RBI cancels the licence of The City Co-operative Bank Ltd., Mumbai, Maharashtra
The Reserve Bank of India (RBI) on June 19 said it has cancelled the licence of “The City Co-operative Bank Ltd., Mumbai, Maharashtra.” Consequently, the...
RBI Bulletin: Volatile food inflation remains key villain in the inflation story
Volatile food inflation could very well turn out to be the villain in the central bank’s bid to curtail inflation, according to the latest monthly...
RBI Special Audit Concludes; IIFL Finance Implements Necessary Measures
On June 15, IIFL Finance, a non-banking finance company, announced the completion of a special audit initiated by the Reserve Bank of India (RBI) following...
Don’s ask, don’t tell! Why Have Big Bank CEOs Gone Silent?
In recent years, the communication approach of top bank CEOs has notably shifted. They have become more cautious, distancing themselves from the media and leaving...
What Does the Fed Signaling Caution Mean for India?
Contrary to analysts’ expectations of a dovish tone, the US Federal Reserve’s commentary on June 12 was far from benign. The Fed indicated a reluctance to implement significant interest rate cuts as the fight against inflation persists.
RBI is obsessed with inflation war; That should be okay for us
If you feel the monetary policy review has turned a boring affair every two months with no action on any front, then I won't blame you. The...
Why did RBI leave key rates unchanged?
The Reserve Bank of India (RBI), as expected, on June 7 kept the key lending rate unchanged at 6.5 percent. That rate action — or no action...
Will RBI Governor Stick to the Script on Rates?
The Reserve Bank of India (RBI) Governor Shaktikanta Das is set to announce the monetary policy outcome tomorrow. Most economists predict the central bank will...
The Indian central bank is upset with erring non-banks. Why?
The Reserve Bank of India (RBI) has once again taken firm action against a prominent player in India's financial services industry. On May 29, the...
RBI Just transferred Rs 2.1 trillion to government. Do you want to know how?
On May 22, the Reserve Bank of India (RBI) announced an unprecedented surplus transfer of Rs 2.22 lakh crore to the government, sparking widespread speculation....