Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Cutting its growth estimate for the current fiscal, the RBI warned on Wednesday that any economic stimulus and farm debt waivers could push up fiscal deficit by 1 percentage point, potentially stoking inflation. Such measure could lead to inflation surging...
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Demonetisation: RBI says 99% of banned Rs 500, Rs 1000 notes returned after PM Modi’s surprise move

Demonetisation: RBI says 99% of banned Rs 500, Rs 1000 notes returned after PM Modi’s surprise move

Indians returned almost all of the estimated Rs 15.4 lakh crore -15.5 lakh crore in high-currency bills removed from circulation in a shock move late last year, the Reserve Bank of India said in its annual report out on Wednesday....
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Demonetisation: RBI says 7.62 lakh pieces of fake notes detected in FY17

Demonetisation: RBI says 7.62 lakh pieces of fake notes detected in FY17

As many as 7,62,072 pieces of counterfeit notes were detected in the banking system last fiscal, a 20.4% increase over the previous year, the Reserve Bank said on Wednesday. During 2015-16, 6.32 lakh pieces of fake currency notes had been...
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NPA crisis: RBI deputy governor blames forbearance schemes for bad loan mess

NPA crisis: RBI deputy governor blames forbearance schemes for bad loan mess

The Reserve Bank of India (RBI) deputy governor Viral Acharya on Wednesday conceded that the Central bank’s “forbearance schemes” were partly to blame for the bad loan mess, and suggested a counter-cyclical approach to avoid its repeat in future. Stati...
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RBI Raises Foreign Investment Limits In Bonds, Tweaks Rules

RBI Raises Foreign Investment Limits In Bonds, Tweaks Rules

Mumbai: The Reserve Bank of India on Monday increased the investment limits by foreign investors in government bonds by Rs. 11,000 crore to Rs. 2.42 lakh crore, while also tweaking rules to attract more long-term investments. As part of the...
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10 Director Level Posts Vacant In RBI

10 Director Level Posts Vacant In RBI

New Delhi: The Reserve Bank of India’s all powerful central board is short of ten non-official directors and one deputy governor at a time when the central bank is engaged in massive demonetisation and remonetisation exercises. The last board-level appoi...
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