RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulatory..
The Monetary Policy Committee (MPC) met on 5th, 6th and 7th April, 2021 and deliberated on current and evolving macroeconomic and financial developments, both domestic and global. The MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent. It also unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within th..
This Statement sets out various developmental and regulatory policy measures on (i) liquidity management and support to targeted sectors; (ii) regulation and supervision; (iii) debt management; (iv) payment and settlement systems; (v) financial Inclusion; and (vi) external commercial borrowings. I. Liquidity Measures 1. TLTRO on Tap Scheme - Extension of Deadline With a view to increasing the focus of liquidity measures on revival of activity in specific sectors that have both backward ..
RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 10th March, 2021 NOTIFICATION UNDER CLAUSE (U) OF SUB-SECTION (1) OF SECTION 2 OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 Notification DoR. FIN. No. 08/26.03.001/2020-2021.—dated March 10, 2021- In exercise of the powers conferred by sub- section (1) of section 7 read with clause (u) of sub-section (1) of Section 2 of the Securitisation and Reconstruction of Financial Ass..
The Reserve Bank of India today announced the names of the members of the Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks as well as Small Finance Banks. The composition of SEAC is: 1. Smt. Shyamala Gopinath, former Deputy Governor, Reserve Bank of India Chairperson 2. Ms. Revathy Iyer, Director, Central Board, Reserve Bank of India Member 3. Shri B. Mahapatra, former Ex..
As per the revised Issuance Calendar dated February 01, 2021 for Government of India Dated Securities, the next auction is scheduled to be held on March 26, 2021. On review of position of cash balance, the Government of India has decided to cancel the above scheduled auction. (Yogesh Dayal) Chief General Manager ..
Emails allegedly from the Governor of RBI claim that the recipient has won monetary compensation and are asking for personal details to redeem the prize. These emails are Fake. RBI neither sends such messages nor uses Gmail accounts for communication. ..
Today, the Report on Currency and Finance (RCF) for the year 2020-21 was released by the RBI. First published in 1937, the RCF adopted a theme-based approach from 1998-99. After a hiatus between 2014 and 2019, the Report has been revived with this release. The theme of the Report is “Reviewing the Monetary Policy Framework” which assumes topical relevance in the context of the review of the inflation target by March 2021 against the backdrop of structural changes in the mac..
Creating New Opportunities for Growth (Shri Shaktikanta Das, Governor, Reserve Bank of India - February 25, 2021 - at the Bombay Chamber of Commerce and Industry) I would begin by thanking the Bombay Chamber of Commerce and Industry for the invitation to address this eminent gathering, even if virtually – the compulsive reality of the current times. My heartiest congratulations to the Bombay Chamber of Commerce and Industry for completing 184 years of successful functioning. Besides ..
Watch out for keynote address by RBI Governor Shaktikanta Das in the 185th Foundation Day Celebration of Bombay Chamber of Commerce and Industry at 11:00 am on February 25, 2021. Watch it live here as mentioned below ..
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty seventh meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from February 3 to 5, 2021. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Professor, Indira Gandhi Institute of Development Research, Mumbai; Prof. Jayanth R. Varma, Pro..
Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) February 3-5, 2021 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 5, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing f..