According to reports, Allahabad Bank, Bank of India, Bank of Maharashtra and Corporation Bank are likely to be released from the Reserve Bank of India's correctional facility for wayward lenders with depleted capital
4 min read21 Dec 2018The issue of parting with a portion of RBI reserves, which as of June stood at ₹9.43 trillion, to the government has been a contentious issue between the government and the central bank for a long time
2 min read19 Dec 2018Manmohan Singh has been on both sides of the fence. He was RBI governor for a little over two years from 1982, before becoming Union finance minster. He then served as the prime minister for 10 years, heading the Congress-led United Progressive Alliance
1 min read19 Dec 2018If the sovereign government is pointing out that there are credit and liquidity issues in the country, how can it be infringing the autonomy: Finance minister Arun Jaitley
1 min read14 Dec 2018The RBI played a vital role in ensuring economic and financial stability, and was an important counterpart and partner for the IMF, Gerry Rice, IMF Director said
1 min read14 Dec 2018When governments are in charge of monetary policy, they're tempted to take chances with inflation to spur short-term growth. An independent central bank can more readily gain investors' trust that inflation will be kept under control
2 min read11 Dec 2018The capital base of Reserve Bank of India is ₹9.69 lakh crore
1 min read2 Dec 2018The growth in the flow of funds from banks to the commercial sector has been gaining pace almost every month in the current fiscal year
1 min read30 Nov 2018We respect the autonomy (of the RBI) but, at the same time, if some sectors are starved of liquidity or credit, we will flag those issues. We do so with the RBI: Finance minister Arun Jaitley in an interview to a television channel
1 min read24 Nov 2018The RBI board has decided to restructure the scheme for MSME borrowers with credit facilities of up to ₹25 crore and give banks concession on capital adequacy norms
1 min read21 Nov 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared