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RBI’s Financial Stability Report

BE/RBI/37/2016   RBI has published its Financial Stability Report (FSR), which states that the health of Banking Sectors lending sector is struggling with a deteriorating asset quality which is a hidrance to their growth.   The report adds, that overall India’s financial system remains steady, however, the stress on the banking sector, particularly on the

RBI’s Financial Stability Report

BE/RBI/37/2016   RBI has published its Financial Stability Report (FSR), which states that the health of Banking Sectors lending sector is struggling with a deteriorating asset quality which is a hidrance to their growth.   The report adds, that overall India’s financial system remains steady, however, the stress on the banking sector, particularly on the

MONETARY POLICY COMMITTEE AGREES ON NO RATE CUT

Come December the RBI monetary committee will come out with its next policy details.  The MPC (Monetary Policy Committee) Panel which is vested with the task of setting the regulator’s rates, has been unanimous in its decision that the REPO rate should be kept unchanged which stayed at 6.25 per cent. During a meeting on

MONETARY POLICY COMMITTEE AGREES ON NO RATE CUT

Come December the RBI monetary committee will come out with its next policy details.  The MPC (Monetary Policy Committee) Panel which is vested with the task of setting the regulator’s rates, has been unanimous in its decision that the REPO rate should be kept unchanged which stayed at 6.25 per cent. During a meeting on

RBI allows banks to park old currency at district chests

BE/RBI/36/2016 To unblock the storage facility of banks with the old Rs. 500 and 1000 notes, RBI has now permitted the lenders to park such currencies at the currency chest at the district level keeping in view the mounting deposits.  RBI further clarified that the Currency Chest, which is operating at the point shall be

RBI allows banks to park old currency at district chests

BE/RBI/36/2016 To unblock the storage facility of banks with the old Rs. 500 and 1000 notes, RBI has now permitted the lenders to park such currencies at the currency chest at the district level keeping in view the mounting deposits.  RBI further clarified that the Currency Chest, which is operating at the point shall be

RBI to ease genuine pain of citizens: Patel

BE/RBI/35/2016 The Reserve Bank of India (RBI) Governor Urjit Patel on Sunday said the central bank is monitoring the situation on a daily basis and taking necessary action to “ease the genuine pain of citizens”, and would be putting things in place as soon as possible. Patel also informed that RBI has announced an incremental

RBI to ease genuine pain of citizens: Patel

BE/RBI/35/2016 The Reserve Bank of India (RBI) Governor Urjit Patel on Sunday said the central bank is monitoring the situation on a daily basis and taking necessary action to “ease the genuine pain of citizens”, and would be putting things in place as soon as possible. Patel also informed that RBI has announced an incremental

RBI opens vaults for banks to keep old notes

BE/RBI/34/2016 Now that the bank currency chests are over flowing with old, banned notes, the Reserve Bank of India (RBI) informs that these specified bank notes (SBN) could be deposited at their offices. RBI has further added that these SBNs will remain in the vaults of RBI offices under whose jurisdiction they are located, under

RBI opens vaults for banks to keep old notes

BE/RBI/34/2016 Now that the bank currency chests are over flowing with old, banned notes, the Reserve Bank of India (RBI) informs that these specified bank notes (SBN) could be deposited at their offices. RBI has further added that these SBNs will remain in the vaults of RBI offices under whose jurisdiction they are located, under