Reserve Bank of India

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3h
Hindustantimes.com
Businessmen and middlemen from Hyderabad, Kolkata, Varanasi arrested for trying to convert Rs 100 crore in demonetised notesof them, in trunks, sacks, and cartons. The police were assisted by a team from
Hindustantimes.com / Posted 3 hours ago
of them, in trunks, sacks, and cartons. The police were assisted by a team from the National Investigation Agency and the Reserve Bank of India. The police also arrested 16 people. By Wednesday morning, the police had finished counting the money.... Read more
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12h
asianage
UP police seize demonetised currency notes worth Rs 100 cr in Kanpurof demonetised currency worth crores at a person's residential premises in Kanp
asianage / Posted 12 hours ago
of demonetised currency worth crores at a person's residential premises in Kanpur. A raid was conducted by teams of the Reserve Bank of India (RBI) and Income Tax (I-T) department officials. A final amount has not been ascertained as search and... Read more
2 related articles
13h
dna
Demonetised notes worth Rs 100 crore seized from residential premises in Kanpurthe presence of demonetised currency worth crores at a residential premises in
dna / Posted 13 hours ago
the presence of demonetised currency worth crores at a residential premises in Kanpur. A raid was conducted by teams of the Reserve Bank of India (RBI) and Income Tax (IT) department officials," an official told ANI. "We are interrogating the... Read more
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1d
The Hindu
Face the inevitable: the spike in bond yieldsissued 10-year bonds that would mature in 2028 has inched up 27 basis points si
The Hindu / Posted yesterday
issued 10-year bonds that would mature in 2028 has inched up 27 basis points since January 5. Bankers have pleaded that the Reserve Bank of India allow them to stagger the reporting of these losses over several quarters. In seeking leeway, they have... Read more
4 related articles
1d
Hindustantimes.com
Old currency worth Rs 80 crore seized from Kanpurcurrency is expected to be in the range of Rs 80 crore,” a police officer told
Hindustantimes.com / Posted yesterday
currency is expected to be in the range of Rs 80 crore,” a police officer told PTI. The officer said a team from the Reserve Bank of India and Income Tax department would shortly give the exact amount of the seized currency. The police also... Read more
1d
The Hindu
Punjab Cabinet minister Rana Gurjit Singh tenders his resignationfloating global depository receipts for one of the family-owned companies alleg
The Hindu / Posted yesterday
floating global depository receipts for one of the family-owned companies allegedly without the mandatory permission of the Reserve Bank of India. “Opposition again made hue and cry that ED had issued summons. Though, I am not looking after the... Read more
3 related articles
1d
asianage
Bonds fall after RBI deputy says banks face high interest rate riskMumbai: Bond yields spiked on Tuesday morning after a deputy governor of the Re
asianage / Posted yesterday
Mumbai: Bond yields spiked on Tuesday morning after a deputy governor of the Reserve Bank of India (RBI) said public sector lenders face risks of high interest rate from their large bond holdings. The statement was seen by traders as hawkish and as... Read more
4 related articles
1d
The Indian Express
Railway tribunal member RK Mittal faces probe over Rs 50-crore claimsfraud” on the Railways. One of the key findings is that Mittal allegedly issue
The Indian Express / Posted yesterday
fraud” on the Railways. One of the key findings is that Mittal allegedly issued 950 “warrants of recovery” directly to the Reserve Bank of India, Patna, ordering it to deduct the money claimed from the Railways’ account. The report states that the... Read more
1d
Business Standard India
RBI can't always bail out bank treasury, says deputy governor Viral Acharyasurprised when there is a sharp rise in bond yields. Rather, they should “know
Business Standard India / Posted yesterday
surprised when there is a sharp rise in bond yields. Rather, they should “know and understand this risk rather well,” said Reserve Bank of India (RBI) Deputy Governor Viral Acharya (pictured) to the association of bond investors, most of them being... Read more
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1d
The Hindu
Bond loss provision: banks seek timeof fiscal slippage, banks will suffer mark-to-market losses in their bonds port
The Hindu / Posted yesterday
