy

SC holds ultra vires RBI’s February 12 circular mandating insolvency proceedings

April 3, 2019 - by Abdul

The Supreme Court has struck down the Reserve Bank of India’s February 12 circular that dealt with resolution of stressed assets in the economy.The Supreme Court has held the February …

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