Reserve Bank of India (RBI)
India's c.bank sets stiffer bank investment norms
INDIA - The Reserve Bank of India said on Apr 23 it had set more stringent guidelines for banks' exposures to the stock market following recommendations made by an expert panel.
RBI may cut India bank rate Q2 of 01/02-JP Morgan
INDIA - India's central bank, which on Apr 19 released a monetary policy statement without any changes in rates, is expected to lower its benchmark bank rate later this year, JP Morgan Securities India said in a research report.
India may cut interest rates
INDIA - India's central bank has indicated an intention to cut interest rates to help revive the slowing economy. The governor made his comments at a presentation on monetary policy for this year.
India's cbank tightens banks' bullion trade norms
INDIA - The Reserve Bank of India has tightened bullion trading norms for commercial banks after some of them faced potential losses from their exposure to a cooperative bank that specialises in gold trade.
India's SEBI chairman likely to be replaced-paper
INDIA - The chairman of the Securities and Exchange Board of India (SEBI) D.R. Mehta is likely to be replaced as part of government changes after a recent stock market crisis, a financial daily said on April 3, 2001.
RBI dividend up 52% contains fiscal deficit
INDIA - A steep increase of over 51 per cent in the dividend payouts by Reserve Bank of India will help the Indian government to contain the fiscal deficit within 5.1 per cent.
Russian bankers to participate in symposium
A delegation of Russian bankers and economists will participate in a three day symposium in India beginning on Mar 22, 2001.
Indian Reserve Bank demands risk data
The RBI, responding to fears over the effects of market volatility on cooperative banks, has demanded information about their stock market exposures.
India's Jalan says bias to cut rates remains
The governor of India's central bank, which cut interest rates twice in recent weeks, said he continues to have a bias toward easing rates.
India economy can grow at least 8 pct per yr-RBI
India's central bank chief said on Feb 20, 2001 said he was confident the country could post annual growth of at least eight percent in the medium term. He added the economy was resilient enough to handle external and internal shocks such as last month's…
Indian industry cheers central bank's rate cuts
Indian industry cheered the central bank's decision on Feb 16, 2001 to lower interest rates, saying it would help ease the country's industrial slowdown. The Reserve Bank of India (RBI) said it was cutting its benchmark bank rate to 7.5 percent from 8.0…
RBI eases bank export credit rules post-quake
The Reserve Bank of India (RBI) has allowed banks to extend export loan maturities and waive some interest charges to exporters affected by last month's [January 2001] earthquake in the western India state of Gujarat. In a directive issued on Feb. 6 to…
Reserve Bank of India names executive director
The Reserve Bank of India on Feb. 2, 2001, appointed SL Parmar as executive director with immediate effect. Parmar was chief general manager-in-charge at the bank's administration and personnel management department. There are eight executive directors…
RBI outlines universal banking roadmap
The Reserve Bank of India has warned against any dilution of prudential and supervisory norms for banking business, while suggesting a consolidated approach towards supervision and regulation.
India's exchange rate policy and control
This article by S Tarapore originally printed in the Business Standard looks at India's exchnage rate policy and control.
RBI begins on a plastic note
The Reserve Bank of India is in the process of introducing plastic currency. The plan is to print polymer notes which are clear, durable and moisture, water, sweat, oil and water-proof.
RBI seen cutting India rates next year-JP Morgan
The Reserve Bank of India is likely to cut its benchmark bank rate in the financial year starting April 2001 due to a more stable rupee, comfortable money market liquidity, record foreign exchange reserves, and an easing bias in global interest rates, JP…
Reserve Bank of India rules out rates cut
The Reserve Bank of India Saturday admitted that the cost of borrowing is high, but ruled out a rate cut during this fiscal year as it has already softened.
Banks await RBI governor speech at forex meeting
Indian foreign exchange market players are eagerly waiting to see if the Reserve Bank of India makes any direct or indirect comments on the foreign exchange markets and interest rates at the 21st Asia-Pacific Forex Congress.
India reconstitutes RBI central board of directors
The Indian government has reconstituted the central board of directors of the Reserve Bank of India as part of a periodic reshuffle, a central bank statement said on Tuesday.