Mundra warns against herd mentality in banking
At a time when credit offtake has hit a multi-year low last fiscal, Reserve Bank deputy governor S S Mundra on Friday cautioned banks against irrational lending, saying they should not have 'follow thy neighbour' policy.
May 29, 2015, 21:39 PM IST
Deutsche sees Rajan cutting rates by 0.25% each next week
Germany's Deutsche Bank joined the chorus of rate cut-callers on Friday saying it expects Reserve Bank Governor Raghuram Rajan to effect a quarter percentage point reduction in the policy rates on Tuesday.
May 29, 2015, 19:45 PM IST
I am happy to let it go to the government: Rajan on PDMA
Reserve Bank Governor Raghuram Rajan on Thursday said there was no reason for RBI to manage public debt and he would be happy if the debt management function goes to the government.
May 28, 2015, 22:08 PM IST
RBI issues draft Basel III guidelines on liquidity standards
The Reserve Bank on Thursday released the draft guidelines on the net stable funding ratio (NSFR) under Basel III framework on liquidity standards for banks and sought comments from all stakeholders by June 26.
May 28, 2015, 22:07 PM IST
RBI asks banks to submit progress report on NULM
The Reserve Bank on Thursday asked banks to submit progress on the work done under the National Urban Livelihoods Mission (NULM) on a quarterly basis.
May 28, 2015, 21:48 PM IST
RBI asks banks to advise argi-borrowers to hedge risks
The Reserve Bank on Thursday asked the banks to advise their large agri-borrowers to hedge their commodity price risks through derivative products available on the exchanges.
May 28, 2015, 19:59 PM IST
Make in India should not entirely focus on global markets: Rajan
Reserve Bank Governor Raghuram Rajan on Thursday said it was a 'worthwhile ambition' to pursue Make In India campaign but cautioned that the whole effort should not be made towards producing for overseas markets as global slowdown could create problems.
May 28, 2015, 19:51 PM IST
RBI issues draft norms for mass transport pre-paid cards
The Reserve Bank on Thursday issued draft guidelines for pre-paid payment instruments to be used in mass-transit systems which will also enable shopping inside the transport hubs.
May 28, 2015, 19:32 PM IST
Bank credit grows at 10.16%; deposits up 11.85%: RBI
Scheduled commercial banks' credit grew at 10.16 percent to Rs 66,32,101 crore in the fortnight ended May 15, according to the Reserve Bank data.
May 27, 2015, 22:05 PM IST
RBI may cut repo rate by 25 bps on June 2: Assocham
The Reserve Bank is likely to slash the benchmark interest rate by 0.25 percent to stimulate demand, with retail inflation at 4.87 percent in April, much below the apex bank's target of 6 percent by January 2016, according to Assocham.
May 27, 2015, 18:25 PM IST
FIIs/FPIs can invest up to 49% in Gammon Infra Projects: RBI
The Reserve Bank on Wednesday said FIIs and foreign portfolio investors (FPI) can now invest up to 49 percent in Gammon Infrastructure Projects Ltd.
May 27, 2015, 18:23 PM IST
RBI likely to cut policy rates by 0.25% on June 2: Citi
The Reserve Bank is likely to cut policy rates by 0.25 percent in its upcoming policy review meet next week, a Citigroup report said on Wednesday.
May 27, 2015, 17:20 PM IST
CEA pitches for rate cut by RBI, competitive rupee
Citing low inflation and under control fiscal deficit, Chief Economic Advisor Arvind Subramanian on Tuesday pitched for a rate cut by the Reserve Bank at its monetary policy review meeting next week.
May 26, 2015, 18:32 PM IST
Rupee loses ground, down 11 paise to 63.78 against dollar
The rupee depreciated by 11 paise to 63.78 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange due to appreciation of the American currency overseas riding on strong economic data.
May 20, 2015, 09:42 AM IST
FY14 credit growth slips to 13.7%: RBI
The gross outstanding credit of scheduled commercial banks rose 13.7 percent to Rs 62,82,100 crore in financial year 2013-14, a marginal decline from the previous fiscal when it registered an increase of 15 percent, the Reserve Bank said on Friday.
May 08, 2015, 18:14 PM IST
RBI grants more time to ARCs for realisation of stressed asset
The Reserve Bank of India on Thursday allowed asset reconstruction companies (ARCs) to extend the time period to realise stressed assets beyond eight years if a lenders' grouping is taking more than the specified period, subject to some conditions.
May 07, 2015, 22:50 PM IST
RBI to conduct repo auction under LAF tomorrow for Rs 20,000cr
The reversal of the 7-day variable rate repo will take place on May 15, 2015.
May 07, 2015, 22:15 PM IST
Non-food credit growth tumbles to multi-year low in FY15
Non-food credit grew at a tepid rate 8.6 percent in 2014-15 which is a multi-year low, the Reserve Bank has said.
May 02, 2015, 11:05 AM IST
RBI allows foreign investors to buy shares in Tata Chemicals
The Reserve Bank on Thursday said it has lifted the restrictions placed on foreign investors to buy further shares in Tata Chemicals as the prescribed limit has gone below the threshold.
Apr 30, 2015, 20:40 PM IST
RBI to cut rates next month and once more by year-end: Report
The RBI is likely to cut interest rates again next month, with analysts polled by Reuters forecasting a strong probability that will act ahead of scheduled policy meetings, as it has done so far this year.
Apr 24, 2015, 14:22 PM IST
