Tag Archives: RBI

MUMBAI: The Governor of the Reserve Bank of India, Shaktikanta Das, will announce the policy decision of the monetary policy committee on Thursday at 10 am. This is the first meeting of the new MPC that was formed after the appointment of three external members: Jayant Verma, Ashima Goyal and …

On Wednesday, the central government appointed M. Rajeshwar Rao as deputy governor of the Reserve Bank of India, it said in a notification. He is currently the CEO of RBI. The Union’s Cabinet Appointments Committee has approved the appointment, the notification said. Rao succeeds NS Vishwanathan as fourth deputy governor. …

The Reserve Bank of India will announce monetary policy on October 9. “The next meeting of the Monetary Policy Committee (MPC) is scheduled for October 7-9, 2020,” the RBI said in a statement. On Monday, the government appointed three eminent economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as …

On Monday, the government appointed economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as members of the Monetary Policy Committee (MPC) that sets the rates of the Reserve Bank of India (RBI). The appointment of the three RBI members was issued by notification in the official gazette of the …

The Supreme Court (SC) said on Monday that the affidavit presented by the Center on October 2 on the exemption of compound interest on defaulted loans after the coronavirus disease (Covid-19) does not address several issues raised by various petitioners. and asked the government and the Reserve Bank of India …

NEW DELHI: The Center will waive ‘interest on interest’ charges on loans until ₹2 crore for six months through August. In an affidavit to the Supreme Court, the government said that due to unprecedented conditions “the only solution is for the government to bear the burden of waiving interest” and …

The government said Wednesday that it will stick to the ₹The $ 12 trillion borrowing plan it had laid out in May, a move that will help calm bond market investors who feared a further increase in the supply of government bonds to fund a second round of fiscal stimulus. …

MUMBAI : India posted a record current account surplus of $ 19.8 billion in the April-June quarter due to falling imports. The quarter also saw a decline in net foreign portfolio and foreign direct investment, while remittances from foreign workers fell. The current account surplus increased sharply to 3.9% of …

For the last 10 quarters, Lakshmi Vilas Bank has been incurring losses and the RBI subjected it to Rapid Corrective Action (PCA) in September 2019. For the first time in the history of any bank in India, the shareholders of Chennai-based Lakshmi Vilas Bank removed seven directors and auditors at …

In an attempt to make digital debit and credit card payments more secure, the Reserve Bank of India (RBI) has issued several new guidelines that will take effect from tomorrow, October 1, 2020. Let’s take a look at RBI’s new guidelines for credit and debit cards starting tomorrow: 1) At …