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With just only 10 days till the annual closing of the current financial year, the RBI directed that all government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year.
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According to data on the SEBI website, one of the members on its 2017 Committee on Corporate Governance was corporate and project finance lawyer Cyril Shroff, also the managing partner of Cyril Amarchand Mangaldas.
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Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target.
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Mumbai: The Reserve Bank of India (RBI) on Wednesday proposed to allow the linking of credit cards to the Unified Payments Interface (UPI) platform. After the Monetary Policy Committee (MPC) meeting RBI Governor Shaktikanta Das announced that the implementation will start with the indigenous RuPay credit cards. “At present, UPI facilitates transactions by linking savings/current […]
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New Delhi: The central bank Reserve Bank of India (RBI) cleared the air by saying that it has no proposal to bring about changes to the existing currency and bank notes by replacing the face of Mahatma Gandhi with that of others. “There are reports in certain sections of the media that the Reserve Bank […]
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Mumbai: India’s foreign exchange (forex) reserves declined by $9.646 billion to $622.275 billion in the week ended March 11, the sharpest decline in nearly two years, as the Reserve Bank of India (RBI) heavily sold dollars to prevent the slide in the value of rupee. According to the RBI’s weekly statistical supplement, the foreign currency […]
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Mumbai: Reserve Bank on Thursday announced the launch of next round of households surveys to capture inflation expectations and consumer confidence. Data gathered from the surveys, which are regularly done by Reserve Bank of India (RBI), provides useful inputs for for its monetary policy. Announcing the launch of March 2022 round of Inflation Expectations Survey […]
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Hyderabad: March is when a lot of financial dealings are done, and March this year could spell trouble if those transactions are not well planned in advance, what with banks to remain closed for 13 days. Out of the 13 holidays, seven are as per the calendar of the Reserve Bank of India, and the […]
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New Delhi: India’s retail inflation for January, which is scheduled to be announced later in the day, might have accelerated to six per cent, the upper tolerance limit of the central bank, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday. “Today’s inflation print is expected to be close to six per […]
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Hyderabad: As per the Reserve Bank of India’s (RBI) holiday list, all private and public banks across India will be closed for 12 days in February. However, banking activities and ATMs will continue to function. The RBI characterises holidays based on Holiday under Negotiable Instruments Act, Banks’ Closing of Accounts and Holiday under Negotiable Instruments […]
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Mumbai: India’s foreign exchange (forex) reserves rose by $2.229 billion to $634.965 billion for the week ended January 14, 2022, the Reserve Bank of India (RBI) data showed. The forex reserves had declined by $878 million in the previous week. According to the RBI’s Weekly Statistical Supplement, all categories of the forex reserves increased during the […]
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Mumbai: The Reserve Bank of India (RBI) on Wednesday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance in the backdrop of concerns over the emergence of the new coronavirus variant Omicron. This is the ninth time in a row that the Monetary Policy Committee (MPC) […]
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Though there is a significant rebound in the economic activity following the lifting of pandemic-related restrictions, the expectations of a quick recovery must be tempered in tune with ground realities. While the big jump in the GST collections is a positive development, several parameters — inflation, unemployment, subdued private consumption and investment and a crippling […]
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By Dr K Srinivasa Rao With the Reserve Bank of India granting licence to National Asset Reconstruction Company Ltd (NARCL), October 4 marks a historic development in the financial sector. NARCL is set up to declutter banks from part of the burden of non-performing assets (NPAs). Unlike the other existing private sector asset reconstruction companies […]
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Hyderabad: The world is on the threshold of a fourth industrial revolution or digital revolution, and India should be well prepared to make the best use of the opportunity by leveraging the demographic dividend arising out of about 50 per cent of the population below 27 years, IT and Industries Minister KT Rama Rao said […]
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State Bank of India is partnering in setting up 60 centres in 18 districts where it has the ‘lead bank’ responsibility
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Although a solid increase in aggregate demand may take some time
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Ravinder Rao said the banks business can be developed only if they diversify their portfolios.
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Economist Pinaki Chakraborty says RBI should not print money to finance the fiscal deficit
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There are incipient signs of stress in the micro, small and medium enterprises (MSMEs) and retail segments," said the recently released Financial Stability Report for July 2021.
