RBI
RBI weighs linking all new loans to RBI’s policy rates
19 Aug 2019
RBI has kept the external benchmark (lending rate) in abeyance because it wanted to see how the market evolved, RBI governor Shaktikanta Das said, adding that while the banks have responded, the process needs to be faster
RBI to allow 24/7 fund transfers through NEFT from December
08 Aug 2019
Besides expanding the bill payment network and smoothening the payment and settlement systems, the central bank also revised downward the risk weight for consumer credit, including personal loans, but excluding credit card receivables, to 100 per cent from 125 per cent or higher
RBI cuts repo rate by 35 bps to 5.40% in bid to boost consumption
07 Aug 2019
RBI’s Monetary Policy Committee in its third policy review of the current fiscal also reduced the growth rate to 6.9 per cent from 7 per cent in FY2019-20 and also decided to maintain the accommodative stance of monetary policy in view of sagging consumption growth
RBI lets banks sell NPAs abroad as one-time settlement
31 Jul 2019
The RBI move will allow companies and banks to raise cheap, long-term loans overseas, skirting the Insolvency and Bankruptcy Code process, which could again add to the huge amount of stressed assets in the economy
Jalan panel favours phased transfer of RBI surplus to govt
18 Jul 2019
While the centre is keen to get its hands on the entire contingency fund of Rs2.32 lakh crore, the Jalan panel is expected to propose annual transfers of Rs50,000 crore each from the reserve to the government
RBI wants all payment system data to be stored within the country
27 Jun 2019
While there is no bar on processing of payment transactions outside India, if so desired by the payment system operators (PSOs), RBI said such data should be deleted there and brought back to India within 24 hours
RBI Dy governor Viral Acharya resigns 6 months before term ends
24 Jun 2019
Although Acharya has not announced his plans yet, since the timing of his resignation coincides with the start of academic term in the US, he must probably be returning to academia
RBI sees a slackening of growth, may cut rates further
21 Jun 2019
RBI said since its policy announcement in April, there has been a sharp slowdown in investment activity along with a continuing moderation in private consumption growth, even as inflation rate remained well below RBI’s target rate
RBI panel suggests doubling Mudra loan ceiling for MSMEs to Rs20 lakh
19 Jun 2019
The revised loan limits would be applicable to more units once the government approves the proposal for a turnover-based criteria that has been set at Rs5 crore for micro units, up to Rs75 crore for small units and up to Rs250 crore for medium enterprises
RBI relaxes leverage ratio for banks
07 Jun 2019
RBI removes charges on RTGS/NEFT transactions in digital push
07 Jun 2019
While the charges for NEFT are in the range of Re1 to Rs5, and that for RTGS are between Rs5 and Rs50, the move is expected to attract more participants
RBI cuts interest rate by a further 25 bps to 5.75%
06 Jun 2019
The MPC also decided to change the stance of monetary policy from neutral to accommodative to support growth, while sticking to the medium-term target for consumer price inflation of 4 per cent within a band of (+/-) 2 per cent
RBI panel suggests deepening the digital payments ecosystem
04 Jun 2019
The committee, headed by Nandan Nilekani, has suggested that the government take the lead in digitisation of payments besides an increased focus on low value high volume low-cost transactions to achieve a ten-fold increase in digital payment volumes
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
.jpg "India, Nigeria agree on local currency settlement system")
