Reserve Bank of India

Auto dealers seek government, RBI support to tide over second wave of COVID-19

As per FADA, total vehicle registrations in India fell by 28 per cent to 11,85,374 units in April versus 16,49,678 units in March.

published on : 13th May 2021

RBI issues new norms for private banks undertaking government business

The permission extended to the bank to undertake government business could be potentially withdrawn based on such reviews.

published on : 11th May 2021

Future currency trends may make RBI’s job tougher

Meanwhile, an appreciating currency when growth is a priority is not what the central bank is looking for, since it may hamper growth.

published on : 11th May 2021

RBI's Rs 50K cr liquidity facility can augment hospital bed capacity by 20 percent: Crisil

The window to banks under priority-sector lending to augment COVID-19 healthcare infrastructure will help raise treatment capacity, and availability of medicines and medical equipment, it said.

published on : 7th May 2021

RBI rolls out slew of measures to help tackle covid situation; launches second round of loan restructuring

RBI announced a special Rs 50,000 crore term liquidity facility for banks to create a Covid loan book which will be three years tenor and available at the repo rate. 

published on : 5th May 2021

RBI makes Covid-19 crisis confession, unloads monetary weapons to fight onslaught ahead

As for growth, Das sounded optimistic that the drag on the economy could be moderate than last year, even though the slump comes just when 'India was at the foothills of a strong recovery.'

published on : 5th May 2021

RBI to make 2nd purchase of G-secs worth Rs 35,000 crore under G-SAP 1.0 on May 20: Das 

RBI will do second purchase of government securities (G-secs) aggregating Rs 35,000 crore in two weeks, he 

published on : 5th May 2021

India Inc's foreign borrowings jump 24 per cent to USD 9.23 billion in March

No money was raised through the rupee denominated bonds (RDB) or the masala bonds, as was the case in the year-ago period as well.

published on : 2nd May 2021

ICICI Bank launches contactless banking platform for merchants

Christened Merchant Stack, the platform offers a bouquet of banking solutions and value-added services in a single place for the retailer ecosystem.

published on : 30th April 2021

RBI Committee on ARCs invites views, suggestions from stakeholders by May 31

The central bank had constituted the Committee under the chairmanship of Sudarshan Sen, former Executive Director, Reserve Bank of India.

published on : 28th April 2021

Banks, NBFCs must appoint auditors for 3 years: Reserve Bank of India

Non-deposit taking NBFCs with asset size (total assets) below Rs 1,000 crore have the option to continue with their extant procedure.

published on : 28th April 2021

RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

Non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.

published on : 27th April 2021

RBI flags risks from Covid resurgence

According to the banking regulator, India’s economic activity is holding up against Covid-19’s renewed onslaught.

published on : 27th April 2021

Reserve Bank of India caps tenure of private bank CEOs at 15 years

The Reserve Bank of India on Monday capped both the tenure and age limit for senior management including that of chairmen in all private banks.

published on : 27th April 2021

RBI to conduct customer satisfaction survey on bank mergers

Among other things, the respondents will be asked whether the merger was positive from the point of customer services.

published on : 26th April 2021
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