Tag: RBI
Most NPAs Originated In 2006-08, Banks To Blame: Raghuram Rajan
Former RBI Governor Raghuram Rajan has said that a big number of non-performing assetes (NPAs) originated in 2006-08 when India's economic growth was strong while some banks proved inadequate in making proper due diligence....
RBI Looked The Other Way When Banks Lent Freely, Ran Up NPAs: Jaitley
Finance Minister Arun Jaitley on Tuesday held the central bank responsible for the mountain of bad loans, saying the Reserve Bank looked the other way when banks lent indiscriminately during 2008-14 to keep the economy humming.....
Rahul Hopes RBI Governor Will Show Modi 'his Place'
Congress President Rahul Gandhi on Monday attacked the Centre with destroying institutions and hoped Reserve Bank of India (RBI) Governor Urjit Patel will show Prime Minister Narendra Modi "his place". He charged Modi with attempting to "destroy the RBI" through his "puppets" and "cronies".....
RBI Keeps Policy Rate Intact; Stance Unchanged
In its penultimate monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 per cent for the second time in succession.....
Urjit Patel's Resignation Signals Dangerous Trend: AIBEA
Although the All India Bank Employees Association (AIBEA) had earlier demanded RBI Governor Urjit Patel's resignation, his calling it quits on Monday has left the banking body shocked and disturbed and it has termed it a "dangerous trend".....
Shaktikanta Das Appointed New RBI Governor
The government on Tuesday appointed Shaktikanta Das, who as Economic Affairs Secretary steered the monetary situation post-demonetisation, as the new RBI Governor, a day after Urjit Patel resigned amidst a tiff with the government on the RBI's autonomy.....
RBI To Carefully Consider Liquidity Inducing Measures: Governor Das
Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become "loose money" and the apex bank would excercise the measures with caution.....
India Gets Anti-satellite Capability To Become Space Superpower: PM
India on Wednesday became "a space superpower" by becoming the fourth country to acquire anti-satellite capability, Prime Minister Narendra Modi announced on Wednesday, calling it "a proud moment".....
Muted Growth Prompts RBI To Cut Key Lending Rate To 6%
Muted growth and subdued inflation prompted the Reserve Bank of India (RBI) on Thursday to lower its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent. ....
Finanace Ministry Positive On RBI Decsion, Change In Stance
The Finance Ministry is positive on the RBI monetary policy panel's decision to cut the repo rate by 25 basis points (effecting a third consecutive reduction in 2019 and the all important change in its stance from "neutral to accomodative"), which would pave the way for consideration by RBI for any further rate cut. ....
