Reserve Bank of India
If required, the government may request the Reserve Bank of India for interim dividend of Rs 25,000-30,000 crore during the current fiscal, an official said. (Photo: Representational)
Govt may seek Rs 30,000 cr interim dividend from RBI
29 Sep 2019 2:39 PM

Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth.

Markets are expected to consolidate further with the bias on the positive side. We feel the upcoming RBI monetary policy review meet could trigger the next directional move, said Ajit Mishra, Vice President, Research, Religare Broking Ltd.
RBI rate decision, macro data to steer markets in holiday-shortened week: Analysts
29 Sep 2019 11:04 AM

Markets would remain closed on Wednesday for 'Mahatma Gandhi Jayanti'.

(Photo: File)
Plea for probe into alleged misappropriation of funds by Indiabulls, HC seeks reply
27 Sep 2019 3:28 PM

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Centre, RBI and Indiabulls.

The development came after protests from PMC Bank customers in past two days following the RBI's move to allow the co-operative bank's customers to withdraw only a sum of Rs 1,000 from their accounts over the next six months. (Photo: File)
RBI raises withdrawal limit for PMC bank customers to Rs 10,000
26 Sep 2019 5:02 PM

In a statement, the central bank said PMC Bank customers can now withdraw Rs 10,000 from their account, instead of Rs 1,000.

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)
PMC Bank has enough liquidity, depositors' money fully safe, claims suspended MD
26 Sep 2019 12:50 PM

RBI has capped cash withdrawal at Rs 1,000 per customer during this period and banned the bank from any fresh lending.

Reports appearing in some sections of social media about the RBI closing down certain commercial banks are false," Reserve Bank of India said in a statement. (Photo: Representational)
RBI rebuts social media rumours on closure of 9 banks
25 Sep 2019 5:31 PM

Finance secretary Rajiv Kumar discribed such social media messages as 'mischievous.'

The RBI, however, said the issue of the directions to PMC Bank should not be construed as cancellation of banking licence by the central bank. PMC Bank can continue to undertake banking business with restrictions till further notice/instructions from RBI.
RBI puts restrictions on PMC Bank for 6 months
25 Sep 2019 2:06 AM

Depositors panic as withdrawals capped at Rs 1,000 per account.

It is necessary for the RBI governor to understand what is the role of monetary policy, and the importance of financial stability, it also important for the governor to understand the nuances of the real economy and have the ability to take into account all the incoming data and take the appropriate decision, said RBI Gov Shaktikanta Das. (Photo: File)
Experience more relevant than what you learnt 35-40 years ago: RBI Gov Das
22 Sep 2019 6:44 PM

RBI Gov Shaktikanta Das was responding to a question whether his academic qualification weighed him down as the governor.

The government is active, the fundamentals of Indian economy is intact and we will continue to do whatever it required to take india back to high trajectory growth rate, said Niti Aayog CEO Amitabh Kant. (Photo: File)
Govt doing everything possible to bring India back on high growth path: Kant
18 Sep 2019 6:17 PM

We need to think what kind of innovation we need to undertake to attain a high growth, said Niti Aayog CEO Amitabh Kant.

There is a whole bunch of things that the finance minister just announced. There will be more. Of course, there is a Budget in few months from now where bigger and more clear vision for next few years will be unveiled," said Principal Economic Adviser Sanjeev Sanyal. (Photo: File)
More space on monetary side than fiscal for boosting growth: Sanyal
18 Sep 2019 12:40 PM

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.


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