alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News Central Bank

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

RBI can transfer Rs 1 trillion of excess reserves to government: Report

Tuesday, November 27, 2018, 8:50 AM

The Reserve Bank has "more than adequate" reserves and that it can transfer over Rs.1 trillion to the government after a-specially-constituted panel identifies the "excess capital", says a report. "We expect the proposed committee on the RBI's ECF to identify Rs.1-3 trillion which is 0.5-1.6 per cent of GDP as excess capital," analysts at Bank of America Merrill Lynch said in a note Monday.
News Image

No liquidity crisis in NBFC segment: Reserve Bank of India

Wednesday, October 31, 2018, 11:13 AM

In the first high-level meeting since RBI deputy governor Viral Acharya's criticism of government's interference, central-bank and finance ministry differed in their assessment of the liquidity crunch being faced by NBFCs. The central bank is learnt to have asserted that there is no liquidity crunch. However, finance ministry feels (based on its interactions with some NBFCs) that any such concern needs to be addressed.
News Image

RBI to inject Rs 36,000 crore into system in October

Tuesday, October 2, 2018, 9:39 AM

The Reserve Bank of India (RBI) said it would inject Rs 36,000 crore liquidity into the system through purchase of government bonds in October amid fears of a potential credit crunch. The central bank's move comes after the government announced on Friday that it will cut gross borrowings by Rs 70,000 crore in the second half of the current fiscal.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!