Controlling inflation our prime duty: RBI Governor D Subbarao
RBI Governor D Subbarao recently said that reducing inflation is his priority now and will remain so in future. With the RBI's monetary policy up for review on January 29, Subbarao's…
Urjit Patel takes charge as RBI deputy governor
Urjit Patel recently took charge as deputy governor of the Reserve Bank of India two weeks ahead of a crucial monetary policy review. Although the central bank has not announced…
RBI floats draft norms on capital needs for counterparty risk
In order to enhance risk management system of banks, the Reserve Bank of India (RBI) has proposed tweaking norms for capital adequacy with regard to their exposure in derivative instruments.
Allahabad Bank, small-businesses body sign pact
Allahabad Bank has signed a memorandum of understanding with the Chamber of Indian Micro, Small and Medium Enterprises to shore up its priority-sector lending.
RBI report on gold loans beneficial to companies
The recent observations by the Reserve Bank of India (RBI) on gold loan companies are expected to help NBFCs (non banking finance companies). RBI has recommended LTV (loan to value…
RBI should allow 2 per cent interest on current account deposits: SBI
Ahead of RBI's monetary policy review, SBI today expressed hope the central bank will cut interest rates by 0.5 per cent and cash reserve ratio (CRR) by up to one…
RBI cancels registration of two NBFCs
The Reserve Bank recently said it has cancelled registration of two non-banking financial companies -- Emcorp Finance Ltd and Care Credit and Investments Company Pvt Ltd.
RBI extends Basel III implementation time
The Reserve Bank of India (RBI) has extended the date for implementation of Basel III, the global capital norms for banks, by three months to 1 April. “The Reserve Bank of…
Ex-banking liquidity skews RBIs fight
Liquidity outside the banking system remains positive even as its negative inside. So the Reserve Bank of India (RBI) will have to reassess its bond purchase programmes and cash reserve…
Union Bank of India up 1% on approval for fund raising
State-controlled Union Bank of India gained 1.3 percent intraday recently as the board of directors of the company has approved raising equity capital by way of preferential allotment/ qualified institutional…