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New Delhi: <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> has demonstrated a largely successful inflation targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the <keyword id="19934368" type="General" weightage="100" keywordseo="state-bank-of-india" source="keywords">State Bank of India</keyword> (SBI). The report credits government initiatives, the <keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>, and banks for addressing these issues over the past decade, allowing for better policy transmission and improved inflation management. "The success of Inflation Targeting in India is largely a byproduct of a vibrant financial ecosystem where <keyword id="23140158" type="General" weightage="20" keywordseo="rbi-government" source="keywords">RBI, Government</keyword> and the Banks are working closely in unison in ushering in market reforms" said the report The report highlighted that India experienced minimal deviations from its inflation targets between 2021 and 2024, setting it apart from other global economies facing greater inflationary challenges. It added that during 2021-2024, India recorded one of the lowest deviations from its inflation targets, highlighting the effectiveness of its inflation control measures. This success, the report points out, is largely a result of coordinated efforts between the <keyword id="19899810" type="General" weightage="20" keywordseo="reserve-bank-of-india" source="keywords">Reserve Bank of India</keyword> (RBI) and the central government. "India had a largely successful inflation targeting regime. Compared to advanced economies like the USA, Germany" said the report. As per the report the synchronization of monetary and fiscal policies, particularly during the pandemic, played a key role in maintaining price stability. It also emphasized that India's pre-inflation targeting regime faced several challenges that hindered the effective transmission of monetary policy. These challenges included sustained fiscal dominance, the presence of a large informal sector, significant informal financing, and inefficiencies in how banks priced their loan products. "Effectiveness of monetary policy in India's pre-Inflation Targeting regime was constrained by several India specific factors that affected transmission of the policy impulses through the interest rate channel" the report added. However, one of the key arguments in the report is that the RBI's inflation targeting has anchored inflationary expectations, even as food inflation remains high. The notion that headline inflation should exclude food prices was dismissed as counterfactual by the report. According to the study, the RBI's success in targeting inflation, despite food price volatility, has prevented a spill-over from food inflation to core inflation. The report stressed that the RBI's consistent communication of its inflation target--set at 4 per cent--has been crucial in successfully anchoring inflation expectations. By reinforcing its commitment to this target, the RBI has helped stabilize inflationary trends across the broader economy. The SBI report reinforces India's effective monetary policy framework, particularly in light of the global inflationary pressures seen in advanced economies like the US and Germany.

India handled inflation much better than US, Germany and France: SBI Report

Mumbai, Jun 11 () The Reserve Bank on Thursday came out with a discussion paper to improve governance in commercial banks by adequately empowering their boards to effectively deal with issues like risk management, conflict of interest and supervisory oversight of senior staff. Among other things, the discussion paper bats for greater power to the bank boards, separation of ownership from management and setting up of proper risk management strategy. "The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of the context of domestic financial system," the RBI said. Stakeholders can send their comments on the discussion paper by July 15, 2020. The paper said that growing size and complexity of India's financial system underscores the significance of strengthening governance standards in banks. Recent events in a dynamic and rapidly evolving financial landscape have led to increasing scrutiny of the role of promoter(s), major shareholder(s) and senior management vis-a-vis the role of a board. "In the context where management plays the role of an agent of a board and the board in turn plays the role of an agent of shareholders, governance failures have brought to fore the impact of quality of governance on efficiency in allocation of resources, protection of depositors' interest as well as maintaining financial stability," it said. The bank board, as per the discussion paper, should set the culture and values of the organisation; recognise and mange conflict of interest; set the appetite for risk and manage risks within the appetite; and improve the supervisory oversight of senior management. On the responsibilities of the board, the paper said, "A fundamental component of good governance is a culture of reinforcing appropriate norms for responsible and ethical behaviour." "These norms are especially critical in terms of a bank's risk awareness, risk-taking behaviour and risk management. To promote a sound culture, the board shall reinforce the 'tone at the top'," it said. It further said there should be a code of conduct or comparable policy which shall define acceptable and unacceptable behaviour. The board should have a formal written 'conflicts of interest' policy and an objective compliance process to ensure implementation of the policy. Also, "the board shall take an active role in defining the risk appetite, ensuring its alignment with the bank's strategic, capital, financial plans and compensation practices." The board should approve an approach, oversee the implementation of key policies pertaining to the bank's capital adequacy assessment process including capital raising plans, liquidity plans, compliance policies/ obligations, and the internal control system, it said. The paper also talks about the qualification and selection process of board members. It further said the board should constitute a Nomination and Remuneration Committee (NRC) made up of only non-executive directors (NEDs). It also said the board of directors of a bank should comprise not less than six directors and not more than 15 directors with majority being independent directors. NKD CS ABM ABM

