Tag: Rbi

RBI1
Government may receive first tranche of RBI surplus this calendar

New Delhi: The Finance Ministry is likely to receive the first tranche of the RBI’s surplus money towards December after its central board discusses and approves the report finalised by the Bimal Jalan panel. The six-member panel led by former RBI Governor Jalan, constituted to assess the adequate size of capital reserves that the RBI should […]

  • Tuesday, 27 April 2021
RBI guildelines on ATM free transaction
Using SBI Or Other ATM Cards? Here's A Good News For All, See New Rules

New Delhi: In what could be a big relief for ATM card users, the Reserve Bank of India (RBI) has issued notice to all Scheduled Commercial Banks including Regional Rural Banks, Urban Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks, Small Finance Banks, Payment Banks, White Label ATM Operators clarifying on the usage of […]

  • Monday, 26 April 2021
finance-minister
FM Proposes Measures To Enhance Fund Flows For Infra, Housing Projs

New Delhi: Finance Minister Nirmala Sitharaman on Friday proposed to establish an organisation to provide credit enhancement for infrastructure and housing projects with an aim to enhance fund flows towards such projects. Announcing steps to prop up the slowing economy, the minister said that in order to improve domestic bond market, the finance ministry will […]

  • Monday, 26 April 2021
Stimulus booster help equities log best day in over 3 months

Mumbai: Benchmark stock indices Sensex and Nifty saw their best day in over three months on Monday, buoyed by the government move to withdraw additional surcharge on foreign investors and initiate measures to revive the economy. The BSE gauge Sensex settled with a gain of 2.16 per cent or 792.96 points; while the NSE Nifty […]

  • Monday, 26 April 2021
rbi
RBI To Transfer Highest-Ever Surplus Of Rs 1.76 Lakh Cr To Govt

Mumbai: The Reserve Bank of India (RBI) on Monday approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Prime Minister Narendra Modi-led regime’s prospect to stimulate the slowing economy without widening fiscal deficit. Governor Shaktikanta Das-led RBI central board gave its nod for transferring to the government […]

  • Monday, 26 April 2021
Sensex-shares_1396
Sensex Jumps Over 150 Pts; Infosys Drops 2 PC

Mumbai: Domestic equity benchmark BSE Sensex opened over 150 points higher on Tuesday led by gains in index heavyweights L&T, ICICI Bank, SBI and HDFC Bank amid positive domestic and global cues. The 30-share index was trading 123.95 points, or 0.33 per cent, up at 37,618.07 at 0930 hours, while the broader Nifty rose 43.45 […]

  • Monday, 26 April 2021
Rahul Gandhi
Congress Slams RBI Transferring Rs 1.76 Lakh Cr To Govt

Delhi: A day after the Reserve Bank of India’s (RBI) Central Board accepted the Bimal Jalan panel recommendations and decided to transfer Rs 1.76 lakh crore in dividend and surplus reserves to the government, Congress on Tuesday slammed the move. Former Congress President Rahul Gandhi said in a tweet: “PM and FM are clueless about […]

  • Monday, 26 April 2021
rbi
Actual gain to Govt from RBI move is Rs 58K cr

Mumbai: The actual gain to the government from the RBI’s surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore, calculations reveal. The government has already budgeted Rs 90,000 crore as the dividend for FY20 and Rs 28,000 crore interim dividend has already been paid by RBI to government in March 2019. So much […]

  • Monday, 26 April 2021
Bimal-Jalan
Jalan Panel Moots Review Of RBI Capital Norms Once In 5 Years

New Delhi: The Bimal Jalan-led panel has recommended a review of the Reserve Banks Economic Capital Framework (ECF) every five years. “The Committee recommends that the framework may be periodically reviewed every five years. Nevertheless, if there is a significant change in the RBI’s risks and operating environment, an intermediate review may be considered,” the […]

  • Monday, 26 April 2021
RBI1
Markets Gain On RBI's Surplus Transfer To Govt

Mumbai: Stocks advanced as the government was set to receive 1.76 lakh crore of RBI’s surplus, which will give it more room for a stimulus in order to revive economic growth. Experts noted that the government now will be able to contain its fiscal deficit. Gains on the Nifty index was led by PSU Bank […]

  • Monday, 26 April 2021
RBI on cash deposit in ATMS
RBI balance-sheet in FY19 up 13.4% to Rs 41 lakh cr

Mumbai: The balance sheet of RBI swelled by 13.42% from Rs 36.17 lakh crore to touch Rs 41 lakh crore during the 2018-19 due to domestic and foreign investments, according to the annual report of the central bank released on Thursday. There was an increase in the size of the bank’s balance sheet during 2018-19 […]

  • Monday, 26 April 2021
congress-tweet
Congress Shoots Sarcastic Tweets To Hit Modi On Economy

New Delhi: After Criticising The Government’s Handling Of The Economy And The Reserve Bank Of India (RBI) Transferring It A Surplus Of Rs 1.76 Lakh Crore, The Congress On Thursday Again Attacked Prime Minister Narendra Modi With A Series Of Sarcastic Tweets Over The Fall Of The Rupee And Slowdown In Growth. “India Ratings And […]

  • Monday, 26 April 2021
Sensex jumps over 200 pts; Nifty reclaims 11,000

Mumbai: Domestic equity benchmark BSE Sensex jumped over 200 points and the Nifty reclaimed the 11,000 level in early trade on Friday led by gains in financial and energy stocks amid positive global cues. The 30-share index was trading 205.70 points, or 0.55 per cent, higher at 37,274.63 at 0930 hours, while the broader Nifty […]

  • Monday, 26 April 2021
Paytm-PhonePe
PhonePe, Paytm have till February 2020 to update KYC

New Delhi: With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to become fully Know Your Customer (KYC) compliant, people using PhonePe, Paytm, Amazon Pay or other such wallets will have no trouble doing their transactions as usual at least till February 29, 2020. The deadline for mobile wallets to become […]

  • Monday, 26 April 2021
Paytm
PIL against Paytm post paid wallet: RBI, company oppose it

New Delhi: The Reserve Bank of India Wednesday told the Delhi High Court that a Public Interest Litigation (PIL) cannot be used as a weapon to challenge the financial or economic decisions taken by the government or the RBI. The RBI made the submission in response to a PIL alleging that online payments platform Paytm […]

  • Monday, 26 April 2021
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