RBI

RBI approved dividend of Rs 57,128 crore to central government for the current financial year

Reserve Bank of India approved a dividend worth Rs. 57,128 crore to central government for the current financial year.

SS Mundra, former RBI deputy governor designated as non-executive chairman of Indiabulls Housing

KV Kamath panel formed by RBI to make policy on loan restructuring during this pandemic

Veteran banker KV Kamath is making a comeback to India after five years — this time heading a panel that will work out the contours of a mega one-time restructuring plan to assist stressed borrowers hit by the coronavirus pandemic.

Repo rate retained at 4%, Real GDP to remain negative; Market sentiment uplifted

The RBI has announced in the RBI Monetary policy that the repo rate will remain unchanged at 4% and Real GDP to remain negative, Stock markets trade higher post announcement.

Extension unlikely for RBI’s Monetary Policy Committee members, 4 new appointments to be made by panel headed by Tarun Bajaj

The three members whose tenure is due to end 30 September are Ravindra Dholakia, Pami Dua and Chetan Ghate. They are all external to RBI and were appointed by the government in 2016. Janak Raj, an executive director at the RBI and an MPC member, retired in June, and hence the search is for four new faces.

President promulgated the Ordinance reviving RBI without Moratorium

The President promulgated the Ordinance of the Banking Regulation Amendment. The signing was officially complete on Friday. Since, it empowers the Reserve Bank of India to undertake revival plans for banks.

NPCI: Concerns regarding transactions on third party apps like Google Pay can be redressed

‘All transactions are safe under RBI and NPCI guidelines’ claims Google Pay

RBI composes new draft norms for Home Loans lenders

The RBI composes a draft that has given a long and easy road for agreement. Since, it wishes to ease rules governing housing finance companies (HFC’s). Also, non-banking finance companies (NBFC’s).

RBI supports Google Pay from economist Mishra’s lawsuit

Since, Google Pay is a third party app provider. And it does not operate on any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007.

Kotak Mahindra shares surge after Uday Kotak unloads shares to conform with RBI standards

GDP Estimates: Q4 GDP stands at 3.1%, FY20 GDP reported at 20%

Former FM P. Chidambaram condemns govt. for withdrawing RBI bonds Scheme