RBI floats discussion paper on governance in banks

Crypto is back on the discussion table as <a href="https://www.businessinsider.in/cryptocurrency/news/taxing-cryptocurrencies-does-not-give-them-legal-status-clarifies-indias-finance-minister/articleshow/89500097.cms" data-type="tilCustomLink">Finance Minister Nirmala Sitharaman </a>and Reserve Bank of India (RBI) Governor Shaktikanta Das deliberated over the issue. The Finance Minister had announced in her Budget speech that the RBI will launch a <a href="https://www.businessinsider.in/cryptocurrency/news/taxes-gst-and-the-digital-rupee-crypto-policy-in-india-is-going-through-a-big-overhaul/slidelist/89499051.cms" data-type="tilCustomLink">block chain based digital currency </a>next year. The government also proposed to tax digital assets. "With RBI &amp; Ministry, not just on crypto but on every other thing as well, I think there's complete harmony with which we're working, respecting each other's domain and also knowing what we've to do with each other's priorities &amp; in the interest of the nation. There's no turfing here," said Sitharaman after the meeting. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> "Like several other issues, this particular issue is internally under discussion b/w RBI &amp; the Govt. Whatever points we have, we discussed with the Govt. Beyond that I think I will not like to further elaborate," said Das. RBI Governor Shaktikanta Das had cushioned crypto investors just few days back saying "it is my duty to tell the investors who invest in cryptocurrencies to keep in mind that they are investing at their own risk and also need to keep in mind that the cryptocurrency has no underlying value, not even a tulip". "Yes, the issue that was discussed between the Finance Minister and the RBI governor along with other issues and there's no difference of views on any of these, informed a Finance Ministry official requesting anonymity.

RBI, government working in complete harmony on crypto: Nirmala Sitharaman

The Reserve Bank of India (<keyword id="30067" type="General" weightage="20" keywordseo="rbi" source="Orion">RBI</keyword>) on Friday issued draft guidelines for lending and <keyword id="16566997" type="General" weightage="20" keywordseo="borrowing-of-government-securities" source="Orion">borrowing of government securities</keyword>. It is aimed at improving liquidity and price discovery in the market. The central bank had first announced the borrowing and <keyword id="16566996" type="General" weightage="20" keywordseo="lending-of-government-securities" source="Orion">lending of government securities</keyword> earlier this month, while announcing monetary policy. "Comments on the Draft Directions are invited from banks, market participants and other interested parties by March 17, 2023," the RBI said in a statement on Friday. <keyword id="7268643" type="General" weightage="20" keywordseo="rbi-governor-shaktikanta-das" source="Orion">RBI Governor Shaktikanta Das</keyword> on February 8 proposed the borrowing and lending of government securities to improve liquidity and price discovery in the securities market. "This will provide investors an avenue to deploy their ideal securities, enhance portfolio returns, and facilitate wider participation," he had said at that time. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/5g-ambulances-act-as-icus-on-bed-says-medical-provider-medulance-who-secured-2-crore-funding-on-shark-tank-india/articleshow/98024547.cms">5G ambulances act as ICUs on bed, says medical provider Medulance who secured ₹2 crore funding on Shark Tank India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/the-life-love-tragedy-of-madhubala-the-brightest-of-all-shining-stars/slidelist/98015443.cms">The life, love &amp; tragedy of Madhubala: the brightest of all shining stars</a>

