RBI issues its first licence to an UCB to convert into Small Finance Bank
The “in-principle” approval granted will be valid for 18 months to enable the applicant to comply with the requirements under the scheme, the Reserve Bank said in a release.
What changed for D-Street while you were sleeping
CPI inflation stood at forty months high of 5.54 per cent in November, up by 92 bps from Oc...
PMC Bank depositors protest outside RBI headquarters
A police personnel says around 100 depositors, including women, raised placards and chan...
Growth a national objective: Shaktikanta Das
Das, while speaking at the postpolicy press conference on Thursday, said at a critical juncture where growth was slacking, it was of paramount importance that monetary policy and fiscal policy work in coordination to achieve the best results in the national endeavour to revive growth. The career bureaucrat entered the RBI headquarters last December.
A year in the RBI hotseat: Shaktikanta Das and the art of negotiation
When he succeed Urjit Patel as RBI Governor on Dec 11, critics said he could be remote-controlled by the govt.
RBI fast-tracks DHFL resolution, appoints advisory panel
IDFC First Bank's Non-Executive Chairman Rajiv Lall, ICICI Prudential Life Insurance's Managing Director and Chief Executive N S Kannan, and mutual funds' association AMFI's Chief Executive N S Venkatesh would be part of the three-member panel which will advise the administrator of DHFL, an official statement said.
Mock security drill at RBI headquarters in Mumbai sends onlookers in a tizzy
Onlookers said choppers were hovering around the area for some time before one of them landed on top of the building.
United Bank of India cuts MCLR by five basis points
State Bank of India was first to announce 10 bps cut in MCLR last week after Reserve Bank of India Governor Shaktikanta Das exuded confidence that previous policy rate cuts would translate into banks lowering lending rates even as the central bank kept repo rate unchanged in the last monetary policy.
Forensic audit on PMC scam expected by month-end: Shaktikanta Das
"There is a forensic audit underway. We will get the report by the end of this month. Assessment of the realisable value of the assets of the bank is also on," Das told reporters after the announcement of the monetary policy.
NK Singh calls for further simplification of the GST structure
The veteran policy advisor said that though GST was introduced in a record time, the next level would be to simplify the structure and minimise the cost compliance.
RBI does away with single-use plastic products
In the Independence Day speech, Prime Minister Narendra Modi had called for an end to single-use plastic to protect the environment.
Reserve Bank sends DHFL to NCLT for debt resolution
First financial services company to go for bankruptcy resolution.
India's growth might have reached a trough: Goldman Sachs
“We expect that the slowdown episode that began in January 2018, to end soon, in response to better global growth, easier domestic financial conditions, positive fiscal impulse, some uplift in sentiment, and an easing of supply bottlenecks” said Prachi Mishra, India economist for Goldman Sachs.
View: Yes Bank needs an arranged match, otherwise it’s No Bank
Is the Reserve Bank of India so distracted fighting other fires that it would rather not have to think about Yes?
Finance panel chief NK Singh blasts frequent tinkering with GST rates
Finance commission chairman NK Singh also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog, which as of now does not have any powers to take financial decisions. The comments come amidst concerns about the continuous fall in GST collection.
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