RBI launches 'MANI' app for visually challenged to identify currency notes
Users can download the app, called 'MANI', which is an acronym for Mobile Aided Note Identifier, and will have to scan the notes using the camera, it said adding that the audio output to give our results will be in Hindi and English.
OMO programme on expected lines, says RBI Guv
The RBI has so far carried out three rounds of what is called as 'Open Market Operations' under...
Coronavirus has RBI worried; Das says India needs contingency plan
MPC in a statement said the virus may impact tourist arrivals in India and...
View: Shaktikanta Das has the easiest, most unenviable job in central banking
The troubling state of the economy makes Das's task uncomplicated. India's pace of growth is slowing dramatically; govt numbers due today may well show the expansion slipped below 5% last quarter, the weakest pace since GDP figures were reconfigured in 2012. Last year, the nation was churning out GDP numbers with an 8 in front of them.
Coordinated steps needed globally to deal with slowdown: RBI Guv
India should focus on manufacturing and be part of global supply chain, Das said.
We’ve cut rates but you mustn’t miss targets, Modi tells taxmen
Officials were exhorted to meet the direct tax mop-up target of $187 bn, despite $20 bn of corporate tax cuts.
View: RBI does its bit, the ball is back in govt's court to revive growth
By keeping the stance accommodative, RBI has signalled that it is keeping its powder dry for now.
RBI says govt’s counter-cyclical measures beginning to play out
Budget will provide greater clarity about the further measures taken by the govt, says Das.
HDFC slashes home loan rate by 0.05 per cent
"HDFC reduces its Retail Prime Lending Rate (RPLR) on housing loans, on which its adjustable rate home loans (ARHL) are benchmarked by 5 basis points with effect from January 6, 2020," the mortgage lender said in a statement.
RBI Financial Stability Report: Governance standards at FIs key to growth revival
Central bank says Indian banking system has improved since last year’s report
NBFCs hope to come out of deep, dark tunnel in 2020
Higher borrowing costs, rising defaults and rating downgrades made 2019 a tumultuous year for NBFCs.
RBI introduces new Prepaid Payment Instrument for your daily grocery payments
The newly introduced payment instrument can be issued by banks and existing non bank PPI players.
MPC members waited to see full impact of rate cuts
Consumer price inflation, which the central bank tracks to make its inflation forecast s rose 4.6 per cent in October, higher than the central bank’s medium term forecast of 4 per cent as food inflation rose 6.9 per cent as onion prices rose 20 per cent.
Top 50 corporates reduce debt by about Rs 60,000 cr in first half of FY20
In the last financial year 18-19, these companies reduced their debt burden by about Rs 43,000 crore.
How Das is pushing traditional limits at RBI to ensure rates come down
Shaktikanta Das has tried unconventional methods to manage liquidity before.
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