Press Release RBI Working Paper Series No. 03 Benchmarking Indian Regulatory Practices to the G20 Financial Reforms Agenda @Anupam Prakash and Rajiv Ranjan 1Post the crisis of 2007-09, financial stability is regarded as a prime policy objective. The reemergence of threats to the banking system in the light of sovereign debt problems in advanced economies has reaffirmed the importance of pursuing financial sector reforms at the international level. The global regulato

Press Release RBI Working Paper Series No. 02 Gold Prices and Financial Stability in India@Rabi N. Mishra and G. Jagan Mohan Abstract * There has been an almost sustained rise in the international gold prices since 2002, with just one deep correction in 2008. As gold is an integral part of savings of a large number of investors, this has raised apprehensions whether any correction in gold prices will have destabilising implications on the financial markets. In this ba

25 जनवरी 2012 13 जनवरी 2012, शुक्रवार को भारत में अनुसूचित बैंकों का कारोबार (करोड़ ₹ में)   अनुसूचित वाणिज्य बैंक (क्षेत्रीय ग्रामीण बैंकों सहित) सभी अनुसूचित बैंक     14 जनवरी 2011 30 दिसंबर 2011 * 13 जनवरी 2012 * 14 जनवरी 2011 30 दिसंबर 2011 * 13 जनवरी 2012 * I बैंकिंग प्रणाली के प्रति देयताएं (क)               क) बैंकों से मांग और मीयादी जमाराशियां 66405.73 74978.43 75109.94 69111.53 77916.37 78060.22 **

Press Release RBI Working Paper Series No. 21 Inter-connectedness of Banks and NBFCs in India: Issues and Policy Implications @ A Karunagaran Abstract * The recent global financial crisis (2007-09) has clearly highlighted the gravity of high financial inter-connectedness within the financial system. In the Indian context, this brief study attempts to explore the financial inter-connectedness between NBFCs (both deposit taking and non-deposit taking) with banking syst

Press ReleaseRBI Working Paper Series No. 22 Credit and Growth Cycles in India: An Empirical Assessment of the Lead and Lag Behaviour @ Krittika Banerjee Abstract* Procyclicality in the flow of credit has been a factor underpinning the magnified amplitudes of boom and bust phases of the business cycle, particularly in bank dominated financial systems. This paper studies the lead-lag pattern in the interaction between credit and growth cycles of India at three levels i

Press Release RBI Working Paper Series No. 20Credit Channel of Monetary Transmission in India - How Effective and Long is the Lag?@Jeevan Kumar Khundrakpam Abstract *This paper examined the operation of credit channel of monetary policy rate transmission in India during the post-LAF period of 2001:3 to 2011:3. Drawing on the literature, two reduced form equations, one representing nominal bank credit and the other real bank credit was estimated. The regression estimat

30 नवंबर 2011 18 नवंबर 2011, शुक्रवार को भारत में अनुसूचित बैंकों का कारोबार (करोड़ ₹ में)   अनुसूचित वाणिज्य बैंक (क्षेत्रीय ग्रामीण बैंकों सहित) सभी अनुसूचित बैंक     19 नवंबर 2010 04 नवंबर 2011 * 18 नवंबर  2011 * 19 नवंबर  2010 04 नवंबर 2011 * 18 नवंबर  2011 * I बैंकिंग प्रणाली के प्रति देयताएं (क)               क) बैंकों से मांग और मीयादी जमाराशियां 64103.36 70026.86 69808.55 66865.55 72898

Press Release RBI Working Paper Series No. 15An Empirical Analysis of Monetary and Fiscal Policy Interaction in India@Janak Raj, J. K. Khundrakpam & Dipika Das Abstract •This study analyses the behaviour of monetary and fiscal policies interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that, even after the elimination of automatic monetisation of fiscal deficit in 1997 and prohibiting RBI from buying government securities in the primary marke

Press Release RBI Working Paper Series No. 13 Long Run and Short Run Saving- Investment Relationship in India @Bichitrananda Seth Abstract 1The present study examines short and long run relationship between gross domestic savings and investment as well as corporate sector savings and corporate sector investment in India using Engel Granger cointegration test. Also attempt is made to find out the rate of adjustment in the disequilibrium being corrected in the short ru

Press Release RBI Working Paper Series No. 14 Recent Global Crisis and the Demand for Gold by Central Banks: An Analytical Perspective @A Karunagaran Abstract 1When India purchased 200 tonnes of gold under the International Monetary Fund's limited gold sales programme, it was interpreted inter alia that it may further inflate the gold price when the price was already ruling high. This motivated us to examine the general trend among the central banks’ demand for gold