RBI

Top five take-aways from Rahul Gandhi’s Rishikesh speech bashing Narendra Modi

In his rally Gandhi bashed Narendra Modi for dividing India on religious grounds and trying to erase the country’s history.

RBI slaps Rs 27 crore penalty on 13 banks including PNB and HDFC Bank for FEMA violations

In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, including PNB and HDFC Bank, while asking eight others including SBI and ICICI Bank to ensure strict compliance with guidelines.

RBI announces new scheme for resolution of stressed assets

The Scheme for Sustainable Structuring of Stressed Assets (S4A) will cover those projects which have started commercial operations and have outstanding loan of over Rs 500 crore.

No scope for ‘adventurism’ with payments banks: RBI

“MUNDRA (BCM27) No scope for ‘adventurism’ with payments banks: RBI

Mumbai, Jun 13 (PTI) Asserting there is no room for promoters to experiment with upcoming payments and small finance banks, RBI Deputy Governor S S Mundra today said there should not be any “adventurism”, and institutional progress of the entities will be monitored closely in formative stages”.

RBI to cut rates only if inflation ebbs: S S Mundra on CPI data

“INFLATION-RBI (BCM26) RBI to cut rates only if inflation ebbs: Mundra on CPI data

Mumbai, Jun 13 (PTI) After an upward swing in May inflation, RBI Deputy Governor S S Mundra today said the central bank will continue to monitor data and slash rates only if there is a decline in the number”.

CBI to hire tax experts from RBI, other financial institutions

CBI is looking for tax experts from RBI and other financial institutions to help it in probing high-profile cases including multi-crore rupees chit-fund scams and alleged loan fraud by businessman Vijay Mallya.

GDP number not ‘as accurate as possible’, says P Chidambaram

The steep decline in oil and commodity prices is a new phenomenon and I think the CSO is not equipped to construct credible growth numbers in such a situation.

RBI Governor doing a good job: Rajyavardhan Singh Rathore

RBI Governor Raghuram Rajan today came in for praise from Union Minister , who said Rajan is doing a “good job” and has controlled inflation.

Pay IT dues in advance to avoid last-minute rush, advises RBI

It has said that last minute rush for paying tax creates problems for both the RBI and the public. “To obviate the inconvenience involved, assessees are advised in their own interest to avoid last minute rush by remitting their Income tax dues sufficiently in advance of the due date,” an RBI release has said.

Raghuram Rajan’s second term: Don’t panic even if he quits, say investors

The reappointment, or not, of India’s central bank head Raghuram Rajan has caused enough of a stir to be known locally as “Rexit”, a play on Britain’s EU referendum, reflecting the esteem in which the governor is held at home and abroad.

RBI monetary policy: Here’s why Raghuraman Rajan ensured money doesn’t get any cheaper

Economists believe room for a 25-bps drop in repo but differ on timing

Bankers welcome RBI Governor’s dovish policy tone

“Inflation trajectory seems broadly in line with RBI prognosis, though we are fairly hopeful of inflation possibly undershooting the 5 per cent target set for March 2017…

Raghuram Rajan voices concerns over government’s bad bank proposal

With the government going ahead with the idea of creating a bad bank, Reserve Bank today made its concerns clear on the ownership of such a vehicle to tide over the bad loan menace, saying the lenders should hold a minority stake in any stressed assets fund.

Not perturbed over withdrawal of Payments Bank licences: Raghuram Rajan

RBI Governor Raghuram Rajan today said he is not “overly perturbed” by surrender of Payments Bank licences by some companies but indicated that there could be a mechanism to ensure that entities apply for licences after due diligence as there is a cost involved in vetting them.

RBI to set up panel to study issues facing fintech players

Reserve Bank is setting up a multi- disciplinary panel to understand financial technology (fintech) companies and create the right ecosystem for them.