of fiscal slippage, banks will suffer mark-to-market losses in their bonds portfolio. Banks have now written to the Reserve Bank of India (RBI) to allow them to spread provisioning requirement over two quarters. Yield of the benchmark... Read more
2d
The Hindu
Wholesale inflation eases to 3-month low of 3.58%from 6.06% in November 2017. “As inflation numbers are being driven largely on
The Hindu / Posted 2 days ago
from 6.06% in November 2017. “As inflation numbers are being driven largely on account of supply side factors, we urge the Reserve Bank of India to calibrate its monetary policy stance giving equal weightage to growth consideration. Lowering of... Read more
31 related articles
2d
Business Standard India
Bank of India postpones Rs 30-bn QIP plan after govt nod to infuse capitalget more value for our shares," he said. It is to be noted that the bank has be
Business Standard India / Posted 2 days ago
get more value for our shares," he said. It is to be noted that the bank has been placed under the PCA framework by the Reserve Bank of India (RBI) following inspection of books in March 2017. The central bank downgraded some of BoI's accounts... Read more
2 related articles
2d
The Hindu
Bank of India postpones ₹ 3,000 crore QIP planhe said. It is to be noted that the bank has been placed under the Prompt Corr
The Hindu / Posted 2 days ago
he said. It is to be noted that the bank has been placed under the Prompt Corrective Action (PCA) framework by the Reserve Bank of India (RBI) following inspection of books in March 2017. The central bank downgraded some of BoI’s accounts... Read more
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2d
asianage
Bank of India postpones Rs 3,000 crore QIP planshares, he said. It is to be noted that the bank has been placed under the Prom
asianage / Posted 2 days ago
shares, he said. It is to be noted that the bank has been placed under the Prompt Corrective Action (PCA) framework by the Reserve Bank of India (RBI) following inspection of books in March 2017. The central bank downgraded some of BoI's accounts... Read more
2 related articles
2d
Business Standard India
Duration funds in a spot over rate pause, yields hardening in past 6 monthswhich rely on duration play and primarily benefit in a declining interest rate
Business Standard India / Posted 2 days ago
which rely on duration play and primarily benefit in a declining interest rate environment. Over the past one year, the Reserve Bank of India (RBI) has turned hawkish due to the rise in global crude oil prices, possibility of fiscal slippage and... Read more
3d
The Hindu
Money in the bank, or for it?by the Financial Resolution and Deposit Insurance Bill 2017 (FRDI Bill) actuall
The Hindu / Posted 3 days ago
by the Financial Resolution and Deposit Insurance Bill 2017 (FRDI Bill) actually think about it. These range from the Reserve Bank of India (RBI) to state-owned and private banks. The Bill was introduced in Parliament last August but is still... Read more
4d
asianage
Govt invites applications for Sebi's whole time memberinvestments, external commercial borrowings and foreign exchange management. He
asianage / Posted 4 days ago
investments, external commercial borrowings and foreign exchange management. He has also worked closely with the Sebi and Reserve Bank of India (RBI). In an advertisement, finance ministry has invited applications for the position of a whole time... Read more
5d
The Hindu
Inflation quickens to 5.21% on food costsas food, housing and fuel costs continued to strengthen. Economists said quick
The Hindu / Posted 5 days ago
as food, housing and fuel costs continued to strengthen. Economists said quickening retail inflation would likely lead the Reserve Bank of India (RBI) to retain its cautious monetary stance. “Inflation is being largely driven by housing and... Read more
5d
Gulf News
Rising food prices push India’s Dec retail inflation to 17-month highcent in November.Annual retail food inflation rose 4.96 per cent in December fr
Gulf News / Posted 5 days ago
cent in November.Annual retail food inflation rose 4.96 per cent in December from 4.35 per cent in the previous month.The Reserve Bank of India held its policy rate steady at 6.0 per cent last month and said all possibilities were on the table,... Read more
6 related articles
5d
asianage
High food prices push India's retail inflation to 17-month high of 5.2 per centin November. Annual retail food inflation rose 4.96 per cent in December from
asianage / Posted 5 days ago
