Retail inflation rose at a faster pace than anticipated in February. It picked up to 2.57 percent, after easing to 1.97 percent in January.
The RBI is likely to cut its key lending rate by another 25 basis points (bps) in backdrop of low inflation and slowing industrial production.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will meet for the new fiscal's first bi-monthly monetary policy today.
The Reserve Bank of India (RBI) on Monday changed the disclosure norms for banks on material divergences on provisioning, stating that banks will now have to disclose their provisions if the divergence found is more than 10 per cent of the bank’s profit before provisioning and contingencies.
The Reserve Bank of India (RBI) will introduce a new seven-year and a new 20-year bonds in the first auction of the fiscal to be held on Friday, April 5.
KOLKATA: Reserve Bank of India has made life a little bit easier for banks by tweaking the bad loan divergence rule. Banks’ disclosure of divergence practice mandated by RBI aims at improving transparency in asset classification and preventing under-reporting of bad loans.