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About 110 results for "rbi rsquo"

RBI not keen on raising inter-bank ATM usage fee
Rediff.com

RBI not keen on raising inter-bank ATM usage fee

The Reserve Bank of India is reportedly not keen on accepting banks’ demand to increase the interchange fee, the amount one bank charges another if its consumer uses the automated teller machine of the non-home bank. “There is already  a cap on ATM transactions. "If we increase the fee further and based on it the banks also make changes on the amount they want to be passed on to the customer, it can hurt the customer further. As a result, the regulator is not very comfortable ... Rediff.com, 6 days ago
Pradhan Mantri Jan Dhan Yojana launched in J Jammu and Kashmir Bank Limited, 2 weeks ago
Interim COO at RBI not possible: FinMin Rediff.com, 4 weeks ago
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RBI begins review of Jan Dhan rollout

A week after the official launch of the Prime Minister’s Jan Dhan Yojana, the Reserve Bank of India has begun a review of the financial inclusion mission.A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district. The ambit will also cover the system’s readiness to track the work of business correspondents, a key link between bank and those being covered by the programme.“Besides doing checks, the effort is to find out ...
 Rediff.com1 week ago Robust review before PSU bank chiefs are selected  Rediff.com2 days ago
Rediff.com

Sharp rate cuts by RBI possible from 2015

Sharp rate cuts are in store in 2015, as the Reserve Bank of India’s commitment to bring down inflation might make room for these, even if the US Federal Reserve starts raising interest rates, experts believe.RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016. Though CPI-based inflation rose to 7.96 per cent in July from 7.46 per cent in June, it is seen stabilising in the months ahead.“Lower inflation would enhance ...
 Rediff.com2 weeks ago
Rediff.com

5 takeaways from RBI's policy review

There are enough dovish signals in the governor’s statement to indicate a pro-growth policy going forward.In line with market expectations, Reserve Bank of India governor Raghuram Rajan on Tuesday left key interest rates unchanged. The repo rate and cash reserve ratio (CRR) remained at 8 per cent and 4 per cent, respectively. However, the RBI cut statutory liquidity ratio (SLR) by 50 basis points to 22 per cent in an attempt to free up resources for banks. Though the governor seems more ...
 Rediff.com1 month ago
Rediff.com

Why RBI's reading of inflation numbers is a significant pointer

The upside risks to inflation, in Raghuram Rajan's view of things, are still very much in play, notwithstanding the sharp moderation seen in August. Customers crowd amid stacked baskets of tomatoes at a wholesale vegetable and fruit market in Chandigarh. Photograph: Ajay Verma/Reuters Following a generally positive news flow on the macroeconomic front, the inflation numbers emerging from the Consumer Price Index and the Wholesale Price Index for August also bring a considerable amount of ...
 Rediff.com1 day ago
Rediff.com

Rajan bats for more freedom to state-run banks

Batting for greater autonomy to state-run lenders, RBI Governor Raghuram Rajan on Monday said the government should look at them as truly ‘independent entities’ that take their own commercial decisions and not as an extended arm of the administration. He also said that while it was fine for the government to involve banks to further the social sector agenda, it should ensure that such schemes should be financially feasible for the lenders. "You cannot get a mandate and cannot fund ...
 Rediff.com3 days ago RBI Governor calls for change in appointment process in state-run banks  Jagran Post3 days ago Rajan warns against abrupt reversal of global low interest rates  IndiaTV News1 week ago Why India is slowing down, Rajan explains  Rediff.com1 week ago
Rediff.com

Improved biz climate to boost investment in FY15: RBI

The Reserve Bank of India (RBI) on Wednesday said quick decision-making, reforms, improvement in the business climate and fast-tracking of projects were expected to boost investment this financial year, putting the Indian economy on the road to recovery. “The decline in consumption and investment demand could be arrested in the coming years due to a decisive election mandate (in the Lok Sabha elections this year). This electoral verdict has bolstered investor confidence and raised ...
 Rediff.com1 week ago
Rediff.com

Forex reserve up $60.5 mn to $319 bn

The foreign currency assets rose by $75 million to $291.39 billion India’s foreign exchange reserves rose by $60.5 million to $318.64 billion for the week-ended August 29. Last week, the reserves had fallen by $810.7 million to $318.579 billion, the RBI statement said.The foreign currency assets rose by $75 million to $291.39 billion, according to Reserve Bank of India data released on Friday.Foreign currency assets, expressed in dollar terms, include the effect of appreciation or ...
 Rediff.com1 week ago India's forex reserves down USD 573.5 mn  Jagran Post1 month ago
Rediff.com

Rajan has done well but his task is incomplete

The RBI Governor cannot pause to congratulate himself. Inflation is still higher than in comparable countries -- and, as the RBI’s annual report says, a poor monsoon and external developments could turn the clock back in no time. In his maiden speech as governor of the Reserve Bank of India, on September 4 last year, Raghuram Rajan produced a long list of must-dos. Two stood out: One, his resolve to “build a bridge to the future, over the stormy waves produced by global financial ...
 Rediff.com2 weeks ago
Sify

Norms to raise additional tier-I, II capital eased

The Reserve Bank of India (RBI) on Monday eased the norms for investing in banks' additional tier-I and tier-II capital. This would ease pressure on the government to infuse capital into public sectors banks to meet Basel-III norms by March 2019, bankers ...
 Sify2 weeks ago
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