Indian forex reserve drops to $400.84bn, shows RBI data
The special drawing rights with IMF fell by $3.4 million to $1.463 billion...
Tag : RBI
RBI’s decision to hike rates may not have significant on ground impact on housing sales
The RBIs decision to increase repo rates by 25 bps to 6.25% after 4 years speaks of a carefully deliberated decision in light of the recent inflationary pressure on the economy...
RBI appoints IDBI Bank CEO as deputy governor
State-owned IDBI Bank CEO Mahesh Kumar Jain is appointed deputy governor of the Reserve Bank of India...
RBI holds rates stable it will be business as usual for real estate
The real estate sector aligned with the government’s ambitions was in search of encouragement that would move the needle towards accelerated growth...
India’s central bank puts a stop on banks dealing in cryptocurrencies
The announcement has plunged the Indian crypto market in deep uncertainity, raising criticisms from the cryto dealers...
RBI issues US$461,313 penalty on Axis Bank
RBI found discrepancy in regulatory compliance...
Fitch says Indian banks to face $65 billion capital shortage by FY19
Stressed loans in Indian banks hit a record $150 billion at the end of December...
India’s RBI reduces repo rate by 25 bps to 6%
Reflects the slightly accommodative stance of Monetary Policy Committee...
India demonetises currency to move away from cash
But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...
India withdraws high denomination currency overnight
Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...