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Last month, the RBI central board had given its nod to transfer Rs 1,76,051 crore to the government from its surpluses as per the Bimal Jalan panel report. (Photo: File)

'Seen it only in media': RBI Governor on Rs 30,000 crore reported payout

As per media reports, the government might seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of financial year.

04 Oct 2019 3:19 PM

Reserve Bank of India's Monetary Policy Committee decided to cut benchmark lending repo rate by 0.25 per cent to 5.15 per cent in a bi-monthly meeting in Mumbai on Friday.

RBI cuts repo rate by 0.25 per cent to support growth

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

04 Oct 2019 12:08 PM

According to the survey, new work intakes contracted in September, after an 18-month sequence of expansion. (Photo : Representational)

India's services sector activity contracts in Sep on weak demand: PMI

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

04 Oct 2019 11:54 AM

Experts and industry feel low inflation provides enough headroom for the RBI to further lower the policy rate, especially when festive season has just started.

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

03 Oct 2019 5:50 PM

In a statement, the ICAI said it has sought requisite details of their findings as well as that of any 'member/firm alleged to be involved in the matter'. (Photo: File | PTI)

PMC Bank case: ICAI to check role of auditors

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies.

02 Oct 2019 3:56 PM

The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps.

India central bank set to cut rates again as fiscal measures fail to cheer

With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.

02 Oct 2019 2:41 PM

In the six-page letter, Joy Thomas details the birth and growth of the relationship between PMC Bank and HDIL and refers to at least three occasions in which the company infused funds when the bank was struggling, including a Rs. 100 crore payment in 2004. (Photo: PTI)

Suspended PMC bank chief hid information from RBI to save itself from ‘reputational loss’

‘As loans outstanding were huge and if these were classified as NPA it would have affected the profitability,’ the letter said.

01 Oct 2019 5:49 PM

RBI Governor Shaktikanta Das has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited. (Photo: File | AFP)

RBI begins policy review meet; rate cut on cards to boost economy

The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.

01 Oct 2019 5:19 PM

are protected. The action was necessitated as in case of PMC Bank, the small depositors constitute around two-thirds of its depositor base, a source explained. (Photo: PTI | File)

Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors

RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.

01 Oct 2019 9:42 AM

Commercial borrowings remained the largest component of external debt, with a share of 38.4 per cent, followed by non-resident deposits (24 per cent) and short-term trade credit (18.7 per cent), the RBI said in a release. (Representational Image)

India's external debt rises to USD 557.4 billion end-June 2019

Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion.

01 Oct 2019 9:15 AM

The crisis raises question mark on role of various people whether it is regulator, auditors, directors and other officials, MoS Finance Anurag Thakur said on the sidelines of an event organised by Punjab National Bank in New Delhi. (Photo: File)

PMC Bank crisis 'eye opener', RBI looking into lapses: Thakur

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

30 Sep 2019 3:38 PM

Shivaji is likely to replace Viral Acharya, who citing unavoidable personal circumstances, resigned as deputy governor of Reserve Bank of India in June.

IAS Kshatrapati Shivaji front runner for RBI deputy governor post: Report

Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.

30 Sep 2019 3:18 PM

The slum redevelopment focused Housing Development and Infrastructure Ltd HDIL is in the bankruptcy court now after being hit by a severe cash crunch following the failure of some of its key projects in Mumbai. (Photo: File | PTI)

PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD Thomas to RBI

The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.

29 Sep 2019 6:02 PM

Earlier, the RBI Governor Shaktikanta Das had said the government has little fiscal space, giving hopes that the RBI may provide more monetary stimulus to prop up the economy. (Photo: File | AFP)

RBI may go for another rate cut on Oct 4: Experts

RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.

29 Sep 2019 4:33 PM

If required, the government may request the Reserve Bank of India for interim dividend of Rs 25,000-30,000 crore during the current fiscal, an official said. (Photo: Representational)

Govt may seek Rs 30,000 cr interim dividend from RBI

Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth.

29 Sep 2019 2:38 PM

Markets are expected to consolidate further with the bias on the positive side. We feel the upcoming RBI monetary policy review meet could trigger the next directional move, said Ajit Mishra, Vice President, Research, Religare Broking Ltd. (Photo: File | PTI)

RBI rate decision, macro data to steer markets in holiday-shortened week: Analysts

Markets would remain closed on Wednesday for 'Mahatma Gandhi Jayanti'.

29 Sep 2019 11:06 AM

Banks currently under PCA are United Bank of India, Indian Overseas Bank, Central Bank of India, IDBI Bank and UCO Bank. (Photo: AFP)

RBI initiates prompt corrective action against Lakshmi Vilas Bank

PCA is aimed at improving the performance of the bank and will not have any adverse impact on the day-to-day operations

28 Sep 2019 3:40 PM

Plea for probe into alleged misappropriation of funds by Indiabulls, HC seeks reply

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Centre, RBI and Indiabulls.

27 Sep 2019 3:29 PM

Thousands of depositors across various branches stood outside demanding answers on their life savings. (Photo: PTI)

Depositors protest as curbs put on Indian co-operative bank

The central bank and barred from renewing, or granting any loans, or making investments.

26 Sep 2019 10:00 AM

Several banks, including State Bank of India, have already announced to link their loan products with external benchmarks from next month.

Indian Bank to link retail, MSME loans to RBI's repo rate from Oct 1

The RBI has mandated all banks to link their loans with external benchmarks, such as repo

26 Sep 2019 9:08 AM

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Dilip Cherian