Tag: rbi
RBI’s Malhotra says rate hike talk is premature, stays in wait-and-watch mode
New Delhi: Reserve Bank Governor Sanjay Malhotra has said the central bank is closely monitoring developments in West Asia and that it would be premature…
RBI remains watchful of global, monsoon situation says Sanjay Malhotra
Reserve Bank of India (RBI) remains in “wait and watch” mode with regards to the evolving geopolitical situation and the progress of monsoon but has…
RBI seen in no rush to press rate hike pedal, decision may get deferred to second half of FY27
Mumbai: Timelines for an interest-rate increase by the Reserve Bank of India (RBI) are gradually being pushed further back, with economists now visibly tilting toward…
RBI MPC: Growth rate could top 7% if oil prices fall further
MUMBAI: India’s economy could expand at a ‘7% plus range’ this fiscal year, higher than what is projected by the central bank, if easing geopolitical…
RBI revises Kisan Credit Card norms, standardises crop season definition
Mumbai: The Reserve Bank on Friday revised the Kisan Credit Card (KCC) Scheme, standardising the definition of crop seasons to ensure uniformity in sanctioning of…
RBI not in favour of offshore settlement for government securities, sources say
India‘s central bank is not looking to enable direct settlement of government securities via offshore settlement platforms like Euroclear — one of the world’s largest…
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
KOLKATA: The Reserve Bank of India on Wednesday temporarily removed the interest rate ceiling on non-resident deposits allowing banks to go all-out in overseas fund…
RBI pushes banks to bring more dollars home
MUMBAI: Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B)…
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…
What’s brewing? FinMin seeks gold lending info from banks
MUMBAI: The finance ministry has asked bullion banks to share all information on ‘gold metal loans‘ and ‘loan against gold’ since 2023, sparking conversations that…