New Delhi: Due to the covid 19 epidemic, the value of assets in books of accounts in banks may decrease and there may be a shortage of capital. This was said by Reserve Bank of India (RBI) Governor Shaktikanta Das. The central bank said that this risk could happen especially...
RBI to resume normal liquidity management operations in phased manner
Mumbai: In February last year, RBI had announced a revised Liquidity Management Framework (LMF) that was simplified and "clearly communicated" the objectives and toolkit for liquidity management. However, in view of the COVID-19 outbreak, the rapidly evolving financial conditions and taking into account the impact of disruptions due to the...
RBI to be on a long-pause in rates on sticky non-food inflation: Report
Mumbai: It can be noted that the high inflation driven by the food prices has forced the RBI to go for a status quo in rates for the three consecutive reviews of the bi-monthly policy meetings, even as growth continues to be in the negative territory. The RBI expects the...
RBI to conduct simultaneous sale-purchase of govt securities next week
Mumbai: Simultaneous purchase and sale of G-sec under OMOs, popularly known as Operation Twist, involves purchasing the securities of longer maturities and selling an equal value of securities of shorter maturities. On January 7, the RBI will purchase three government securities (G-Sec) of different maturity dates aggregating to Rs 10,000...
Current account surplus reduced to $ 15.5 billion in Q2
Mumbai: The country's current account surplus decreased to $ 15.5 billion in the July-September quarter of the current financial year. It is 2.4 percent of gross domestic product (GDP). The Reserve Bank of India said on Wednesday that in the previous quarter April-June it was $ 19.2 billion, which was...
Country’s GDP expected to be positive in third quarter of 2020-21: RBI
New Delhi: As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. The monthly bulletin of the central bank for December said the more evidence has emerged...
Change in India’s monetary policy framework unlikely, says RBI governor
Mumbai: There is unlikely to be any change in the inflation target band or framework given to India's Monetary Policy Committee (MPC) that is due for a review next year, Reserve Bank of India Governor Shaktikanta Das told in an interview. "I am not aware of any such thinking to...
No specific plan needed for invoking Resolution Framework: RBI
Mumbai: In FAQs on Resolution Framework for COVID-19 related stress, the RBI said that borrowers can invoke the resolution framework by merely submitting a request to the lending institutions. The Reserve Bank had announced a resolution framework to help the entities facing financial stress on account of disruption in normal...
RBI announces steps to improve ease of doing business for exporters
New Delhi: The Reserve Bank on Friday announced further liberalisation in the extant policies governing certain export transactions by delegating more powers to banks with an aim to improve the ease of doing business for exporters. The measures are related to direct dispatch of shipping documents, write-off of unrealised export...
RTGS to be available 24X7 in next few days: RBI Governor
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the Real Time Gross Settlement (RTGS) system, used for large value transactions, will be made available round-the-clock in the next few days. 'With this enablement, it is proposed to reduce settlement and default risk in the system...