FM wants interest rates lot lower; no difference with RBI
Despite two interest rate cuts this year by the Reserve Bank, Finance Minister Arun Jaitley on Tuesday said he wants interest rate to be "a lot lower".
Apr 14, 2015, 21:26 PM IST
RBI proposes tough outsourcing norms for NBFCs
The Reserve Bank proposed tough guidelines for outsourcing of work by NBFCs to ensure that their recovery agents do not resort to intimidation or harassment, either verbal or physical of borrowers.
Apr 11, 2015, 08:54 AM IST
Full rupee convertibility in a few years: Raghuram Rajan
Reserve Bank Governor Raghuram Rajan on Friday said the central bank is looking at allowing full capital account convertibility in a few years.
Apr 10, 2015, 20:31 PM IST
Rajan sees 'great' changes in banking sector
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years with the entry of new players, including a postal bank possibly, while public sector lenders will be the biggest "change agents".
Apr 10, 2015, 18:01 PM IST
Former RBI Deputy Governor Anand Sinha joins PE fund KKR
Global private equity fund KKR on Thursday said former Reserve Bank Deputy Governor Anand Sinha has joined the firm as an industry advisor.
Apr 09, 2015, 12:02 PM IST
RBI allows banks to invest in long-term infrastructure bonds
In a bid to boost infrastructure investment, the Reserve Bank on Tuesday allowed banks to invest in long-term infrastructure bonds issued by other banks.
Apr 07, 2015, 13:44 PM IST
RBI notifies relaxation on investor positions in ETCD market
The Reserve Bank on Tuesday notified relaxation of investor positions in the exchange-traded currency derivatives (ETCD) market.
Mar 31, 2015, 23:28 PM IST
RBI imposes Rs 5 lakh fine on 16 banks for violation of norms
The Reserve Bank on Tuesday penalised 16 central cooperative banks with a fine of Rs 5 lakh each for non-adherence of the Know Your Customer and Anti-Money Laundering guidelines.
Mar 31, 2015, 23:27 PM IST
Credit growth slows to 9.4% in February
The Reserve Bank on Tuesday said slowdown in loan pick-up by corporates continued to compress credit growth, with non-food lending expansion falling below the double-digit mark to 9.4 percent in February.
Mar 31, 2015, 20:45 PM IST
Over 164 cr pieces of pre-2005 rupee notes shredded
Over 164 crore pieces of pre-2005 currency notes of various denominations, including Rs 1,000, were shredded in regional offices of Reserve Bank in 13-month period ending January 2015, Parliament was informed on Friday.
Mar 20, 2015, 18:16 PM IST
RBI allows FIIs to invest upto 49% of paid up capital in Lupin
The Reserve Bank on Thursday said foreign institutional investors and registered foreign portfolios investors can now invest up to 49 percent of the paid-up capital in Lupin Ltd under Portfolio Investment Scheme (PIS).
Feb 12, 2015, 21:37 PM IST
RBI to issue Rs 10 bank notes with rupee symbol and letter N
Reserve Bank on Thursday said it will soon issue Rs 10 denomination bank notes in the 'Mahatma Gandhi Series-2005', incorporating rupee symbol and inset letter 'N' in the numbering panel.
Feb 12, 2015, 21:30 PM IST
Payment bank: Mahindra Finance in talks with IFC for JV
Tech Mahindra on Wednesday said its sister company Mahindra Finance will become equal shareholder if the Reserve Bank clears its payment bank licence, and the company is also in talks with the World Bank Group member IFC for a partnership in the foray.
Feb 11, 2015, 19:17 PM IST
RBI asks banks to tighten monitoring of export finance
The Reserve Bank has asked banks to tighten monitoring of export finance in the wake the over- invoicing scam recently detected by Enforcement Directorate.
Feb 10, 2015, 17:26 PM IST
Ex-RBI Guv Subbarao against loan waiver schemes
Former Reserve Bank Governor D Subbarao today said that he is not in favour of farm loan waiver schemes being implemented by the governments of Andhra Pradesh and Telangana.
Feb 06, 2015, 18:20 PM IST
RBI permits banks to re-issue G-Sec under repo window
The Reserve Bank on Thursday permitted banks and other market participants to re-issue government securities with the objective of developing the term repo or money market.
Feb 05, 2015, 20:33 PM IST
RBI unveils countercyclical capital buffer norms for banks
The Reserve Bank on Thursday issued guidelines with the two-fold aim of ensuring capital buffer for difficult times and restricting banks from indiscriminate lending during the periods of excess credit growth.
Feb 05, 2015, 20:31 PM IST
RBI relaxes norms to boost foreign investment
The Reserve Bank on Tuesday decided to liberalise FDI norms by allowing greater flexibility in the pricing of instruments with a view to attract more investments from overseas.
Feb 03, 2015, 22:35 PM IST
Fed tapering, increasing hot money: Rajan rules out 2013 repeat
Reserve Bank Governor Raghuram Rajan on Tuesday said though the country may get impacted by the spillover effects of the loose monetary policies in advanced economies, the economy is well prepared to cope with it.
Feb 03, 2015, 21:17 PM IST
RBI-Sebi close to reaching pact on valuation of troubled companies
The Reserve Bank and market regulator Sebi are close to reaching an agreement for providing waiver of existing norms to banks while they restructure debt into equity with the objective of minimising losses.
Feb 03, 2015, 20:48 PM IST
