Tag: RBI

RBI cuts repo rate by 25 base points to 6% from 6.25%

RBI cuts repo rate by 25 base points to 6% from 6.25%

Mumbai: In the first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent. Muted growth and subdued inflation prompted the Reserve Bank of India (RBI) on Thursday[Read More…]

Shaktikanta Das appointed new RBI governor

Shaktikanta Das appointed new RBI governor

Shaktikanta Das has been appointed new Reserve Bank of India (RBI) governor for three years term. Das is a retired 1980 batch IAS officer of Tamil Nadu cadre. He has served as the Economic Affairs Secretary of India from August 2016 to May 2017. He currently is a member of[Read More…]

RBI to pump liquidity worth Rs 8,000 cr on Nov 22

RBI to pump liquidity worth Rs 8,000 cr on Nov 22

Mumbai: The Reserve Bank of India (RBI) would inject Rs 8,000 crore into the market by purchasing government securities on November 22, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. “Based on an assessment of[Read More…]

RBI consultation to change 25 bps cut norm soon

RBI to pump liquidity worth Rs 12,000 cr on Nov 15

Mumbai: The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. “Based on an assessment of[Read More…]

Bankers scratch heads as RBI uses Tharoor's 'floccinaucinihilipilification' during monetary policy meeting

17 NBFCs surrender their Certificate of Registration to RBI

After lots of speculations and guesswork, 17 Non-Banking Financial Companies (NBFCs ) surrendered their Certificate of Registration which was granted to them by the Reserve Bank of India in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore canceled[Read More…]

Modi a pickpocket, Mamata his associate: Yechury

Modi government can’t handle its own appointees: Yechury

New Delhi: Taking a dig at the RBI-government rift that came out in the open, CPI-M General Secretary Sitaram Yechury on Wednesday said the Modi government could not even handle its “own appointees” besides other crucial matters. “As even routine governance falters and slips, the economy slumps further. This government[Read More…]

What is stretching the rift between RBI and government?

What is stretching the rift between RBI and government?

Brewing for over a year, now the rift between RBI and government seems to have reached to the boiling point with an almost complete breakdown in communication. The recent speech by the Deputy Governor of the Reserve Bank of India, Viral Acharya drove further tension in the already strained relationship[Read More…]

RBI consultation to change 25 bps cut norm soon

RBI unlikely to hike rates in rest of FY19: SBI report

Mumbai: The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, a SBI Ecowrap report said on Saturday. “CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly, on a m-o-m basis, rural food inflation has registered a decline, even[Read More…]

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