RBI issues draft rules for lending, borrowing of govt securities

India allows small retail investors to directly lend to the government

<ul><li>The Indian government is mulling over invoking <keyword id="6325500" type="UNKNOWN" weightage="20" keywordseo="section-7">Section 7</keyword> of the <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> (RBI) Act, a provision which allows the central government to issue directives to the bank regulator. </li><li>The government has sent three letters to Reserve Bank of India under Section 7 (1) to seek consultation over various issues like the economy’s liquidity crunch and weak banks. </li><li>The bank’s governor, <keyword id="6375119" type="PERSON" weightage="20" keywordseo="urjit-patel">Urjit Patel</keyword>, has threatened to resign if the government does not back down. </li></ul>The Indian government and the country’s apex bank, the Reserve Bank of India (RBI), are locking horns over the latter’s autonomy. While the RBI believes it should continue to make decisions on its own, the government of India believes that it should have some say in how they’re handling the economy — by <a href="https://www.livemint.com/Industry/fzKfeJ9KliesX4oQ4LEkdJ/The-history-of-the-contentious-RBI-Act-Section-7.html">invoking Section 7</a> of the <keyword id="540275" type="PERSON" weightage="20" keywordseo="RBI-Act">RBI Act</keyword>. By putting that section in play, the government can issue orders to the central bank, which it will then have to follow — regardless of whether not it believes the move is correct. The central government has already started using Section 7(1) of the RBI Act. In fact, it <a href="https://www.livemint.com/Industry/fzKfeJ9KliesX4oQ4LEkdJ/The-history-of-the-contentious-RBI-Act-Section-7.html">sent three letters</a> to RBI seeking consultation. These letters include directives on how to ease the norms for prompt corrective action (PCA) and address the liquidity crunch that non-banking financial companies (NBFCs) are facing. In response to these injunctions, RBI’s governor, Urjit Patel, has <a href="https://timesofindia.indiatimes.com/business/india-business/rbi-governor-may-consider-resigning-after-rift-with-government-report/articleshow/66440506.cms">threatened to resign</a>. The Ministry of Finance, though unwilling to share details in the public domain, has stated that <a href="http://pib.nic.in/PressReleaseIframePage.aspx?PRID=1551317">they are officially consulting with the RBI</a> on how to proceed with Section 7. 
 
 
 
 
 
 
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 What’s the big deal about Section 7? In the 71 years of its independence, this the first time that any government in power will be using the provision. Never before has the government questioned or attempted to correct the issues of the money by strong arming the country’s apex money regulator. The section gives exclusive rights to the central government to direct RBI, which in any other case, does not take direction from any governing body in India. Even during the crisis of 1992 when liberalisation-privatisation-globalisation (LPG) was implemented or, the more recent, global recession of 2008, the government did not feel the need to invoke Section 7 of the RBI Act. The RBI and the Indian government have been muscling with each other due to opposing points of view over ‘prompt corrective action’ (PCA). While Indian government wanted RBI to relax the lending rules for banks issue loans so that it would reduce pressure on the Ministry of Micro, Small and Medium Enterprises (MSMEs), the RBI did not agree.

Question of autonomy — As the Indian government tries to strong arm the country’s central bank, its governor threatens to resign

