The Supreme Court (SC) on Tuesday repealed the RBI’s 12 February circular, which laid down rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy. On... Read more »
The Reserve Bank of India (RBI) is looking to cut key lending rates by another 25 basis points on Thursday to boost economic activities amid fears of global slowdown impacting domestic growth... Read more »
Reserve Bank of India is likely to cut repo rate by 25 basis points in the April policy due to weak economic activity, benign inflation and soft global growth, says a report.... Read more »
Economists expressed concerns over a sharp slowdown in the Indian economy and pitched for a monetary policy boost to support growth at a meeting with the Reserve Bank of India (RBI) chief... Read more »
The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed a change in... Read more »
The Reserve Bank of India’s $5 billion plan to exchange rupees for dollars with domestic banks will help achieve its twin objectives of decreasing interest rates while at the same time preventing... Read more »
The Reserve Bank of India relaxes the business guidelines for white label ATMs allowing them to redirect wholesale cash from the central bank. Automated Teller Machines (ATMs) set up, owned and operated... Read more »
Governor of Reserve Bank of India Shantikanta Das said that he would meet top officials of state-run and private sector banks by the end of this month. They will discuss issues of... Read more »
RBI will be paying Rs 28,000 crore as interim dividend to the government. This amount would help the Centre meets its revised budget estimates which includes an allocation for the income transfer... Read more »
The Central Information Commission asked the RBI to come clean on “perfunctory handling” of an RTI application. The application wished to seek records to the RBI board meetings where the issue of... Read more »