Reserve Bank of India (RBI)
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'Indian Banking and Finance: Managing New Challenges' Bimal Jalan said that uncertainty over the economic situation was likely to continue for the next six to nine months, but India is likely to show one of the highest rates of…
Speech by Deputy Governor, Reserve Bank of India
SPEECH - In the speech Shri G.P.Muniappan said that revisions to the BIS framework on capital adequacy, now being considered by an arm of the BIS, could mean a further increase in capital requirements for banks in emerging economies. Because banks in…
India RBI - Easier liquidity policy boosts econ
INDIA - The Reserve Bank of India Deputy Governor Y.V. Reddy said Wednesday that the bank will continue to follow its easier liquidity policy to boost the economy.
Reserve Bank liberalises money changing in India
INDIA - The central Indian bank, the Reserve Bank of India (RBI), has liberalised money changing facilities.
RBI wants to delicense money changers
INDIA - In tune with the financial sector liberalisation, the Reserve Bank of India (RBI) wants to delicense the money changers. It plans to get out of the business and wants the money changers to work as agents of public sector banks.
Speech by Deputy Gov of the Reserve Bank of India
SPEECH - Inaugural address delivered by Shri Vepa Kamesam, Dy. Governor, Reserve Bank of India at Administrative Staff College of India, Hyderabad at a programme on 'Governance in Banks and Financial Institutions' on 22 November.
Speech by Deputy Governor, Reserve Bank of India
SPEECH - Inaugural address by Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India at the Conference of CMDs of Public Sector Banks at IDRBT, Hyderabad on 2 November.
RBI to get real time gross settlement system, RTGS
INDIA - Logica India, the Indian subsidiary of UK-based computer services group Logica Plc, on Tuesday said it had been awarded a $16 million contract from the Reserve Bank of India (RBI) to implement a national real time gross settlement system (RTGS).
RBI nominee directors to handle risk management
INDIA - Following adverse criticism in the Lok Sabha of the role of RBI and government directors on bank boards, the ministry of finance has decided to concentrate on risk management skills of nominee directors of Reserve Bank of India and the government…
India rates hit lowest level since 1970s
INDIA - Interest rates in India have slid to their lowest rate for almost 30 years after the country's central bank - Reserve Bank of India (RBI) - cut interest rates by half a percentage point.
Speech by Shri Vepa Kamesam of India's Res Bank
SPEECH - Keynote address delivered by Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India at the inauguration of the 12th National Forex Assembly organised by Forex Association of India at Goa on 26 October.
RBI protests against faulty telephone directory
INDIA - The Patna unit of the Reserve Bank of India (RBI) has charged the Patna Telephones of the Bharat Sanchar Nigam Limited (BSNL) with neglecting complaints of telephone consumers, in general, and the RBI, in particular, with regard to errors found…
Soiled notes turn to paper bricks!
INDIA - The Gujarat headquarters of the Reserve Bank of India (RBI) has installed a Rs 2 crore note-shredder imported from the Netherlands at its regional head-office near Gandhi bridge, said regional director, RBI-Gujarat VS Das.
RBI plan reserve to cushion investment value moves
INDIA - The Reserve Bank of India is toying with the idea of directing banks to create a special reserve as a cushion for any adverse movements in the value of their investment portfolios that may be triggered off by interest rate volatility.
Shortage of note examiners at Indian central bank
INDIA - The Reserve Bank of India employees' union has warned of a shortage of currency note examiners and other experts in the central bank if the management does not reverse its policy of a "virtual" recruitment ban.
RBI won't cut rate till gov't change policy-report
INDIA - The Reserve Bank of India is unlikely to cut the key bank rate unless the government implements some reforms on its policy on administered interest rates, ICICI Securities & Finance said Thursday 4 October.
Banks need no RBI nod for online debit cards
INDIA - Banks will not be required to seek the approval from the Reserve Bank of India (RBI) for introducing online debit cards, where straight-through-processing is done.
India RBI to release credit policy on 22 October
INDIA - The Reserve Bank of India said Wednesday 3 October that it will publish its bi-annual monetary and credit policy for the current financial year 22 October.
India banks non-compliant with RBI for net banking
INDIA - None of the banks in the country which offer internet banking facilities today has an IT security policy as stipulated by the Reserve Bank of India.
Speech by Dr Y. V. Reddy of Reserve Bank of India
SPEECH - Address by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, at the 150th anniversary of the Reuters Group, at Mumbai, on August 28, 2001. "Communications Policy of the Reserve Bank of India."
RBI links supervision with risk profile of banks
INDIA - The Reserve Bank of India (RBI) is planning to roll out a bank-specific risk-based supervision (RBS) system from the last quarter of the financial year 2002-2003.
India RBI says dividend to govt at 93.5 bln rupees
INDIA - The Reserve Bank of India (RBI) said on 17 August it has decided to transfer a dividend of 93.50 billion rupees to the federal government out of its surplus profit.
Banks rushing to spruce up risk management
INDIA - Banks are rushing to put in place safeguards and controls to improve their risk management ability. Even as the Reserve Bank of India's (RBI) draft guidelines on "risk management systems in banks" were put in October 1999, banks - especially…
RBI pulls up IFCI for poor supervision
INDIA - The Reserve Bank of India has come down heavily on the Industrial Finance Corporation of India (IFCI) for poor supervision of its loan portfolio, lack of proper asset liability management (ALM), rollover of sticky accounts and improper asset…