The Government deliberated over its borrowing programme for 2018-19 and finalised its borrowing calendar for the first half of 2018-19. Government had...
RBI Bars Banks from Issuing LoUs Over PNB -Nirav Modi Fraud Case Fallout
Letters of Credit and Bank Guarantees for Trade Credits for imports into India may continue to be issued subject to compliance with the provisions con...
Know What RBI has Done for Demonetized Currency Notes
Demonetised Rs 500 and Rs 1,000 notes, which have been counted and processed for genuineness, are shredded and briquetted before being disposed of thr...
Banking Regulator Cannot Catch, Prevent Banking Frauds: Urjit Patel
Banking Regulator Cannot Catch, Prevent Banking Frauds says Urjit Patel, "RBI had issued precise instructions via three circulars in 2016 to all banks...
RBI May Not Cut Rates in 2018 Despite Dip in Inflation
Risks like the higher minimum support prices (MSPs) for food grains promised in the budget. According to experts and economists, this factor can push ...
RBI Slams 5 Crore Fine on Airtel Payments Bank
The Reserve Bank of India (RBI) imposed a penalty of Rs 5 crore on Airtel Payments Bank, the financial services arm of Bharti Airtel Limited, for viol...
Morgan Stanley Predicts that RBI’s Upcoming MPC Might have Interest Rates Hike
Morgan Stanley's base case assessment remains that "the RBI will hike in 4Q18. However, considering that we see upside risks to our inflation forecast...
Ensuring Better Credit Flow for MSMEs is Our Priority: Arvind Subramanian
Arvind Subramanian said that the economy can achieve a dynamic status only when small-scale units are encouraged and in due course, they grow adding t...
RBI is Ready to Infuse Cash into Banks by March-End
The Reserve Bank of India will be ready to inject adequate amount of extra cash into banks if needed ahead of March-end to give flexibility to lenders...
NPA Issue: Large Corporate are Considered by RBI But Silence Maintained on MSMEs
More over recently RBI announced an extension of up to 180 days to MSMEs to clear their loans to banks considering the NPA issue and till then consid...