RTGS facility will not operate on 2nd, 4th Saturdays: RBI

Last Updated: Tuesday, September 1, 2015, 18:45

The RTGS system, which allows real time transfer of large funds, will not be operated on second and fourth Saturdays with banks observing public holiday on that days, the Reserve Bank said Tuesday.

SBI, ICICI Bank hail D-SIBs tag, say have higher capital base

Last Updated: Monday, August 31, 2015, 23:25

Welcoming Reserve Bank decision to declare them as systemically important banks, state-owned SBI and private sector ICICI Bank Monday said their capital adequacy is much higher than required.

Govt asks RBI to reverse I-T deductions of Telangana

Last Updated: Monday, August 31, 2015, 23:04

Finance Ministry Monday asked RBI to reverse the Rs 1,274.21 crore income tax deductions it had made from the account of Telangana government saying the action was not in consonance with the "Principle of Cooperative Federalism".

Post GDP data, India Inc presses for cheaper capital

Last Updated: Monday, August 31, 2015, 22:55

With economic growth slowing to 7 percent in the April-June quarter, India Inc said on Monday the subdued performance indicates that the cost of capital needs to come down, demanding a rate cut by RBI.

RBI says SBI, ICICI Bank systemically important banks

Last Updated: Monday, August 31, 2015, 21:22

RBI Monday identified state-owned SBI and private sector ICICI Bank as systemically important banks and subjected them to higher levels of supervision to prevent disruption to financial services in event of any failure.

RBI official asks banks not to use govt capital to clean books

Last Updated: Monday, August 31, 2015, 19:04

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

India plans to amend RBI Act by Feb to set up monetary panel: Official

Last Updated: Monday, August 31, 2015, 14:18

The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country`s monetary policy, retiring Finance Secretary Rajeev Mehrishi told Reuters.

Hope RBI takes note of low inflation, oil prices: FM Jaitley

Last Updated: Monday, August 31, 2015, 13:23

In a scenario where inflation is under control, the quantum of interest rate cut is "the prerogative of the RBI", he said.

GCPL shares gain over 5% on RBI move

Last Updated: Monday, August 31, 2015, 13:05

Shares of Godrej Consumer Products Ltd surged over 5 per cent on Monday after the Reserve Bank said foreign investors can buy up to 40 per cent of the paid-up capital in GCPL under the portfolio investment scheme (PIS).

Political economy a reality for central bankers: RBI's Rajan

Last Updated: Sunday, August 30, 2015, 15:19

At this year's symposium, which ended last night, Rajan said when it comes to the modern central banks' focus on targeting inflation, it is the "history and political economy" that determines which side of the inflation band needs to be emphasised.

Political economy a reality for central bankers: Raghuram Rajan

Last Updated: Sunday, August 30, 2015, 15:19

At this year's symposium, which ended last night, Rajan said when it comes to the modern central banks' focus on targeting inflation, it is the "history and political economy" that determines which side of the inflation band needs to be emphasised.

Payments banks: NPCI to ramp up capacity to 100 mn deals a day

Last Updated: Sunday, August 30, 2015, 14:58

"We are ramping up the switching capacity from 40 million per day to 100 million. We are fully geared for all the payments banks," its managing director and chief executive A P Hota said last week.