RBI
- Hooda slams Congress leaders for not supporting abrogation of Article 370
- Delhi Jal Board CEO moves National Green Tribunal alleging sand mining in Yamuna
- Yes, Kashmir is angry but don’t edit out the rest of the story
- 18 killed in highest-ever rainfall in Himachal
- IAF aircraft parts recovered 51 years after crash
- New Delhi to host Indian Grand Prix on September 5
- Karnataka may order CBI probe into snooping under Kumaraswamy government
- Traders body calls for boycott of Chinese goods, seeks up to 500% import duty
- In Maharashtra, Haryana and Jharkhand, BJP likely to fight polls under incumbent CMs
RBI to cut interest rates by 40 bps by March: Fitch
RBI on August 7 had cut rates by 35 bps, slightly higher than market expectations of 25 bps cut.
Bank loans rose 12% YoY in two weeks to Aug 2: RBI
Bank deposits rose 939.60 billion rupees to 127.45 trillion rupees in the two weeks ended Aug 2.
RBI's dollar purchases at four-month low in June
But in the forward market, the central bank bought $ 4.9billion, as the outstanding forward sakes fell from $18.3 billion in May to $13.4 billion in June, RBI data indicates.
Key committees in IL&FS did not meet for years: RBI
The report said some of the key committees in IL&FS did not convene any meetings at all in the last few years.
RBI clarifies on free ATM transactions
Failed transactions, non-cash swipes at ATMs shouldn't be counted as part of free transactions, RBI has said.
NHB directive on subvention to have little impact, says study
Real estate developer Sobha believes that demand in the residential sector will continue to grow as benefits from the structural reforms begin to show results.
IAMAI says RBI has no authority to ban cryptocurrencies
The counsel also emphasized that the central bank did not undertake research before issuing the ban.
IL&FS may not have disclosed bad loans for years: RBI report
NPAs on IL&FS's books were as high as 70 per cent of its total loans and advances.
Punjab & Sind Bank cuts MCLR by up to 20 basis points
PSB has lowered MCLR on overnight, one-month, three-month and six-month duration loans by 0.15 per cent to 8.20 per cent, 8.30 per cent, 8.40 per cent and 8.50 per cent, respectively.
RBI tweaks norms for priority sector lending
As per the revised norms, on-lending by NBFCs for 'term lending' component under agriculture will be allowed up to Rs 10 lakh per borrower.
RBI to review rules governing housing finance companies
HFCs will now be treated as one category under the non-bank finance companies.
Narayana Murthy credits Manmohan Singh, Chidambaram for India's economic reform & tech boom
The Infy co-founder's list also includes PV Narasimha Rao and Montek Singh Ahluwalia.
ANZ slashes forecast for India's GDP growth in 2019/20 to 6.2%
The bank's estimate of GDP growth is now well below the expectations of other banks, and a long way from the RBI's forecast of 6.9% forecast
RBI asks banks not to count failed transactions, balance enquiry as 'free ATM transactions'
Banks provide certain number of free transactions at ATMs to their customers and beyond that impose charges.
Jalan panel finalises report; suggests transfer of RBI's surplus in tranches over 3-5 yrs
As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.
RBI allows fintech companies, financial institutions to set up regulatory sandbox
The RBI said the RS fosters 'learning by doing' on all sides and regulators obtain first-hand empirical evidence on the benefits and risks of emerging technologies and their implications.
Insurance cover a must for fintechs participating in RBI sandbox
The framework document also doesn’t provide any legal waiver to the companies operating in the sandbox. Furthermore, any loss incurred by the customer would have to be borne by the sandbox entity, the central bank said.
Investing in 3-5 years duration funds is an all-weather strategy: R Sivakumar of Axis Mutual Fund
While RBI does have space to cut rates, we will have to wait and watch the economic situation.
Bimal Jalan panel finalises report; suggests transfer of RBI's surplus in tranches over 3-5 years
The Bimal Jalan committee, constituted to assess the adequate size of capital reserves that the RBI should hold, has finalised its report, sources said on Wednesday.
Desis’ Q1 foreign trip bill at new high
This year’s June travel spend accounted for 42% of the foreign exchange purchased by Indian individuals.
Forex reserve hits fresh lifetime high of $430.57 billion
India's gold reserves surged by $1.591 billion to $26.754 billion, according to data.
Had once told FM to sack RBI governor: Nitin Gadkari
Gadkari sought to make the point how rigidity by regulators had hampered business growth in the country.
RBI cuts interest rate but reduction in your home loan EMI will be slow
Higher than normal rate cut is a signal for banks to cut lending rates aggressively before festive season.
Improved liquidity, softening yields make fund raising easier for ‘AAA’ companies
The 10-year benchmark government bond yield has fallen to its lowest since September.
