RBI

Complete overhaul needed for RBI board to emulate Fed, BoE: Viral Acharya

A dramatic change in the board's role — on the lines of BoE and Fed — would require a total overhaul, he said.

'Hot money' evaporates from Indian capital markets in 2018, outflow nears Rs 1 lakh crore

As of now, the foreign portfolio investors (FPIs) have made a net withdrawal of about Rs 87,000 crore from the Indian markets with about a fortnight of trading remaining.

Lenders await NCLAT ruling on IL&FS debt

MCA has sought 90-day moratorium; bankers want to move RBI on classifying Rs 50,000 crore of debt.

Bank Nifty could outperform even more if it crosses 27,000

The Bank Nifty has gained 2.77 per cent in the last four days and Nifty gained 3 per cent.

External benchmarking of loan interest rates to help new borrowers: Here's how

Banks are set to move from internal benchmarks to determine floating rates of retail loans to external benchmarks specified by the central bank.

ET’s weekly roundup of the wackiest whispers & murmurs in corporate corridors

Minutes after Urjit Patel’s dramatic exit from the Reserve Bank of India, there were strong rumours that his deputy Viral Acharya too had resigned. In fact, an otherwise stoic RBI had to issue a clarification to kill the buzz.

Court order trips tax hounds in hunt for secret foreign assets

As tax havens began sharing information, laws have been strengthened over the years to bring undisclosed foreign assets under the tax net.

RBI poll shows short-term pessimism and medium-term optimism of consumers

Saumya Kanti Ghosh, group chief economic adviser with SBI, said the current apprehensions about jobs and the economy are due to the wobbly rupee value, uncertainty around oil prices and choppy stock markets.

View: Not RBI's job to facilitate poll wins by sacrificing reserves for achhe din's sake

BJP now needs a last-minute economic spurt to improve its 2019 chances. And RBI will be the loser.

Mastercard says will start deleting data of Indian cardholders from global servers; warns of impact

Mastercard will delete data of Indian cardholders from global servers but warned that it would have an impact.

Tweet Buster: Change of guard on Mint St and why you should think long term

The Street consensus holds - compromising with RBI autonomy is a big NO.

RBI board takes stock of all issues on agenda, but makes no announcement

The meeting held in Mumbai debated various issues, but stopped short of announcing specific measures.

Market feels a more balanced RBI policy is coming: Ashima Goyal

RBI decision should not be seen as board dictated because that is key to governance.

New RBI Guv brings rate cut expectations

RBI has changed its stance to “calibrated tightening” in its Oct monetary policy.

HC interim stay on CIC orders to RBI on wilful defaulter list

On November 2 this year, the CIC had issued a show cause notice to Patel for "dishonouring" a Supreme Court judgement on disclosure of wilful defaulters' list.

RBI board meet: No decision on PCA norm review or liquidity yet

ET Now citing sources reported that the next board meet will be held in January.

RBI reserve should be used to fix financial system: Arvind Subramanian

Subramanian was in the city to read some the excerpts from his book - Of Counsel: The Challenges of the Modi-Jaitley Economy.

No confrontation between government & RBI, only difference in views: Arun Jaitley

Reserve Bank has responsibility for credit and liquidity, and must address concerns of the government says Arun Jaitley.

Will uphold autonomy of RBI as an institution: Shaktikanta Das, RBI Guv

I will try and uphold professionalism, core values, credibility and autonomy of this institution. It’s an honour and great opportunity to serve RBI. I will try my best to work with everyone and work in the interest of Indian economy, says Shaktikanta Das, newly appointed RBI Governor.Will uphold autonomy of RBI as an institution: Shaktikanta Das, RBI Guv

Nehru, Indira, PC all had issues with RBI governors, says Jaitley

"I have best relationships with both governors though I may not have agreed on many issues."

Yes Bank to submit name for MD & CEO to RBI in January

In October, RBI had reaffirmed that a successor to Yes Bank's MD and CEO Kapoor should be appointed by February 1, 2019.

RBI Directors call for experts to review board role

A few members of the board of Reserve Bank of India are of the opinion that a committee should be constituted to look into governance aspects at the central bank.

Arun Jaitley admits to 2-3 areas of differences between Centre, RBI

Finance Minister said the differences with the RBI included credit flow in the economy and liquidity support.

