Tag: Reserve Bank of India

RBI Governor to hold pre-policy meet with trade bodies, rating agencies on March 26

NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and steps to boost economic activities, said sources. The meeting, which comes ahead of the next financial year’s first MPC meet scheduled for April 4, is aimed […]

Demonetisation: Data on printing of Rs 2000, Rs 500 notes should be disclosed, says CIC

NEW DELHI: The note printing subsidiary of the Reserve Bank of India (RBI) has failed to explain how disclosure of data on Rs 2000 notes and Rs 500 notes printed after demonetisation will affect economic interests of the state, the Central Information Commission (CIC) has noted ordering its disclosure. The Bhartiya Reserve Bank Note Mudran […]

RBI’s solution for MSME loan woes: Public credit registry

NEW DELHI: The Reserve Bank of India (RBI) preferred fundamental changes to smoothen loan flow to micro-businesses through a public credit registry, rather than doling out forbearances, deputy governor Viral Acharya said on Saturday. The statement comes almost a month after the central board “advised” the monetary authority to consider a restructuring scheme for loans […]

RBI slaps Rs 1 crore fine on Indian Bank for violating cyber security norms

NEW DELHI: The Reserve Bank of India (RBI) on Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms. The RBI has imposed, by an order dated November 30, 2018, a monetary penalty of Rs 10 million on Indian Bank for contravention of Circular on Cyber […]

Shaktikanta Das named new RBI Governor

NEW DELHI: Former bureaucrat Shaktikanta Das on Tuesday was appointed the new governor of the Reserve Bank of India (RBI), a government statement said. He replaces Urjit Patel, who surprisingly resigned from the central bank on Monday. A former civil servant, Das is also a member of the 15th Finance Commission. Das, who retired as […]

Most PCA banks meet priority sector lending goals for MSMEs, shows analysis

NEW DELHI: Amid a raging debate on need for easing rules governing credit to micro, small and medium enterprises (MSMEs), an analysis of the Reserve Bank of India’s (RBI’s) data on such loans shows a large majority of banks, including those facing ‘prompt corrective action’ (PCA), have achieved the mandatory priority sector lending targets for […]

‘New RBI window may not increase credit to NBFCs’

NEW DELHI: The partial credit enhancement (PCE)facility by the Reserve Bank of India’s (RBI) for non-bank lenders is unlikely to have the desired impact of increasing credit flow to the troubled sector, a report said on Friday. On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking […]

Surplus, liquidity issues likely to rock RBI’s November 19 board meeting

NEW DELHI: The RBI’s board meeting on November 19 is expected to be a stormy affair in the backdrop of the ongoing tussle between the government and the central bank, sources said, adding that some members are likely to raise issues concerning capital framework, management of surplus and liquidity measures for MSMEs. Tensions between the […]

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