Tag: rbi
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…
RBI exempts bank swap deals from net unhedged FX exposure norm
Kolkata: The swap deals done by banks with the Reserve Bank of India for the money raised through foreign currency deposits, external commercial borrowings and…
RBI deputy governor Swaminathan J gets two-year extension
Kolkata: The union government has extended Reserve Bank of India deputy governor Swaminathan Janakiraman‘s term for another two years with effect from June 26, 2026,…
RBI expects healthy foreign capital inflows, better balance of payments after easing measures
Mumbai: The Reserve Bank of India (RBI) expects healthy foreign capital inflows and a stronger balance of payments (BoP) this year following a series of…
RBI policy press conference: Here’s everything that came up for discussion
Mumbai: Friday’s monetary policy press conference by Reserve Bank of India (RBI) Governor Sanjay Malhotra touched every possible gamut of the world’s fastest-expanding major economy,…
RBI MPC: India’s Goldilocks moment dims, but the lights are not out
India’s economic sweet spot appears to be getting harder to sustain. For much of the past year, the country enjoyed what economists often describe as…
RBI launches 2 key surveys
The Reserve Bank of India has initiated its annual surveys for the 2025-26 period. These surveys will gather crucial data on mutual funds’ foreign financial…