Govt most important manager of economy: FM Jaitley on RBI

"We are the sovereign government and most important manager of the economy. As a sovereign, accountable government, we raised the issue of credit with the Reserve Bank," finance minister Arun Jaitley said Thursday in his first-ever reaction post Shaktikanta Das' appointment as the new RBI Governor. The FM was addressing the India Economic Conclave 2018 in Mumbai via satellite link. Listen-in.Govt most important manager of economy: FM Jaitley on RBI

YES Bank climbs 3%, says on track to name new CEO within RBI deadline

Shares of the company, however, cooled off a bit and traded 1.12 per cent up.

New CEO to take over by RBI deadline, says YES Bank

​Next board meet to be held on January 9, 2019, the bank said.​

RBI doesn't have a large scope for easing unless inflation really surprises on the downside: Sameer Narang, BoB

If inflation goes to sub-3.5%, it opens up a very large room for easing, says Narang.

Bandhan Bank surges 6% as RBI allows it to open 40 new branches

Bandhan Financial Holdings (BFHL) is owned by Bandhan Financial Services (BFSL).

RBI grants 40 branch licenses to Bandhan Bank

"We plan to open all the branches for which we received licenses by December 31," Ghosh said.

Here's why Kotak dragged RBI to court

The bank on Monday moved the Bombay High Court challenging the RBI decision rejecting its share sale announced in August.

4 of 11 banks may see lifting of lending restrictions in Q4

The newly-appointed governor Shaktikanta Das has adopted a more consultative stance.

RBI woes won't end with new governor

The new guy is Shaktikanta Das, a seasoned economic bureaucrat who has worked closely with the central bank.

There’s a compelling reason for a rate cut: Chris Wood

CLSA chief strategist roots for a cut as repo rate is 4.2 percentage points higher than CPI

Public credit registry better for SMEs, not special norms:Viral Acharya

The advisory was issued amid pressure from government to do more to support small businesses, which have been impacted by the twin shocks of note-ban and GST introduction.

RBI turns net buyers of US Treasuries in September

The RBI bought $3.4 billion of securities during the month to increase its holdings to $144 billion, according to data from the US Federal Reserve Board.

New RBI Governor Shaktikanta Das to steer first central board meet Friday

The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19.

RBI is part & parcel of government which hasn't destroyed it: Nitin Gadkari

Gadkari asserted that the central bank continues to be by and large an independent body but it should also support the economic vision of the government of the day.

Market cheers new RBI boss, Sensex shoots up 629 points

CLSA in a note said Prime Minister Narendra Modi is still a favourite to win the 2019 general election.

Shaktikanta Das tries to mend ties with govt before RBI board meet

The RBI will hold the meeting of its board as planned on December 14, Das said.

As offshore markets hold sway over USD-INR, rupee seeks to break free

The first moves began with the introduction of current account convertibility in 1994.

RBI reserve must not go for deficit financing: Arvind Subramanian

During his tenure as CEA, Subramanian was quite vocal about the universal basic income.

The sops Arun Jaitley will have to design now could test him to the limit

Jaitley has templates available if he wants to dole out sops this budget. But how far can he really go?

Shaktikanta Das appointed new RBI Governor

The government Tuesday appointed Shaktikanta Das, former Economic Affairs Secretary, as Governor of the Reserve Bank of India (RBI) for a period of three years. Watch to know more.Shaktikanta Das appointed new RBI Governor

Shaktikanta Das appointed as RBI Governor is wrong: Subramanian Swamy

Speaking on the appointment of Shaktikanta Das as Reserve Bank of India (RBI) Governor, Bharatiya Janata Party (BJP) leader Subramanian Swamy on Wednesday said, “Shaktikanta Das being appointed as RBI Governor is wrong, he has worked closely in corrupt activities with P Chidambaram and even tried to save him in court cases. Shaktikanta Das appointed as RBI Governor is wrong: Subramanian Swamy

Shaktikanta Das appointed as the new RBI Governor

A former economic affairs secretary, Shaktikanta Das worked closely with the central bank.

New governor will diminish RBI, play to government's tunes: Congress

The government on Tuesday appointed Das, who as Economic Affairs Secretary steered the monetary situation post-demonetisation, as the new Reserve Bank of India (RBI) Governor, a day after Urjit Patel resigned.

Coordinated action by RBI and government needed to jumpstart the economy: Vikas Khemani

As long as a stable government comes in 2019, the market would be fine, Vikas Khemani, Founder, Carnelian Capital Advisors, tells ET NowCoordinated action by RBI and government needed to jumpstart the economy: Vikas Khemani

Shaktikanta Das takes charge as 25th Governor of the RBI

Das will replace Urjit Patel who resigned from his position Monday citing personal reasons but was widely believed to be on account of growing rift with the central govt over autonomy and governance.

