Reserve Bank of India
Political expediencies can't dictate capital buffer for banks, Says senior RBI official
Fri, Dec 07, 2018
In a scathing attack on the government demand for liberalising capital norms for banks, a senior Reserve Bank official Thursday made it clear that lenders aspiring to meet the bare minimum core buffers will be condemned to stay poor and warned that banking regulations should not be based on political expediencies.
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RBI delays discussing easing curbs despite government pressure: Source
Thu, Dec 06, 2018
The source said that the central bank`s board for financial supervision (BFS) only discussed the banks` September quarter results and did not address the so-called prompt corrective action (PCA) plan that they currently have to operate under. That plan which restricts their lending has been imposed in recent years after the 11 suffered from a surge in bad loans, capital depletion and mounting losses.
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RBI Monetary Policy: SLR cut by 25 bps from next month; this is how it may well reduce your EMIs
Wed, Dec 05, 2018
RBI Monetary Policy: This means there will be no more MCLR, Base rate, prime lending rate and BPLR. In fact, bank will now have no opportunity to change interest rate of old borrowers, while hiking the lending rates in near-term future.
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RBI monetary Policy Review Key Takeaways: No cut in rates, Governor Urjit Patel led MPC keeps repo rate at 6.5 pct
Wed, Dec 05, 2018
In the Fifth Bi-monthly Monetary Policy Statement, 2018-19, the Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India was announced and on the basis of an assessment of the current and evolving macroeconomic situation at its meeting today
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RBI Policy Meet: Read full statement here
Wed, Dec 05, 2018
The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
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RBI to bring you pain, hike interest rates today? This is how much more you will pay for home, auto, personal loans
Wed, Dec 05, 2018
In fact, one should definitely pray that RBI chooses to put a status quo in this policy, as data reveals that home loans, auto loans and personal loans are already expensive due to rise in MCLR rates since March 2018.
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'Death' of this Cheque! SBI, HDFC, PNB, ICICI, BoB, other bank customers - These to become INVALID
Tue, Dec 04, 2018
Non-CTS cheques used by customers of all banks including State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda, Punjab National Bank and others will become invalid from January 1.
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RBI Monetary Policy Review: Repo rate may remain unchanged! Is this good or bad news for you?
Mon, Dec 03, 2018
RBI Monetary Policy Review December 2018: Will key interest rates rise, fall or stay at current levels? This big question is generating much anxiety among policy makers, corporates and even the public.
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