RBI
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