Rbi Act

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Rbi Act - Total results - 35
RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resources
Business

RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resources

The government will get a bonanza of around Rs 86,000 crore over and above the budgetary provision of Rs 90,000 crore from the RBI

RBI Board meeting today to finalise annual accounts, to take up Bimal Jalan committee's recommendation
Business

RBI Board meeting today to finalise annual accounts, to take up Bimal Jalan committee's recommendation

The RBI follows a July-June financial year and the dividend is usually distributed in August after annual accounts are finalised

RBI issues norms for setting up FBAs for fixing efficient benchmarks for financial instruments
Business

RBI issues norms for setting up FBAs for fixing efficient benchmarks for financial instruments

The guidelines are based on the report submitted by a committee under its executive director P Vijaya Bhaskar on 28 June 2013

Why isn't govt asking RBI to reveal information about wilful loan defaulters and banks' inspections: Congress
Politics

Why isn't govt asking RBI to reveal information about wilful loan defaulters and banks' inspections: Congress

The party's remarks came after the Supreme Court on Friday gave the banking regulator "a last opportunity" to reveal these details under the RTI Act

Bimal Jalan to head panel to decide on RBI cash reserves: Former central bank governor enjoys govt support, but committee to have final say
Business

Bimal Jalan to head panel to decide on RBI cash reserves: Former central bank governor enjoys govt support, but committee to have final say

Jalan will lead a six-member committee which will review the status, need and justification of various provisions, reserves and buffers presently provided for by the RBI

RBI-government fracas on core issues has brought to fore contentious aspects of not just institutions but also policies
Business

RBI-government fracas on core issues has brought to fore contentious aspects of not just institutions but also policies

The RBI so far has used the conventional approach of providing funds to banks which could lend to the NBFCs based on commercial judgment.

Arun Jaitley speaks on RBI, Urjit Patel's resignation, says institutions cannot be 'isolationist' while enjoying autonomy
Business

Arun Jaitley speaks on RBI, Urjit Patel's resignation, says institutions cannot be 'isolationist' while enjoying autonomy

Without specifying RBI, Arun Jaitley said there is a need for regulators to consult all the stakeholders as that is when one gets a "feel of the market."

All Indians should be concerned, says former RBI chief Raghuram Rajan on Urjit Patel's resignation
Business

All Indians should be concerned, says former RBI chief Raghuram Rajan on Urjit Patel's resignation

With regard to powers of the RBI board, Rajan said there is "an extreme" change in the nature of the governance of the RBI for the "board to become an operational board, that is to make operational decisions".

RBI-government rift: Central bank governor Urjit Patel parries all questions about spat with Centre
Business

RBI-government rift: Central bank governor Urjit Patel parries all questions about spat with Centre

Speaking at the customary post-RBI policy presser after the fifth bi-monthly policy review, wherein the policy rates were left unchanged, Urjit Patel parried three questions on these issues.

No liquidity crisis for any segments except gems and jewellery sector, says govt nominee on RBI board
Business

No liquidity crisis for any segments except gems and jewellery sector, says govt nominee on RBI board

The spike in the cost of funds is due to an increased risk perception, and not due to lack of liquidity in the system.

Urjit Patel to submit written answers to questions raised by MPs, says demonetisation had transient impact on economy
Business

Urjit Patel to submit written answers to questions raised by MPs, says demonetisation had transient impact on economy

RBI governor Urjit Patel told the Members of Parliament that credit growth was 15 percent

Why would anybody think that the independence of the central bank is at stake, says S C Garg
Business

Why would anybody think that the independence of the central bank is at stake, says S C Garg

Laying to rest rumours that the government had asked for capital reserves from the Reserve Bank of India, S C Garg, Economic Affairs Secretary emphatically said in an interview with CNBC-TV18 that it was a 'figment of imagination'.

YES Bank's independent director R Chandrashekhar resigns; promoters seek board overhaul
Business

YES Bank's independent director R Chandrashekhar resigns; promoters seek board overhaul

The Reserve Bank of India (RBI) has asked YES Bank to find a replacement for its founder MD and CEO Rana Kapoor by 31 January

RBI board concludes nine-hour long meet amid differences with govt; central bank issues 175-word statement
Business

RBI board concludes nine-hour long meet amid differences with govt; central bank issues 175-word statement

The government has been pressing the RBI to reduce capital ratios for banks, which would speed up loans to small businesses in remote parts of the country

Crucial RBI board meet underway to discuss key issues; 23 October meeting lasted for 8 hours
Business

Crucial RBI board meet underway to discuss key issues; 23 October meeting lasted for 8 hours

Patel and his deputies along with a few independent directors too are expected to support the RBI's mission to clean up bank balance sheets, sources said.

RBI board meeting: Central bank likely to reach common ground with govt on some key issues; all you need to know
Business

RBI board meeting: Central bank likely to reach common ground with govt on some key issues; all you need to know

The RBI is also expected to consider a special dispensation for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs) which have been facing liquidity issues.

RBI board meet today: Amid tiff with government, central bank likely to debate liquidity crisis
Business

RBI board meet today: Amid tiff with government, central bank likely to debate liquidity crisis

The RBI board is also expected to discuss issues related to making relaxations to its Prompt Corrective Action (PCA) framework to clean up the balance sheet of banks burdened with NPAs.

Backing RBI on NPAs, Finance Minister Arun Jaitley says minimising bad loans alone will ensure credit flow
Business

Backing RBI on NPAs, Finance Minister Arun Jaitley says minimising bad loans alone will ensure credit flow

Relations between the RBI and the Finance Ministry have soured in the last month after the North Block started consultations under the never-used Section 7 of the RBI Act

RBI vs govt: The 18 'wise men' tasked with supervision of Mint Street watched for next course of action
Business

RBI vs govt: The 18 'wise men' tasked with supervision of Mint Street watched for next course of action

The entire board is appointed by the government under the RBI Act, which mandates the central board with "general superintendence and direction of the Reserve Bank's affairs".

P Chidambaram accuses govt of fudging fiscal deficit figures for 2013-14; questions 'competence'
Business

P Chidambaram accuses govt of fudging fiscal deficit figures for 2013-14; questions 'competence'

In a series of tweets, Chidambaram said that the fiscal deficit in 2013-14 was 4.4 percent according to official data and not 5.1 percent as Garg mentioned on Friday.