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The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week.(HT File Photo)

India's forex reserves increase by USD 689 million to USD 584.55 billion: RBI

PTI, Mumbai
PUBLISHED ON MAR 05, 2021 06:14 PM IST
The reserves, which have been steadily increasing over the last few months, had touched an all-time high at USD 590.185 billion for the week ended January 29.
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RBI says investments in shadow banks from FATF non-compliant jurisdictions shall not be treated on a par with that from compliant jurisdictions.mint(MINT_PRINT)
RBI says investments in shadow banks from FATF non-compliant jurisdictions shall not be treated on a par with that from compliant jurisdictions.mint(MINT_PRINT)

RBI to conduct simultaneous purchase, sale of securities for 15,000 crore

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 08:59 AM IST
The decision for the purchase and sale of the securities was taken after a review of current liquidity and financial conditions.
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The move comes at a time when India is keen to woo foreign investment in its insurance sector.(REUTERS)
The move comes at a time when India is keen to woo foreign investment in its insurance sector.(REUTERS)

RBI restricting banks from raising stakes in insurance firms: Report

Posted by Kunal Gaurav | Reuters, Mumbai
PUBLISHED ON MAR 02, 2021 05:01 PM IST
The RBI wants banks to focus on their main areas of business instead of locking away capital in non-core sectors.
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RBI JE admit card 2021.(Screengrab )
RBI JE admit card 2021.(Screengrab )

RBI JE admit card 2021 released at rbi.org.in, here's direct link to download

By hindustantimes.com | Edited by Akhilesh Nagari, Hindustan Times, New Delhi
PUBLISHED ON FEB 27, 2021 05:34 PM IST
  • RBI JE admit card 2021: Candidates who have registered for the RBI JE recruitment examination 2021 can download their admit card online at opportunities.rbi.org.in.
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RBI Assistant Manager Recruitment 2021:.(Screengrab)
RBI Assistant Manager Recruitment 2021:.(Screengrab)

RBI Assistant Manager Recruitment 2021: Apply for 29 vacancies at rbi.org.in

By hindustantimes.com | Edited by Akhilesh Nagari, Hindustan Times, New Delhi
PUBLISHED ON FEB 27, 2021 01:41 PM IST
  • RBI Assistant Manager Recruitment 2021: Interested and eligible candidates can apply for the positions online at rbi.org.in on or before March 10, 2021, until 6 pm.
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The RBI report also suggested changes in the inflation targeting framework for better transparency, accountability and operational efficiency.(REUTERS)
The RBI report also suggested changes in the inflation targeting framework for better transparency, accountability and operational efficiency.(REUTERS)

RBI in favour of retaining inflation target for 5 years

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON FEB 27, 2021 04:47 AM IST
Under India’s flexible inflation targeting (FIT) approach, the central bank is expected to work to maintain retail inflation at 4%, with an upper tolerance limit of 6% and a lower limit of 2%.
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The current framework is appropriate for the next five years, according to a report from the RBI on Friday.
The current framework is appropriate for the next five years, according to a report from the RBI on Friday.

RBI favors retaining inflation target regime

Posted by Prashasti Singh | Bloomberg
PUBLISHED ON FEB 26, 2021 02:46 PM IST
The existing mandate requires the RBI to keep headline inflation at the 4% midpoint of its target range of 2%-6%.
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India adopted the flexible inflation targeting framework in 2016 and the government is due to review the same in the near future.(MINT_PRINT)
India adopted the flexible inflation targeting framework in 2016 and the government is due to review the same in the near future.(MINT_PRINT)

India's inflation target band appropriate for next 5 years: RBI report

Posted by Prashasti Singh | Reuters
PUBLISHED ON FEB 26, 2021 02:25 PM IST
"Trend inflation to which actual inflation converges after a shock provides an appropriate benchmark for the inflation target; trend inflation has fallen from above 9% before FIT to a range of 3.8%-4.3% during FIT," the RBI said in its release.
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The governor said both the centre and the state governments have their revenue pressures and they are required to spend high sums of money to enable the country and the people to come out of the Covid-19 pandemic stress.(MINT_PRINT)
The governor said both the centre and the state governments have their revenue pressures and they are required to spend high sums of money to enable the country and the people to come out of the Covid-19 pandemic stress.(MINT_PRINT)

