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Home > Reserve Bank of India
Reserve Bank of India
In a statement, the ICAI said it has sought requisite details of their findings as well as that of any 'member/firm alleged to be involved in the matter'.
PMC Bank case: ICAI to check role of auditors
02 Oct 2019 3:57 PM

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies.

The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps.
RBI set to cut rates again as fiscal measures fail to cheer
02 Oct 2019 2:39 PM

With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.

RBI Governor Shaktikanta Das has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited.
RBI begins policy review meet; rate cut on cards to boost economy
01 Oct 2019 5:17 PM

The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.

are protected.  The action was necessitated as in case of PMC Bank, the small depositors constitute around two-thirds of its depositor base, a source explained. (Photo: File)
Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors
01 Oct 2019 9:39 AM

RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.

Commercial borrowings remained the largest component of external debt, with a share of 38.4 per cent, followed by non-resident deposits (24 per cent) and short-term trade credit (18.7 per cent), the RBI said in a release. (Representational Image)
India's external debt rises to USD 557.4 billion end-June 2019
01 Oct 2019 9:13 AM

Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion.

The crisis raises question mark on role of various people whether it is regulator, auditors, directors and other officials, Mos Finance Anurag Thakur said on the sidelines of an event organised by Punjab National Bank in New Delhi. (Photo: File)
PMC Bank crisis 'eye opener', RBI looking into lapses: Thakur
30 Sep 2019 3:35 PM

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

Shivaji is likely to replace Viral Acharya, who citing unavoidable personal circumstances, resigned as deputy governor of Reserve Bank of India in June.
IAS Kshatrapati Shivaji front runner for RBI deputy governor post: Report
30 Sep 2019 3:20 PM

Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.

It can be noted that the GDP growth has slipped to a six-year low of 5 per cent in the June quarter, which led the government to announce several booster doses. The RBI too has been on a rate cutting spree and has cut the benchmark repo rate four times to the tune of 110 bps since February this year to push economic growth.
RBI to cut rates again on Friday
30 Sep 2019 2:40 AM

n this rate easing cycle, the terminal rate could reach 5 per cent or a tad lower by the end of FY20: Madhavi Arora.

The slum redevelopment focused Housing Development and Infrastructure Ltd HDIL is in the bankruptcy court now after being hit by a severe cash crunch following the failure of some of its key projects in Mumbai.
PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD Thomas to RBI
29 Sep 2019 6:00 PM

The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.

Earlier, the RBI Governor Shaktikanta Das had said the government has little fiscal space, giving hopes that the RBI may provide more monetary stimulus to prop up the economy.
RBI may go for another rate cut on Oct 4: Experts
29 Sep 2019 4:30 PM

RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.

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