Tag: RBI
17 Results
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Cut and Cure?
Meanwhile, one can only hope that the massive loss of jobs in the automotive sector will move Modi 2 to accepting the plight of the economy because the farm sector job losses certainly did not.
August 13, 2019 -
Loans to get cheaper as RBI cuts repo rate by 35 bps to 5.4%; GDP growth rate down at 6.9%
This is the fourth reduction in repo rate during 2019.
August 7, 2019 -
No blanket crypto trading ban yet in India
'Presently, there is no separate law for dealing with issues relating to cryptocurrencies. Hence, all concerned departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.'
July 20, 2019 -
Signal of intent~I
Jobs ~ the most urgent problem facing the nation ~ also got much less focus than it deserved. A Finance Ministers job is a tightrope balancing walk and some compromises are necessary, especially so because the budget was presented amidst unmistakable signs of a slowing economy.
July 17, 2019 -
RBI to come out with mobile app for currency notes identification
At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Centre.
July 14, 2019 -
After RBI order, State Bank of India waives IMPS, NEFT, RTGS charges
Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route.
July 12, 2019 -
RBI appoints Misra additional director of JK Bank
"He shall hold office during the pleasure of Reserve Bank of India, and subject thereto, for a period of two years up to July 2, 2021 or till further orders, whichever is earlier", reads the order.
July 4, 2019 -
RBI Deputy Governor Viral Acharya quits 6 months before his term ends
Acharya submitted a letter to the RBI informing that due to 'unavoidable personal circumstances' he is unable to continue his term beyond July 23, 2019.
June 24, 2019 -
Talk about delimitation of assembly constituencies in J-K a rumour: Governor Malik
Malik, who was talking to media persons in Srinagar, urged the Kashmiri youth to give up militancy as neither “azaadi” nor autonomy was possible.
June 12, 2019 -
RBI approves Chhibber’s appointment as interim CMD of J&K Bank
Ahmad's removal is part of action taken by Anti-Corruption Bureau, which was established a few months ago in the state.
June 10, 2019 -
RBI’s revised NPA circular credit positive: Moody’s
"Extension of the circular to non-bank finance companies (NBFCs) will help align the loan-loss provisioning norms for the large stressed accounts of NBFCs with commercial banks."
June 10, 2019 -
ACB registers corruption FIR against JK Bank
Immediately after the registration of FIR, searches of premises of Corporate Office J&K Bank Head Quarters and during search operations documents pertaining to the appointments were seized.
June 9, 2019 -
Government appoints search committee for new managing director of J&K Bank
A spokesman of the state government said on Saturday evening that the J&K Bank has also been directed repeatedly by the Reserve Bank of India (RBI) to separate the positions of Chairman and Managing Director for better governance.
June 9, 2019 -
India has 597 ATMs less in 2019 than 2017: RBI report
However, in terms of the number of ATMs deployed, India is next only to China, recording a strong compound annual growth rate of 14 per cent in the period between 2012 and 2017.
June 8, 2019 -
HDFC Bank removes S.R. Batliboi as statutory auditors
The bank said in a stock exchange filing it has appointed MSKA and Associates for a period of four years with effect from the financial year 2019-20, subject to the approval of the RBI and company shareholders.
June 7, 2019 -
Rupee opens marginally higher post RBI policy decision
Forex traders said investors welcomed the RBI policy decision as this would help to boost the slowing economy.
June 7, 2019 -
Rupee ends almost flat at 69.28 against dollar after RBI cuts rate
The Indian rupee recouped most of its early losses and closed marginally lower at 69.28 to the US dollar after the Reserve Bank in a widely expected move cut key interest rates by 0.25 percentage point.
June 6, 2019