RBI | The Asian Age

Monday, Apr 29, 2024 | Last Update : 06:52 AM IST

RBI Page-10

Improving transmission remains key to the success of the latest RBI rate cut.

Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

08 Aug 2019 12:43 PM

The auto sector contributes more than 7 per cent of India’s GDP, is facing one of its worst downturns.

Indian auto executives seek tax cuts, easier finance access to revive sales: sources

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

08 Aug 2019 9:18 AM

The 125 percent risk weight is much higher than what Basel requires us to maintain. It was fixed at a time when credit growth in this segment was excessively high, RBI deputy governor NS Vishwanathan said.

RBI cuts risk weight on consumer loans to 100 per cent

On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement said.

07 Aug 2019 7:35 PM

In order to leverage the advantages of the BBPS and harness its full potential, it has been decided to permit all categories of billers (except prepaid recharges) who provide for recurring bill payments to participate in BBPS on a voluntary basis," the RBI said.

RBI to cover all repetitive bill payments under Bharat Bill Payments System

A detailed guideline in this regard will be issued by September-end.

07 Aug 2019 3:00 PM

After this cut, home loans of the bank have become cheaper by 35 bps since April.

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

07 Aug 2019 2:45 PM

NEFT operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days.

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

07 Aug 2019 1:46 PM

Real GDP growth for 2019-20 is revised downwards from 7 per cent in the June policy to 6.9 per cent, said an RBI stament. (Representational Image)

RBI lowers GDP growth forecast to 6.9 pc for FY'20 on demand, investment slowdown

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

07 Aug 2019 1:36 PM

The 35 basis points (bps) cut in repo is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

07 Aug 2019 12:49 PM

The rupee had opened on a weak note at 70.92 at the interbank forex market, then fell further to 70.99 against the USD.

Rupee sees high volatility post RBI policy decision; inches to 71 level against USD

The domestic currency was trading at 70.91, down by 10 paise over its last close.

07 Aug 2019 12:44 PM

The target for second half of 2019-20 has been set at 3.5-3.7 per cent with risks evenly balanced, the RBI said in the monetary policy review.

RBI keeps retail inflation projection within target for next 12 months

CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.

07 Aug 2019 12:21 PM

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

07 Aug 2019 11:56 AM

The July 31-August 6 poll of 30 economists showed retail inflation rose to 3.20 per cent in July from a year ago.

Inflation likely edged up to nine-month high in July: report

Food prices have risen due to lower-than-expected monsoon rains over the past two months.

07 Aug 2019 9:59 AM

Govt has announced that it would start raising a part of its gross borrowing programme from external markets in foreign currencies.

Govt should borrow only long-term fund from overseas market: Jalan

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

07 Aug 2019 9:02 AM

The Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, is deliberating on the macro-economic situation, and is scheduled to announce its third bi-monthly policy of the ongoing fiscal on Wednesday.

Experts hope another 25 bps rate cut by RBI

Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.

06 Aug 2019 5:54 PM

Finance Minister Nirmala Sitharaman talked about issues related to the increase in public shareholding in listed companies from 25 per cent to 30 per cent as well as levy of surcharge on super rich.

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

05 Aug 2019 8:27 PM

Reserve Bank of India's Monetary Policy Committee (MPC) will meet during August 5 to 7, 2019 for the Third Bi-monthly Monetary Policy Statement for 2019-20.

RBI may go for 25 bps rate cut on Wednesday: Report

Consensus expects RBI to lower repo rate by 25 bps to 5.50 pc at its monetary policy meeting on August 7, DBS said.

05 Aug 2019 4:50 PM

RBI may go for 25 bps rate cut on Wed for 4th time in row

Industry also expects the six-member MPC to take steps to improve liquidity situation and also ensure transmission of rate cuts.

05 Aug 2019 9:38 AM

RBI observed from the fraud monitoring report-1 submitted by Punjab National Bank on July, 10 2018.

RBI imposes fine on PNB for delay in reporting fraud in Kingfisher Airlines account

A penalty of Rs 50 lakh was imposed by the RBI on the bank.

03 Aug 2019 3:36 PM

The regulator has blamed asset liability mismatch for the troubles.

RBI bans NBFCs from charging loan foreclosure penalties

Foreclosure charges are part of the fee income for any lender and add to its bottomline.

03 Aug 2019 11:29 AM

The court added that no other country in the world keeps changing size and features of their currency notes so often. (Photo: File)

Why keep changing features of notes, coins? Bombay HC asks RBI

The court directed the apex bank to file its affidavit within a period of six weeks on the issue.

02 Aug 2019 9:06 AM

10 of 70

Columns

Sanjaya Baru