Tag archive for ‘RBI’
By Loknath Das On Monday, May 13th, 2019

RBI To Come Up With App For Visually Impaired For Currency Identification

The Reserve Bank of India has made a proposal to come up with a mobile app for enabling visually impaired to identify bank notes. Currently, the currency under circulation includes bank notes in the following denomination More...

By Loknath Das On Tuesday, December 18th, 2018

MA in History, Shaktikanta Das is first non-economist in 28 years to be RBI governor

There are no fixed eligibility criteria for appointment of a person as the RBI governor. According to the RBI Act, appointment of governor is approved by the PMO on the recommendation of the finance minister. Shaktikanta More...

By Loknath Das On Monday, September 3rd, 2018

This week in banking: Cash remains the king post demonetisation, says RBI

Whether demonetisation was a success or failure, today, cash remains the king as there is more of it in the economy than there was on November 8, 2016. Indian households are saving more now, a large part being More...

By Loknath Das On Monday, August 13th, 2018

RBI net sells $6.184 bn of US currency in June

Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold $6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting More...

By Loknath Das On Tuesday, June 19th, 2018

RBI to hike rates again by year-end, August still in play: Poll

The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early More...

By Loknath Das On Saturday, June 16th, 2018

No research before ban: Was RBI reckless to stop banks from dealing with cryptocurrencies like Bitcoin?

The RBI on April 6 dealt a body blow to all the cryptocurrency exchanges and individuals doing virtual currency business in India by asking regulated institutions like banks to stop providing services to them. More...

By Loknath Das On Monday, April 16th, 2018

RBI Probe In 2016 Found No Proof Of ‘Quid Pro Quo’ In Videocon Loans

The Reserve Bank of India had found no proof of any “quid pro quo” or reciprocal benefits being extended by ICICI Bank to the Videocon group, when it conducted a detailed probe nearly two years ago, according More...

By Loknath Das On Friday, February 23rd, 2018

Currency circulation in India at 99% of pre-demonetisation level: RBI data

The demonetisation move on 8 December 2016 sucked out 86% of the currency in circulation. Photo: AP Mumbai: Currency in circulation in India stood at Rs17.78 trillion as on 16 February, reaching 98.94% of the More...

By Loknath Das On Wednesday, February 14th, 2018

Banks Set To Raise Lending Rates, Pre-Empting RBI, Says Report

New Delhi/Mumbai: India’s struggling economy is facing a new challenge: banks are raising interest rates even though the Reserve bank of India (RBI) is leaving its rates unchanged, as risks such as surging More...

By Loknath Das On Wednesday, February 14th, 2018

RBI Announces New System To Settle Bad Loans

The RBI said that all prior schemes will be withdrawn with immediate effect HIGHLIGHTS RBI sought to push more large loan defaulters toward bankruptcy courts New rules aimed at creating harmonized, simplified More...