New Delhi, Nov 18 () Finance Minister Nirmala Sitharaman on Monday said transfer of surplus reserves from the Reserve Bank of India (RBI) to the government in future will depend on net income and other financial parameters of the central bank besides the recommendations of the expert committee on excess capital.
 The surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said in a written reply to Lok Sabha.
 "The quantum of surplus transfer to the government in the coming years would depend on RBI's net income, 'required realized equity' as a per cent of RBI's balance sheet and 'available realized equity' as a per cent of RBI's balance sheet in the coming years, and shall be governed by the legal provisions of the RBI Act, 1934 read with the recommendations of the committee as accepted by RBI," Sitharaman said.
 The central board of the RBI, in its meeting in November 2018, in consultation with the government had decided to constitute an expert committee under the chairmanship of former RBI governor Bimal Jalan to suggest an adequate level of risk provisioning that RBI needs to maintain.
 The committee, formed on December 26, 2018, was tasked to propose a suitable surplus distribution policy taking into account all the likely situations of the RBI.
 The finance minister was replying to a question asked by Gopal Chinnaya Shetty if the issue of surplus reserves of RBI was resolved as per the suggestions of the Jalan committee and whether in future the government was likely to get additional dividend from RBI as per the recommendations of the said committee.
 The Bimal Jalan expert committee had submitted its report to RBI on August 14, 2019.
 The central board of RBI, in its meeting on August 26, 2019, had accepted all the recommendations of the committee and finalised RBI's accounts for 2018-19 using the revised framework to determine risk provisioning and surplus transfer.
 "The transfer of surplus to the government for the year 2018-19, ended June 30, 2019 was made in accordance with the recommendations of the committee and accordingly a sum of Rs 1,75,987 crore was transferred by RBI to the government," the minister said in the lower house.
 The transfer of reserves comprised Rs 1,23,350 crore of surplus for 2018-19, of which Rs 28,000 crore was already paid as interim dividend on March 28, 2019, and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF), Sitharaman said. KPM RVK

Transfer of surplus money from RBI in future to depend on income, expert panel suggestions: FM

The Reserve Bank of India (<keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords">RBI</keyword>) is likely to transfer approximately Rs 1000 billion to the <keyword id="19900449" type="General" weightage="20" keywordseo="government" source="keywords">government</keyword> IN <keyword id="19965933" type="General" weightage="20" keywordseo="FY25" source="keywords">FY25</keyword> according to a report by Union Bank of India. The report highlights that RBI is anticipated to maintain a robust <keyword id="20047030" type="General" weightage="20" keywordseo="dividend" source="keywords">dividend</keyword> payout for the <keyword id="20093202" type="General" weightage="20" keywordseo="fiscal-year" source="keywords">fiscal year</keyword> 2025 (FY25). This projection represents a slight increase from Rs 874 billion transferred in the previous fiscal year. "The government has budgeted the FY25 dividend for RBI and PSU banks &amp; financial institutions at INR 1020bn, vis-a-vis INR 1044bn in FY24. In our view, a positive surprise is likely, similar to last year when initial budget estimate for overall dividend was only INR 480bn" said the report. Analysts in the report predict a potential positive surprise, akin to the previous fiscal year, when the initial budget estimate for dividends was significantly lower at INR 480 billion. Despite several factors influencing RBI's dividend calculation, such as <keyword id="21195402" type="General" weightage="20" keywordseo="interest-earnings" source="keywords">interest earnings</keyword> and foreign exchange (FX) gains, analysts predict a continuation of strong dividend figures. The majority of RBI's balance sheet, approximately 70 percent, consists of foreign currency assets, with another 20 per cent in domestic government bonds. Interest earnings from these securities are expected to range from Rs 1.5-1.7 trillion. Additionally, interest from liquidity operations has increased RBI's earnings, particularly as the banking system returned to a deficit mode from September 2023. While income gains of RBI from FX (Forex) sales decreased slightly due to lower sales volumes, they are expected to remain substantial despite a rise in the weighted average cost of <keyword id="20102143" type="General" weightage="20" keywordseo="reserves" source="keywords">reserves</keyword>. Moreover, a decline in provisions likely contributed to boosting RBI's dividend. Provisions for reserves, as per the Economic Capital Framework outlined by the Jalan committee, saw a rise in the contingency fund provision due to increased balance sheet growth. The impact of the RBI dividend announcement on markets may be limited in the near term, especially with ongoing elections potentially delaying government spending. However, if the surplus balance is utilized for activities like G-Sec buybacks, it could support the shorter end of the G-Sec curve. Overall, analysts maintain a positive outlook on longer-duration G-Secs due to favorable demand-supply dynamics. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank">Indian smartphone market up 8%, 5G smartphones account for over 70% of shipments</a><a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank">IPL Decoded: Highest individual scores in IPL 2024 so far, from Stoinis to Kohli</a><a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank">Apple and Samsung dominate the top-selling smartphones in Q1 2024</a>

