Tag: reserve bank of india

MPC meet: RBI likely to maintain status quo on interest rate

Amid fears of a third wave of coronavirus pandemic and hardening of retail inflation, the Reserve Bank is likely to maintain status quo on interest...

Market ahead: Growth worries to keep leash on Nifty50 as all eyes turn to RBI

MUMBAI: Despite the dovishness expressed by the US Federal Reserve on Wednesday and what has been a reasonably strong June quarter earnings season, Nifty50 has...

RBI: Markets see no RBI normalisation till end 2021; GDP trumps inflation worry

NEW DELHI: When the Reserve Bank of India’s Monetary Policy Committee sits down for its bimonthly policy review next week, it will have a few...

India’s inflation situation ‘very alarming’; needs better curation of policy between RBI, FinMin: Kaushik Basu

India’s wholesale price-based inflation is at a 30-year high, leading to a “very alarming” situation for the country, former World Bank chief economist Kaushik Basu...

Inflation: High inflation & liquidity, bubble in asset prices: What can RBI do now?

NEW DELHI: In the 1960s, economists John Fleming and Robert Mundell developed a theory referred to as the Impossible Trinity, which claimed that no central...

26/11: Biden administration proposes extraditing Tahawwur Rana to India in court

The Biden administration has urged a federal court in Los Angeles to extradite Pakistani-origin Canadian businessman Tahawwur Rana to India where he is sought for...

NPCI in talks to take UPI, RuPay to global markets

National Payment Corporation of India (NPCI) is in talks with several global agencies to expand the global footprint of indigenous payment networks RuPay and UPI...

Sorry, no Mastercard? Making sense of RBI’s clampdown on US payments network

Mastercard Inc. has been told not to issue new cards in India. It’s a move that underscores the urgent need of a U.S.-led digital trade...

Financial inclusion will continue to be a policy priority after pandemic: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a “policy priority” for the central to make the post-pandemic recovery more...

raghuram rajan: Indian needs foreign exchange reserves buffer to tackle exchange rate volatility: Raghuram Rajan

India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have “no friends” for swap lines and Japan was the...

Explained: Why did Modi government form a new cooperation ministry

(This story originally appeared in on Jul 11, 2021) NEW DELHI: The Modi government’s announcement to create a separate ‘Ministry of Co-operation’ has come as...

Price shock has this $29 billion debt manager expecting hawkish RBI

By Ronojoy Mazumdar India’s central bank may signal the start of a normalization of its accommodative monetary policy at its August meeting amid accelerating inflation...

Overdue FDs to earn lower interest after this RBI tweak; what you should do

The Reserve Bank of India (RBI) has amended the rules regarding how banks will pay interest on overdue, unclaimed fixed deposits (FDs). As per the...

India’s post pandemic recovery could be uneven: Deepak Parekh

Housing Corp (HDFC) chairman Deepak Parekh believes that the Indian economic recovery could be `patchy and uneven’ as it would be with the rest of...

Auto companies warm up to invoice discounting to boost suppliers’ cash flow

The automotive industry in the country is increasingly adopting the concept of invoice discounting to access capital at a relatively lower rate of interest and...

Carlyle deal: PNB Housing Finance holds EGM

held its much-awaited extraordinary general meeting (EGM) on Tuesday to seek shareholders’ approval for a Rs 4,000 crore capital infusion into the company led by...

DIPAM seeks bids for transaction advisor for IDBI Bank strategic disinvestment, last date July 13

The department of investment and public asset management (DIPAM) Tuesday issued a request for proposal for appointing transaction advisor for strategic disinvestment and transfer of...

PMC Bank depositors should get back deposits without any condition: NCUI

Cooperative body NCUI has welcomed the RBI’s in-principal nod to Centrum Financial Services for the takeover of PMC Bank, but said all depositors should get...

RBI has taken steps to smoothen impact of second COVID wave, says Deputy Governor Jain

Asserting that the second wave of COVID-19 has posed some challenges, RBI Deputy Governor M K Jain on Friday said both the central bank and...

Banks may drop overseeing panel for quicker resolution

Banks soon won’t need to approach the overseeing committee (OC) to get resolution plans for stressed assets vetted, a measure that could shorten the time...

RBI economists call rising inflation transitory, owing to pent-up demand

India’s inflation may have breached the prescribed target for the Reserve Bank of India, but the economists at the central bank believe that it may...

PNB scam: CBI files supplementary chargesheet against ex-official of Gitanjali Group of Companies

The CBI has filed a chargesheet against the former international head of the Gitanjali Group of Companies, Sunil Verma, and others in connection with an...

Microfinance may get the freedom to bloom

Differentiated lending rates and new product development is likely to drive India’s microfinance market going forward with the Reserve Bank of India planning to create...

RBI proposes to cap borrowers’ repayment outgo, scrap lending rate ceiling in uniform microfinance regulations

The Reserve Bank of India has suggested capping the total repayment outflow from a household to half of the annual income of the economically weaker...

PSU bank privatisation plan could face hurdles amid Covid: Fitch

Fitch Ratings on Monday said the plan to privatise two state-owned banks in the current financial year ending March 2022 could face delays amid renewed...