RBI
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
RBI to create specialised supervisory department
22 May 2019
The merger of its supervisory departments to form a specialised cadre is aimed at strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies
RBI envisions `safe, secure and affordable’ e-payment system
17 May 2019
The National Payments Corporation of India (NPCI), the RBI designated e-payments implementation body, however, sees a slowdown in the adoption of its RuPay cards despite onboarding more than 1,100 banks in the Universal Payment Interface backed system
RBI extends ombudsman scheme to NBFCs
26 Apr 2019
LVB-Indiabulls Housing Fin merger has no RBI sanction
08 Apr 2019
The All India Bank Employees' Association (AIBEA) has, meanwhile, urged RBI governor Shakthikanta Das to not allow the proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance Ltd and instead merge LVB with one of the public sector banks
RBI cuts policy repo rate by a further 25 bps to 6%
04 Apr 2019
RBI said the decision is in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4 per cent within a band of (+/-) 2 per cent, while supporting growth
Supreme Court strikes down RBI's 12 February circular on NPA resolution
02 Apr 2019
The RBI circular, issued on 12 February 2019, required banks to treat a company as a defaulter even if it misses repayment schedule by a day and had set a 180-day deadline for resolution of all bad loans over Rs2,000 crore under the Insolvency and Bankruptcy Code
RBI plans another $5 billion liquidity injection
02 Apr 2019
RBI to inject liquidity through $5 bn dollar-rupee swap
14 Mar 2019
Under the swap, a bank would sell US dollars to the RBI and simultaneously agree to buy the same amount of US dollars at the end of the swap period
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