in November. Annual retail food inflation rose 4.96 per cent in December from 4.35 per cent in the previous month. The Reserve Bank of India held its policy rate steady at 6 per cent last month and said all possibilities were on the table,... Read more
6 related articles
6d
Business Standard India
Economy: Walking, but not yet runningrate for gross domestic product (GDP) in this fiscal year, lower than the 6.7-7
Business Standard India / Posted 6 days ago
rate for gross domestic product (GDP) in this fiscal year, lower than the 6.7-7.5 per cent range of the forecasts from the Reserve Bank of India (RBI), the NITI Aayog and the finance ministry. The Central Statistics Office’s (CSO’s) 6.5 per cent... Read more
6d
Business Standard India
Retail inflation likely to hit 17-month high of 5.1% in December: Pollinflation are increased prices for some foods and the impact of higher pay for
Business Standard India / Posted 6 days ago
inflation are increased prices for some foods and the impact of higher pay for government employees. In December, the Reserve Bank of India held its policy rate and reiterated a neutral stance but said that "all possibilities are on the table"... Read more
6 related articles
6d
The Hindu
Delhi HC rejects plea on ₹5 coins with image of Vaishno DeviHigh Court on Thursday rejected a petition which had questioned the legality of
The Hindu / Posted 6 days ago
High Court on Thursday rejected a petition which had questioned the legality of the commemorative ₹5 coins issued by the Reserve Bank of India carrying the image of Hindu goddess Vaishno Devi in 2013. A Bench of Acting Chief Justice Gita Mittal... Read more
6d
asianage
Indian retail inflation likely hit a 17-month high in Decemberinflation are increased prices for some foods and the impact of higher pay for
asianage / Posted 6 days ago
inflation are increased prices for some foods and the impact of higher pay for government employees. In December, the Reserve Bank of India held its policy rate and reiterated a neutral stance but said that “all possibilities are on the table”... Read more
6 related articles
6d
The Indian Express
I-T turns gaze to cryptocurrency, finds 6 lakh active traders, most under 35 yrsof frequent traders of the virtual currencies should be seen as business income
The Indian Express / Posted 6 days ago
of frequent traders of the virtual currencies should be seen as business income. Though the Finance Ministry and the Reserve Bank of India have not accorded legal sanctity to cryptocurrencies — which some economists call an “asset bubble” —... Read more
7d
Business Standard India
Rising corporate bond yields augur well for bank creditthe fixed income market incorporated every cut done by the central bank. The Fi
Business Standard India / Posted 7 days ago
the fixed income market incorporated every cut done by the central bank. The Financial Stability Report published by the Reserve Bank of India (RBI) in December, and subsequently a staff ... Key stories on business-standard.com are available to... Read more
7d
Hindustantimes.com
SC asks Jaypee Associates to submit details of its ongoing housing projectsalso comprising Justices A M Khanwilkar and D Y Chandrachud, said it would deci
Hindustantimes.com / Posted 7 days ago
also comprising Justices A M Khanwilkar and D Y Chandrachud, said it would decide at a later stage the application of Reserve Bank of India (RBI) seeking its nod to file insolvency proceedings before the National Company Law Tribunal (NCLT)... Read more
7d
The Hindu
India to regain top spot with GDP pegged at 7.3% in 2018-19: WBand private sector balance sheet weaknesses are mitigated with the help of the
The Hindu / Posted 7 days ago
and private sector balance sheet weaknesses are mitigated with the help of the efforts of the government and the Reserve Bank of India.” The government’s recent recapitalisation package for public sector banks could “resolve banking... Read more
3 related articles
7d
The Indian Express
As states waive loans, farmer default spikes 23 per cent in a year: RBI datain fiscal 2017 to cross Rs 60,000 crore, with demonetisation and farm loan waiv
The Indian Express / Posted 7 days ago
in fiscal 2017 to cross Rs 60,000 crore, with demonetisation and farm loan waivers adding to their woes. Data with the Reserve Bank of India, however, shows that farmers are still more disciplined borrowers with just six per cent of their total... Read more
7d
The Indian Express
Foreign banks make a beeline for India, lenders include China, Iranlast year’s sharp reduction in branches. Renewing their interest in India, at
The Indian Express / Posted 7 days ago
