Tag Archives: RBI

Finance Ministry Expects Six Banks to Raise Funds via FPO as Market Improves

Stock costs recuperating, the Finance Ministry will poke no less than six open segment banks to hit markets to raise subsidizes and facilitate the weight on the exchequer of pumping in capital according to the Indradhanush arrange.

Indian Banks Loan Rose to 5.1% in Two Weeks to March 31 – RBI

Indian banks’ loans rose 5.1 percent in the two weeks to March 31 from a year earlier, while deposits rose 11.8 percent, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

RBI’s Take on Withdrawal of Cash and Deposits as of 8th February, 2017

On Wednesday, RBI (Reserve Bank of India) announced that there will not be any cash withdrawal restrictions from savings bank accounts starting from 13th March. However, the entire process will be done in 2 phases. Starting from 20th February, the limit on cash withdrawal will be increased to Rs 50,000 a week from the existing amount of Rs 24,000.

Will there be a Repo Rate Cut by RBI on February 8?

RBI (Reserve Bank of India) in its 6th bi-monthly policy statement for the year on 8th February, 2017, may have to hold back the repo rate cut until something emerges out of the remonetisation exercise. All credit goes to demonetisation because of which banks have sufficient funds and rate cut may not lead to good results.