Latest News on Central Bank
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Central Bank - Total results - 130
Feb 06, 2019
Finance Ministry expects Rs 69,000 cr in dividend from RBI in 2019-20; central bank has transferred Rs 40,000 cr this fiscalThe receipt from various sources, including RBI dividend, helps government meet fiscal deficit target.
Feb 05, 2019
RBI may change monetary policy stance; likely to move closer to rate cut in April as inflation stays below central bank’s targetWhile two-thirds of 65 economists expected the RBI to hold the repo rate at 6.50 percent, most respondents predicted the MPC would shift its stance to neutral, according to a Reuters poll.
Jan 22, 2019
RBI proposes to relax norms for new players' entry into retail payment; aims to boost innovation, competition in sectorThe RBI's policy paper on 'Authorisation of New Retail Payment Systems' proposes a multi-pronged policy action for a more appropriate level of retail payment systems and operators.
Jan 15, 2019
RBI might slightly reduce interest to boost growth, investment rate declines: Kaushik BasuThe central bank should be left alone with complete autonomy, he added. The RBI's monetary policy review is slated in February.
Jan 14, 2019
WPI inflation at 8-month low of 3.80% in December on softening fuel, food prices; vegetables witness deflation at 17.55%The Wholesale Price Index (WPI)-based inflation stood at 4.64 percent in November, 2018, and 3.58 percent in December 2017.
Jan 10, 2019
RBI accountable to govt, differences must be resolved internally in country’s interest: Bimal JalanThe government also wants the RBI to release more liquidity to the shadow banking sector and relax its provisioning norms for banks.
Jan 09, 2019
Govt says not considering giving more powers to RBI to deal with state-owned banksThe powers of the RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks, including public sector banks (PSBs), said Minister of State for Finance Shiv Pratap Shukla in the Rajya Sabha
Jan 08, 2019
Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in AprilThe government and the RBI under previous governor Urjit Patel had been at loggerheads over the Rs 9.6 lakh crore surplus capital with the central bank.
Dec 28, 2018
RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issuesAt the past two meetings held between RBI and state- run banks, Das had deliberated on the prompt correction action framework.
Dec 25, 2018
Reserve Bank of India to soon release new Rs 20 currency note with additional featuresThe currency notes, except for banned Rs 500 and Rs 1,000, issued under old series continue to remain legal tender.