Ease of doing business: RBI consolidates over 9,000 circulars and issues 244 principal directions for regulated entities

Shirish Chandra Murmu, Deputy Governor, RBI. Photo credit: cueapi In a massive exercise carried out over the past five to six months, the Reserve Bank of India (RBI) consolidated over 9,000 circulars, some dating back to the pre-independence era, and issued 244 Master Directions (MDs) for regulated entities (REs) on Friday. The move is part […]

Prudent accounting policies ensured that RBI had a strong and resilient balance sheet: Dy Guv Murmu

Shirish Chandra Murmu, Deputy Governor of the RBI. , Photo credit: cueapi With an economic capital of about 25 percent of the balance sheet, the RBI is in a formidable position to effectively fulfill its public policy mandates while ensuring monetary and financial stability, said Deputy Governor Shirish Chandra Murmu. “The prudent accounting policy over […]