We have onboarded 150 billers and process 5 cr transactions a month: AR Ramesh, BBPS
New mandate on expanding services gives BBPS the opportunity to harness the system’s full potential.
IDBI Bank hits 16-year low after Q1 net loss widens
The bank’s provision for NPAs stood at Rs 7,009 crore as against Rs 4,603 crore in the year-ago period.
Buy Axis Bank Ltd. target Rs 695: Shubham Aggarwal
Buy Axis Bank Ltd. at a price target of Rs 695 and a stoploss at Rs 640 from entry point.
Government, RBI on same page on measures to boost economy: Nirmala Sitharaman
Addressing the national council meeting of the Confederation of Indian Industry, she said govt wants to reduce corporate tax rate and review CSR default penalty.
IL&FS may not have disclosed bad loans for years- central bank report
The Indian government took control of IL&FS late last year after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system.
How RBI helps NBFCs to lower borrowing costs
Mahindra Finance, Tata Capital, and PNB Housing Finance are now seeking shorter-tenor, MCLR-linked bank borrowings to raise disbursements ahead of India’s festival season beginning early autumn.
We’re in talks with a handful of cos for strategic stake sale: Ravneet Gill, YES Bank
This year, we may grow in the teens given the timing of the overall capital raise, says Gill.
RBI will ensure no big NBFC fails, but no bailout package
RBI has increased monitoring of NBFCs after the IL&FS crisis.
Govt & RBI working together to help incentivise investments: Sitharaman
Sitharaman was addressing industry leaders at the national council meeting of Confederation of Indian Industries (CII).
Ponzi scam: ED attaches Rs 300-crore assets of Telangana group
The properties belong to Nowhera Shaik of Heera Group of Companies and others, and are spread across multiple states.
RBI not done with easing, may cut rates in October and early next year
If RBI does cut again as forecast it would be a repeat of a cutting spree last seen in 2000-01.
RBI's MPC bears the Das stamp: An assessment
RBI rate cut was unanimous, with the 35 bps to 25 bps vote counting as 4 : 2.
Sensex, Nifty plunge as RBI slashes growth forecast
The BSE Midcap index declined 0.44 per cent and the BSE Smallcap index ended 0.11 per cent lower.
SC commence hearing on pleas against RBI circular banning cryptocurrency
The RBI had on April 6, 2018 last year had said that it had repeatedly cautioned users, holders and traders of virtual currencies.
Jana Small Finance Bank receives Scheduled Bank status from RBI
The Bengaluru-headquartered bank, established as a financial services company in 2009, said it presently operates 260 branches.
RBI eases risk, exposure rules, banks can lend more to NBFCs
Shaktikanta Das didn’t stop with an interest rate cut. He walked an extra mile by tinkering with prudential guidelines.
RBI cuts repo rate by 35 bps to 9-year low
Reduces growth forecast by 10 bps for the fiscal year to 6.9% on slumping demand
RBI building its forex kitty with gold bricks
The RBI has bought close to 2 million troy ounce of gold since November 2017.
RBI moves unlikely to ease pain for India's struggling NBFCs
Analysts say priority sector lending rules tweak may help smaller NBFCs but won't favour bigger shadow banks.
India Inc welcomes 35 basis points RBI rate cut
RBI lowered its GDP growth projection to 6.9% from 7.0% for the fiscal citing weak domestic and external demand conditions.
RBI talking to Sebi, Irdai to make AMCs, insurers part of ICA
Das said RBI have had inter-regulator meeting at a very senior levels from senior members from Sebi and Irdai.
RBI cuts risk weight on consumer credit to 100%, credit cards
The central bank said guidelines in this regard would be issued by the end of August.
RBI Governor walked the talk: Shubhada Rao, chief economist, Yes Bank
Shubhada Rao, chief economist, Yes Bank speaks on how the RBI Governor indeed walked the talk, and opted for an unconventional 35 bps rate cut. She suggests what is the path from here.RBI Governor walked the talk: Shubhada Rao, chief economist, Yes Bank
RBI's 'unconventional' rate cut to support growth, say experts
While the RBI expects risk on inflation forecasts to be evenly balanced, it anticipates some downside risks to its FY20 growth estimate.
RBI is leading from the front: Anand Mahindra on Rate Cut
Industrialist Anand Mahindra praised the Reserve Bank of India (RBI) for today's policy rate cut. "Excellent. I had just tweeted about the need to roll up our sleeves & get the GDP growth engine moving faster. Clearly, the RBI is leading from the front..." Mr Mahindra tweeted on Wednesday, after the RBI's Monetary Policy Committee (MPC) delivered its fourth rate cut of the current year. The central bank reduced the repo rate - the key interest rate at which it lends short-term funds to commercial banks - by 35 basis points to 5.40 per cent - the lowest level recorded in over nine years. RBI is leading from the front: Anand Mahindra on Rate Cut
RBI imposes monetary penalty on eleven banks
Individually, the penalty on 11 banks ranges from Rs 1.5 crore to Rs 50 lakh. Overall, the combined penalty comes to Rs 8.5 crore.
