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The applicant should not be more than 60 years of age as on July 24.

FinMin invites application for post of RBI deputy governor

The appointment will be for a period of three years and the person will be eligible for re-appointment.

01 Aug 2019 4:01 PM

The next Monetary Policy Committee meeting of the Reserve Bank of India (RBI) will begin on August 5.

India manufacturing sector growth inches up in July on new orders: PMI

This is the 24rd consecutive month that the manufacturing PMI has remained above the 50-point mark.

01 Aug 2019 11:44 AM

The surplus capital transfer would help the government meet its fiscal deficit target as it will come as a windfall to the exchequer.

RBI capital transfer: Jalan panel likely to get extension to finalise report

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

01 Aug 2019 10:11 AM

Cash conditions are in surplus of Rs 1 trillion and are likely to stay so ahead of the advance tax payments.

India 10-yr bond yield drops as FPIs shift from equities to debt

Investors have moved to debt; net inflows amounted to USD 1.3 billion as of July 1-29.

31 Jul 2019 1:40 PM

RBI said based on feedback from stakeholders and with a view to further liberalise the ECB framework it has been decided to relax the end-use restrictions and allow the use of funds for working capital requirements, general corporate purposes and repayment of rupee loans.

RBI relaxes external commercial borrowing norms for corporates, NBFCs

ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes.

31 Jul 2019 10:00 AM

Subir Gokarn was appointed the deputy governor of the RBI in 2009 for a term of three years and had the distinction of being the youngest deputy governor at that time. (Photo: File | PTI)

Former RBI deputy governor Subir Gokarn passes away

In November, 2015, Gokarn was appointed as an executive director on the board of the IMF.

31 Jul 2019 9:27 AM

Economic Affairs Secretary Chakraborty nominated on central board of RBI

The nomination of Atanu Chakraborty is effective from July 29 and until further orders, RBI said.

30 Jul 2019 7:12 PM

Reserve Bank has cut its key rates thrice by a cumulative 0.75 per cent to a nine-year low of 5.75 per cent.

Nomura: June GDP to print in at 5.7 pc on demand slump, NBFC mess

Economy lost the verve and slipped to five-year low of 5.8 per cent in the March quarter.

30 Jul 2019 2:48 PM

One Mobikwik Systems Private Limited has been slapped a fine of Rs 15 lakh while Hip Bar Pvt Ltd faced a fine of Rs 10.85 lakh.

RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms

These two prepaid payment instrument issuers have been levied monetary penalty for non-compliance of regulatory guidelines.

30 Jul 2019 9:05 AM

n theory if tax rates are very high, obviously people look for other countries, which have lower interest rates, and also exemptions from income tax,” said former RBI governor Bimal Jalan.

Higher tax for high earners may trigger fund flight: ex-RBI governor

Analysts and traders say this has been a major reason for foreign investors being net sellers from Indian equity markets.

29 Jul 2019 8:22 PM

RBI had set up a task force to suggest policy and regulatory interventions required for development of secondary market in corporate loans.

RBI report on development of secondary market for corporate loans likely by next month

RBI is also likely to release another report on housing finance securitisation by August-end.

28 Jul 2019 1:24 PM

I think the credit flow will gather greater momentum very soon, said RBI governor Shaktikanta Das.

Bank lending to non-bank firms set to gather pace: RBI governor

RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta Das.

26 Jul 2019 1:30 PM

Swadeshi Jagran Manch (SJM), the economic wing of the RSS, has opposed the idea of issuance of sovereign bonds overseas.

PMO asks FinMin to conduct detailed study on issuance of overseas sovereign bonds

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

26 Jul 2019 9:11 AM

RBI to cut rates again in August as doves prevail: Report

India is now forecast to grow in the range of 6.3 per cent to 7.2 per cent each quarter through to end-March 2021.

25 Jul 2019 11:48 AM

State Bank of India (SBI) cuts its one year MCLR by 5 bps points to 8.40 per cent.

How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read

A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.

24 Jul 2019 1:21 PM

The government has not yet finalised replacement of Acharya.

RBI rejigs portfolios of deputy governors following Acharya's exit

The RBI, headed by Governor Shaktikanta Das, has four deputy governors.

24 Jul 2019 10:18 AM

Digital finance also offers major technological and infrastructure challenges. Sparse populations, inconsistent network coverage, insufficient capital for building new business models and customers’ lack of trust and comfort with technology can stand in the way of success, particularly in remote or undeserved communities.

India is making rapid strides in digital finance

In contrast to digital financial systems, physical channels are prohibitive for even low-income populations.

24 Jul 2019 1:55 AM

Forty-five-year old Viral Acharya will be going back to teach at New York University's Stern School of Business. (Photo: File)

Outspoken Dy Governor Viral Acharya ends his RBI stint

Acharya will be most remembered for speaking his mind on protecting the autonomy of the RBI.

23 Jul 2019 8:03 PM

Acharya said India’s borrowing relative to its output has ranged from 67 per cent to 85 per cent since 2000 and has outpaced many emerging markets including China.

Rise in government borrowing can weigh on corporate sector: Acharya

Acharya is leaving the central bank on Tuesday, six months before the scheduled end of his term in office, citing personal reasons.

23 Jul 2019 9:15 AM

As for private cryptocurrencies, given the risks associated with them and volatility in their prices, the group has recommended banning of the cryptocurrencies, the release said.

Inter-ministerial group suggests ban on cryptocurrencies in India

The panel also suggested a draft legislation -- Banning of Cryptocurrency & Regulation of Official Digital Currency Bill.

22 Jul 2019 7:17 PM

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Sanjaya Baru