RBI board member Manish Sabharwal, who is the chairman of Teamlease Services, also said the country needs immediate reforms in banking, compliance, labour laws and education because "hope is not a strategy".
The Reserve Bank of India (RBI) on Monday announced that it will conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore each on September 10, the central bank said.
The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms with a view to improving efficacy of internal audit and risk management systems.
The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure.
The Reserve Bank of India (RBI) has approved the appointment of Murali Ramakrishnan as the MD and CEO of South Indian Bank with effect from October 1.
As per the latest RBI guidelines, a bank opening a dedicated current account of any company with Rs 50 crore or more in debt must have at least 10 per cent loan exposure in the concerned business entity.
The Centre and RBI on Tuesday told the Supreme Court that the moratorium period on repayment of loans amid the COVID-19 pandemic is “extendable” by two years.
RBI has announced term repo operations totalling Rs 1 lakh crore in mid-September to ease pressure on the liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth.
EMI Moratorium: The six-month moratorium period comes to an end on August 31. Several bankers had asked RBI Governor Shaktikanta Das not to extend the moratorium as many are taking undue advantage of the facility
Feeling the heat of the financial crisis arising out the coronavirus pandemic, the Sabarimala Temple in Pathanamthitta district, Kerala is planning to tap on massive gold reserve in its vaults. The Travancore Devasom Board (TDB) is planning to approach the Reserve Bank of India for gold loans.
The report noted that the deterioration in the macroeconomic and financial environment is impinging on asset quality, capital adequacy and profitability of banks.
The Reserve Bank of India (RBI) on Tuesday announced that it will again conduct simultaneous purchase and sale of government securities under the open market operation (OMO) for Rs 20,000 crore in two tranches of Rs 10,000 crore each. The auctions will be conducted on August 27 and September 3.
The Delhi High Court on Monday sought the response of the Central government, the Reserve Bank of India (RBI) and others on a petition seeking action against UPI payment app Google Pay for allegedly violating RBI guidelines related to data localisation, storage and sharing norms.
The report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good.
The Reserve Bank of India (RBI) had cut rates by 1.15 per cent in two moves since the onset of the pandemic in March this year in order to push economic growth, but surprised many by holding on to rates at the August review as inflation overshot its target.
The NSFE 2020-25 intends to support the Centre and financial sector regulators' vision of empowering various sections of society to "develop adequate knowledge, skills, attitudes and behaviour which are needed to manage their money better and to plan for the future".
The rupee pared its initial gains to settle 6 paise lower at 74.82 against the US dollar on Wednesday due to suspected RBI intervention and uncertainty ahead of the release of minutes of the US Federal Reserve meeting.
Yes Bank shares hit the 5 per cent upper circuit on Wednesday after its Chairman said the bank has repaid Rs 35,000 crore to the Reserve Bank of India (RBI) of the special liquidity facility provided by the Central bank.
The Reserve Bank of India on Monday announced sale of three government dated securities totalling Rs 30,000 crore. The securities will be sold through the Reserve Bank of India's Mumbai office on August 21 (Friday).
The decision was taken at the 584th meeting of the Central Board of the Reserve Bank of India chaired by Governor Shaktikanta Das.
Top News
Latest News
