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Saturday, Oct 31, 2020 | Last Update : 07:36 PM IST

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Reserve Bank of India Governor Shaktikanta Das. (Photo- PTI)

RBI reduces repo rate by 75 bps to 4.4%

The central bank also reduced the cash reserve ratio of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year

27 Mar 2020 11:46 AM

Customers of Yes Bank queue up to withdraw money from their accounts at an Automated Teller Machine (ATM) in Mumbai. (AFP)

ED arrests 'uncooperative' Yes Bank founder Rana Kapoor

The agency is probing money-laundering and lending practices that pushed the bank to the edge

08 Mar 2020 9:27 AM

Supreme Court overturned on Wednesday a central bank ban forbidding lenders from facilitating banking transactions for cryptocurrency exchanges and traders.

Supreme Court quashes RBI banking ban on cryptocurrency

In April 2018, RBI gave entities it regulated 3 months to snap all banking relationships with individuals dealing in virtual currency.

04 Mar 2020 11:41 AM

Finance minister Nirmala Sitharaman and RBI Governor Shaktikanta Das arrive for the RBI central board of directors in a customary post-budget meeting, in New Delhi on Saturday. PTI photo

Transmission of rate cuts will improve further: Shaktikanta Das

His comments come against the backdrop of concerns over growth of the economy, which has registered a spike in inflation

15 Feb 2020 2:14 PM

The central bank has invited comments on the draft framework from all stakeholders by February 25.

RBI publishes draft framework for new payment system

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

11 Feb 2020 11:15 AM

Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI to conduct long-term repo operations on Feb 17, 24 for Rs 50,000 cr

There will be no restriction on the maximum amount of bidding by individual bidders.

08 Feb 2020 12:38 PM

The hike in deposit insurance coverage has been a long pending demand from bank depositors and it recently came to fore after the crisis at PMC Bank.

Deposit insurance hike: RBI says not to hit banks balance-sheets

The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.

07 Feb 2020 11:11 AM

Highlights of RBI's sixth bi-monthly monetary policy statement for 2019-20

Next meeting of the MPC scheduled during March 31, April 1 and 3, 2020.

06 Feb 2020 1:04 PM

RBI has many other tools to revive growth, not just interest rates: Das

The governor said the continuity in policy from last pause should not be read as a pointer to future actions.

06 Feb 2020 12:50 PM

Going forward, the inflation outlook is likely to be influenced by several factors like food inflation, crude prices and input costs for services, RBI said.

RBI revises upwards retail inflation projection to 6.5 pc for Jan-Mar qtr

RBI further said that the actual inflation outcome for Q2 at 5.8 per cent overshot projections by 70 bps.

06 Feb 2020 12:36 PM

Real GDP growth for 2019-20 was projected at 5 per cent in the December 2019 policy.

RBI estimates GDP to expand at 6 pc in FY21

The survey, tabled in Parliament last month, estimated the GDP growth during FY21 at 6-6.5 per cent.

06 Feb 2020 12:32 PM

Reserve Bank of India keeps key policy rate unchanged at 5.15 per cent

In the last MPC meet benchmark interest rate was cut by 0.25 per cent to 5.15 pc from 5.40 pc amid low inflation, faltering economic growth.

06 Feb 2020 11:54 AM

The RBI said HDFC Bank failed to exercise ongoing due diligence in those accounts.

RBI imposes Rs 1 crore penalty on HDFC Bank

A notice was issued to the private lender to show cause as to why penalty should not be imposed for non-compliance with the direction.

30 Jan 2020 1:54 PM

A total of 99 and 27 such cases involving Rs 46.9 crore and Rs 9.3 crore were reported during 2017-18 and 2016-16 respectively,

Urban cooperative banks report nearly 1,000 frauds worth over Rs 220 cr: RBI

The central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19.

27 Jan 2020 1:10 PM

The government was forecast to set a fiscal deficit target of 3.6 per cent of GDP for 2020-21, up from 3.3 per cent targeted for the current year, the poll found.

RBI to hold rates on inflation concerns, fiscal boost likely: report

The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.

23 Jan 2020 1:14 PM

Out of the net income of Rs 1,23,414 crore for the year 2018-19, the RBI had already transferred Rs 28,000 crore to the government as interim dividend in March 2019.

Interim dividend issue may come up in next RBI's board meeting

The country's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal as compared to 6.8 per cent in 2018-19.

20 Jan 2020 12:01 PM

RBI has cut rates by a total of 135 basis points in five moves in 2019 and shocked markets by holding rates steady at its December meeting.

RBI may put rate cuts on extended pause after spike in inflation

Economists said the MPC may watch for a possible reversal in food prices to see how inflation pans out in coming months.

15 Jan 2020 10:09 AM

The appointment of Patra, who is currently an executive director at the central bank.

Govt appoints Michael Patra as RBI Deputy Governor

Patra will serve as the deputy governor for three years from the time of his appointment.

14 Jan 2020 12:11 PM

The RBI said it had a net outstanding sell position of USD 6.1 billion as of end-November, down from USD 7.47 billion at the end of the previous month.

RBI buys net USD 6.93 billion in currency market in November: report

The RBI bought USD 7.46 billion and sold USD 530 million in the market in November.

13 Jan 2020 12:30 PM

The RBI largely earns profits through its trading of currencies and government bonds. (Photo: AFP)

Indian government to seek RBI dividend boost as revenue drops

Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government

11 Jan 2020 10:57 AM

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Shobhaa De