Tag: RBI
17 Results
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PSBs continue with 180 days to resolve Jet
Official sources in the Finance Ministry said that banks have informed the ministry that they were not ready to wait endlessly to restore health of the beleaguered airline and if attempts to bring in a strategic investor fails or is not completed by June 30, lenders may immediately initiate bankruptcy proceedings against Jet.
April 7, 2019 -
Will continue to lower tax rates if voted to power: Arun Jaitley after RBI’s big interest rate cut
The minister said that over the last 5 years the government did not increase tax rates, and in some cases doubled tax base and increased tax collection.
April 5, 2019 -
RBI cuts key interest rate by 25 basis points to 6%, loan EMIs likely to get cheaper
This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February.
April 4, 2019 -
RBI circular: SC verdict credit negative for Indian banks, says Moody’s
The rating agency says the decision will delay the resolution of non-performing loans
April 4, 2019 -
Industrial credit rose to 5.2% in January: Report
Further, the mining industry witnessed an 18.1 per cent increase in credit, while the loans provided to the metals sector fell 10.3 per cent.
March 14, 2019 -
RBI says no data on demonetised Rs 500, 1,000 notes used at petrol pumps
On November 25, 2016, the exchange of old notes was stopped and the government allowed the use of only old 500 rupee notes at these utilities till December 15, 2016.
March 10, 2019 -
State Bank of India to lower interest rates for short-term borrowers
SBI said it will link the savings bank deposits, with balance above Rs 1 lakh to the repo rate with current effective rate being 3.50 per cent per annum, which is 2.75 per cent below the present repo rate.
March 9, 2019 -
Ahead of elections, RBI board approves Rs 28000 crore interim dividend to government
This is the second successive year that the RBI will be transferring an interim surplus; the government received Rs 40000 crore from the central bank during fiscal 2018-19
February 19, 2019 -
Sensex drops over 150 pts ahead of RBI board meet
The BSE benchmark Sensex on Monday fell over 150 points, led by weakness in auto, IT and financial stocks amid heavy selling by foreign institutional investors, as investors turned cautious ahead of RBI's board meet.
February 18, 2019 -
Arun Jaitley to address RBI Central Board of Directors today
In a post-budget exercise, the Finance Minister may discuss among other issues an action plan for the fiscal consolidation for the coming months
February 18, 2019 -
From Mudra to NPA
There is little doubt that the seeds of failure were contained either in the scheme or the political motivation behind it because sound economic motivation would not have driven mission Mudra to such dire straits so quickly.
February 8, 2019 -
Loans may get cheaper as RBI cuts repo rate by 25 basis points to 6.25%; stance changed to ‘neutral’
Addressing the media on monetary policy, Das said the GDP growth has been projected at 7.4 per cent for 2019-20.
February 7, 2019 -
Sensex closes 358 points up on hopes of rate cut
The BSE Sensex closed 358.42 points or 0.98 per cent higher at 36,975.23, while the Nifty finished the trade 128 points or 1.17 per cent higher at 11,062.45.
February 6, 2019 -
Sovereign gold bonds on sale at Rs 3,214: Government
Investors who apply and make payment online for the Sovereign Gold Bond Scheme 2018-19 – Series V will get a discount of Rs 50 per gram.
January 12, 2019 -
RBI to soon release new Rs 20 bank note
The new look notes are being introduced since November 2016 under Mahatma Gandhi (New) series.
December 25, 2018 -
India’s foreign exchange reserves down by USD 613.9 million
FCAs, the largest component of the forex reserves, edged lower by $631.6 million to $367.86 billion during the week ended December 14.
December 22, 2018 -
Prompt corrective action?
That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.
December 17, 2018