RBI's objective is to prevent outsized moves in the rupee in either direction, said Michael Wan, senior currency analyst at MUFG, adding that this would limit the rupee's upside
As executive director, Rao will handle the Deposit Insurance and Credit Guarantee Corporation (DICGC), the Right to Information Act (FAA), and the Department of Communication
The selling by FPIs has come at a time when traders are increasingly anxious about the margin of victory of the incumbent Narendra Modi government in the ongoing Lok Sabha elections
The stability of the banking system should be paramount
RBI may be looking at the bigger picture, and companies at their balance sheets, says former RBI governor D Subbarao on draft provisioning norms
Provision buffer of Rs 33, 000 crore sufficient for ECL norms
The RBI recently advised NBFCs extending gold loans not to lend in cash exceeding Rs 20,000, citing the Income Tax Act
Most of the funds were picked up by state-owned banks and insurance companies, said market participants
According to reports, the RBI has said no gold loan NBFC should disburse loan amount in excess of Rs 20,000 in cash
V Anantha Nageswaran, the government's chief economic adviser, said on Wednesday the Indian economy was better placed than before to pursue 'non-inflationary' growth
The official said banks will assess the impact of the draft rules on their balance sheets and can approach the RBI based on their assessment
NBFCs are required to maintain a Loan-to-Value (LTV) ratio not exceeding 75 per cent for loans granted against the collateral of gold jewellery
The meeting was attended by banks, the National Payments Corporation of India (NPCI), third-party application providers, and technology service providers
This suggests that India INX, set up at GIFT City (Gujarat International Finance Tec-City), is becoming the main place for Indian jewellers and gold importers to hedge against the risk in gold prices
'I firmly believe that a country of our size and diversity still needs a generalist service like the IAS but the service needs to be reformed, and even reinvented, in many ways
India is one of the few economies to experiment with a digital currency backed by a central bank, even as developed nations tread cautiously
While liquidity tightness was not acute in April and overnight rates had not hit the MSF ceiling, the RBI probably anticipated election-related constraints on govt spending could tighten liquidity
Third CEO in five years; current CEO Davis to be relieved early
From Uddhav Thackrey's attacks on BJP, to Air India's decision to resume its flights between Delhi and Tel Aviv, catch all the latest news here
The limit of 30 per cent for risk is based on the assumption of 20 per cent downward price movement of the equities on T+1