RBI should ensure easy credit disbursal to exporters: EEPC India chairman
Sehgal added the RBI should strengthen the ombudsman mechanism for redressal of grievances.
Bond market unmoved by RBI credit policy: Lakshmi Iyer, Kotak MF
There is still selective lending but maybe a few banks are being an exception.
RBI Monetary Policy: Repo rate cut to boost affordable homes sales
Property builders hope the current rate cut would translate into lower EMIs on housing loans and will aid the sluggish property market.
HC raps RBI for callous attitude in not filing response to PIL on financial data misuse
It appears that the RBI is negligent in assisting in the matter," the bench said.
ET View: 3 reasons for RBI's 35 bps rate cut
RBI shares the general concern about slowing growth and would like to do its bit to lift spirits and get the economy moving.
RBI keeps retail inflation projection within target for next 12 months
CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.
A 35 bps cut denotes RBI is not panicking: Abheek Barua
A 50 bps cut would have said that we are really worried, says the HDFC Bank chief economist.
Slowdown in the auto sector one of the 15 considerations for RBI to cut repo rate
“Tractor and motorcycle sales – indicators of rural demand – continued to contract," the central bank said.
RBI brings in Central Fraud Registry, a likely major gamechanger for banking
The participants in RBI's payment system will be given access to this registry for fraud monitoring that is likely to be almost real-time.
PM Modi to take call on economic revival steps
Finance ministry to brief Modi today about issues faced by industry and suggest possible stimulus measures.
Rupee inches to 71 level against dollar post RBI policy decision
Following the RBI's Monetary Policy Committee (MPC) decision, the local currency witnessed heavy volatility.
Personal loans likely to become cheaper as RBI cuts risk weightage
Banks have to keep aside a higher amount of money depending on the risk perception on loans guided by the central bank.
RBI policy: Lending norms, exposure limits eased for NBFCs
The Reserve Bank of India today relaxed bank lending norms to non- banking finance companies and eased bank’s exposure limits to help the sector under stress.
RBI brings in major change in Bharat Bill Payment System regime
The Bharat Bill Payment System is an inter-operable platform for repetitive bill payments.
Transact round the clock: NEFT timings to change from December, RBI announces
Currently, the channel can only be used between 8am to 7pm on working days.
Sensex, Nifty cautious ahead of RBI policy outcome, key earnings
The RBI MPC will announce its third bi-monthly policy of the ongoing fiscal today.
Stock market update: Realty stocks rise ahead of RBI's policy outcome
The Nifty Realty index was trading 0.74 per cent up at 264.40 around 09:55 am.
Share market update: Auto stocks up ahead of RBI's policy outcome
The Nifty Auto index was trading 0.05 per cent up at 6945.75 around 09:46 am.
Analysts see 25 basis points rate cut by RBI
SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.
Bond rally fizzles on government spending fears
Since February, the Reserve Bank of India has cut the key policy rate by 110 bps.
mWallet firms look to RBI for eKYC options
Nasscom wants time till March 2020 and easy access to Aadhaar for wallet companies.
View: India has a labour productivity problem and it stands in the way of economic growth
Income growth has been running much below consumption, forcing homes to cut savings.
WPI inflation in July slips to 25-month low of 1.08 per cent on cheaper food items, fuel
The wholesale price index (WPI)-based inflation was at 2.02 per cent in June this year and 5.27 per cent in July 2018.
Loans against shares now a pricier affair
Interest rates have increased by 200-400 basis points versus a year ago, dealers said.
Delay becomes the norm in insolvency & bankruptcy cases
As much as 34% of the 1,292 cases in the bankruptcy courts up to June 2019 are delayed beyond 270 days.
Slowdown is taking hold: Consumer sentiment plunges, RBI survey flags low confidence in economy
Consumer confidence is rapidly slipping as worries over jobs and other aspects of the economy take firm hold.
RBI imposes penalty of Rs 8.5 crore on 11 banks
The banks had delayed or did not report frauds to RBI resulting in non-compliance with its directions.
View: Short-term measures to pull economy out of crisis
The ball is now in government of India's court. Modi’s call to look beyond the Budget will not work.
Loans against shares now a pricier affair
Interest rates surge by up to 300 basis points on fear of default and crash in share prices.