For petrol, diesel price reduction, centre and state need to coordinate says RBI

PTI, Mumbai
PUBLISHED ON FEB 25, 2021 01:22 PM IST
On the central bank’s digital currency, Das said a lot of work is going on internally in the RBI and some broad guidelines and approach papers will be released on it soon.
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A vendor selling clothes waits for customers at a market in Hyderabad on November 27, 2020(AFP/For Representational Purposes Only)
A vendor selling clothes waits for customers at a market in Hyderabad on November 27, 2020(AFP/For Representational Purposes Only)

India may have exited recession in 2020-end, GDP data may shed light: Report

Bloomberg
PUBLISHED ON FEB 25, 2021 11:17 AM IST
Surveys from RBI this month showed that consumers perceived the current economic situation as being better than it was in November when a similar survey was conducted.
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Das also said the RBI is “very much in the game” and is getting ready to launch its own digital currency.(ANI file photo)
Das also said the RBI is “very much in the game” and is getting ready to launch its own digital currency.(ANI file photo)

RBI has concerns about cryptocurrencies: Governor Shaktikanta Das

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON FEB 25, 2021 07:20 AM IST
In 2018, the Reserve Bank of India (RBI) had banned banks and other regulated entities from supporting crypto transactions after it found digital currencies were used to commit fraud after demonetization. Last year, the Supreme Court struck down the curbs after cryptocurrency exchan-ges challenged the move.
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RBI Office Attendant Recruitment 2021.(Screengrab )
RBI Office Attendant Recruitment 2021.(Screengrab )

RBI Office Attendant Recruitment 2021: 841 vacancies on offer

By hindustantimes.com | Edited by Akhilesh Nagari, Hindustan Times, New Delhi
PUBLISHED ON FEB 24, 2021 02:47 PM IST
  • RBI Office Attendant Recruitment 2021: Interested and eligible candidates can apply for the positions online at rbi.gov.in on or before March 15, 2021.
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CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai.(REUTERS)
CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai.(REUTERS)

RBI says it has ‘major concerns’ about Cryptocurrency

Bloomberg
PUBLISHED ON FEB 24, 2021 12:32 PM IST
  • The RBI had banned banks and other regulated entities from supporting crypto transactions in 2018 after digital currencies were used for fraud following Modi’s landmark demonetization program
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The RBI is also scheduled to conduct a special open market operation worth 100 billion rupees on Feb. 25, where it will simultaneously buy and sell bonds.(Reuters Photo)
The RBI is also scheduled to conduct a special open market operation worth 100 billion rupees on Feb. 25, where it will simultaneously buy and sell bonds.(Reuters Photo)

India bond yields surge, market expects more RBI intervention

Reuters
UPDATED ON FEB 22, 2021 04:41 PM IST
Bond yields have seen an upward bias as investor appetite has been low despite the Reserve Bank of India's assurance that it would provide ample liquidity and ensure a smooth government borrowing programme.
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The RBI has proposed classifying NBFCs into four categories based on size and risk perception.mint(MINT_PRINT)
The RBI has proposed classifying NBFCs into four categories based on size and risk perception.mint(MINT_PRINT)

RBI puts 1,000 withdrawal cap on Deccan Urban Co-op Bank

PTI, Mumbai
PUBLISHED ON FEB 20, 2021 07:53 AM IST
RBI puts 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted
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The RBI issued a Master Direction-Non-Banking Financial Company-Housing Finance Company (Reserve Bank) Directions, 2021, on Wednesday.(Aniruddha Chowdhury/Mint)
The RBI issued a Master Direction-Non-Banking Financial Company-Housing Finance Company (Reserve Bank) Directions, 2021, on Wednesday.(Aniruddha Chowdhury/Mint)

