Reserve Bank Of India

Need higher investment in healthcare, infrastructure for sustainable growth: Das

'Restoring the durability of private consumption, which has remained historically the mainstay of aggregate demand will be very crucial going forward.'

published on : 22nd September 2021

DICGC asks 21 stressed cooperative banks to prepare list of account holders

DICGC has also asked the banks to circulate consent form to account holders for accessing funds up to Rs 5 lakh as per the amended law within 90 days.

published on : 22nd September 2021

RBI will signal lift-off in interest rates through policy stance, prefers jump in bank credit to reduce liquidity surplus

The RBI is absorbing over Rs 9 lakh crore per day through the reverse repo corridor as the bank credit growth stutters around the 6 per cent mark.

published on : 16th September 2021

Telangana 4th largest contributor to India’s economy

Tamil Nadu (Rs 15,44,935 cr), Karnataka (Rs 13,40,350 cr), West Bengal (Rs 11,04,866 cr) are ahead of Telangana in that order.

published on : 16th September 2021

RBI optimistic abt 9.5% growth in FY22; will gradually move to soften inflation to 4 per cent: Das

The last MPC meet saw one of the six members dissenting on the stance, and asking for a rollback of the accommodative stance.

published on : 9th September 2021

RBI penalises 2 co-op banks for deficiencies in regulatory compliance

A penalty of Rs 5 lakh has been imposed on The Swasakthi Mercantile Cooperative Urban Bank, Vijayawada.

published on : 8th September 2021

Reserve Bank to fine-tune operations to manage one-off liquidity flows: Shaktikanta Das 

As the second wave ebbs, the Reserve Bank of India (RBI) now plans to conduct fine-tuning operations to manage unanticipated one-off liquidity flows.

published on : 1st September 2021

India's GDP likely to grow at 18.5 per cent in April-June quarter this fiscal: SBI report

The corporate results announced so far indicate that there is a substantial recovery in corporate GVA EBIDTA in Q1 FY.

published on : 24th August 2021

HDFC Bank aims 3 lakh new credit cards per month

As of November 2020, prior to the embargo period, the bank would source three lakh new cards every month.

published on : 24th August 2021

RBI panel suggests 4-tier framework for UCBs

“The UO should be financially strong and be well governed by a professional board and senior  management, both of which are fit and proper.

published on : 24th August 2021

Forex reserves set to top USD 655 bn by Mar as RBI continues to run down dollar forward book: Report

RBI bought record gold in the past year, up over 27 per cent in two years at over 705 tonnes. At around USD 620 billion, the reserves can cover 16 moths of imports.

published on : 23rd August 2021

Why keep track of RBI committee minutes

These are perhaps the most important minutes kept of a meeting. The Reserve Bank of India’s monetary policy committee meets every two months to determine key borrowing rates.

published on : 23rd August 2021

IBA moves RBI seeking licence to set up Rs 6,000-crore  National Asset Reconstruction Company 

IBA, entrusted with the task of setting up a bad bank, has put a preliminary board for NARCL in place. The company has hired P M Nair, a stressed assets expert from SBI, as the managing director.

published on : 22nd August 2021

RBI issues revised norms for hiring of bank lockers

The revised instructions will be applicable to both new and existing safe deposit lockers and the safe custody of articles facility with the banks.

published on : 18th August 2021

RBI relaxation on credit card ban: MD says HDFC Bank will be aggressive to win lost market share

'With the lifting of the restriction on cards acquisition, all the preparations and strategising that we have put in place to 'come back with a bang' will now be rolled out,' Jagdishan said.

published on : 18th August 2021
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