MUMBAI/ DELHI: Tensions between the government and the Urjit Patel-led Reserve Bank of India eased on Monday with the RBI appearing to climb down on several issues pushed by New Delhi, such as loan restructuring for small businesses, easier norms ...
Read More »RBI: RBI and govt signal truce, send contentious issue of surplus to expert panel
MUMBAI: Signalling a temporary truce, the Reserve Bank and the government on Monday agreed to refer to an expert committee the contentious issue of appropriate size of reserves that the RBI must hold, while restructuring of stressed loans of small ...
Read More »RBI meeting: RBI board agrees to improve liquidity, increase credit to small businesses: Sources
MUMBAI/NEW DELHI: The board of the Reserve Bank on Monday agreed to ease liquidity for the financial sector and increase credit to small businesses, two sources present at the meeting said. The move comes in response to pressure from Prime ...
Read More »RBI concludes day-long board meeting
MUMBAI: The Reserve Bank of India has concluded a critical day-long board meeting, a source familiar with the situation told Reuters. It wasn’t immediately clear whether the central bank had come to any conclusions in a dispute with the government ...
Read More »RBI board meets amid row with government, markets on guard | India News
NEW DELHI: The much-awaited meeting of the RBI board is currently underway and is likely to see the government insist that the regulator immediately announce implementation of decisions taken at the last meeting to prevent the confrontation from intensifying further. ...
Read More »Roll out agreed steps, government may insist at RBI board meet today
NEW DELHI/ MUMBAI: The much-awaited meeting of the Reserve Bank of India board today is likely to see the government insist that the regulator immediately announce implementation of decisions taken at the last meeting to prevent the confrontation from intensifying ...
Read More »RBI board meeting on Monday; likely to reach common ground on some key issues
NEW DELHI: The ongoing rift with the government is set to play out at the Reserve Bank of India’s (RBI) crucial board meeting Monday, with the finance ministry nominees and some independent directors expected to take on governor Urjit Patel ...
Read More »Don’t throttle credit flow, FM tells RBI ahead of key meet
MUMBAI: Two days ahead of Reserve Bank of India’s crucial board meeting, the government is focused on one big ask from the central bank – ensure that credit and liquidity supply is not throttled, and that there is no sectoral ...
Read More »Aid infrastructure creation to boost growth, Nitin Gadkari tells RBI
MUMBAI: Union minister Nitin Gadkari on Saturday blamed RBI circulars for “complicating” project finance, and asked the central bank to aid infrastructure creation in the country and push up the growth rate. The road transport minister said over 150 projects ...
Read More »Swaminathan Gurumurthy: Saffron ideologue slams RBI policies ahead of board meet
NEW DELHI: In an indication that the crucial meeting Reserve Bank of India board on Monday could see fireworks between the RBI and government nominees, swadeshi ideologue and independent director S Gurumurthy on Thursday went public with his sharp criticism ...
Read More »