RBI issues directions for housing finance companies

PTI
PUBLISHED ON FEB 17, 2021 08:45 PM IST
The central bank said these directions, which shall come into force with an immediate effect, are aimed at preventing the affairs of any HFCs from being conducted in a manner detrimental to the interest of investors and depositors.
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File photo of finance minister Nirmala Sitharaman with RBI governor Shaktikanta Das. The central bank had pledged to support the government’s <span class='webrupee'>₹</span>12 trillion borrowing programme. (HT Photo)
File photo of finance minister Nirmala Sitharaman with RBI governor Shaktikanta Das. The central bank had pledged to support the government’s 12 trillion borrowing programme. (HT Photo)

Finance minister Nirmala Sitharaman, RBI discuss stimulus exit road map

By Gopika Gopakumar | Livemint
UPDATED ON FEB 17, 2021 06:34 AM IST
Key takeaways from the FM’s meeting with RBI’s board of directors included inflation targeting and credit expansion
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The emergence of yet more contagious Covid-19 variants with the potential to evade vaccine-derived immunity present a major risk to this recovery.(AP)
The emergence of yet more contagious Covid-19 variants with the potential to evade vaccine-derived immunity present a major risk to this recovery.(AP)

India's economic recovery is gaining steam: S&P

ANI, Singapore
PUBLISHED ON FEB 16, 2021 12:27 PM IST
India needs many things to be right for its recovery to continue. Most significantly, the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people.
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A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India. (Reuters)
A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India. (Reuters)

Fresh round of Operation Twist on February 25

By Gopika Gopakumar | Livemint
PUBLISHED ON FEB 15, 2021 11:46 PM IST
The yield on 10-year G-Sec was trading up 2 basis points at 6.01% on Monday. One basis point is one-hundredth of a percentage point.
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A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (Reuters)
A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (Reuters)

RBI sets up panel to suggest steps for strengthening, consolidating UCBs

PTI
PUBLISHED ON FEB 15, 2021 04:30 PM IST
The committee, to be headed by former RBI Deputy Governor N S Vishwanathan, will suggest "effective measures for faster rehabilitation and resolution of Urban Cooperative Banks (UCBs) and also assess their potential for consolidation in the sector."
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A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (Reuters)
A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (Reuters)

NBFCs seek relaxations to new rules proposed by RBI

By Gopika Gopakumar | Livemint
PUBLISHED ON FEB 15, 2021 12:26 AM IST
In a letter to RBI on the paper, the industry body for NBFCs, Finance Industry Development Council (FIDC), said that there is a need for uniformity in regulation since these companies perform the same credit function as banks.
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The Maharashtra education department plans to reopen schools for Classes 9 to 12 on November 23, education minister Varsha Gaikwad announced on Friday.(Raj K Raj/HT File)
The Maharashtra education department plans to reopen schools for Classes 9 to 12 on November 23, education minister Varsha Gaikwad announced on Friday.(Raj K Raj/HT File)

Financial education to be part of school textbooks in Manipur: Official

PTI, Imphal
PUBLISHED ON FEB 09, 2021 02:16 PM IST
RBI Imphal has collaborated with the state government for introducing the workbooks as part of the curriculum.
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The central bank will purchase long-term security maturing in 2024, 2028, 2030 and 2034, the notification said.(Aniruddha Chowdhury/Mint)
The central bank will purchase long-term security maturing in 2024, 2028, 2030 and 2034, the notification said.(Aniruddha Chowdhury/Mint)

RBI to purchase 20K cr worth G-Secs via OMO

By Gopika Gopakumar, Mumbai
PUBLISHED ON FEB 09, 2021 02:40 AM IST
The bond market had been waiting for the OMO announcement ever since the government announced in the budget its intent to raise 12 lakh crore for the next financial year and an additional 80,000 crore for this year.
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The central bank in December cautioned the general public against unauthorised digital lending platforms/apps with an appeal to verify the antecedents of the service provider.(Aniruddha Chowdhury/Mint)
The central bank in December cautioned the general public against unauthorised digital lending platforms/apps with an appeal to verify the antecedents of the service provider.(Aniruddha Chowdhury/Mint)