RBI likely to transfer ₹1 trillion to government in FY25

The <keyword id="6354335" type="COMPANY" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> (RBI) has asked state governments not to transfer their deposits out of private sector banks saying apprehensions about the safety of deposits in private lenders are highly misplaced. In a letter written to chief secretaries of all states, the central bank said moving deposits out of private sector banks could have implications for banking and financial sector stability. The letter came after reports suggested that some state governments have advised government bodies and other entities under their jurisdiction to transfer their funds held with private sector banks to public sector lenders. This follows the crisis at <keyword id="45660" type="COMPANY" weightage="20" keywordseo="Yes-Bank">Yes Bank</keyword> where the RBI has superseded the bank's board and placed restrictions on withdrawals. "We strongly believe that such a move can have banking and financial sector stability implications," the RBI wrote. "We feel that apprehension on the safety of deposits in private sector banks is highly misplaced and will not be in the interest of stability of the financial system in general and the banking system in particular." It requested state governments to reconsider any decision they might have taken in this regard or are in the process of taking such decision. "The Reserve Bank has adequate powers to regulate and supervise the private sector banks and by using these powers, it has ensured that the depositors' money is entirely safe," the letter said. The RBI said the resolution of weak private sector banks in the past has been done in a manner that the depositors are not put to loss. "It is precisely with a view to retaining depositors' confidence in private sector banks and mitigating their hardship that, after the imposition of a moratorium on <keyword id="436044" type="DOMAIN" weightage="20" keywordseo="Yes-Bank-Ltd">Yes Bank Ltd</keyword>, the RBI has drawn up a draft scheme without any delay and we are making every effort to expedite the finalisation of the scheme," it added.

