Page 2 - Rbi

Rating agencies seek harmonisation of norms for debentures and loans

The purpose of such a mechanism is to get better ratings and reduce cost of funds for an entity floating instruments.

RBI to transfer Rs 30K cr surplus to govt for FY22; lowest amount in 8 yrs

Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021

Reserve Bank board approves Rs 30,307 cr dividend payment to govt for FY22

The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.

Rupee slips to fresh low against dollar for fourth straight trading session

The rupee opened weaker at 77.70/$ as compared to Wednesday's close of 77.58/$ and traded in a narrow range amid intervention from the central bank

'RBI rate hike was moderate as CRR was also raised': Ashima Goyal

Monetary policy committee says decision to cut repo rate was at the correct time.

RBI allows settlement of trade transactions with Sri Lanka in Indian rupee

Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948

RBI asks for option of interoperable card-less cash withdrawal at ATMs

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

RBI approves India, Sri Lanka trade settlement in rupee outside ACU

Regulatory nod only for State Bank of India's term loan of $1 billion for island nation battling economic crisis.

Bank credit grows 10.82%; deposits rise 9.71% in fortnight ended May 6: RBI

In FY22, bank credit rose by 8.59% and deposit by 8.94%

RBI seeks option of interoperable card-less cash withdrawal at ATMs

NPCI has been advised to facilitate Unified Payments Interface integration with all banks and ATM networks, says RBI

Flow of money into NRI deposits moderates to $3.23 bn in FY22: RBI data

Outstanding deposits have also gone down to $139.02 billion at the end of March 2022. This compares to $141.89 billion a year ago, according to Reserve Bank of India (RBI) data.

Central banks and the rule of law

In a constitutional democracy, the RBI is bound by the law to focus on its core mandate

At $20 bn, RBI makes highest-ever dollar sales in spot markets in a month

The central bank has been intervening in all segments of the currency market, which has slowed the pace of rupee depreciation.

Outward remittances through RBI's LRS hit an all-time high in FY22

In FY22, outflows under the LRS scheme was to the tune of $19.61 billion, up 54.6 per cent from FY21, data released by the RBI showed

Top headlines: Elbers appointed as IndiGo CEO; GST hike likely on casinos

Business Standard brings you top news of the evening

RBI's criticism for 'delayed' rate hike unfair, says ex-Guv D Subbarao

The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday

On-tap licence: Sachin Bansal, five other applicants rejected by RBI

11 entities had applied for on-tap bank licences since the guidelines were released by the Reserve Bank of India

RBI says 6 of 11 applicants found not suitable for bank permits: Full list

RBI announces decision on six of eleven pending applications for universal bank licence / small finance bank licence

RBI likely to hike rates by 75 bps by August, say SBI economists

The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events

Vehicle fuel prices responsible for around 30% of April inflation spurt

The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month