Key challenges that Shaktikanta Das may face in his new job at RBI

Shaktikanta Das, a career bureaucrat, is seen as someone who can ease tensions with the govt.

RBI approaches Centre & NPCI on WhatsApp's proposed payment business

Launched in 2017, Google’s UPI-based payment service Tez — which has been recently renamed Google Pay — claims 30 million active monthly users in India.

Shaktikanta Das has right credentials to become RBI Governor: Arun Jaitley

The Government has appointed Shaktikanta Das as the Governor of Reserve Bank of India after resignation of Urjit Patel. Shaktikanta Das has right credentials to become RBI Governor: Arun Jaitley

Market Movers: RBI Guv strikes dovish tone; signs of thaw on China-US front & double treat for Indian economy

Here’s a lowdown on top macro triggers that may move market on Thursday.

Urjit Patel resigns as RBI Governor

In an unprecedented move, Urjit Patel today resigned as the Governor of the Reserve Bank of India.

Urjit Patel quits RBI citing personal reasons

Despite an apparent easing of tensions at the last RBI board meeting, Patel’s tough stance against government demands on PCA could have been the immediate trigger for the resignation

How will your home loans change from April next year?

Banks at present use an internal benchmark (bank’s own marginal cost for funds) to decide rates.

Demonetisation lessons may come in handy for new RBI governor

Das is unlikely to shy away from changes, having overseen multiple reforms under his watch at North Block.

Will banks benefit from new RBI governor Shaktikanta Das?

Das' prolonged association with the government is likely to act as a catalyst, which should augur well for mutual policy framing.

New RBI Guv likely to lift foreign investor sentiment

The new governor’s cordial relations with the government will likely help policy negotiations, analysts said.

Shaktikanta Das: Know more about the new RBI Governor

The government Tuesday appointed Shaktikanta Das, former Economic Affairs Secretary, as Governor of the Reserve Bank of India (RBI) for a period of three years. A former economic affairs secretary from 2015 to 2017, Das worked closely with the central bank. Watch to know more.Shaktikanta Das: Know more about the new RBI Governor

Shaktikanta Das: The man behind GST, note ban now heads RBI

A 1980 batch Tamil Nadu batch IAS officer, Shaktikanta Das took charge as revenue secretary in 2014.

Govt appoints Shaktikanta Das as RBI governor for 3 years

A former economic affairs secretary from 2015 to 2017, Das worked closely with the central bank.

What's next for RBI after Urjit Patel era ends

As everyone awaits the appointment of the next chief, here’s a look at what could be in store in coming days.

India's next RBI Governor: Here are some of the early candidates

There’s no obvious successor yet investors are naturally anxious about who will take the helm.

Government likely to make announcement on RBI soon: Finance Secretary

RBI has been rendered headless following Patel's unexpected resignation, with immediate effect, Monday.

'Hot money' evaporates from Indian capital markets in 2018

FPIs are among the largest shareholders in several listed blue-chips in India.

Market convinced change in RBI leadership would be for better: Deven Choksey

Market would wait till election results are out at the end of the day, says Choksey

FIEO urges new RBI Governor Shaktikanta Das to ensure smooth flow of credit to exporters

Das, former economic affairs secretary, has assumed charge as the RBI Governor.

RBI Guv's exit, state polls: Can market sail through?

RBI's institutional capabilities very strong; not dependent on any particular individual: Niti

The Niti Aayog vice chairman also assured that the government will do whatever is required to continue its business as usual.

Kotak bank moves HC against RBI order on promoter stake dilution

RBI had disallowed use of pref shares, but bank says given deadline it had no other option

Here's what brokerages are saying on RBI Governor Urjit Patel's resignation

CLSA said the RBI Governor's resignation is a sentiment-negative for markets.

RBI-Govt spats are nothing new but resignations by Governors are!

In India there have been instances of differences between the government and the central bank — most notably, YV Reddy, D Subbarao and Raghuram Rajan in the recent past

RBI mulls live video authentication for customer verification

RBI proposed a method of using XML internet format to extract limited information Aadhaar database.

RBI may introduce new modes of customer verification

RBI proposed a method of using XML internet format to extract limited information Aadhaar database.

Bankers hope for more pragmatic RBI under new Governor

Experts are expecting that the channels of negotiations may open up like in the past.

