Expectation that Reserve Bank of India (RBI) would reduce policy rates during the monetary policy review on January 29 was tempered by the recent remarks of Governor D Subbarao. Subbarao recently remarked that reducing inflation is the priority of the central bank and will always be. Only then can the poor be given relief, he added
Tag: RBI
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RBI, fin min in talks on capital norms for banks
Reports suggest that the union finance ministry is in talks with the Reserve Bank of India (RBI) to relax capital adequacy norms for banks. The finance ministry wants the central bank to relax the norms in line with the recommendations made by the Basel Committee on Banking Supervision
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RBI deputy chief for widening investor base in bonds
HR Khan, Deputy Governor, Reserve Bank of India (RBI) called for steps to encourage insurance companies, pension funds, provident funds, and other institutional investors to invest in bonds issued by infrastructure firms. Presently, the insurance and pension funds are legally required to invest a substantial proportion of their fund
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RBI may cut repo rate in Jan policy; Credit Suisse
According to brokerage firm Credit Suisse, in its monetary policy meeting on January 29, the Reserve Bank of India (RBI) may reduce repo rate by 50 basis points, to 7.5 per cent because of decline in inflation. In a recent research report, Robert Prior-Wandesforde of Credit Suisse said the repo rate may be redu
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Some bankers expect RBI to cut CRR to ease liquidity strain
Some bankers expect Reserve Bank of India either to cut cash reserve ratio (CRR) in the third-quarter monetary-policy review on January 29 or conduct open market operations (OMO) to overcome liquidity crunch in the banking system. It is learnt that slow growth in deposit rate, back-to-back auction of government bonds have strained liquidity in the banking system. According to reports, main
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RBI allows Essar Oil to raise $2.2 bn via ECB
Reserve Bank of India (RBI) allowed Essar Oil to mop up a maximum of $2.2 billion through external commercial borrowings in order to repay partially its debt of $2.8 billion. The company is said to be in discussion with banks to raise the amount as it got the required approval. The company. however, has not finalized the amount to be raise
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Additional provisioning may hit PSBs
The earnings of public sector banks (PSBs) may take a beating in Oct-Dec 2012 quarter because of an additional provisioning of 0.75 per cent, as directed by the Reserve bank of India (RBI), analysts feel. Analysts expect private sector banks to post better earnings results during the quarter as compared to their public
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RBI takes steps to develop corp bond market
Reserve Bank of India (RBI) has taken two key steps to develop corporate bond market in the country. One among them is that these bonds are made eligible for repo (repurchase agreements) transactions in the money market. The repo deals can be struck on commercial pape
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli