The RBI also flagged that timely communication and clarification (from the NSE) could have averted the panic selloff by online traders on the BSE and prevented huge losses to investors.
RBI | azlyrics.org.uk
The Reserve Bank of India (RBI) may have to delay the start of monetary policy normalisation by three months amid rising Covid-19 cases, but barring the return of stringent lockdowns there is no significant threat to the economy’s recovery, analysts say.
The government and the Reserve Bank of India (RBI) have a similar stand on cryptocurrency, whose fate in the country will be decided by the bill proposed to be tabled during the current session of Parliament.
Still want crypto ban, RBI to government
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The Reserve Bank of India (RBI) is sticking to its stand over cryptocurrencies and has conveyed to the government its decision to seek a ban on such instruments, having already expressed its serious concerns.
The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public sector banks. This would mean that a big chunk of sticky loans would continue to remain on the books of banks.
The RBI’s state of the economy note has said that there is economic recovery with drop in Covid cases and “all engines of aggregate demand are starting to fire”. The central bank has also said that the only thing missing is private sector investment as even bank credit has started to pick up steam.
The Reserve Bank of India (RBI) wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with knowledge of the discussions said.
The Reserve Bank of India (RBI) bought a net $3.99 billion from the spot foreign exchange market in December compared to a net purchase of $10.26 billion in December, its monthly bulletin released on Monday showed.
RBI extends due date for NPCI-rival NUE
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The RBI has extended the deadline for submitting applications to set up a new umbrella entity (NUE) in the payments system that will rival the National Payments Corporation of India (NPCI). Earlier, interested parties were to submit their application by February 26, which has now been extended to March 31.
The Reserve Bank of India has said that the current inflation target of 2-6% should continue for the next five years as consumers still have expectations of an elevated inflation. The central bank’s statement comes at a time when some commentators have said that it should be more tolerant of inflation in the wake of … Continue reading Need same inflation target for 5 more yrs: RBI
RBI governor Shaktikanta Das has again called upon the central and state governments to take coordinated action and cut down taxes on petrol and diesel as these are cost-push factors.
Reserve Bank of India governor Shaktikanta Das on Thursday said that India is at the cusp of turnaround in fortunes with sectors recovering from Covid-induced slowdowns. Highlighting that India now supplies more than half of the global demand for vaccines, the RBI governor emphasised that corporate sector needs to invest more in healthcare to create … Continue reading India at cusp of turnaround in fortunes: RBI guv
Reserve Bank of India (RBI) governor told investors on Wednesday to trust the bank to manage the government’s massive borrowing programme, after the bond market suffered a sustained sell-off following the 2021-22 budget announcement earlier this month.
The Reserve Bank of India (RBI) is concerned over the impact cryptocurrencies may have on the financial stability in the economy and has conveyed the same to the government, Governor Shaktikanta Das said on Wednesday.
The potential owners of the soon-to-be privatised government-controlled banks must be financially strong to ensure that the lenders have robust risk buffers, the Reserve Bank of India (RBI) governor said.
The Reserve Bank on Wednesday announced open market operations for sale as well as purchase of government securities for Rs 15,000 crore each. On a review of current liquidity and financial conditions, the central bank has decided to conduct simultaneous purchase and sale of government securities under OMO for an aggregate amount of Rs 15,000 … Continue reading RBI to conduct simultaneous sale-purchase of G-Secs
RBI tightens norms for e-payments
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The Reserve Bank of India (RBI) has tightened payment security norms, making banks and other regulated entities more responsible for apps provided by third parties. In its new directive on digital payments security control, the central bank has got down to the minutiae of the transactions.
The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their savings account for a period of six months.
Holding that banks cannot wash off their hands towards their customers for the operation of lockers, the Supreme Court Friday directed the Reserve Bank of India (RBI) to lay down regulations within six months mandating the steps to be taken by banks with respect to locker facility management.
Piramal Group said on Thursday that the Reserve Bank of India (RBI) has approved its takeover of Dewan Housing Finance Corp, once the country’s fourth largest housing finance company, before it defaulted on its debt.
Finance Minister Nirmala Sitharaman on Tuesday explained the government’s priorities to the Reserve Bank of India’s (RBI) central board during their first meeting after presentation of the Union Budget 2021-22.
The Reserve Bank of India (RBI) said on Monday that it will conduct simultaneous sale and purchase of government bonds under special open market operations (OMOs) on February 25.
The Reserve Bank of India’s strategy to shift some of its currency intervention to the forwards market is adding to its problems. Its balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds, prompting a vicious cycle of interventions.
India’s central bank will target to buy more than Rs 3 lakh crore ($41 billion) of sovereign bonds in the year starting April 1 to cap benchmark yields at about 6%, according to a person familiar with the matter.
The Reserve Bank of India (RBI) on Monday announced its plan to buy bonds worth Rs 20,000 crore under Open Market Operations (OMO) to support the government’s borrowing programme.
Finance minister Nirmala Sitharaman on Sunday said the government will work with the Reserve Bank for execution of the bank privatisation plan announced in the budget.
The Reserve Bank of India (RBI) on Friday kept interest rates on hold but promised to retain the policy stance as accommodative to support growth as long as it was required to aid recovery.
Ten months after his post-lockdown press conference, governor Shaktikanta Das was a picture of confidence on Friday. “We have been tracking a list of high-speed indicators. In almost all segments, we are seeing a growth of demand. It has now moved from pent-up demand and, as the lockdown gets lifted, the demand curve is expected … Continue reading This isn’t just pent-up demand: RBI governor Das
The RBI said on Friday that retail investors would very soon be able to directly buy and sell government securities (G-Secs). A difficult proposition now, once it is allowed, it could open up another avenue for retail investors to look at government-guaranteed, low-risk products for long-term investment.