RBI imposes Rs 50 lakh fine on SBI
The RBI in exercise of the powers conferred under various sections of the Banking Regulations Act has imposed this penalty on SBI.
CBI wants banks’ nod to probe executives in fraud cases
RBI has also pulled up banks for not reporting as frauds the cases that are being investigated by the government agencies.
India’s payment apps battle to catch China in squeezing out cash
That means Indians will continue to face a bewildering array of payments apps.
SBI proposes to list credit card business
SBI Chief had earlier indicated that the public offer would be made in the fourth quarter of the current fiscal.
RBI needs to take the cue and cut rates aggressively: Sandip Sabharwal
At Rs 2 lakh crore, it is the highest liquidity in the system ex demonetisation impact.
RBI updates fit & proper norms for PSB boards
MPs, MLAs and local body members cannot join boards, the updated circular by the RBI has stated.
RBI will have to do more heavy-lifting for economy to even clip at 6.9%: Analysts
Economists at largest private sector lender HDFC Bank termed reduction in growth as "paltry and somewhat dissonant with the characterization of the economic situation".
RBI's rate cut will help if banks pass on benefit to end-users, say realty players
The RBI, which has lowered the repo rate by 1.1 percentage points this year, maintained its "accommodative" stance that means an increase is off the table.
Equitas approaches RBI for extension of listing deadline
The bank is required to complete listing of its shares on or before September 4.
Can we expect a fourth successive rate cut from RBI?
Finance minister Nirmala Sitharaman is not remotely as intemperate as Trump. But there’s no doubt she expects monetary policy to do the heavy lifting.
Sensex tanks 286 pts as RBI cuts rate by 35 bps; Nifty ends at 10,856
CLOSING BELL: Sensex tanks 286 points as RBI cuts rate by 35 bps; Nifty below 10,850; M&M slips 6%Sensex tanks 286 pts as RBI cuts rate by 35 bps; Nifty ends at 10,856
BBPS biller categories expanded, 24x7 NEFT: RBI statement on developmental, regulatory changes
RBI Governor Shaktikanta Das lists out various developmental and regulatory policy measures in the areas of financial markets, payment and settlement systems, banking regulation, financial inclusion and credit flow to NBFCs.BBPS biller categories expanded, 24x7 NEFT: RBI statement on developmental, regulatory changes
Here’s what prominent debt fund managers say about RBI policy
With today’s rate action, we have seen a cumulative rate reduction of 110 bps, and it is imperative to see this impact percolate to the real sector.
Shaktikanta Das says banks so far passed on only 29 bps of RBI 75 bps cuts
Shaktikanta Das said banks have passed only 0.29 percent in rate cuts to their borrowers as against 0.75 percent cuts in interest rates by the Reserve Bank till June
RBI Governor explains why MPC went for an 'unprecedented' 35 bps rate cut
The Reserve Bank of India (RBI) Governor Shaktikanta Das Wednesday termed the steeper 0.35 percent repo rate cut as a "balanced" call given the domestic and global developments. He explained that a 0.25 percentage points reduction, as it has done thrice this year since February, would have been "inadequate", while a 0.50 percentage points cut would have been "excessive". The six-member Monetary Policy Committee (MPC) for the fourth consecutive times in a 4:2 vote resolved to cut the rates by 0.35 percent, taking the total cuts during 2019 to 1.10 percent to a near record low of 5.40 percent. Watch this video to know more. (Text: PTI)RBI Governor explains why MPC went for an 'unprecedented' 35 bps rate cut
RBI Governor Shaktikanta Das expects economy to revive soon, feels slowdown cyclical, not structural
He exuded confidence of growth reviving soon on the back of cheaper money and likely more government measures.
RBI cuts FY20 growth projection: Key takeaways from money policy
MPC felt a 50 basis points rate cut might have been excessive,” said Shaktikanta Das.
Rate cut shows RBI desperate to put economy back on track, say D-St analysts
It was fourth rate cut by the RBI in a row. The short-term lending rate now stands at 5.40%.
RBI credit policy: MPC cuts repo rate by 35 bps to 5.40%, maintains accommodative stance
The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday cut repo rate by 35 basis points in its third bi-monthly policy review of the financial year. It was fourth rate cut by the central bank in a row. The short-term lender rate now stands at 5.40 per cent. Persistent weakening of core inflation has kept the headline rate below the central bank’s 4 per cent target for the 11th straight month in June and, thus, the rate cut was largely in line with Street expectations. RBI credit policy: MPC cuts repo rate by 35 bps to 5.40%, maintains accommodative stance
RBI cuts rates by 35 bps; is it time to shift to long-term debt mutual funds?
The central bank maintained its accommodative monetary stance and retained the inflation outlook.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
