INDIA – RBI Policy Day 2018 LIVE RBI POLICY GUIDELINES Tweets by BloombergQuint
Gold Silver Reports (GSR) – Goldilocks Economy – The Indian economy is expected to have grown at a stronger pace in 2018-19, as disruptions due to the introduction of the Goods and Services Tax settled down. Despite continued volatility in some high frequency indicators like the manufacturing PMI, most economists believe that the economy is recovering steadily.
Gold Silver Reports (GSR) – State-Owned Banks Worst Hit By Fraud Despite Spending More On Audits — That’s according to a new report by proxy advisory firm Institutional Investors Advisory Services. The high audit fees in public sector banks are a function of large number of branches, multiple auditors, higher number of physical audits and Reserve Bank of India prescribed rates, IiAS said in its report. “Despite paying high audit fees, the quantum of fraud in public sector banks tend to be much higher.”
Gold Silver Reports – Reserve Bank of India Sets April 30 Deadline For Linking SWIFT With Core Banking — The Reserve Bank of India has asked banks to finish fully integrating the core banking system with the SWIFT messaging network by April 30, two bankers in the know said.
Gold Silver Reports – The Reserve Bank of India (RBI) has reduced its order for printing new currency notes in the current fiscal year to the lowest in five years for lack of space in the currency chests of the central bank and commercial banks, two people familiar with the matter said.
Gold Silver Reports — The board of the Reserve Bank of India (RBI) has cleared a proposal to introduce banknotes of Rs200 denomination, two people aware of the development said.
Gold Silver Reports — Reserve Bank of India Concern on Inflation — The IMF echoed the Reserve Bank of India’s concern on inflation, saying the monetary authority must be ready to raise interest rates if price pressures build.