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About 92 results for "rbi rsquo"

Banks wary of RBI norms on prepayment penalties
Rediff.com

Banks wary of RBI norms on prepayment penalties

The Reserve Bank of India’s proposal that banks refrain from levying penalties on customers for prepaying floating rate term loans has put lenders in a fix. They fear if corporate houses adhere to this, it will lead to asset-liability mismatches. In its annual policy review on April 1, the central bank had proposed a ban on prepayment penalties. “Consumer protection is an integral aspect of financial inclusion. Click NEXT to read further. . Rediff.com, 2 months ago

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Jagran Post

RBI asks banks to disclose sector-wise loans from next fiscal

"Banks are advised to disclose sector-wise advances in the ‘Notes to Accounts’ to the financial statements as per the format...from the financial year 2014-15 onwards," the RBI said in a notification.      Banks may also ...
 Jagran Post1 month ago
Rediff.com

Forex reserves fall to $312 bn

The country’s foreign exchange reserves fell $274 million to $312 billion for the week ended May 30, show RBI data released on Friday. Foreign currency assets, a key component of reserves, fell $269 million to $285 billion. Gold reserves remained unchanged during the week. For the week under review, the Special Drawing Rights (SDRs) fell $3.3 million to $4.45 billion, while the country’s reserve position with the International Monetary Fund was down $1.2 million to $1.68 billion.
 Rediff.com1 month ago
Rediff.com

18 countries struggling with inflation worse than India's

Inflation has been on of the biggest barrier to India’s growth for the past few years. RBI has kept a tight fist on interest rates, which many believe is holding back recovery. Simply put, companies can only expand if they get to borrow money at reasonable cost and there is enough liquidity. Many countries world over are caught in the similar situation as India. Some, such as Venezuela and Syria have inflation over 50 per cent. This means, the price of commodities in the countries is ...
 Rediff.com1 month ago India 'committed' to tackling rising inflation  Himalayan times1 month ago India's June inflation eases  Himalayan times1 week ago Can the new Government tame the rising inflation?  DNA1 month ago
Rediff.com

RBI's '007' Rajan faces pro-growth boss in Modi

Hailed as a troubleshooting ‘James Bond’ of central bankers amid India's currency crisis last year, Raghuram Rajan was given a licence to kill inflation with higher interest rates and drive a programme of monetary policy reforms. Now, the governor of the Reserve Bank of India may need all the suave charm of the fictional British spy to sell that same hard-nosed agenda to a powerful new prime minister who is determined to revive economic growth and create jobs. Rajan, who calls high ...
 Rediff.com1 month ago
Rediff.com

RBI relaxes gold import norms

The Reserve Bank of India on Wednesday liberalised gold import norms under the 80:20 rule. Though the ratio hadn’t been changed, star and premier export houses had been allowed to import the commodity, while banks and nominated agencies had been allowed to provide gold for domestic use as loans to jewellers and bullion traders, said a notification issued by RBI. The new norms come into force with immediate effect. Under the 80:20 scheme, the government on August 14 last year allowed ...
 Rediff.com2 months ago
Rediff.com

Ex-RBI Governor to join Singapore B-school as visiting fellow

Students of Singapore’s premier business school will soon learn about India’s monetary policy and central banking straight from the horse’s mouth. National University of Singapore Business School has appointed Duvvuri Subbarao, who had stepped down as governor of Reserve Bank of India last year, as distinguished visiting fellow. Subbarao will join the school on Friday and hold the position for a year, the school said. Rao’s predecessor at RBI, Y V Reddy, had taken up ...
 Rediff.com2 months ago
IndiaTV News

Gujarat High Court restores RBI's power to decide NPA period

Ahmedabad: The Gujarat High Court yesterday restored the Reserve Bank of India’s power to decide the period after which a bad loan can be called a non-performing asset (NPA).'Section 2(1)(o) of Securitization and ...
 IndiaTV News2 months ago
Jagran Post

Financial management of my government was remarkable: Ashok Gehlot

"Be it the Planning or Finance Commissions, RBI or the Prime Minister, everyone had appreciated financial management of our Congress government in Rajasthan. Facts and figures prove that we had revenue surplus budget thrice," he said at Youth ...
 Jagran Post3 hours ago 'India a tax-free country? Not even in distant future!'  Rediff.com1 week ago There is a need to revive investment cycle: Jaitley  Rediff.com1 month ago Govt mulls common law for all financial-sector regulators  Rediff.com1 month ago
Rediff.com

RBI sets stiff terms for niche bank licences

The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.  While payment banks will offer remittance services, small banks will offer low-ticket loans and basic banking services within a limited area of operation. After initial screening to ensure eligibility, the central bank will set up an external committee to vet applications, which will be invited after the final norms are issued. Successful ...
 Rediff.com5 days ago 'Granting bank licence to corporates can be tricky'  Rediff.com2 months ago Reserve Bank appoints 3 new EDs  Rediff.com2 months ago
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