Need not manufacture credit, liquidity issues: Arun Jaitley

Jaitley’s comment comes a few days after the resignation of Reserve Bank of India governor Urjit Patel, following what is seen as a rift between the bank and the government.

Sensex, Nifty rule steady, end positive for fourth day

Weakness in the rupee and global markets put a lid on the gains

Narendra Modi’s election losses and new RBI chief raise populism risk

Things don’t have to be so bleak, but the twin blows to Modi have surely raised populism risk.

Market Movers: DeMo man now RBI Guv; Congress resurgence in Hindi heartland; surging oil prices & more

Here’s a lowdown on top macro triggers that may move market on Wednesday.

Hope government won’t raid RBI reserves, says Manmohan Singh

I hope the resignation of the governor is not a sign that this may soon become a reality. Building institutions take a long time and effort but they can be destroyed in a whimper,” Singh said in a statement released to the media in New Delhi on Monday hours after Patel quit.

RBI Governor Urjit Patel goes far too quietly

The future of the RBI would have been much better served with a stark warning about its present state.

Kotak Bank takes RBI to Bombay HC over stake dilution issue

He just took the banking regulator to HC for rejecting use of preference shares to cut promoter stake.

Urjit Patel's resignation wrong for government, economy, RBI: Subramanian Swamy

Asked about his differences with the Finance Ministry, Swamy said it always happens whenever an "independent, non-rubber stamp" RBI governor is there.

Rahul on Urjit Patel's exit: Assault on institutions like RBI must stop

In the middle of the meeting, we were told that RBI Guv has resigned because he could no longer work with govt. There was consensus in the room that we've to stop BJP's assault on our institutions - CBI, RBI, EC & on the constitution: Rahul Gandhi Rahul on Urjit Patel's exit: Assault on institutions like RBI must stop

RBI says deputy governor Viral Acharya has not resigned

That speech by Acharya roiled markets and prompted the government to issue a statement in support of the central bank's autonomy.

Operational independence of central banks important for carrying out their responsibilities: IMF

Rice said that, the RBI played a vital role in ensuring economic and financial stability, and was an important counterpart and partner for the IMF.

RBI Governor's "forced" exit blot on India's monetary and banking system: Congress

Patel, who had a run in with the government over autonomy of the central bank, Monday resigned from his post.

Patel exit: Rajan says keep industrialists, politicians out of RBI board

Rajan who was the RBI governor from August 2013 to September 2018, said that the resignation of Urjit Patel is a matter of great concern.

Here's what could have led to RBI Governor Urjit Patel's exit

It's not unreasonable to assume that Patel quit when the RBI's autonomy faced pressures from the government.

Urjit Patel resigns as RBI Governor with immediate effect, cites personal reasons

RBI Governor Urjit Patel has decided to step down with immediate effect just few days ahead of the crucial RBI board meeting on December 14 citing personal reasons.Urjit Patel resigns as RBI Governor with immediate effect, cites personal reasons

PSBs filed over 2,500 FIRs against wilful defaulters till Sept-end: Arun Jaitley

Arun Jaitley added that a number of steps have been taken by the government and the RBI to deter wilful defaulters and help make recovery.

New RBI Governor Shaktikanta Das: A journey from North Block to Mint Street

Shaktikanta Das first played a part in the Modi government's crackdown on black money and then building a consensus for the impending rollout of the GST.

RBI policy stance has turned de facto neutral: Pranjul Bhandari, HSBC

In FY20, BoP deficit may not be as wide if oil averages $65-70 a barrel, says HSBC chief India economist

Will raise Rafale, RBI autonomy issue in Parliament: Ghulam Nabi Azad

Azad told reporters that the issue of alleged misuse of probe agencies by the government to settle political scores will also be raised.

RBI-GoI friction to ebb; longer-term financial stability a big challenge for new Governor

Success of the new leadership at RBI depends on looking beyond the near-term imperatives of govt.

At least 15-16% credit growth needed to maintain investment demand: Rashesh Shah

We are at a stage when industrial investment demand is starting to come back, says Shah.

Kotak Bank moves HC against RBI, stock plunges 7%

RBI raised a red flag, saying the PNCPS route to dilute promoter shareholding is not acceptable.

RBI remains net seller of US dollar in Oct, sells $7.2 billion

In FY17, the RBI had bought USD 12.351 billion of the US dollar on a net basis.

India continues to be a phenomenal medium to longer-term story: Jonathan Schiessl, Ashburton Investments

Markets pricing in a much easier monetary policy from the new RBI governor, says Schiessl