last year’s sharp reduction in branches. Renewing their interest in India, at least 14 foreign banks have applied to the Reserve Bank of India for opening branches in the country. Four banks from South Korea, three from Iran, two each from China... Read more
8d
The Hindu
Aadhaar open to attack from cyber criminals: RBI-backed paperaccording to a white paper done by the Institute for Development and Research i
The Hindu / Posted 8 days ago
according to a white paper done by the Institute for Development and Research in Banking, which is affiliated to the Reserve Bank of India. “Thanks to Aadhaar, for the first time in the history of India, there is now a readily available... Read more
8d
Business Standard India
Aadhaar could be a single target for cyber criminals: RBI researchersbenefit transfers it will be used to deliver to the poor is not studied enough,
Business Standard India / Posted 8 days ago
benefit transfers it will be used to deliver to the poor is not studied enough, a new study published by an arm of the Reserve Bank of India (RBI) has concluded. The paper, ‘Biometric and Its Impact in India’, was a part of Staff Papers series... Read more
8d
Business Standard India
Insolvency professionals divided over ban on resolution outsourcingadvisors to assist in insolvency resolution. IBBI’s circular is not likely to
Business Standard India / Posted 8 days ago
advisors to assist in insolvency resolution. IBBI’s circular is not likely to affect the big 12 cases referred by banks on Reserve Bank of India order for insolvency, say experts, as IPEs are not involved in those cases. On the negative side,... Read more
8d
Business Standard India
Cash demand was falling even before note ban, suggests RBI datathat people were either battling a slowdown or their preferences were shifting
Business Standard India / Posted 8 days ago
that people were either battling a slowdown or their preferences were shifting to digital payments, an analysis of the Reserve Bank of India (RBI) data shows. The ‘currency with the public’ component of the money supply grew at a declining rate... Read more
8d
The Hindu
The age of crypto-economicssmuggling, drug-trafficking, and money-laundering. The stern advisory came afte
The Hindu / Posted 8 days ago
smuggling, drug-trafficking, and money-laundering. The stern advisory came after three other warnings issued by the Reserve Bank of India. Why the distrust? Two aspects of the bitcoin phenomenon have attracted great interest: the challenge... Read more
2 related articles
9d
Business Standard India
Use of share premium for write-off to hasten IOB's return as dividend-payerhad put strict criteria before offering capital. One of those was cutting losse
Business Standard India / Posted 9 days ago
had put strict criteria before offering capital. One of those was cutting losses and shedding non-core assets. The Reserve Bank of India (RBI) also put in place a prompt corrective action plan on the lender, greatly limiting its lending... Read more
9d
Hindustantimes.com
Rajnath Singh tells police to be prepared to tackle rising cybercrime cases in India13 incidents affecting ATMs, Point of Sales (POS) systems and Unified Payments
Hindustantimes.com / Posted 9 days ago
13 incidents affecting ATMs, Point of Sales (POS) systems and Unified Payments Interface (UPI) were reported. The Reserve Bank of India has registered 13,083, 16,468, 13,653 and 12,520 cases of frauds involving credit cards in 2014-15,... Read more
9d
Hindustantimes.com
Cyber law expert files PIL in Calcutta HC seeking state regulation on Bitcoinlaw enforcement and investigating agencies to trace the money trail,” said the
Hindustantimes.com / Posted 9 days ago
law enforcement and investigating agencies to trace the money trail,” said the petitioner. He has sought response from the Reserve Bank of India, Union finance ministry, Securities and Exchange Board of India (SEBI), income tax department,... Read more
9d
The Hindu
Evidence of fragility: on underwhelming growth estimatesprice inflation having accelerated in November to 4.88%, the fastest pace in 15
The Hindu / Posted 9 days ago
price inflation having accelerated in November to 4.88%, the fastest pace in 15 months, monetary authorities at the Reserve Bank of India will have little to no leeway to mull interest rate reductions to support growth. On their part,... Read more
10d
asianage
Mohd. Ghufran, Kajal Kumari bag men’s, women’s crownsother hand, Ghufran started with a flourish, but later faced quite a strong cha
asianage / Posted 10 days ago
other hand, Ghufran started with a flourish, but later faced quite a strong challenge from World Champion Prashant More of Reserve Bank of India before scraping through by a close 25-13, 12-25, 22-19 scoreline in a tense and thrilling men’s final... Read more
