FED:Jobless jump, Iran war shoot down fears of rate rise The big four banks are tipping the Reserve Bank to hold interest rates steady at its next meeting after the jobless rate surged and as the Iran war hits home. AAP · May 21
FED:Surprise unemployment jump 'comfort' for Reserve Bank About 18,600 fewer Australians were employed in April, which should ease the Reserve Bank's concerns the economy is above capacity and driving up inflation. AAP · May 21
FED:Surprise unemployment jump eases interest rate fears The Australian labour market has shown signs of softening as tens of thousands of people register as unemployed, boosting hopes of a Reserve Bank rate hold. AAP · May 21
AAP · May 20 FED:Jobs market holds key to next Reserve Bank rates call The impending release of labour force data will have a big bearing on whether interest rates rise again soon, as economists debate the Reserve Bank's next move.
AAP · May 20 Jobless jump, Iran war shoot down fears of rate rise The big four banks are tipping the Reserve Bank to hold interest rates steady at its next meeting after the jobless rate surged and as the Iran war hits home.
The Economic Times · May 19 RBI proposes banks to disclose detailed information on capital, risks under Basel Pillar 3 The Reserve Bank of India is introducing new rules for banks under Basel III. Lenders will soon publish detailed information quarterly on capital, leverage, liquidity, and risks. This aims to boost transparency and market understanding. Banks must explain any significant changes in these figures. The new framework starts from the…
The Economic Times · May 19 RBI cancels licence of Maharashtra-based The Yashwant Co-op Bank The Reserve Bank of India has cancelled the license of The Yashwant Co-operative Bank, Phaltan, Maharashtra, citing inadequate capital and poor earning prospects. The bank's operations will cease from May 19, 2026, with depositors to receive insurance claims up to Rs 5 lakh. Approximately 99.02% of depositors are expected to…
The Economic Times · May 18 Keeping close watch on supply shock, impact on inflation: RBI Guv Sanjay Malhotra The Reserve Bank of India is watching global uncertainties closely. Governor Sanjay Malhotra stated the RBI is monitoring supply shocks. The central bank will act if price increases become widespread. India's monetary policy remains neutral, allowing flexibility. The RBI aims for price stability while managing short-term volatility. Future policy decisions…
AAP · May 18 Rates revelation: why RBA dissenter voted against hike The lone Reserve Bank board member who voted against lifting the cash rate in May was less concerned about inflation expectations than the bank's economists.
The Economic Times · May 18 RBI discontinues investment fluctuation reserve requirement for banks The Reserve Bank of India has discontinued the Investment Fluctuation Reserve for commercial banks. This change takes effect from May 18, 2026. Balances in the IFR will be transferred to other reserves. The Reserve Bank has issued separate circulars for cooperative banks, small finance banks, and payments banks. This move…
The Economic Times · May 18 RBI imposes restrictions on Etawah-based Nagar Sahakari Bank for 6 months The Reserve Bank of India has placed restrictions on Etawah-based Nagar Sahakari Bank. Customers can withdraw a maximum of Rs 10,000. The bank cannot grant new loans or accept fresh deposits without RBI approval. These measures are in place for six months to protect depositors. The RBI will monitor the…
The Economic Times · May 15 RBI imposes penalty on IIFL Finance The Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Technologies faces a Rs 5.8 lakh penalty for KYC and PPI rule violations. These actions stem from regulatory compliance deficiencies identified during inspections. The RBI's move highlights…
The Economic Times · May 14 RBI accepts 2 core investment companies' applications for surrendering registration The Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies. This action follows surrender requests from entities like RR Holdings and Anjali Capfin. HDFC Holdings' certificate was cancelled as it is no longer a legal entity post-merger. Other companies surrendered their certificates…
The Economic Times · May 13 RBI eases rules for outward remittances; drops prior approval for non-bank entities The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer required for these tie-ups. Authorised Dealer banks will now be solely responsible for compliance and customer verification. Customers will receive clear information on forex rates, costs, and credit…