[ad_1] India’s central bank, the Reserve Bank of India (RBI), is set to ramp up the liquidity in the nation’s banking system through the infusion of $16 billion by next week amid the large tax outflows, reported the news agency Reuters. The central bank has doubled the amount of government securities that the nation aims…
[ad_1] The Reserve Bank of India (RBI) on Friday, February 14, superseded the board of Maharashtra-based New India Co-operative Bank for 12 months, one day after imposing several restrictions, due to poor governance standards and irregularities in its lending business. The RBI has barred account holders and depositors from withdrawing money from the lender for…
[ad_1] With a new governor at the helm, the Reserve Bank of India’s (RBI’s) monetary policy stance will be watched very closely this time. If RBI signals a shift to an easy-money policy, it will ease concerns relating to the growth slowdown. But it will raise concerns about inflation at a time when a weak…
[ad_1] The Reserve Bank of India (RBI) is planning to raise the maximum fees that banks can charge customers for exceeding the “free five transactions” limit and the ATM interchange fees, reported the Hindu BusinessLine news portal, citing people aware of the development on Tuesday, February 4. This increase in charges will mean that banking…
[ad_1] MUMBAI, Jan 24 (Reuters) – The Reserve Bank of India (RBI) made net purchases of government bonds in the secondary market last week, marking the first such operation in over three years, data released on Friday showed. The RBI net bought bonds worth 101.75 billion rupees ($1.18 billion) in the week ending Jan. 17….
[ad_1] But high global uncertainty prevails. How long will the Gaza accord last? War is still ongoing in Ukraine, as are civil wars in Sudan and Congo. Most disruptive of all, US President Donald Trump’s inaugural address made clear that he will do much of what he had threatened—massive deportation of illegal and legal migrants;…
[ad_1] (Bloomberg Opinion) — Twice a year, the Reserve Bank of India reviews the stability of the country’s financial system. Its latest report made for good headlines: The proportion of loans that have gone sour is at a multiyear low, and likely to decline further. But buried in the report is a warning from the…
[ad_1] The tenure of Michael Patra, the Reserve Bank of India’s deputy governor, will end on Wednesday, January 15. Patra’s term, which would have originally ended around the same time in 2024, was extended by one year by the central government. RBI deputy governor’s tenure to end A deputy governor appointed by the Reserve Bank…
[ad_1] The gap between fresh deposits and non-food credit widened to over â‚ą2 trillion in 2024, higher than â‚ą1.3 trillion in the previous year. Non-food credit is bank credit adjusted for loans given to the Food Corporation of India (FCI). In 2022, per RBI data, banks added more loans than deposits and the gap between…
[ad_1] Mumbai: India’s capital markets regulator is set to ease the registration of foreign portfolio investors (FPIs) if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to â‚ą50,000 crore. The Securities and Exchange Board of India’s (Sebi) whole time member Ananth…
