Saturday, November 23, 2024

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RBI

Economy and Finance

RBI relaxes withdrawal limit for PMC Bank account holders from Rs 1,000 to Rs 10,000 per account

OpIndia Staff -
The Reserve Bank of India had earlier enforced regulatory restrictions on the PMC bank limiting its customers from withdrawing not more than Rs 1000.
News Reports

After RBI’s restrictions on PMC bank, customers file police complaint against bank officials

OpIndia Staff -
The Reserve Bank of India on Tuesday imposed restrictions on PMC Bank (Punjab and Maharashtra Cooperative Bank), a Mumbai based urban cooperative bank
News Reports

No, Rahul Gandhi, the govt is not ‘stealing RBI money’: Here are the facts

OpIndia Staff -
The RBI act, 1934, mandates the central bank to transfer surplus amount it profited to the centre
News Reports

RBI to transfer surplus of Rs 1.76 lakh crore to the government as per Bimal Jalan Committee recommendation

OpIndia Staff -
RBI found that it has more capital than required, and decided to transfer the excess amount to the government
Economy and Finance

The skewed analysis must stop: We need to stop looking at just the repo rates and talk about real rates instead

Karan -
A recent article by a commentator in Hindustan Times mentions that the MPC had little ability to stimulate growth
News Reports

RBI to launch mobile app for currency note identification to help visually impaired people

OpIndia Staff -
If successful, the RBI would help about 80 lakh blind or visually impaired people in the country
News Reports

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis

OpIndia Staff -
Urjit Patel held dilatory tactics adopted by the regulator, government and the banks till 2014 responsible for the looming NPA crisis
Economy and Finance

RBI Deputy Governor Viral Acharya resigns, six months prior to scheduled end of term

OpIndia Staff -
Acharya reportedly had a difference of opinion with Reserve Bank Governor Shaktikanta Das over easing of interest rates to boost economic growth.
News Reports

Letter reveals Karnataka Congress-JDS govt ignored RBI warning and did not act against ‘halal’ investment group, IMA

OpIndia Staff -
The Karnataka police did not file an FIR citing 'procedural issues'.
Economy and Finance

RBI cuts repo rates for third time in a year; alters policy stand to ‘accommodative’

OpIndia Staff -
The RBI has delivered a rate cut of 25 bps, making it three consecutive rate cuts in a year
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