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Rupee, oil crisis: RBI set to make big change in stance?
Thu, Sep 20, 2018
The CPI inflation for Q2 FY2019 set to lag the monetary policy committee’s (MPC’s) estimate of 4.6%, the likelihood of a rate hike in the October 2018 policy review was low, in spite of the rupee having weakened to Rs 70.23/$ (RBI reference rate as on August 16, 2018).
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Full list of Bank Fraud Cases with PM Modi's Office: Raghuram Rajan reveals
Wed, Sep 12, 2018
Former Reserve Bank of India governor Raghuram Rajan has told a Parliamentary panel that the full list of high-profile cases related to banking frauds was sent to the Prime Minister's Office (PMO) for a coordinated action.
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Urjit Patel completes two years as RBI Governor; put into effect "deep surgery" initiated by Raghuram Rajan
Mon, Sep 03, 2018
As Patel completes two years in office as the RBI Governor, the jury is still out whether he has been a 'hawk' -- as prescribed by many economists to contain inflationary pressures and to tame the monster of loan defaults -- or a 'dove' as others, including those in the government, wanted him to always cut rates to boost growth.
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Fixed Deposit (FD) rates in India to rise further? What RBI annual report 2017-18 hints at
Wed, Aug 29, 2018
The RBI annual report 2017-18 hints that the high Fixed Deposit (FD) rate regime, triggered by recent repo rate hikes by the Reserve Bank of India, is likely to continue in the next financial year.
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Improve governance practices or perish: RBI to urban cooperative banks
Sat, Aug 25, 2018
MUMBAI: The Reserve Bank has asked urban cooperative banks, which have been facing a steady decline in their market share for over a decade now, to improve their management and governance practices so that customers repose their trust in them and the banks can remain relevant.
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Farm loan waivers vs loans to India Inc: Check out shocking stats; Rs 10,345 cr against Rs 1.18 lakh cr
Thu, Aug 09, 2018
Reserve Bank of India (RBI) governor Urjit Patel last year said that farm loan waivers distort the credit culture and impair the national balance-sheet, but if you look at the figures the quantum of farm loans waived is minuscule compared to loans to India’s corporate sector.
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ARCs feast on stressed hotels as banks shed bad debt
Mon, Aug 06, 2018
After failing to recover loans to the hospitality sector, banks are selling these properties to asset reconstruction companies (ARCs). Edelweiss ARC and the Delhi-based Alchemist ARC are some of the companies which are actively buying out the bad debt in the hospitality sector.
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