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Rupee Weakens against Dollar: MPC minutes of RBI

BE/RBI NOTE/32/2018 Fears caused by Inflation followed by Oil rate hike has led to a hike in overall rates resulting in a weakened rupee. The risk of inflationary pressure coupled with increased oil prices forced the MPC committee of RBI to go for a rate hike in early August this year. The MPC members raised

17 Aug

Rupee Weakens against Dollar: MPC minutes of RBI

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BE/RBI NOTE/32/2018 Fears caused by Inflation followed by Oil rate hike has led to a hike in overall rates resulting in a weakened rupee. The risk of inflationary pressure coupled with increased oil prices forced the MPC committee of RBI to go for a rate hike in early August this year. The MPC members raised

RBI Eyes On 200 Top Bad Loan Accounts

BE/RBI NOTE/31/2018 In order to avoid disgusting surprises in the bankruptcy court or surprises after debt resolution, RBI has identified around 200 loan accounts and thus would be going through books as far as 2011, as a part of their inspection process. Some of such accounts include Videocon, Essar Steel, ABG Shipyard, Bhushan Steel and

14 Aug

RBI Eyes On 200 Top Bad Loan Accounts

Admin Bankedge

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BE/RBI NOTE/31/2018 In order to avoid disgusting surprises in the bankruptcy court or surprises after debt resolution, RBI has identified around 200 loan accounts and thus would be going through books as far as 2011, as a part of their inspection process. Some of such accounts include Videocon, Essar Steel, ABG Shipyard, Bhushan Steel and

RBI’s Dividend to Government of India for 2017-18

BE/RBI NOTE/30/2018 Reserve Bank of India would be paying a dividend of Rs. 50,000 crore to the Union Government for the year ended June 30, 2018. It is understood that the board meeting of RBI Directors, which met in Mumbai, on August 8, 2018 has approved the transfer of surplus amounting to Rs. 50,000 crore

09 Aug

RBI’s Dividend to Government of India for 2017-18

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BE/RBI NOTE/30/2018 Reserve Bank of India would be paying a dividend of Rs. 50,000 crore to the Union Government for the year ended June 30, 2018. It is understood that the board meeting of RBI Directors, which met in Mumbai, on August 8, 2018 has approved the transfer of surplus amounting to Rs. 50,000 crore

RBI hikes REPO RATE

BE/RBI NOTE/29/2018 What Experts guessed has come true. RBI has raised the REPO rate by 25 Basis Points to 6.50 per cent and the Reverse REPO rate also stands revised to 6.25 per cent which was hitherto 6.25 per cent. This is the first time in nearly five years that the RBI has gone for a

02 Aug

RBI hikes REPO RATE

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BE/RBI NOTE/29/2018 What Experts guessed has come true. RBI has raised the REPO rate by 25 Basis Points to 6.50 per cent and the Reverse REPO rate also stands revised to 6.25 per cent which was hitherto 6.25 per cent. This is the first time in nearly five years that the RBI has gone for a

Mounting Inflation might compel RBI to increase interest Rates

BE/RBI NOTE/28/2018 In a period of two months, possibility of the interest rates being hiked by RBI is foreseen during the ensuing bi-monthly policy meeting.   More Details are furnished below: A positive change resulting in high risks of inflation is said to be the main reason for the increase. A poll conducted consisting of over

30 Jul

Mounting Inflation might compel RBI to increase interest Rates

Admin Bankedge

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0

BE/RBI NOTE/28/2018 In a period of two months, possibility of the interest rates being hiked by RBI is foreseen during the ensuing bi-monthly policy meeting.   More Details are furnished below: A positive change resulting in high risks of inflation is said to be the main reason for the increase. A poll conducted consisting of over