Tag Archives: reserve bank of india

RBI proposes framework for acceptable bids at auctions to underwriters

By | July 3, 2021

The Reserve Bank of India wrote to primary dealers proposing a framework for defining acceptable bids at auctions, as underwriters are having to step in to rescue more bond sales. RBI wants to define any bids that have a spread of more than two basis points from secondary market yields as outliers, according to… Read More »

Economy not as hard hit as 1st wave, uncertainties remain: RBI Report

By | May 27, 2021

India’s economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday. In its annual report, the central bank said the country’s growth prospects now essentially depend on how fast India can arrest… Read More »

Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief

By | May 5, 2021

Shares of small finance banks (SFBs) like Equitas SFB, Ujjivan SFB, AU SFB and Suryoday SFB, on Wednesday, rose up to 6 per cent from their respective intra-day day lows on the BSE after the Reserve Bank of India (RBI) announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to… Read More »

SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit

By | April 4, 2021

Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. The judgement covers loans above Rs 2 crore as loans below this got blanket… Read More »

RBI maintains status quo for fourth time, keeps policy rate unchanged at 4%

By | February 5, 2021

The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time, but decided to maintain an accommodative stance, indicating more rate cuts in the future in order to support the economy hit by the Coronavirus (Covid-19) pandemic. The benchmark repurchase (repo) rate was left… Read More »

MARKET LIVE: Indices flat, Nifty around 14,200; ONGC gains 4%, Titan up 3%

By | January 6, 2021

LIVE market live updates: The Indian markets were trading flat with a positive bias in Wednesday’s early deals, tracking mixed global cues. The S&P BSE Sensex was trading 55 points higher at 48,490 levels and the Nifty50 index was holding above 14,200 levels. ONGC (up 4%) was the top Sensex gainer, followed by Titan which rose 3 per… Read More »

Economy recovering faster than expected, inflation needs to be tackled: RBI

By | December 24, 2020

Indian economy is recovering faster than expected and may post minor positive growth in the third quarter, but efforts need to be redoubled to fight inflation so that it doesn’t hurt the incipient growth impulses, according to the State of the Economy report in the December Bulletin of the Reserve Bank of India (RBI). … Read More »

RBI governor asks banks to strengthen lending capacity by raising capital

By | December 23, 2020

The Reserve bank of India (RBI) Governor Shaktikanta Das has asked banks to take proactive measures to strengthen their resilience and lending capacity by raising capital, the central bank said in a statement on Wednesday. During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need… Read More »

Don’t tweak inflation target range: Economists tell FM in pre-Budget talks

By | December 23, 2020

Economists have asked the government not to tweak the range of consumer price inflation target for the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC). In a pre-Budget interaction with Finance Minister Nirmala Sitharaman on Wednesday, they asked the government to stick to the inflation target of 4 per cent, with tolerance levels… Read More »

RBI governor meets bankers over rate transmission, stressed assets

By | December 23, 2020

Reserve Bank of India (RBI) governor Shaktikanta Das and deputy governors met the managing directors and chief executives of public and select private sector banks on Tuesday and Wednesday, to discuss, among other things, transmission of rates and progress in the implementation of resolution framework for Covid-related stressed assets. The RBI governor touched upon… Read More »