RBI assures state governments that their deposits are safe in private banks

<ul><li>Following a nine-hour meeting, the board of the RBI and officials from the central <keyword id="26362" type="ORGANIZATION" weightage="20" keywordseo="Government">government</keyword> were able to reach a compromise on a number of issues. </li><li>The central bank agreed to implement measures to improve the flow of credit to the micro-small-and-medium enterprise (MSME) sector and to work towards easing restrictions on state-owned banks. </li><li>The RBI also decided to institute a panel that will decide upon the transfer of its surplus funds to government coffers and review the reserve <keyword id="36749" type="ORGANIZATION" weightage="20" keywordseo="capital">capital</keyword> requirements imposed on Indian banks. </li></ul>As <a href="https://www.businessinsider.in/a-compromise-between-the-rbi-and-the-central-government-could-be-in-the-offing-as-the-board-to-central-bank-prepares-to-meet-next-week/articleshow/66619722.cms">predicted</a>, the <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> (RBI) and the central government were finally able to reach a truce following <a href="https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=45523">a marathon meeting</a> of the 18-member board of the central bank on Tuesday. Among the many concessions the RBI agreed upon, the main ones were to implement measures to improve the flow of credit to the micro-small-and-medium enterprise (MSME) sector and to work towards easing restrictions on state-owned banks. While the two parties will continue to differ over a number of issues, the central bank is expected to retain its autonomy when it comes to decision-making. Terms of the truce Given the ongoing liquidity crisis in the non-banking financial sector, the central government had been vocal about the slowdown in credit to small businesses around the country. The RBI had opposed the ask saying that easing credit could result in a further pile-up of bad loans. Over the course of the November 19 meeting, the board of the RBI decided to formulate a scheme to restructure the bad loans of SMEs to the tune of ₹250 million or less in lieu of access to additional financing. Secondly, the RBI agreed to review the restrictions imposed on banks under its Prompt Corrective Action (PCA) framework. Most of the banks on the PCA watchlist are state-run banks given their disproportionately large share of non-performing loans in the Indian banking sector and recent history of losses. Following the review, the RBI’s Board of Financial Supervision is expected to release some banks from the programme - something that the government has insisted upon. Speaking to media outlets on Monday, the principal economic advisor to the government, Sanjeev Sanyal, said that it was imperative for there to be <a href="https://www.livemint.com/Companies/Lv7U81nwl85rgaz1HjZiEL/Cant-have-Hotel-California-approach-towards-RBI-PCA-banks.html">an exit plan </a>in place for banks under the PCA framework. Thirdly, the board of the central bank decided to institute a panel primarily tasked with deciding upon the transfer of surplus funds to government coffers and review the reserve capital requirements imposed on Indian banks. The Indian government has recently raised demands that it should receive a larger share of RBI’s surplus funds as it struggles to meet its fiscal deficit target. The ask was strongly opposed by RBI, which said it needed stronger cash reserves in the event of a financial downturn. While the RBI decided to retain the capital adequacy ratio for banks at 9% of risk-weighted assets, which is one percentage point more than what is prescribed under <keyword id="142572" type="PERSON" weightage="20" keywordseo="Basel-III">Basel III</keyword> norms, it has given them an additional year to implement Basel III requirements by March 2020. The compromise came as a relief to market speculators as fears about the resignation of RBI governor <keyword id="6375119" type="PERSON" weightage="20" keywordseo="urjit-patel">Urjit Patel</keyword> were put to rest. Both the R<a href="https://www.livemint.com/Money/tKGf3TKkN0XeExXVhNO1TL/Rupee-bond-prices-gain-as-RBI-government-hint-truce.html">upee</a> and <a href="https://www.google.co.in/search?q=sensex&amp;rlz=1C1GCEU_enIN820IN820&amp;oq=sensex&amp;aqs=chrome..69i57j69i60j69i57j69i59j69i60j69i61.881j0j7&amp;sourceid=chrome&amp;ie=UTF-8">Sensex</a> index were up Monday, while prices on 10-year government bonds also increased. The truce, by no means, indicates an end to disagreements between the government and the central bank, which isn’t a bad thing. Given the difference in their goals and the timeline of their mandates, the two parties may butt heads again over a number of issues. However, the outcome of the board meeting of the RBI shows that when needed, a compromise can be reached and long-term stability can be reconciled with short-term boosts to the economy. SEE ALSO: <a href="https://www.businessinsider.in/a-compromise-between-the-rbi-and-the-central-government-could-be-in-the-offing-as-the-board-to-central-bank-prepares-to-meet-next-week/articleshow/66619722.cms">An end to the spat between the RBI and the government could be in sight as the board of the central bank prepares to meet next week</a> <a href="https://www.businessinsider.in/the-spat-between-indias-central-bank-and-the-government-gets-more-heated-as-the-finance-minister-blames-it-for-not-doing-enough-to-prevent-the-countrys-bad-loan-problem/articleshow/66442846.cms">The spat between India’s central bank and the government gets more heated as the finance minister blames the RBI for not doing enough to prevent the country’s bad loan problem</a> <a href="https://www.businessinsider.in/indias-government-wants-to-dilute-an-important-corrective-programme-for-the-nations-struggling-lenders-and-the-central-bank-is-having-none-of-it/articleshow/66411552.cms">India’s government wants to dilute an important corrective programme for the nation’s struggling lenders — and the central bank is having none of it</a>

You Searched For "rbi government" and got 10 results

India handled inflation much better than US, Germany and France: SBI Report

ANI

RBI floats discussion paper on governance in banks

PTI

RBI, government working in complete harmony on crypto: Nirmala Sitharaman

IANS

RBI issues draft rules for lending, borrowing of govt securities

IANS

India allows small retail investors to directly lend to the government

Business Insider India

Question of autonomy — As the Indian government tries to strong arm the country’s central bank, its governor threatens to resign

BI India Bureau

Transfer of surplus money from RBI in future to depend on income, expert panel suggestions: FM

PTI

RBI likely to transfer ₹1 trillion to government in FY25

ANI

RBI assures state governments that their deposits are safe in private banks

PTI

After weeks of tension, the Reserve Bank of India gives in to some of the central government's demands while retaining its independence

Dilsher Dhillon

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