10d
Business Standard India
A yield problemyield curve has steepened sharply. In other words, differences between the repo
Business Standard India / Posted 10 days ago
yield curve has steepened sharply. In other words, differences between the repo rate, the policy rate targeted by the Reserve Bank of India, and the long-term rate of return on bonds have grown. While the RBI has maintained the repo rate, bond... Read more
10d
The Hindu
FRDI: depositor trust is key to bankingis protected by insurance provided by the Deposit Insurance and Credit Guarante
The Hindu / Posted 10 days ago
is protected by insurance provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India. However, this insurance limit has not been changed since 1993 even while income and deposit levels... Read more
10d
Business Standard India
Note ban effect: Low base lifts banks' credit growth to 10.65% in Decemberper cent at Rs 80.97 trillion in the fortnight ended December 22, 2017, due to
Business Standard India / Posted 10 days ago
per cent at Rs 80.97 trillion in the fortnight ended December 22, 2017, due to the base effect, according to data from the Reserve Bank of India (RBI). The advances had stood at Rs 73.17 trillion in the fortnight ended December 23, 2016. "We are... Read more
11d
Central Chronicle
GDP growth at 6.5 pc for FY 2017-18: CSOthe GDP growth rate picked up and stood at 6.3 per cent. The CSO estimate is lo
Central Chronicle / Posted 11 days ago
the GDP growth rate picked up and stood at 6.3 per cent. The CSO estimate is lower than the 6.7 pc growth forecast of the Reserve Bank of India. According to Mr Anant, Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the... Read more
12 related articles
11d
Hindustantimes.com
‘Ex-RBI head warned against loan waiver promises by parties’A former governor of the Reserve Bank of India (RBI) had pointed to the risks i
Hindustantimes.com / Posted 11 days ago
A former governor of the Reserve Bank of India (RBI) had pointed to the risks in the practice of political parties promising loan waivers during poll campaigns to the Election Commission, Parliament was informed on Friday. In a written reply... Read more
11d
The Indian Express
Govt lowers forecast: GDP growth to hit four-year-low at 6.5%still is the fact that the GVA advance estimate for 2017-18 is much lower than
The Indian Express / Posted 11 days ago
still is the fact that the GVA advance estimate for 2017-18 is much lower than the GVA growth 6.7 per cent estimated by the Reserve Bank of India (RBI) for 2017-18. The nominal GDP growth rate for 2017-18, estimated at 9.5 per cent, is also sharply... Read more
12 related articles
11d
Business Standard India
Banks fear Rs 150-250-bn MTM loss over abrupt bond yield movementloss of something between Rs 155 billion and Rs 250 billion in the third quarte
Business Standard India / Posted 11 days ago
loss of something between Rs 155 billion and Rs 250 billion in the third quarter, some banks have approached the Reserve Bank of India for a leeway of spreading the loss over some quarters. According to Investment Information and Credit... Read more
11d
Business Standard India
RBI likely to transfer additional funds to govt this fiscal yearThe Reserve Bank of India (RBI) is likely to transfer additional funds to the g
Business Standard India / Posted 11 days ago
The Reserve Bank of India (RBI) is likely to transfer additional funds to the government this fiscal year. The finance ministry has been seeking Rs 430 billion in dividends from the RBI against the Rs 306.5 billion that the central bank has already... Read more
2 related articles
11d
The Hindu
Lenders to pay depositors higher ratesfirst time in almost three years that banks have increased deposit rates. The c
The Hindu / Posted 11 days ago
first time in almost three years that banks have increased deposit rates. The current rate-easing cycle started with the Reserve Bank of India cutting interest rates in January 2015. RBI has reduced interest rate by 200 bps between January 2015... Read more
12d
The Hindu
GDP growth seen slowing to 4-year low of 6.5% in 2017-18growth in agriculture in a good year.” The CSO’s GVA full-year growth estimate
The Hindu / Posted 12 days ago
growth in agriculture in a good year.” The CSO’s GVA full-year growth estimate of 6.1%, compares with a 6.7% pace that the Reserve Bank of India had forecast at its December policy meeting. The central bank had at the time flagged rising oil... Read more
12 related articles
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