Tag: The Reserve Bank of India

Over 60% of RBI’s high-frequency indicators above pre-Covid levels – Times of India

NEW DELHI: Of the 48 high-frequency economic indicators tracked by the Reserve Bank of India (RBI), 18 remained below pre-Covid levels, while the rest...

Banks need to hire experienced chief risk officers to deal with cyber attacks: Report – Times of India

NEW DELHI: The banking industry needs to upgrade its IT infrastructure and appoint experienced chief risk officers to effectively deal with incidence of cybercrimes,...

Bank credit growth slows to 5.8% in September quarter: RBI data – Times of India

MUMBAI: Bank credit growth decelerated to 5.8 per cent in the September quarter from 8.9 per cent in the year-ago period, according to the...

Top retail trade body says Diwali sales up 10.8% in 2020 – Times of India

NEW DELHI: India's top retail trade body said on Sunday that sales during the country's Diwali festive period rose by more than 10% year-on-year,...

Loan moratorium: Banks told to credit ‘interest on interest’ to borrowers, RBI tells SC – Times of India

NEW DELHI: Banks, financial and non-banking financial institutions have been asked to take "necessary actions" to credit into the accounts of eligible borrowers by...

Government against umbrella entity for e-payments – Times of India

NEW DELHI: The government has expressed concern over the proposed new umbrella entity for retail payments resulting in a mechanism that is controlled by...

NPAs impact banks’ rate cut transmission, loan growth: Study – Times of India

NEW DELHI: Non-performing assets (NPA) of a bank weakens the monetary policy transmission and loan growth rate, said a recent working paper prepared by...

Government yet to name MPC nominees – Times of India

NEW DELHI: Typically, it is the Reserve Bank of India (RBI) governor who is at the centre of attention ahead of the Monetary Policy...

End of loan holiday threatens pain, defaults for business – Times of India

NEW DELHI: Small businesses in India, already struggling amid the pandemic, are now having to repay mounting debt after a loan holiday ended last...

RBI may not push deficit monetisation – Times of India

NEW DELHI: The Reserve Bank of India may not be keen on pursuing suggestions for monetisation of deficit, a proposal that is being pushed...

Lockdown forces shift from credit to debit cards – Times of India

MUMBAI: There has been a shift in spending from credit cards to debit cards during the first quarter of the current fiscal as Indians...

RBI releases expert committee report on resolution framework for Covid-related stress – Times of India

NEW DELHI: The Reserve Bank of India (RBI) on Monday released a report by the K V Kamath Committee which was formed to make...

RBI’s loosening of rupee reins likely to aid more gains – Times of India

MUMBAI: The Reserve Bank of India (RBI) appears to have stopped trying to rein in the rupee to help exports, letting the currency drift...

GDP collapses 23.9% in Q1, worst among big economies – Times of India

NEW DELHI: India’s economy posted its steepest contraction on record in the April-June quarter of the current fiscal year as the strict lockdowns imposed...

Rupee posts biggest weekly gain in 20 months as RBI stands aside – Times of India

MUMBAI: The rupee rose to its highest level in nearly six months on Friday, gaining for a third straight session, with traders saying the...

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