Rbi Board Meet
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Watch: Anand Mahindra Uses India's Digital Currency E-Rupee To Buy Fruits
Anand Mahindra claimed that he learned about the e-rupee during a meeting of the RBI board and immediately started using it to purchase fruit from a vendor.
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RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.
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Finance Minister To Visit Mumbai Tomorrow For Post-Budget Interaction With Industry
Finance minister Nirmala Sitharaman will meet stakeholders from Maharashtra during her two-day visit to Mumbai starting tomorrow
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Decision On Issuing Green Bonds Next Month: RBI Governor
The monitoring group on cash and debt management will meet next month and it will make preparations for issuance of green bonds
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Government And RBI In Complete Harmony On Cryptocurrency, Other Issues: Finance Minister
Finance minister Nirmala Sitharaman has said there was complete harmony between her department and RBI on all matters including cryptocurrencies
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RBI Board Internal Members Not In Favor Of Private Cryptocurrency: Sources
The RBI has repeatedly expressed its views against cryptocurrencies, saying that it poses serious threats to the macroeconomic and financial stability of the country
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RBI Approves Dividend Payout Of Rs 57,000 Crore To Government
The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...
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RBI Board Recommends Aligning Accounting Year With Fiscal Year From 2020-21
Addressing the board meeting, Finance Minister Nirmala Sitharaman outlined the thinking behind the Union Budget 2020-21 and focus areas of the government. She indicated increased complementarity in policy between the RBI and the government to address growth concerns, the statement said.
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Transmission Of Rate Cuts To Get Better, Says RBI Governor Shaktikanta Das
Addressing the media after RBI board meeting, which was also addressed by Finance Minister Nirmala Sitharaman, Mr Das said he does not agree that rate cut transmission is plateauing out.
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RBI Central Board Reviews Economic Situation, Co-Operative Banks
The RBI Central Board met amidst weak growth estimates by global agencies and the RBI itself and also the recent fraud at the PMC Bank.
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PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank
The bank has received a communication from the Ministry of Finance that the alternative mechanism after consultation with Reserve Bank of India (RBI) has decided that Punjab National Bank, Oriental Bank and United Bank may consider amalgamation, it said in a regulatory filing on Saturday.
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Sensex Up 200 Points, Nifty Firm Above 11,100: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government. The RBI's payout comes at a time the government strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts across sector...
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Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
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RBI Board May Discuss Dividend Payment To Government On Monday: Report
The RBI follows July-June financial year and the dividend is usually distributed in August after annual accounts are finalised. For FY20, the government has pegged a Rs 9,000 crore dividend from the RBI.
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Information Body Pulls Up RBI For Not Disclosing Demonetisation Records
The Central Information Commission has pulled up the Reserve Bank of India for "perfunctory handling" of an RTI application seeking records of its board meetings where the issue of demonetisation was deliberated, and issued a show-cause notice to its Central Public Information Officer.
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Watch: Anand Mahindra Uses India's Digital Currency E-Rupee To Buy Fruits
Anand Mahindra claimed that he learned about the e-rupee during a meeting of the RBI board and immediately started using it to purchase fruit from a vendor.
-
RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.
-
Finance Minister To Visit Mumbai Tomorrow For Post-Budget Interaction With Industry
Finance minister Nirmala Sitharaman will meet stakeholders from Maharashtra during her two-day visit to Mumbai starting tomorrow
-
Decision On Issuing Green Bonds Next Month: RBI Governor
The monitoring group on cash and debt management will meet next month and it will make preparations for issuance of green bonds
-
Government And RBI In Complete Harmony On Cryptocurrency, Other Issues: Finance Minister
Finance minister Nirmala Sitharaman has said there was complete harmony between her department and RBI on all matters including cryptocurrencies
-
RBI Board Internal Members Not In Favor Of Private Cryptocurrency: Sources
The RBI has repeatedly expressed its views against cryptocurrencies, saying that it poses serious threats to the macroeconomic and financial stability of the country
-
RBI Approves Dividend Payout Of Rs 57,000 Crore To Government
The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...
-
RBI Board Recommends Aligning Accounting Year With Fiscal Year From 2020-21
Addressing the board meeting, Finance Minister Nirmala Sitharaman outlined the thinking behind the Union Budget 2020-21 and focus areas of the government. She indicated increased complementarity in policy between the RBI and the government to address growth concerns, the statement said.
-
Transmission Of Rate Cuts To Get Better, Says RBI Governor Shaktikanta Das
Addressing the media after RBI board meeting, which was also addressed by Finance Minister Nirmala Sitharaman, Mr Das said he does not agree that rate cut transmission is plateauing out.
-
RBI Central Board Reviews Economic Situation, Co-Operative Banks
The RBI Central Board met amidst weak growth estimates by global agencies and the RBI itself and also the recent fraud at the PMC Bank.
-
PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank
The bank has received a communication from the Ministry of Finance that the alternative mechanism after consultation with Reserve Bank of India (RBI) has decided that Punjab National Bank, Oriental Bank and United Bank may consider amalgamation, it said in a regulatory filing on Saturday.
-
Sensex Up 200 Points, Nifty Firm Above 11,100: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government. The RBI's payout comes at a time the government strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts across sector...
-
Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
-
RBI Board May Discuss Dividend Payment To Government On Monday: Report
The RBI follows July-June financial year and the dividend is usually distributed in August after annual accounts are finalised. For FY20, the government has pegged a Rs 9,000 crore dividend from the RBI.
-
Information Body Pulls Up RBI For Not Disclosing Demonetisation Records
The Central Information Commission has pulled up the Reserve Bank of India for "perfunctory handling" of an RTI application seeking records of its board meetings where the issue of demonetisation was deliberated, and issued a show-cause notice to its Central Public Information Officer.
