After reports surfaced that Standard Chartered is facing RBI regulatory scrutiny in India over alleged lapses in derivatives sales, the lender on Wednesday said the Reserve Bank conducts annual inspections of banks, and this is just part of a routine examination. According to reports, the central bank raised concerns following alleged sales by the lender…
Mumbai: The Reserve Bank of India cancelled the 30-year green bond auction despite receiving bids double the auction amount. The last time the central bank cancelled a green bond auction was in May 2024. The 30-year paper had a notified amount of ₹5,000 crore and received bids worth ₹10,943 crore in the auction scheduled on…
The Reserve Bank of India (RBI) is expected to announce a 50 basis points (bps) cut in the repo rate in its upcoming monetary policy announcement on June 6, according to a report by the State Bank of India (SBI). The report said a large rate cut could help revive the credit cycle, with the…
Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing price pressures, according to economists. They are now keenly awaiting the central bank’s commentary on inflation and growth to get an idea about how long it would continue with the easing cycle…
The Reserve Bank of India (RBI) said on Thursday it will continue to undertake liquidity management operations in sync with the monetary policy stance to keep system liquidity adequate to meet the productive requirements of the economy. A benign inflation outlook and moderate growth warrant a monetary policy to be growth-supportive, while remaining watchful about…
The Reserve Bank of India’s record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a report by the State Bank of India (SBI). The report noted that this significant surplus transfer…