RBI Vs Government

Naidu explained that the 1934 Act had undergone 21 amendments, resulting in ambiguities and contradictions, particularly regarding the powers and functions of internal organisations

As per the prevailing norms last updated in 2005, banks need to have a NNPA ratio of up to 7 per cent to become eligible for declaration of dividends

Earlier in April, the central bank had imposed penalties totalling Rs 44 lakh on four cooperative banks

Take a tactical bet on longer-duration funds when RBI moves to a tightening stance

India's local city governments must consider issuing municipal bonds to meet their funding requirements as the demand to ramp-up infrastructure in the Asia's third-largest economy grows

Most applications have either been withdrawn or stand rejected

Analysts say RBI is allowing the depreciation amid wider CAD and higher US interest rates

The central bank looks to protect headline reserves, deter offshore/onshore arbitrage on Rs with buy-sell swaps in forex market

Meeting discusses that it's endeavour of regulators to ensure incidents like the NSE colocation scam don't repeat and there are better ways to deal with the fallout

SFBs were advised to continue to evolve in tune with the differentiated banking licence given to them with proportionate growth in their capital base.

From 1991 onwards, the RBI became a full, if slightly junior, partner of the finance ministry, instead of being a 'mere subordinate department of the financial ministry'

NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years

Apex bank's Rs 99,122 cr dividend supports the Centre's fiscal rescue plan, obviates need to ramp up borrowings for now

'Autonomous institution has to deliver the services that the government has approved as part of policy framework', says Bimal Jalan.

Govt informed Rajya Sabha that no proposal with regard to change in the RBI's powers with respect to public sector banks was under consideration

The genesis of differences between the RBI and the government was one-day default norms announced by the central bank on February 12, 2018

Neither the foreign exchange, nor the gold, and certainly not the revaluation reserve should be available for spending by anyone

Rangarajan said there is also a need for the Central Statistics Office to disclose a few essential details on the recent change in GDP computation

When it comes to borrowing, governments behave exactly like any private citizen, says the author

The RBI had kept the repo rate -- at which it lends to banks -- at 6.50% in the MPC review held between Dec 3-5