RBI
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
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