On April 21, 2017 15:54 (IST)
The Reserve Bank of India, in its monetary policy review meet on April 6, kept the repurchase or repo rate - at which it lends to banks - unchanged at 6.25 per cent but increased reverse repo rate to 6 per cent from 5.75 per cent.
On April 21, 2017 15:28 (IST)
The Reserve Bank of India had opted to leave the repo rate unchanged at 6.25 percent on April 6, and the minutes released on Thursday showed the six-member monetary policy committee had cited upside risks to inflation as the main reason for the decision.
On April 20, 2017 20:16 (IST)
The six-member monetary policy committee had raised a secondary rate called the reverse repo rate, which is used to drain excess funds from banks.
On April 20, 2017 18:25 (IST)
More than half of state-owned banks would breach at least one of the new thresholds, mainly owing to high NPLs, based on their latest financial reports," global ratings agency Fitch on Thursday said.
On April 19, 2017 09:59 (IST)
Banks were asked to put in place a board-approved policy for making provisions for standard assets at rates higher than the regulatory minimum, based on evaluation of risk and stress in various sectors.
On April 18, 2017 18:57 (IST)
The RBI said at a policy review earlier this month that it would allow banks to invest in REITs and InvITs.
On April 17, 2017 14:59 (IST)
"Farm loan waivers of up to 2 per cent of GDP in the run up to the 2019 hustings pose fiscal/rate risk and impacts credit culture," analysts at Bank of America Merill Lynch said in a note on Monday.
On April 13, 2017 18:56 (IST)
In extreme cases, the framework provides the RBI with powers to force mergers or even wind up the non-compliant lender.
On April 13, 2017 15:17 (IST)
"We are pleased to receive our PPI license from the RBI (Reserve Bank of India). Our focus is providing customers a convenient and trusted cashless payments experience," Amazon India said.
On April 09, 2017 13:31 (IST)
The aim of setting up the Public Debt Management Agency is to resolve issues relating to conflict of interest as the Reserve Bank of India decides on the key interest rates as well as undertakes buying and selling of government bonds.
On April 06, 2017 20:00 (IST)
The lack of transmission has been one of the dominant worries expressed by RBI during the past two years when it was in an accommodative stance.
On April 06, 2017 19:51 (IST)
"The present level of NPA resolution is untenable," Governor Urjit Patel said while addressing the media at the customary post-policy presser.
On April 06, 2017 18:37 (IST)
The benchmark 10-year bond yield rose 12 basis points to 6.77 percent, its biggest single-day rise since the previous RBI policy on Feb. 8.
On April 06, 2017 18:30 (IST)
Banks are allowed to invest in equity-linked mutual funds, venture capital funds (VCFs) and equities to the extent of 20 per cent of their Net Owned Fund (NOF).
On April 06, 2017 18:25 (IST)
The Reserve Bank of India surprised markets on Thursday by raising a secondary rate while holding the key rate steady, a move to help mop up liquidity.
On April 06, 2017 17:29 (IST)
Pending the final guidelines the existing norms for MDR (merchant discount rate) charges will continue beyond March 31, RBI Governor Urjit Patel said while announcing first bi-monthly monetary policy for 2017-18.
On April 07, 2017 09:56 (IST)
Fund transfer via NEFT or National Electronic Funds Transfer is set to get faster. Instead of hourly basis, the fund transfer will happen in batches of 30-minute intervals.
On April 06, 2017 15:06 (IST)
All 60 economists polled by Reuters had predicted the Reserve Bank's six-member monetary policy committee (MPC) would keep the repo rate at the same level since October.