RBI
Cabinet nod for merger of Vijaya Bank and Dena Bank into Bank of Baroda
02 Jan 2019
The merger will combine the advantages of Dena Bank's relatively higher access to low-cost CASA deposits, Vijaya Bank's profitability and availability of capital for growth, and the extensive and global network and offerings of BoB
RBI allows one-time restructuring of MSME loans up to Rs25 cr
02 Jan 2019
MSME loans worth up to Rs25 crore in the default but standard category as on 1 January 2019 will be allowed a one-time restructuring, "without an asset classification downgrade" RBI said
RBI rules out dilution of bank capital norms
31 Dec 2018
While recent data for the first half of fiscal 2018-19 indicated a stabilisation in non-performing assets (NPAs), this is at an elevated level and capital positions stands buffered and the provision coverage ratio has improved, RBI noted
Bimal Jalan heads panel on RBI’s economic capital framework
27 Dec 2018
The panel will decide on the appropriate size of reserves to be maintained by RBI as per public policy mandate, including financial stability considerations, to assess the extent of the profits that can be transferred to the government
Now government wants interim dividend from RBI
20 Dec 2018
According to earlier reports, the government is seeking 3,60,000 crore out of RBI’s over 9,00,000 crore reserves, which include gold, foreign currencies, SDR, sovereign bonds etc
PSBs seek roll-back of Rajan-Urjit regulations
14 Dec 2018
Public sector banks are in a strange situation with 11 of the 21 PSBs under prompt corrective action (PCA) and face restrictions on their lending activity, which in turn make their turnaround more difficult
Former bureaucrat Shaktikanta Das appointed RBI governor
11 Dec 2018
Das, an experienced bureaucrat who has held key positions both under the ruling BJP as well the previous UPA government, had also worked closely with the central bank and is currently a member of the Finance Commission of India and government’s representative at the G 20 summits
Reserve Bank governor Urjit Patel resigns
10 Dec 2018
While a brief statement from the governor carried on the RBI website said he was stepping down for "personal reasons," the fact that the resignation is the result of developments that indicated the government wanted RBI as its extension is clear to all
Kotak Mahindra moves Bombay HC against RBI’s promoter share ruling
10 Dec 2018
The bank said it had clarified and conveyed to the RBI its position that the issue of perpetual non-convertible preference shares for dilution of shareholding is permissible under the Banking Regulation Act
RBI to trim banks’ liquidity reserve ratio to 18% in 6 quarters
06 Dec 2018
Since the reduction in SLR from 19.5 per cent to 18 per cent will limit banks’ need for government securities, finance ministry officials say the measure that will help release over Rs1,00,000 crore of liquidity into the system will have some implications for the government securities
RBI keeps policy repo rate unchanged at 6.5%
05 Dec 2018
The RBI noted a declining trend in consumer price inflation with year-on-year inflation falling from 3.7 per cent in September to 3.3 per cent in October, pulled down by a large fall in food prices
RBI to ease banks’ capital adequacy norms, boost liquidity
20 Nov 2018
The RBI at the board meeting decided to relax Basel III capital norms for banks that will free up Rs2,50,000 crore to Rs3,00,000 crore of cash for onward lending
Govt pins hopes on its nominees as RBI board meeting continues
19 Nov 2018
The ongoing meeting of the Reserve Bank of India board is likely to find new ways to ease tension between the government and the central bank and ease credit flow
Gurumurthy backs govt stand on credit liberalisation
16 Nov 2018
Government’s man on RBI board said the Rs9.6 lakh reserve is the highest for any central bank and that prompt corrective action should not be a deterrent to credit flows
Former RBI chief Raghuram Rajan backs RBI’s autonomy call
06 Nov 2018
While Rajan commended RBI’s warning of risks stemming from government meddling of central bank affairs, he also said the RBI could inject liquidity to ease any cash crunch at financial institutions
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India’s Millet Revolution To Enrich Global Food Basket
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