Tag: Reserve Bank of India

RBI proposes rationalising regulations on export, import transactions

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Photo used for representation purpose only. | Photo Credit: Reuters The RBI on July 2 proposed rationalising regulations that cover export and import transactions with an aim to promote ease of doing business and empower banks to provide more efficient service to their foreign exchange customers. The central bank has issued ‘Regulation of Foreign Trade…

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Need to eliminate biases in algorithms as AI on the rise: RBI Governor Shaktikanta Das

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Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI RBI Governor Shaktikanta Das on Friday emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. Delivering the inaugural address at the 18th Statistics Day Conference organised by the…

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RBI raises WMA limits of States/UTs by 28% to ₹60,118 crore

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The RBI said Special Drawing Facility (SDF) availed by State Governments/ UTs will continue to be linked to the quantum of their investments in marketable securities, issued by the Government, including Auction Treasury Bills (ATBs).  | Photo Credit: Reuters The Reserve Bank of India (RBI) on Friday increased the Ways and Means Advances (WMA) limits of State…

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Rapid Rise In Derivatives Trading Could Pose Challenges For Investors: RBI

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The ratio of premium turnover to cash market has remained steady over the last three years. New Delhi: The rapid rise in Futures and Options (F&O) trade volumes in recent years could pose several challenges as retail investors not following proper risk management could be impacted by sudden movements in markets, said a Reserve Bank…

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Indian economy, financial system remain robust despite global economy facing heightened risks: FSR

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A security guard’s reflection is seen next to the logo of the Reserve Bank Of India (RBI) at the RBI headquarters in Mumbai. The RBI released the 29th issue of Financial Stability Report on June 27, 2024. | Photo Credit: Reuters The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic…

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Government thinks of the RBI as a part of itself: Subbarao

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India needs to strengthen the rule of law to compete with the developed world, protect the independence of its central bank, and hold public officials, including IAS officers, more accountable, argues Duvvuri Subbarao, former RBI Governor and author of the recent book “Just a Mercenary?”, in an interview with The Hindu. Edited excerpts: You say…

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RBI should review plan to raise provisions against infra loans, says FIDC

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The logo of the Reserve Bank of India. File | Photo Credit: Reuters The lobby group for Indian non-banking lenders on June 11 asked for a review of a recent proposal from the Reserve Bank of India (RBI) calling for an increase in the provisions that lenders have to set aside against infrastructure project loans….

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RBI To Allow Opening Of Rupee Account Outside India

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The Reserve Bank of India (RBI) on Thursday allowed the opening of rupee accounts outside India. Mumbai: The Reserve Bank of India (RBI) on Thursday allowed the opening of rupee accounts outside India as part of its strategic action plan to internationalise the domestic currency. With emphasis on continuous synchronisation of the FEMA operating framework…

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