Bimal Jalan-led panel to review Economic Capital Framework of RBI
The Reserve Bank of India (RBI) and the Centre have set up a six-member expert panel to review the existing economic capital framework of the central bank of India. The…
RBI to release new ₹20 currency note soon
The Reserve Bank of India (RBI) will soon introduce a new ₹20 currency note with additional features, reported PTI citing RBI Databook. The apex bank has already issued new look…
In a first, Govt. invokes Companies Act sec 130; asks NCLT to reopen books of IL&FS
The government has asked National Company Law Tribunal (NCLT) to reopen the financial books of IL&FS for the past five years, under section 130 of the Companies Act. The Ministry…
Govt.’s PSB recapitalization plan gets positive response by credit rating agencies
The centre’s decision of recapitalization of Public Sector Banks (PSBs) gets positive feedback by some of the credit rating agencies. On December 20, Finance Minister Arun Jaitley announced the infusion…
Arun Jaitley: FY19 PSU bank recapitalization will be ₹1.06 lakhs crores
Addressing the media on supplementary grants and public sector banks (PSBs), Finance Minister Arun Jaitley, on December 20, said that more capital will take some PSBs out of PCA framework.…
Government to seek interim dividend from RBI: Economic Affairs Secretary
The Economic Affairs Secretary, Subhash Chandra Garg, has said the government will seek interim dividend payout from the central bank. Garg said it is premature to comment on the quantum…
RBI credit rating might downgrade due to excess reserve transfer: Raghuram Rajan
Former Reserve Bank of India (RBI) governor, Raghuram Rajan, has cautioned that transfer of excess reserve to the government might lower the ratings of the central bank. Lowering of ratings…
Digital payments and card transactions flourish in October due to festive day sales
October witnessed a spike in the digital payments as card transactions increased, as well as, the amount paid. This could be credited to the festive season sales across e-commerce websites…
MasterCard to delete Indian’s data; warns RBI of the impact
The global leading company, MasterCard, proposes the Reserve Bank of India (RBI) a certain date from which it will start to delete Indian cardholder’s data from its global servers, however,…
YES Bank to provide RBI final list of CEO names following board meeting on 9 January
Yes Bank has been asked to submit a final list of prospective Chief Executive Officer and Managing Director to the Reserve Bank of India after the next board meeting, which…