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About 107 results for "rbi rsquo"

Unions protest decision to grant new banking licences
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Unions protest decision to grant new banking licences

RBI Governor Raghuram Rajan had stated that the central bank will follow an ‘on-tap’ policy, implying that more and more licences will be given to private players The All India Bank Employees Association has raised objection to the Reserve Bank of India’s decision to grant banking licences to two more entities -- the IDFC and Bandhan. AIBEA said that on April 19 its officer bearers would meet in Punjab to decide the next course of action. C H Venkatachalam, general secretary ... Rediff.com, 1 week ago
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RBI rate hike to push cos over default cliff: India Ratings

Interest rate hike by the Reserve Bank in the short-term will push more corporates over the ‘default cliff’, which can force up to 15 per cent of top 500 companies in severe distress and loan defaults, India Ratings warned on Thursday. "Any further interest rate hike to push corporates over default cliff. . .any interest rate hike in the next three to six months may wither even the signs of green shoots," it said, arguing for rates to be kept on hold till September. RBI is ...
 Rediff.com3 weeks ago Australia, India to push for IMF quota reforms at G20  Rediff.com1 month ago
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Food items to weigh less in Wholesale Price Index rejig: Panel

Amid a debate over the consumer price index (CPI) becoming a target on inflation for the Reserve Bank of India (RBI)’s monetary policy, the incumbent inflation barometer — the wholesale price index (WPI) — would see a change in its structure. As if to make WPI relevant to the changed scenario, items which constitute core inflation would get more weight in WPI. Core inflation (relating to only non-food manufactured items) is generally expected to be a key factor for RBI to ...
 Rediff.com1 month ago Poll panel raises red flag on bank licence timing  Rediff.com4 weeks ago Should Reserve Bank of India target inflation?  Rediff.com3 weeks ago Key India inflation rate eases  Himalayan times1 month ago

RBI mandate on bank notes make customers anxious

Baldev Shah, 38, a wholesale textile store owner from South Mumbai had a visit to his bank branch as Thursday’s priority. A businessman who deals with cash of Rs 40,000-50,000 on an average for every transaction, he was worried if all the bank notes he had were valid or not and if he could exchange old notes immediately. On Wednesday, the Reserve Bank of India had said it would withdraw all pre-2005 bank-notes from March 31. As a result, quite a few bank branches in the city saw customers ...
 Rediff.com2 months ago
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Why there is little hope of an RBI rate cut this year

The Urjit Patel committee’s estimate of a high level of retail inflation for at least one more year seems to have dimmed the hope of an interest rate cut by the Reserve Bank of India in the near future. In its report, made public on Tuesday, the committee, set up by RBI in September last year to review the monetary policy framework, had suggested that retail inflation replace wholesale inflation as the price anchor for determining the central bank’s monetary policy stance. It also ...
 Rediff.com2 months ago

Post-election showdown looms for RBI Governor

The BJP strategists, who are confident that Modi’s jobs-first policy pitch will secure a strong voter mandate, suggest that they would prefer to have one of their own at the helm of the RBI. That sets the stage for a confrontation with Rajan, who has so ...
 Jagran Post2 weeks ago
Jagran Post

RBI puts brakes on bitcoin train in India

Bitcoin, which was introduced in 2009 by a developer known as Satoshi Nakamoto (the developer’s real name or names is unknown), is an online currency created by users, also called miners, by solving complicated math problems on the Internet. The ...
 Jagran Post2 months ago
Rediff.com

Make credit card interest payment easier: RBI to banks

You might get more time to repay your credit card dues without having to pay any interest or pesky fees. The Reserve Bank of India has asked banks to make credit card charges ‘reasonable’ and directed them not to levy interest on card dues till the next bill date even if payment is not made before the due date, bankers familiar with the development told Business Standard. Click NEXT to read further. .
 Rediff.com1 week ago
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What helped Bandhan get the banking licence?

Bankers and industry analysts are almost certain that Bandhan’s presence at rural centres of eastern and northeastern states influenced RBI’s decision of giving it a banking licence, say Somasroy Chakraborty and Manojit Saha. That Bandhan has become the country’s first micro lender to win a banking licence might have surprised some, who could be wondering what gave the Kolkata-based entity an edge over others in contention. A look at the regions where the microfinance ...
 Rediff.com2 weeks ago
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Why RBI wants govt to dilute stake in banks

The Reserve Bank of India (RBI) has recommended the Centre reduce its holdings in public sector banks. This, it says, is essential for robust corporate governance practices, considering these lenders’ deteriorating asset quality and rating downgrades.   The recommendation is part of a detailed blueprint for sweeping reforms in public sector banks, prepared by the central bank. The recommendations are being discussed with the finance ministry and will be taken up with the next ...
 Rediff.com2 weeks ago New NPA norms: RBI offers some breather  Rediff.com2 months ago Currency futures: Trading curbs to go after RBI nod  Rediff.com2 months ago Sebi wants govt banks as 'public' shareholders in stock exchanges  Rediff.com4 weeks ago
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