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Reserve Bank of India (RBI)

Huge RBI dividend a bonanza for government

The RBI is aware and concerned about slow growth and cut interest rates in its policy statement.

28 Aug 2019 1:10 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI approves surplus transfer of Rs 1.76 lakh crore to government

This follows the RBI board accepting the recommendation of high-level panel headed by its former governor Bimal Jalan.

26 Aug 2019 9:08 PM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.

21 Aug 2019 12:31 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest...

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

Government, RBI must work closely for a 'big bang' cut

Every bank has to deposit a percentage of their deposits in the RBI to safeguard the interests of the depositors.

20 Aug 2019 8:21 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

RBI rules out asset quality review of NBFCs for now

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

19 Aug 2019 1:14 PM IST

Shaktikanta Das

Time has come for banks to link loans, deposits to repo rate: RBI Gov...

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks...

19 Aug 2019 12:40 PM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks cut rates, to roll out repo-linked loans

Bank of India said that it has cut the one-year MCLR where more than 80 per cent of its loan book sits by 25 bps,...

10 Aug 2019 1:24 AM IST

Reserve Bank of India (RBI)

Reserve Bank of India survey shows Indian companies are stressed over...

Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of...

8 Aug 2019 4:04 PM IST

Shaktikanta Das

RBI cuts rate 0.35 per cent, EMIs set to fall

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

8 Aug 2019 2:04 AM IST

Economic Affairs Secretary Shaktikanta Das

RBI cuts rate 0.35 per cent, EMIs set to fall

The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected...

8 Aug 2019 1:59 AM IST