RBI received complaints against 1,509 digital lending apps

PTI, New Delhi
PUBLISHED ON FEB 08, 2021 09:36 PM IST
  • The RBI has received complaints against 1,019 unregistered or unregulated digital loan applications and 490 registered NBFCs that are engaged in digital lending, minister of state for finance Anurag Singh Thakur said in a written reply to the Lok Sabha on Monday.
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This is the first time there’s a clear signal on how much the RBI would spend on bond purchases.(Aniruddha Chowdhury/Mint)
This is the first time there’s a clear signal on how much the RBI would spend on bond purchases.(Aniruddha Chowdhury/Mint)

RBI plans more than $41 billion in bond purchases

Bloomberg
PUBLISHED ON FEB 08, 2021 12:06 PM IST
The central bank is confident it can push through the government’s borrowing plans because the target to shrink the budget deficit to 6.8% of GDP.
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The Reserve Bank of India’s (RBI) one-time debt recast framework was aimed at helping stressed borrowers dodge pandemic-related defaults by allowing them to defer payments, among other steps.(MINT_PRINT)
The Reserve Bank of India’s (RBI) one-time debt recast framework was aimed at helping stressed borrowers dodge pandemic-related defaults by allowing them to defer payments, among other steps.(MINT_PRINT)

Debt recasts under RBI scheme for Covid stress touch 1 lakh cr

By Shayan Ghosh, Mumbai
PUBLISHED ON FEB 08, 2021 07:02 AM IST
  • Although many such loan accounts may turn sour, things are likely to be better than the last round of forbearance after the global financial crisis, given that only about 1% of banks’ loan books are up for recast, a fraction of what was initially estimated by credit analysts.
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The Gross Domestic Product growth is expected to reach 10.5% in 2021-22, in sync with the 14.4% nominal growth projected in the budget. RBI governor Shaktikanta Das was also categorical in saying that the economy has bottomed out. (PTI)
The Gross Domestic Product growth is expected to reach 10.5% in 2021-22, in sync with the 14.4% nominal growth projected in the budget. RBI governor Shaktikanta Das was also categorical in saying that the economy has bottomed out. (PTI)

RBI’s optimistic economic view

By HT Editorial
UPDATED ON FEB 07, 2021 09:45 PM IST
To be sure, results from RBI’s latest forward- looking surveys also highlight the need to guard against any complacency on the economic front. While its business expectations surveys, like other high-frequency indicators such as PMIs, paint an image of robust recovery, consumer confidence continues to be weak and much below pre-Covid-19 levels
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RBI doesn’t expect the move to squeeze inflows into investment options such as bank deposits, mutual funds or small-savings schemes.(MINT_PRINT)
RBI doesn’t expect the move to squeeze inflows into investment options such as bank deposits, mutual funds or small-savings schemes.(MINT_PRINT)

Retail investors can now buy G-Securities directly

By Tinesh Bhasin, Mumbai
UPDATED ON FEB 06, 2021 05:02 AM IST
Allowing retail investors to invest in sovereign debt will broaden the investor base and help absorb the government’s 12 lakh crore borrowing plan to fund higher healthcare and infrastructure spending.
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The survey, released in February, was based on responses from 5,351 households across 13 major cities.(PTI)
The survey, released in February, was based on responses from 5,351 households across 13 major cities.(PTI)

Consumer confidence picks up

By Kalpana Pathak, Mumbai
PUBLISHED ON FEB 06, 2021 12:36 AM IST
Going forward, consumers expect improvement in the general economic situation and employment conditions during the next 12 months.
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With the central government announcing a higher than expected fiscal deficit and borrowing plan, experts also saw the MPC’s decision as an attempt to strike a balance between fiscal and monetary policy goals.(File photo)
With the central government announcing a higher than expected fiscal deficit and borrowing plan, experts also saw the MPC’s decision as an attempt to strike a balance between fiscal and monetary policy goals.(File photo)

RBI says economy is moving in only one direction: Up

By Roshan Kishore, New Delhi
PUBLISHED ON FEB 06, 2021 12:18 AM IST
While the formal sector of the economy seems to be on a strong recovery path, consumer sentiment, as seen in RBI’s Consumer Confidence Survey, has not shown a concomitant recovery, although it has shown sequential improvement over the past two rounds conducted in November 2020 and January 2021.
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