A bit of good news is that it has already mopped up $19 billion in forwards in May.
Banks have asked for an exemption of statutory requirements such as the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR) for lending to the infrastructure sector. While the CRR is a tool where banks have to set aside liquidity with RBI in proportion of the deposits mobilised by them, the SLR requires banks to invest 25 per cent of their liabilities in government securities to generate instant liquidity.
CoBRA commando Rakeshwar Singh Manhas went missing after the April 3 ambush in Chhattisgarh's Bastar region.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
Hand the beautiful Shriya Saran a camera and the unexpected happens.
'Q1 is going to bear the brunt of the second wave, exposing full-year GDP forecasts to downward revisions, unless phase-3 of vaccination is executed quickly.'
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
Tuned into a cutting edge audiovisual environment, Dr Himanshu Kumar, founder of Mini Theatres, has certainly got an eye for all the right gadgets.
'Policy was more in line with the expectations.'
'When the rupee was at 65 a dollar, we wanted to go to Thailand for a holiday.' 'Now at 72, we may find Goa much more attractive.' 'That's how correction happens.' 'If you don't let that correction happen, then it's a pressure cooker that bursts one day.'
Two magazines with 20 live cartridges were snatched from two constables by protestors who also damaged vehicles and robbed anti-riot gears during the violence at Red Fort on Republic Day, according to the first information report (FIR) filed in connection with the incident.
There are however, enough dovish signals in the governor's statement to indicate a pro-growth policy going forward.
Benchmark share indices ended at record closing highs as the cut in statutory liquidity ratio by the Reserve Bank of India at its policy meet today will help inject liquidity, paving the way for credit growth revival.
The Reserve Bank of India on Tuesday kept key rates unchanged.
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
Worried over a spike in interest rates in the wake of steps to support the falling rupee, the RBI on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.
The RBI on Tuesday maintained status quo on interest rates, saying there have been no developments to warrant further easing since an unscheduled rate cut about a fortnight ago.
A naxal commander, who was carrying a reward of Rs 2.10 lakh on his head, was killed in a fierce gun-battle with the security personnel in Rajnandgaon district of Chhattisgarh on Saturday afternoon, the police said.
The Panasonic Lumix GF-6 offers a lot more than just the promise of better quality visuals, fast autofocus and strong low-light photography. But does it present a viable alternative to the standard DSLRs in this price range or compete with the likes of Sony and its NEX range? We find out.
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At least six Karbi Peoples Liberation Tigers militants, including two of its top leaders, were killed and an army man was injured in an encounter with security forces in the early hours in Karbi Anglong district of Assam on Friday.
This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to cut rates to boost economy.
Army troops on Sunday busted a terrorist hideout and recovered arms and ammunition in the forest belt of Jammu region.
The Reserve Bank of India (RBI) clarification on the final norms for new bank licences has much to mull on for the many entities interested. It has clearly ruled out any benefit to the new entrants in terms of more time to meet the cash reserve ratio/statutory liquidity ratio (CRR/SLR) requirements.
On the reduction in the SLR ratio, he said it was a signal from the point of view of long-term reforms.
Twelve passengers were injured on Wednesday as a coach of 13226 UP Danapur-Jainagar Inter-City Express derailed near Bachhwara railway station in Bihar's Begusarai district, official sources said.
The RBI's projections for consumer inflation over the rest of the year indicate some acceleration, with the rate reaching eight per cent in its baseline scenario.
A young man who was arrested after a video clip showed him brandishing a police self loading rifle during Saturday's protests in Mumbai against the violence in Assam was remanded in crime branch custody till August 24.
"Militants in combat uniform barged into the guard room of TV tower at Dalvash in Dooru area of Anantnag district around 12.30 am and overpowered the cops guarding the installation," the police official said.
Two Naxals were also gunned down in these face-offs.
Two Naxals including a woman were arrested in Raipur with arms and ammunition including nearly 300 live cartridges, the police said.
ICICI Bank Chairman K V Kamath on Thursday disagreed with the suggestion of SBI chief Pratip Chaudhuri that RBI should scrap CRR, saying it is part of the monetary policy and no issue can be made of it.
The government must guarantee the entire loan and the interest rate, so that there is no additional provisioning requirement.
Eight-year-old Qamar Hashim is a celebrity in his country. Holding his SLR camera close to his chest, Hashim wanders in the streets of Iraqi capital Baghdad shooting dramatic landscapes of country trying to resurrect itself.
T C A Srinivasa-Raghavan recalls a tussle between the government and RBI when Rajiv Gandhi was prime minister and how it was resolved.
At least five Maoists were killed in a fierce gunbattle with security forces in Orissa's Jajpur district on Sunday.
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