Tag: Reserve Bank of India

RBI Governor Urjit Patel steps down

Urjit Patel, the Governor of Reserve Bank of India has given his resignation from the post on Monday December 10. Patel said he was resigning on the account of personal reasons. “On account of personal reasons, I have decided to step down from my current position (RBI Governor) effective immediately.[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…]

Rahul hopes RBI Governor will show Modi ‘his place’

New Delhi: Congress President Rahul Gandhi on Monday charged the Centre with destroying institutions and hoped Reserve Bank of India (RBI) Governor Urjit Patel will show Prime Minister Narendra Modi “his place”. He accused Modi of attempting to “destroy the RBI” through his “puppets” and “cronies”. “Modi and his coterie[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…]

Who is RBI director Swaminathan Gurumurthy?

Who is new RBI director Swaminathan Gurumurthy?

Chartered Accountant and RSS idealogue Swaminathan Gurumurthy has been appointed as the new part-time, non-official directors on the central board of Reserve Bank of India. Gurumurthy, who is the co-convenor of RSS affiliate Swadeshi Jagaran Manch had gained recognition from his views on Swadeshi economics. Apart from CA, he is[Read More…]

New Rs 100 note brings worry to ATM operators

New Rs 100 note brings worry to ATM operators

Earlier this week, Reserve Bank of India (RBI) announced launching a new series of 100-rupee notes. However, the move has brought along a fresh headache for the major companies engaged in the manufacture and supply of Automatic Teller Machines (ATMs) in the country. Like the new post-demonetisation Rs 2,000, Rs[Read More…]

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