Revival of demand, investment top priority: RBI annual report

Mumbai: Reviving consumption demand and private investment remains the top priority in the current fiscal, the Reserve Bank of India (RBI) said on Thursday, signalling the possibility of at least one more interest rate cut this year. To revive growth, governor Shaktikanta Das asked banks to pass on past rate cuts to borrowers at a faster pace by linking lending […]

Read More →
RBI tweaks norms on VRR investment by FPIs

The Reserve Bank of India Friday fixed the investment limit at Rs 54,606.55 crore for foreign portfolio investors (FPIs) under the voluntary retention route (VRR), which allows to park funds in both government securities as well as corporate debt. VRR for investments by FPIs was introduced on March 1. Limits for investment in debt by […]

Read More →
RBI seen keeping rates on hold as inflation concerns revive

The Reserve Bank of India (RBI) is expected its policy rate unchanged at a policy meeting this week despite a sharp slowdown in economic growth, after inflation surged to a five-month high, threatening the central bank’s target. The RBI has made a priority of maintaining consumer inflation at around 4% — the midpoint of its […]

Read More →
RBI caps group entity exposure limit for banks at 25%

The group entity exposure limit norms will be effective 1 April 2019. Photo: Aniruddha Chowdhury/Mint Mumbai: The Reserve Bank of India said on Thursday it will cap banks’ exposure to a single entity to 20% of a lender’s capital base and to 25% limit to a group of connected entities, according to a circular on […]

Read More →
RBI looks to limit banks’ bad loan risks

RBI gives banks until 2019 to meet the new capital exposure norms. Photo: Aniruddha Chowdhury/Mint Mumbai: The Reserve Bank of India (RBI) on Thursday said it would cap banks’ exposure to a group of connected companies at 25% of the lenders’ core capital, seeking to reduce concentration risk in a banking industry laden with bad […]

Read More →
RBI seen holding rates in Tuesday’s policy, says poll

The RBI was likely to leave the cash reserve ratio unchanged at 4%, according to the poll. Aniruddha Chowdhury/Mint Bengaluru: Outgoing Reserve Bank of India governor Raghuram Rajan is likely to keep interest rates on hold on Tuesday, leaving it to his successor to decide if inflation is subsiding enough after the monsoon season to […]

Read More →
RBI Hikes Foreign Holding Limit To 74% In Yes Bank

Mumbai: Reserve Bank on Friday increased the foreign holding limit to 74 per cent of the paid-up capital in Yes Bank under the portfolio investment scheme. Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74 per cent from from the existing 60 per cent of the paid-up capital of Yes […]

Read More →
RBI leader Raghuram Rajan: won’t see robust foreign investor promoting due to Brexit

Rajan says India needed to cognizance on forming its monetary coverage committee and passing a key tax reform or the GST to make certain macro-economic stability. photo: Bloomberg Mumbai: Indian regulators moved to calm investors’ nerves on Friday as neighborhood markets joined ainternational promote-off, sparked through Britain’s vote to go out the ecu Union (european). […]

Read More →