Reserve Bank Of India (RBI)

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Reserve Bank of India (RBI) Page-4

‘RBI rate hike won’t affect growth much’

Consumer prices hardened to five per cent in June, from 4.87 per cent in May.

06 Aug 2018 12:09 AM

RBI governor Urjit Patel said several factors were likely to influence the inflation outlook, including a possible moderation in food prices. (Photo: File)

India's pace of growth to speed up in 2018-19, says RBI governor

RBI governor Urjit Patel said, 'Several factors are expected to help accelerate the pace of growth in 2018-19.'

22 Apr 2018 10:44 AM

SBI Chairman Rajnish Kumar said there are certain areas where there is a problem with the running of ATMs and availability of cash of particular denomination. (Photo: File)

Cash crunch problem to be fixed by tomorrow, says SBI Chief

"The problem will be resolved as currency is being transported to states such as Telangana and Bihar," said SBI Chief Rajnish Kumar.

19 Apr 2018 2:55 PM

The RBI is likely to leave interest rates unchanged at its December policy meeting and through the end of next year. (Photo: PTI)

India's inflation likely to rise, interest rates won't: Reuters poll

The RBI’s Monetary Policy Committee at its meeting in October expressed concern about rising inflation.

29 Nov 2017 1:52 PM

India’s government is lobbying for a reduction in official interest rates in coming months as it expects inflation to stay close to a 4 per cent target, finance ministry officials said. (Photo: PTI)

Govt wants RBI rate cut before March, say Finance Ministry sources

The Finance Ministry wants a rate cut in the Monetary Policy Committee's December meet or when it convenes in February.

28 Nov 2017 1:12 PM

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

Interest rate cut unlikely: Assocham

While analysts are giving different takes on the upper level of crude, crossing the 70 dollar per barrel is not ruled out, he said.

27 Nov 2017 12:55 AM

Rising inflation reduces the hope of an RBI rate-cut in December, says industry body ASSOCHAM. (Photo: PTI)

Rising inflation reduces chances of RBI rate-cut in December: ASSOCHAM

This comes in the wake of the recent surge in prices of vegetables and crude oil that has left vendors as well as the customers in lurch.

26 Nov 2017 6:17 PM

The government is only seeking Rs 13,000 crore of surplus lying with the central bank, Economic Affairs Secretary Subhash Chandra Garg has said. (Photo: AFP)

Govt seeks Rs 13,000-cr surplus from RBI: Economic Affairs Secy

In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017.

19 Nov 2017 1:10 PM

The RBI directed all banks to implement doorstep banking facilities for differently-abled citizens and those above 70 years of age by December this year. (Photo: PTI)

RBI directs to enable doorstep banking for senior citizens, differently-abled

Banks were also advised to provide a dedicated counter for senior citizens and people who are differently-abled.

10 Nov 2017 4:14 PM

The RBI has had to cut its note printing order for 2018 due to a massive space crunch in its vaults. (File Image)

RBI faces space crunch in vaults, cuts note printing order for 2018

According to sources, the space crunch in RBI chests and vaults is due to the stock of scrapped Rs 500 and Rs 1,000 notes.

09 Nov 2017 11:25 AM

The RBI on Thursday said corporate borrowers having exposure of Rs 5 crore and above will have to mandatorily obtain 20-digit Legal Entity Identifier (LEI) from banks. (File Photo)

RBI mandates obtaining unique code for large corporate borrowers

Those having exposure between Rs 500 crore and Rs 1,000 crore have to obtain the LEI code by June 30.

02 Nov 2017 8:43 PM

The Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said. (Photo: PTI)

Note ban anniversary on Nov 8: RBI says still verifying banned notes

The RBI said it has processed about 1,134 crore pieces of Rs 500 notes and 524.90 crore pieces of Rs 1,000 notes.

29 Oct 2017 3:47 PM

An RTI query has revealed that the Reserve Bank of India never issued any directions regarding mandatory linking of Aadhaar and bank accounts. (Photo: PTI)

RTI reveals RBI never issued any order on linking bank a/c with Aadhaar

In a notification dated June 1, 2017, the government mandated the linking of bank accounts with Aadhaar by December 31.

20 Oct 2017 3:40 PM

The minutes of the recent Monetary Policy Committee (MPC) meeting suggest that the Reserve Bank is likely to tread a cautious path, said Kotak Economic Research report. (Photo: AFP)

MPC minutes suggest RBI to tread cautious path; slim chances of rate cut

The report expects retail inflation to be around 3.3 per cent in this fiscal but that directionally it will be trending higher.

20 Oct 2017 2:01 PM

The RBI on Thursday said banks will provide funds to women SHGs in rural areas at 7 per cent under the DAY-NRLM in the current fiscal. (Photo: PTI/Representational)

Banks to provide funds at 7 per cent to women SHGs under DAY-NRLM

The central bank issued the revised guidelines on interest subvention scheme under DAY-NRLM.

19 Oct 2017 9:59 AM

Citing medium term risks to inflation and uncertainties on external and fiscal fronts, RBI Governor Urjit Patel had pleaded for keeping interest rate unchanged. (File Photo)

Inflation, fiscal uncertainty led to rate status quo: RBI Governor

RBI Governor Urijt Patel emphasised the need for keeping headline inflation close to 4 per cent on a durable basis.

18 Oct 2017 8:45 PM

The RBI in its monetary policy review minutes stated that it was worried about consumer prices threatening its 4 per cent inflation target. (Photo: PTI)

RBI worried rise in consumer prices could threaten inflation target

The RBI’s six-member monetary policy committee voted 5-1 to keep the repo rate unchanged at the on October 4 meeting.

18 Oct 2017 6:36 PM

The RBI on Tuesday asked banks to "immediately" pay interest due on the gold deposited by individuals and institution under the Gold Monetization Scheme (GMS) launched in 2015.

Immediately pay interest on gold under GMS: RBI to banks

Gold can be deposited under the GMS with a designated bank in the account of the Central government.

17 Oct 2017 8:31 PM

It might take as long as December to get Rs 200 notes in ATMs. Photo:Twitter| @ANI

Wait till December to get Rs 200 notes in ATMs

To dispense the Rs 200 notes, the ATM machines require recalibration them, which entails re-configuring the cassette.

17 Oct 2017 4:52 PM

At least 66 CVPS machines are being used for counting junked Rs 500 and Rs 1,000 notes that were deposited post demonetisation, said the RBI in an RTI reply. (Photo: PTI)

RBI using 66 counting machines to tally Rs 500, Rs 1,000 demonetised notes

In Reserve Bank offices, 59 CVPS machines are used and each machine is operated by a set of five persons under a supervisor.

16 Oct 2017 5:19 PM

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Shreya Sen-Handley